Amazon Seeks Australia Expansion with Massive Robotic Warehouse Set to Transform Fulfillment Operations
Portfolio Pulse from Anusuya Lahiri
Amazon.com Inc's Australian branch is set to move into the country's largest warehouse, which will be operated by a fleet of robots. The four-level fulfillment center, owned by Australia's biggest pension fund, AustralianSuper, and managed by LOGOS, will be completed in 2025 and can house up to 25 million small items sold. The facility will create 2,000 jobs alongside the robots and an additional 2,000 jobs during the construction phase. Amazon's shares traded higher by 0.33% at $140.40 premarket on the last check Wednesday.
August 09, 2023 | 12:00 pm
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Amazon's expansion in Australia with a new robotic warehouse could boost its operational efficiency and sales, potentially having a positive impact on its stock.
The new warehouse will increase Amazon's storage capacity, potentially boosting sales. The use of robots could also improve operational efficiency, reducing costs. Both factors could have a positive impact on Amazon's stock.
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IMPORTANCE 80
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