Amazon’s dominance in the world of online groceries may soon come to an end.
The Economist says Ocado, a British online grocery delivery company, could very well be Amazon’s strong challenger with its efficient use of robots and artificial intelligence (AI).
Ocado’s assembly area in Southern England called the CFC or Customer Fulfilment Centre is the size of three football pitches that swarm with 700 robots running on a unique grid system called the Hive.
The washing machine-sized robots criss cross the CFC as they assemble grocery items placed online by customers.
Over 65,000 orders a week are processed here.
Recently, Ocado sold its technology to Kroger, America’s biggest supermarket. Kroger plans to build 20 CFCs across the U.S.
Because of this development, Ocado’s share price soared by 50 percent, raising the value of the company to $7.6B.
Ocado also sold its technology to four other supermarkets across Europe and Canada.
But that’s not all. Ocado’s artificial intelligence technology and automation continue to grow.
Outside London, Ocado is building its biggest CFC with 3,500 robots that can process 200,000 grocery orders per week.
Given Ocado’s expansion and growing popularity, should Amazon now be worried?
Ocado, a British online-grocery company, is using air-traffic-control systems and AI technology to co-ordinate 700 factory robots. Its use of technology has made it a challenger to Amazon’s grocery-delivery business
Posted by The Economist on Saturday, 6 October 2018