Amazon's Drone Delivery Service To Extend To UK And Italy
Portfolio Pulse from Benzinga Neuro
Amazon Inc. plans to extend its drone delivery service to Britain and Italy by late next year and to a third U.S. state. The company has also introduced a new robotics system “Sequoia” in a Texas logistics center, which can store stock in warehouses up to 75 percent faster, potentially decreasing order processing time by 25 percent. Despite the rise in e-commerce, traditional brick-and-mortar stores still hold 80 percent of retail business. However, analysts predict a shift towards online retail as delivery speed improves.

October 19, 2023 | 8:28 am
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Amazon's expansion of drone delivery service and introduction of a new robotics system could potentially boost its efficiency and market position.
The expansion of Amazon's drone delivery service to new regions and the introduction of the 'Sequoia' robotics system are likely to improve the company's operational efficiency and delivery speed. This could potentially attract more customers, increase sales, and solidify Amazon's position in the e-commerce market, thereby positively impacting its stock price in the short term.
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