It might put neighborhood watchers and dogs on red alert, but U.S. tech titan Amazon (AMZN) is reportedly working on robot delivery workers that can “spring” out of vans and up your driveway.
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The news helped power up its share price by 2% in early trading.
Humanoid Park
According to a report in The Information, Amazon is working on software for humanoid robots to help deliver parcels to homes and businesses using its EV-powered Rivian (RVN) vans.
Amazon is said to be building a so-called humanoid park in the U.S. the size of a coffee shop to test out the robots. It consists of an indoor obstacle course to help train the robots. There is no information on whether the robots will be wearing shorts or leave the van doors open blasting out music.
Amazon has placed one of its 20,000 Rivian vans in the humanoid testing zone, according to the report. Once the testing in the park has been completed, the robots will undergo trials in the real world to see how effective they are. One benefit could be improved productivity and efficiency.
There will still be a role for the human worker, although it may be confined to driving the van to the various destinations on the delivery route or splitting up the workload.
Robotic Savings
Although that could all change in the future given the focus Amazon is giving its Zoox self-driving vehicles unit.
Amazon has worked out other robot schemes; however, these have usually been confined to its warehouses, helping load and unload packages.
Amazon has deployed more than 20 types of robots and operates a fleet of over 750,000 units. This is expected to grow given advancements in technology and operational results.
The new 12th-generation fulfillment centers – equipped with 10 times more robots – are expected to reduce peak period service costs by 25%.
Is AMZN a Good Stock to Buy Now?
On TipRanks, AMZN has a Strong Buy consensus based on 47 Buy and 1 Hold rating. Its highest price target is $305. AMZN stock’s consensus price target is $241.64 implying an 14.31% upside.
See more AMZN analyst ratings.
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