Amazon rolls out plan to develop delivery robot technology in Finland

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Tech giant Amazon plans to develop delivery robot technology, with the company expanding its operations in Finland. The company is making changes to strengthen its operations in Helsinki.

Amazon to develop new delivery technology in Helsinki

Amazon has announced that it will develop delivery robot technology for its autonomous delivery vehicles in Helsinki, Finland. The retail giant announced it in a blog post earlier today.

According to the blog post, Amazon is establishing a new “Development Center” to support Amazon Scout. The Amazon Scout is a fully electric, autonomous delivery robot that the company is testing at four locations in the United States.

The company said it would start by deploying two dozen engineers to the Amazon Scouting Development Center in Helsinki. The engineering team would focus on research and development. They will be responsible for developing 3D software that simulates the complexity of real life. This is to ensure that Scout can navigate the neighborhoods easily and safely while making deliveries.

“The Amazon Scout team in Helsinki will grow over time. We are now hiring engineers at the forefront of robotics and autonomous systems technology ”, the company said.

Amazon continues to dominate the e-commerce industry

The tech giant is one of the world’s leading retailers. His performances over the past year, especially during the coronavirus pandemic, have made him even stronger. A recent analysis from JPMorgan estimates that Amazon will overtake Walmart to become the number one retail outlet in the United States.

Amazon controls 51.2% of all e-commerce retail activity in the United States, while Walmart only accounts for 5.6%. In the general sector, Walmart leads with a 9.2% control, while Amazon accounts for 8.9% of all retail sales in the United States.

AMZN stock chart. Source: FXEMPIRE

With the development of technologies such as delivery robots, Amazon will make it easier to deliver goods to its customers. As more and more people feel comfortable ordering products online, Amazon’s market share may continue to increase in the months and years to come.

Amazon’s stock price fell less than 1% today. However, it continues to trade above the $ 3,400 region.

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