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I own a house in Bentonville, Arkanasas. I now live in Denver, but owning a property in Walmart's company town means I always pay careful attention to retail d
by JPKab 10y ago
I own a house in Bentonville, Arkanasas. I now live in Denver, but owning a property in Walmart's company town means I always pay careful attention to retail developments that threaten Walmart.
I know a lot about the various retail companies and how effective they are with technology. Anyone that thinks Target is going to do anything effective in this space doesn't understand how god-awful their entire logistics/supply chain is. It's legendarily bad.
Amazon is another story. And this particular technology is something that can destroy Walmart, eventually. I'll be watching this very closely, because if I see enough headway being made I'll be selling my house before the disaster hits the market there.
Honestly though, groceries and CPG are HARD. I suspect that Amazon has simply thought about cost-savings from having minimal staffing in a store and used it to justify the insane capital costs of an RFID tag on every item and the scanners/camera/compute needed to operate the Go store.
What's always so funny to me is how the millennial generation in general has a hugely negative view of Walmart for paying poorly and destroying small businesses, while having a positive view of Amazon. In this case, Amazon will continue to do what it's been doing (destroying businesses) while paying nothing, because it's automating away a huge segment of work. I'm not saying this is a bad thing, but it's definitely going to happen, and like self-driving vehicles, this is going to disrupt society big time.
- TulliusCicero 10y ago> What's always so funny to me is how the millennial generation in general has a hugely negative view of Walmart for paying poorly and destroying small businesses, while having a positive view of Amazon. The difference is that while both may offer low prices while destroying small businesses, the customer experience on Amazon is great while the customer experience at Walmart sucks.
- petra 10y ago>>Amazon is another story. And this particular technology is something that can destroy Walmart, eventually. It's a nice innovation, but it does almost nothing with regards to competing on price with Walmart. And with the self checkouts, checking out isn't even that big of a deal. So i don't see how it's going to affect Walmart.