Published on 30 May 2024 on Zacks via Yahoo Finance
Amazon (AMZN) Gains on Fulfillment Strength Led by Robotics
Amazon’s AMZN shares have gained 19.7% year to date, outperforming the Zacks Retail & Wholesale sector’s return of 9%. The e-commerce giant is continuously gaining momentum in the booming online shopping space on the back of its distribution strength and expanding fulfillment network. Amazon currently has 110 fulfillment centers in the United States and 185 such facilities globally.The company’s deepening focus toward aiding automation at its fulfillment centers on the back of Amazon Robotics remains noteworthy.To maintain its dominant position in the e-commerce market, Amazon needs to continue investing more in fulfillment centers in the United States and the international regions.In this regard, the company recently inaugurated a robotics fulfillment center called YYC4 in Canada, located in Calgary, Alberta.This facility, spanning 2.8 million square feet, is designed to improve the work efficiency and safety of workers through automated systems and robots. YYC4 is equipped with RWC4 robotics technology, which aids in sorting totes and constructing pallets for shipping. Amazon has also deployed a trolley called Kermit that transports empty totes.The company strives to offer in-demand skill training, create job opportunities and fulfill customer orders as fast as possible with the help of advanced robotics technology.With the launch of YYC4, Amazon has expanded its presence in Canada. It now has five fulfillment centers, one sortation center, three delivery stations and two AMXL delivery stations in Alberta.
Amazon.com, Inc. Price and Consensus