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Karen Weise

๐Ÿ‘ค Speaker
219 total appearances

Appearances Over Time

Podcast Appearances

The Daily
Amazon's Robot Takeover

And then also on price, that the more efficient they become, the lower their costs.

The Daily
Amazon's Robot Takeover

And so they start...

The Daily
Amazon's Robot Takeover

building more and more warehouses around the country.

The Daily
Amazon's Robot Takeover

And it starts creating this, they call it a flywheel, their kind of tech term, that the faster things come, the cheaper the prices are, the bigger the variety they have, the more people buy.

The Daily
Amazon's Robot Takeover

And that keeps kind of spinning up and up and people become more and more loyal to Amazon and

The Daily
Amazon's Robot Takeover

And all of a sudden, you have a company that has become a major force, a transformative force in the whole warehousing industry and delivery industry.

The Daily
Amazon's Robot Takeover

And they basically create it in many ways.

The Daily
Amazon's Robot Takeover

It's not that there aren't other e-commerce companies.

The Daily
Amazon's Robot Takeover

But the operations become the heart of what Amazon does behind the scenes.

The Daily
Amazon's Robot Takeover

And they know that when you see, we can get this to you in two days, you are more likely to buy it.

The Daily
Amazon's Robot Takeover

They start opening warehouses closer to pretty much every major city.

The Daily
Amazon's Robot Takeover

And all of that creates more jobs and more work because people are buying more from Amazon.

The Daily
Amazon's Robot Takeover

The biggest investment was in 2012.

The Daily
Amazon's Robot Takeover

They bought a company called Kiva.

The Daily
Amazon's Robot Takeover

And what Kiva did is these little robots that are like a large hockey puck, and they pick up towers of inventory, and they move them to a worker.

The Daily
Amazon's Robot Takeover

And it cut out a lot of the walking in a warehouse.

The Daily
Amazon's Robot Takeover

You used to walk back and forth across all the aisles to pick the products.

The Daily
Amazon's Robot Takeover

And that's

The Daily
Amazon's Robot Takeover

annoying work for a lot of people, it's exhausting, and also it's very slow and time-consuming.

The Daily
Amazon's Robot Takeover

And so by bringing the products to the people, to the pickers, they could start getting a much higher efficiency out of the labor force.