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Amazon set up a $ 1 billion innovation fund! Who is preparing for?


According to reports, Amazon has recently announced that a $ 1 billion industrial innovation fund has been established for investment supply chain, order delivery and logistics. Since the acquisition of KIVA 10 years ago, Amazon has been using robotic technology and automation technology, and the new fund is established representing Amazon is actively preparing for faster delivery speeds that consumers need; further use technology to improve logistics Respond to the supply chain crisis.

The fund will invest in companies that can gradually increase delivery speed and improve warehouses and logistics workers. The Vice President of Global Enterprise Development, said that Amazon is committed to investing in companies that insist on innovation of emerging technologies, which focuses on wearable technology and robotics.