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Stock impact report

Amazon Rolling Out Automated Packing Machines That Are 5X Faster Than Humans [zero hedge]

SHUTTERFLY (SFLY) 
Last shutterfly earnings: 8/7 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.shutterfly.com/investor-relations
Company Research Source: zero hedge
Amazon has been rolling out machines which automatically scans goods coming down a conveyer belt and boxes them for shipping, according to an exclusive report by Reuters, citing two people who worked on the project.  The 'latest and greatest' in automation will replace thousands of workers. After installing the technology in a "handful of warehouses," the company has considered installing the machines at dozens more - replacing at least 24 workers each at facilities which typically employ more than 2,000 people. The new machines, known as the CartonWrap from Italian firm CMC Srl, pack much faster than humans. They crank out 600 to 700 boxes per hour, or four to five times the rate of a human packer, the sources said. The machines require one person to load customer orders, another to stock cardboard and glue and a technician to fix jams on occasion. -ReutersDeployed across 55 US fulfillment centers for standard-sized inventory, this would mean more than 1,300 jobs gone, while Amazon w Show less Read more
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