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Amazon reports record profits in last quarter of 2020 According to Amazon’s latest financial disclosures, the giant international conglomerate recorded unprecedented profits and revenue in the last three months of 2020, as the pandemic sent its sales soaring, and the company continued expanding its operations around the globe. In these disclosures, made available last month, Amazon reported a fourth-quarter profit of $7.2 billion, more than double what was expected by analysts. This raised its 2020 full-year profits to $21.3 billion, the highest level in company history. This compared to $1...

Your pizza could be delivered by robot if this Indiana bill becomes law Ethan May, Indianapolis Star Replay Video UP NEXT Your latest online purchase could show up on your doorstep in a robot if House Bill 1072 becomes law. The bill written by Rep. Holli Sullivan, R-Evansville, opens the door to autonomous delivery robots if companies meet certain requirements. The technology, referred to in the bill as a "personal delivery device," has already become a staple on campus at Purdue University, and representatives from both FedEx and Amazon spoke in favor of the bill. © Rober...

Britt Spencer As the pandemic has revealed, while global trade worked well when trade routes were running smoothly, disruptions to them can lead to chaos. In a 2018 report on the future of food supply chains, for example, the consultancy ARUP found that only eight per cent of companies in the sector believed that they had a genuinely agile supply chain that could respond to disruption quickly. In 2021, we will see the long supply chains and just-in-time principles of manufacturing and retail turned on their heads. And, as global supply chains continue to be disrupted by the pandemic, we will...

Driverless trucks coming in 2021; here’s all you need to know IANS San Francisco: Taking its autonomous vehicle pilot with a startup called Gatik to the next level, retail giant Walmart is now planning to start deliveries with driverless truck in the US state Arkansas starting next year. “This achievement marks a new milestone that signifies the first ever driverless operation carried out on the supply chain middle mile for both Gatik and Walmart,” Tom Ward, Senior Vice President of Customer Product, Walmart US, said in a statement on Tuesday. The move comes after Walmart...

Taking its autonomous vehicle pilot with a startup called Gatik to the next level, retail giant Walmart is now planning to start deliveries with driverless truck in the US state Arkansas starting next year. "This achievement marks a new milestone that signifies the first ever driverless operation carried out on the supply chain middle mile for both Gatik and Walmart," Tom Ward, Senior Vice President of Customer Product, Walmart US, said in a statement on Tuesday. The move comes after Walmart last year began an autonomous vehicle pilot with Gatik to move customer orders on a two-mile route ...