Amazon Launches The World's First Cashier-Less Supermarket |Fundamental Analysis

Amazon Launches The World's First Cashier-Less Supermarket |Fundamental Analysis

Written by: PaxForex analytics dept - Tuesday, 03 March 2020 0 comments

The world's largest e-commerce company, Amazon, opened a supermarket with the Amazon Go program (trading without sellers and cash registers). This market is located in Seattle, USA.
According to the information magazine The Verge, the food supermarket will differ from other markets of the company with the model Amazon Go in that it has a wider range. The store is larger - the area of the market is almost 1 thousand square meters, while in the case of convenience stores with the model Amazon Go - from 110 to 220 square meters. 
 There are a lot of positions in the supermarket.
As in similar supermarkets, the new storehouse's cameras with a working area and cyber-vision technologies with gadget geo-fences. This is necessary to be able to track customers' actions and product movements. Dilip Kumar, Amazon's vice president of sales and technology, said the company will not be opening such large markets until the experience is successful.
In the fall of 2018, Amazon said it would open automated stores and announced that by 2021 it plans to open about 3,000 outlets, such as autopilot technology in cars. Also, the company soon wants to present robotic zones in its network of grocery stores, where it plans to carry out Internet orders separately from the Amazon Go model.