Amazon.com announces purchase of Kiva Systems Inc. for $ 775 million. This company will automate the logistics of the largest online store using robotics.
Kiva Systems is creating automatic devices that move around the warehouse and move containers with goods, which allows retailers to quickly perform online orders and reduce staffing.
Initially, Amazon relied on fast and cheap delivery of a very large assortment of goods, which forced the company to keep large warehouses in the US and Europe. Last year alone, the giant spent about $ 4.6 billion on warehouse management, which was the largest item of its expenses (approximately 9.5% of annual sales).