The summit was hosted by Alphabet's R&D lab X and smart city subsidiary Sidewalk Infrastructure Partners. According to attendees cited by CNBC, Alphabet representatives seemed mostly interested in predictive analytics. However, the summit also covered order fulfillment, package tracking, Bluetooth usage, and drone delivery.
Alphabet is likely looking to expand its logistics offerings to claim a share of the fast-growing e-commerce market. E-commerce sales are expected to generate $5 trillion globally on an annual basis by 2021, up from an estimated $3.5 trillion in 2019, As the e-commerce market grows, logistics companies and retailers have been strained to fulfill orders in a timely manner, spurring them to turn to technology for assistance.
Drones: Alphabet's drone delivery subsidiary Wing can help retailers and logistics providers offer innovative last-mile delivery solutions. Wing's drones — in commercial use with FedEx and Walgreens in Christiansburg, Virginia — deliver two- to three-pound packages to customers' doorsteps, sometimes within minutes.
Routing data: Sidewalk Infrastructure Partners can give retailers and logistics providers access to a host of data to improve last-mile delivery in cities. Data points from smart cities can be used to identify potential delivery barriers, such as heavy traffic or accidents, and enable trucks to reroute to avoid delays.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google parent company Alphabet held a secret 'logistics summit' last week with reps from FedEx and other shipping companiesThe Alphabet Advanced Logistics Summit was hosted by Alphabet's research and development unit, X, and Sidewalk Infrastructure Partners. The objective was to explore business models and investment opportunities in logistics and fulfillment.
Source: CNBC - 🏆 12. / 72 Read more »
Bernie Sanders says no immediate funding plan for Medicare for All - Business InsiderSanders said in a CNBC interview that 'I don't think I have to' release details specifying how universal healthcare coverage would be paid for. Bernie destroys his credibility and candidacy once more. Ewarren headed for same unless she explains her HealthCare plan. Of course he’s not releasing anything because he is politician who has nothing but the motherhood statements people hated about HillaryClinton leadings to realDonaldTrump’s victory.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Alphabet earnings dented by spending on cloud businessAlphabet Inc.’s quarterly earnings were dented by heavy investment in Google’s cloud-computing business, which is key to future growth but still runs a distant third in the market behind Amazon.com Inc. and Microsoft Corp. These investments will pay off later into the cycle where many others may fail. Please permit me who writes it selfishly. Prime Minister Abe doesn't regret Japanese history. Prime Minister Abe's spirit is changed by the dangerous organization. Prime Minister Abe operates information using Japanese media. Japan people don't believe Prime Minister Abe's word.
Source: latimes - 🏆 11. / 82 Read more »
Chile stocks slammed after canceled APEC summit, protests highlight rising risks in emerging marketsChile's surprise cancellation of a summit of world leaders highlights just how serious anti-government protests have become in the country.
Source: CNBC - 🏆 12. / 72 Read more »
Facebook's business is running 'almost flawlessly': analysts - Business InsiderIgnore all the scandals and negative headlines — Facebook is still an extraordinarily successful cash-printing machine. It's a private company, people always tend to forget that. $elling it's customers data is a good business, especially since the customers GIVE it away for a few likes. F'n hilarious !!! 😂😂😂😂 Yeah but how many users did they lose besides me?
Source: BusinessInsider - 🏆 729. / 51 Read more »