Amazon launches innovation fund for logistics robotics development

To help drive innovation in the sector, Amazon has launched a US $1 billion investment programme called the Amazon Industrial Investment Fund. This is to be used to “spur supply chain, fulfilment and logistics innovation,” with a major focus on automation and workplace robotics.

The move is in response to changing consumer habits and expectations. E-commerce is booming and customers have greater expectation around delivery times and online experiences. The innovation fund is to help improve these aspects as well as improving the experience of employees working in warehousing and logistics.

“We see an opportunity to look beyond our own experience and empower companies that are developing emerging technologies in customer fulfilment operations, logistics, and the supply chain,” said Alex Ceballos Encarnacion, Amazon’s vice president of worldwide corporate development. “We’re excited to help advance these technologies as online shopping becomes even more important to people who are looking for more convenience and time savings. 

“With our scale, Amazon is committed to investing in companies that will ignite innovation in emerging technologies that can help improve employee experiences and safety while seamlessly coexisting with workforces across the supply chain, logistics, and other industries,” he added. 

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