According to the latest worldwide retail and ecommerce forecast by eMarketer, China is poised to become the world’s top retail market by the end of this year, displacing the US. China’s retail sales this year will surpass that of the US by more than $100 billion, it adds.
India’s revised e-commerce rules caused widespread disruption on Amazon’s India website when they kicked in on Friday, forcing the company to take down its key grocery service and remove a wide range of products such as sunglasses and floor cleaners.
Madison enables 24/7/365 picking, handling and product replenishment and the proprietary equipment can complete between 200-300 picks per hour at a rate of $4.50. The technology also complements hybrid retail environments where consumers can order online and pick up in store the same day.
Amazon.com Inc. will use robots to deliver packages in the suburbs north of Seattle, its latest experiment to automate the last-mile of delivery that’s a labor-intensive and costly component of buying products online.