Time for the Ocado Robots to Deliver the Goods
Ocado has always argued that its model, which generates economies of scale as orders are fulfilled in its huge robotic warehouses, is more profitable than supermarket employees plucking flour and toilet paper from shelves. The evidence supports that, with Ebitda (a measure of profit) in retail almost doubling to 46 million pounds ($58 million). But Ocado’s shortage of capacity prevented it from fully capturing demand, which was worth five times more in terms of revenue at the peak of the crisis.
Retailers need to stop expecting business to return to 'normal'
Retailers need to stop expecting business to return to “normal.” There’s no going back to how it was anytime soon. Even before the Covid-19 pandemic and economic crisis, brick-and-mortar retailers had been fighting a fierce battle against Amazon and other e-commerce players. Those challenges have now accelerated at staggering speed.
C.H. Robinson announces alliance with Microsoft to digitally transform the supply chain of the future
Collaboration will integrate C.H. Robinson’s Navisphere® and Microsoft Azure cloud technologies to make real-time visibility possible in supply chains and accelerate innovation in transportation
A Q&A with Instacart’s first VP of Algorithms
In his new role, Haixun will lead the team that fine-tunes the artificial intelligence technology and machine learning models that power our four-sided marketplace.
Shopify, Government partner to launch 'Go Digital Canada'
Shopify has partnered with the federal government to launch a new initiative called Go Digital Canada, aimed to bring more Canadian small businesses online and support them in the new era of digital transformation brought about by the COVID-19 pandemic.
While online sales are booming many retailers are on the ropes
Retailers often use the more lucrative in-store sales to subsidize hefty e-commerce costs, ranging from marketing to fulfillment and shipping. Companies don't usually break out those expenses, which of late have been overshadowed by massive write-downs for unsold inventory and lower online profits.
Ocado to build 'mini-warehouse' for Kroger
With favorable trading conditions at home and opportunities abroad, Ocado has still its work cut out to meet soaring expectations.
Singapore's Marina Square Mall goes online with Alibaba
Marina Square Shopping Mall -- nestled among luxury hotels and popular tourist attractions in central Singapore -- is taking more than 30 of its tenants online with Lazada, the Southeast Asian unit of Alibaba Group Holding Ltd. It’s the first shopping center in the city-state to create a mini virtual replica of its physical mall.
Walmart leads $1.2 billion investment in India’s Flipkart
The American retail group said the fresh capital would help Flipkart, which was valued at $20.8 billion two years ago, further grow its e-commerce marketplace in India as the world’s second largest internet market begins to recover from Covid-19 crisis. A group of other existing investors also participated in the new financing round, a Flipkart spokesperson told TechCrunch but declined to identify them individually.
Time for the Ocado Robots to Deliver the Goods
Ocado has always argued that its model, which generates economies of scale as orders are fulfilled in its huge robotic warehouses, is more profitable than supermarket employees plucking flour and toilet paper from shelves. The evidence supports that, with Ebitda (a measure of profit) in retail almost doubling to 46 million pounds ($58 million). But Ocado’s shortage of capacity prevented it from fully capturing demand, which was worth five times more in terms of revenue at the peak of the crisis.
Ocado CEO Points to Micro-Fulfillment and Smaller CFCs
Ocado recently raised £1bn in new equity and debt to help finance the rollout of its distribution centres — two of which opened in the first half — and is hiring hundreds of technical staff.
Companies that have licensed Ocado’s technology, including Kroger in the US, Aeon in Japan and Groupe Casino in France, “want to do more in ecommerce”, according to Mr Steiner.
“They want more new sheds, they want the CFCs (customer fulfilment centres) they have already committed to be scaling faster, and they’re also interested in different types of shed and store-pick capabilities,” he said.
Zappos tries something new: sell 1 shoe instead of 2
Zappos is trying out new ways to sell shoes: allow shoppers to buy a single shoe at a time or purchase a pair in two different sizes.
The tests, which started Tuesday, are aimed at amputees, those with differing foot sizes and others who have been left out by the footwear industry, which has sold shoes in pairs and in the same size for decades.
Amazon Announces New Warehouse Limits Due To Virus Surge
Amazon will be restricting its storage capacities in warehouses as the coronavirus continues to surge and the holidays are still ahead, a company blog post states.
US Consumers spent $368.8 billion online in first half of 2020
A new report from Adobe, found that compared to pre-pandemic sales for the period starting March 1, online transactions were $77 billion higher than expected, with ecommerce levels tracking higher than holiday shopping levels (November and December). The first six months of 2020 have driven $368.8 billion in online spend.
Ocado has 1 million customers waiting to join its online grocery service
Ocado has 1 million customers waiting to join its online grocery service after struggling to cope with a surge in demand during the coronavirus pandemic.
Amazon’s new smart shopping cart lets you check out without a cashier
Amazon is expanding its real-world footprint with another unconventional physical product: a shopping cart. While it certainly looks like an aesthetic upgrade to your standard grocery store cart, the Dash Cart, as it’s called, is in fact a smart version of the tried-and-true food transport vehicle.
Can Walmart+ take on Amazon Prime?
Amazon Prime, with its approximately 150 million members worldwide, is going to be nearly impossible to unseat as the leader. However, Walmart does have one key advantage over Amazon, and it's leveraging it in Walmart+.
Amazon leads in customer satisfaction among online grocery shoppers
Amazon leads in customer satisfaction among online grocery shoppers, while traditional supermarkets have seen the biggest gain in online shopping use versus a year ago, according to the 2020 U.S. Online & In-Store Grocery Shopping Study from Retail Feedback Group (RFG).
The Online Grocer Wave and the COVID Accelerant
An article published by McKinsey & Company before coronavirus became pandemic outlined the trend and mentioned the 3.5% of grocery sales that was online would rise to 10% by 2020. What a difference a few months can make.
Amazon begins rolling out bigger UPS and FedEx-style delivery trucks
The world's largest online retailer ordered more than 2,200 heavy-duty Utilimaster "walk-in" delivery trucks from Shyft Group <SHYF.O>, a Michigan-based specialty vehicle company, an Amazon spokeswoman told Reuters. The company declined to say how many of the vehicles have been sent to Amazon delivery contractors, or where they would be deployed.