ROBOTS IN AISLE TWO: Supermarket Survival Means Matching Amazon
Bloomberg – Armed with algorithms, robotic warehouses and cashierless stores, Amazon.com Inc. is commonly seen as an existential threat to traditional grocers. In recent weeks alone, Amazon confirmed plans for a mainstream supermarket to complement its pricey Whole Foods Market chain, and the company plans to bring its automated checkout technology to full-size supermarkets.
It’s enough to make old-school grocers adopt the fetal position and brace for the retail apocalypse. They aren’t, of course. Animated by the threat and mindful that Amazon remains a tiny player in the $900 billion U.S. grocery market, they’re rushing to out-innovate the Seattle leviathan before it’s too late.