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...Amazon has innovated in robotics before: in 2022, the company said it had invested more than €400mn in technologies that include industrial robotics and sorting systems in its European warehouses....
...At Amazon, however, the resurgence of free cash flow is still fresh. Dividend payments may not be on the cards for 2024. elaine.moore@ft.com...
...elaine.moore@ft.com This article has been updated to include the addition of Just Walk Out Technology in third-party stores...
...in a January hearing about working conditions in its warehouses....
...Vendors could “run their own warehouses” and offer other platforms inventory that would otherwise “only be available to our customers”....
...Email me your market structure/conspiracy theories: robert.armstrong@ft.com....
...PDD’s physical footprint is also minuscule, a striking contrast with Amazon, JD.com and Alibaba, where control of logistics was long seen as a competitive advantage; a way to ensure speed, capacity and satisfactory...
...Witness Ocado’s share price, which surged on Thursday after a report that Amazon might be nosing around....
...Residents of Scholes in Yorkshire were told that Amazon’s warehouse would bring up to 2,400 jobs within three years....
...Amazon has some of the biggest warehouses in the world, a fleet of planes and is investing in driverless vehicles to ferry goods around....
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...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Bonds Everywhere you look, long bond yields are busting out....
...High-profile investors including Kering owner François-Henri Pinault and Chinese ecommerce giant JD.com bought in....
...The company employs more than 1.5mn workers worldwide, mostly warehouse and fulfilment workers....
...“The big retailers — Amazon, Walmart — are search- and convenience-based....
...Amazon’s products lead to more intense working conditions for warehouse employees....
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...Amazon’s share price fell almost 50 per cent over 2022. Workers affected by the UK warehouse closures will be offered alternative roles in nearby Amazon sites or retraining opportunities....
...Spare warehouse and logistics capacity already in place could be turned into a new source of revenue....
...trading update, Yum Brands Q2 Thursday Turkey: July consumer price index (CPI) inflation rate data UK: Bank of England’s monetary policy committee rate-setting meeting Results: Adecco Q2, Adidas H1, Amazon.com...
...’s warehouse employees....
...Amazon claims it has mostly right-sized its frontline workforce, but the cost-cutting also needed to run higher up the chain: not just warehouse operatives but software engineers, product managers, recruiters...
...The cuts still make up just a fraction of Amazon’s global workforce, which numbers about 1.5mn, though the vast majority of its workers are frontline employees in warehouses or physical stores who are unaffected...
...Higher ecommerce sales are needed if Amazon is to balance its oversupply of warehouses....
...The Castleton-on-Hudson warehouse is the fourth Amazon facility in the US to hold a union election this year....
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