Yahoo Finance published this video item, entitled “Inside Amazon’s robot empire” – below is their description.
In the Yahoo Finance series NEXT, Yahoo Finance anchor Allie Garfinkle travels to Matteson, Illinois, and Boston, Massachusetts, for an exclusive look at the future of Amazon’s warehouses, where the e-commerce giant is building and deploying its next generation robots. Amazon’s robotics have become the center of the company’s strategy to fulfill the pledge it makes to you, me, and anyone with a Prime membership — lightning fast delivery. These robots are mission-critical — the company is betting they will be the edge they need to corner online retail and improve margins. Amazon (AMZN) today operates at a scale that was unthinkable in the 1990s, when Jeff Bezos was mailing out books from his garage. Take Prime Day. Ten years ago, Prime Day didn’t exist. In 2023, the virtual shopping event generated billions in sales within 48 hours. The company is now the blueprint for every digital marketplace we use, and the phrase the “Amazon Effect” has come to embody a tangible infrastructure change in our world — that brick-and-mortar retail locations are fizzling away as consumers flock to the Internet. Ultimately, in developing these robots, Amazon is building its own technological and financial future. Amazon is a company that thrives on being the invisible infrastructure of our lives, and the robots are the invisible backbone of Amazon. NEXT is a groundbreaking series that will offer a glimpse into some of the biggest companies Yahoo Finance covers every day, what they’re planning for the future, and what it means for your investing portfolio. For more on our NEXT Series, click here, and tune in to Yahoo Finance every Monday at 10 a.m. ET. Allie Garfinkle is a Senior Tech Reporter at Yahoo Finance. Follow her on X, formerly Twitter, at @agarfinks and on LinkedIn. Click here for the latest technology news that will impact the stock market. Read the latest financial and business news from Yahoo Finance
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