Amazon offers to sell its tech to other retailers

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Amazon offers to sell its tech to other retailers (FT)

  • According to the FT, Amazon is starting to sell its cashier less shopping technology to other retailers.
  • The company is promoting its capabilities via Justwalkout.com, claiming they can eliminate checkouts
  • The system requires customers to scan their credit card on entry & then cameras and shelf weight monitors track what they pick up & then bill them.
  • Any sales would allow Amazon to collect yet more data on what we buy, with the added benefit that the justwalkout system runs on their cloud (AWS)
    Berenberg view
  • Analysts appreciate the technology as it is really good, it feels a bit like a solution looking for a problem.
  • If the problem is checkout queues, a much more simple technology already exists – its called a self scanner
  • Still analysts could be wrong, a string of food retailers from Tesco (apparently), Shufersal (Israel’s leading supermarket chain & Metro/Sonae are looking at similar solutions
  • I think the tech solution that is more likely to move the dial for food retailers is still home delivery.
  • The market leader (at least from an investor perspective) on this is Ocado
  • An interesting “alternative” – that is clearly some years off commercialisation is 6 wheeled robots from Starship Technologies

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Somehow I cannot even stand to say name of this company loud.

For so many reasons - I see this company as one of the most evil out there :/

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Couldn’t agree more with this. 😄

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I agree with you totally. Too much money and power in too few hands, is never good.

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I watched a video where this system was used but I never knew it was used by amazon, it must be extremely expensive though.

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Hi @vlemon

This company became a Monster and to think that when it was born it was only to sell books.

Books, the cradle of knowledge for good and for evil.

Saludos.

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Well evil is a strong word but it can be sometimes evil in specific situation. Let's not forget it makes lives of millions of people more convenient. And this is why it is successful :)

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Just listen the name, I dare say he (amazon) mercury business sell/buy online.
And they sell a variety of products at the market.


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