electronic Global Trade Credit Platform/eGTCP's Blog: Amazon Go: A Game Changer for Retail's World?

How would you feel if you were told that you could buy things with no lines and no checkout? Amazon are testing a grocery store in Seattle, which called Amazon Go, lets customers walk in, grab food from the shelves and walk out again.

Amazon push the boundaries of computer vision and machine learning to create a store where customers could simply take what they want and go.

image from internet

Amazon explains how does it work:

Our checkout-free shopping experience is made possible by the same types of technologies used in self-driving cars: computer vision, sensor fusion, and deep learning.

Our Just Walk Out technology automatically detects when products are taken from or returned to the shelves and keeps track of them in a virtual cart. When you’re done shopping, you can just leave the store. Shortly after, we’ll charge your Amazon account and send you a receipt.

The Seattle-based company calls it, "Just walk out technology."

Maybe some are worried about the loss of human interaction both at store counters and at checkout, but seriously – how many of us still shop in local food stores?

Commentator Lance Ulanoff gives an interesting point of view of it :

Someone mentioned that Amazon Go is a brick-and-mortar play. Even if the company does build 2,000 stores, that’s not the play (I'm betting we get more like a 100 in 2017). Amazon’s interest has been and always will be customer data. The more it can collect, the better it can know you and anticipate your needs. The more you shop at Amazon Go, the more Amazon will understand your weekly grocery cadence. Eventually, Amazon’s Alexa digital assistant will be telling you when you need milk, butter, sugar and even suggesting full weekly meal plans based on past purchases.

The other reason Amazon might be interested in building all those stores is that stocking and delivering food is harder than the books, back scratchers and Blu-rays Amazon typically sells. With groceries, inventory is perishable, and overstocking can lead to huge loss. Storing groceries is also more expensive (all that refrigeration). Distributing it to stores where you pick up the product and help them manage inventories in real-time makes more sense for a food-service.

This may be Amazon’s best consumer idea yet. It’ll be a game-changer for them and a life-saver for us. Bring it on and, please, leave drone delivery behind.

The e-commerce giant has been steadily expanding its bookstores in cities in the U.S., obviously. What’s the global e-commerce platform? Click www.egtcp.com to enjoy shopping no lines and no checkout! What’s more, neither asset-based nor collateral of the $100,000 credit line!