Retail in Asia

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It’s the age of the robots at Amazon

Last week Amazon, the online retailer, said it was buying a robot maker called Kiva Systems for USD775 million.

Before you get excited that Amazon may start offering a robot that can tuck you into bed at night and read Kindle books to you, this isn’t that kind of robot. Instead, Kiva Systems’ orange robots move around warehouses and stock shelves.

Or, as the company says on its website, using "hundreds of autonomous mobile robots", Kiva Systems "enables extremely fast cycle times with reduced labour requirements".

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(Source: scmp.com)