Top 7 Consumer Goods Companies Analysts Love

The consumer goods field is a cutthroat, competitive one as players have to juggle long-term business growth with short-term shareholder value. Nevertheless, analysts are touting these key consumer goods companies that are on the rise!

By clicking the link above you will automatically opt-in to receive emails from ActivaTrade

America's Final Republican President

Amazon removed Just Walk Out from many of its own stores but wants to sell the system to others

HALELUYA HADERO
April 17, 2024

NEW YORK (AP) -- Amazon wants the public and - especially other businesses - to know it's not giving up on its Just Walk Out technology.

Although the company is ditching the cashier-less checkout system at its Amazon Fresh grocery stores, it plans to sell the technology to more than 120 third-party businesses by the end of the year. Reaching that goal would double the number of non-Amazon enterprises that use Just Walk Out compared to last year.

"For us, really making sure that we can service that third-party market is the most important thing," Jon Jenkins, the vice president of Just Walk Out at Amazon, said in an interview. "We've definitely been reassuring people that we are in this for the long haul."

Just Walk Out uses cameras, artificial intelligence and sensor trackers to determine what's taken off of shelves, enabling customers to grab what they want and leave if they insert a credit card or another payment method at a store's entry gate.

The retailer first began offering the technology to other businesses - such as sports stadiums - in 2020, two years after it started using it at Amazon Go convenience stores. Those stores and some Amazon Fresh stores in the U.K. will continue to offer Just Walk Out. But the technology will be replaced with smart carts at Fresh stores in the U.S., Amazon announced this month.

Smart carts, which are already available in some Amazon Fresh locations, use sensors to identify items placed inside and have screens that allow customers to see nearby deals as well as how much their groceries will cost. Customers can skip the checkout line by scanning and tallying up items on its cameras.

The change comes as Amazon is working to revamp its Fresh stores with a mix of technology and traditional grocery offerings that will help it attract more customers. The company's grocery store brands include Amazon Fresh and Amazon Go, as well as supermarket chain Whole Foods, which it purchased in 2017 for $13.7 billion.

But Amazon's efforts to become a giant in the U.S. grocery market hasn't been easy. Early last year, CEO Andy Jassy wrote in his annual letter to shareholders that the company was working to find the formula that would allow it to make a larger impact in brick-and-mortar grocery stores.

Jenkins argued that removing Just Walk Out from U.S. Amazon Fresh stores did not reflect a miscalculation by the company. Instead, he described the decision as an outgrowth of an experimentation process to figure out what does and doesn't work for shoppers.

"What we found is customers in big grocery stores want a shopping assistant to travel along with them," he said. Meanwhile, "shoppers in smaller store formats tend to be very mission driven. They want to get in and out quickly, with as little friction as possible."

Abandoning the technology in many of its own stores could make it challenging for Amazon to sell Just Walk Out to other businesses. But some experts think the move also could expand adoption among smaller-format stores and locations akin to Amazon Go stores.

John Clear, a senior director at the professional services firm Alvarez & Marsal, says he believes cashier-less technology is going to become more common in grab-and-go shopping areas where human interaction tends to be limited, labor is hard to come by and businesses are almost always attempting to cut down on costs.

"We're seeing a natural evolution of the technology, kind of expanding where it's working" and drawing back where it's not, Clear said.

In its attempt to sell its technology to other businesses, Amazon is also trying to counter some recent viral social media posts that claimed the checkout system was not a technological marvel but was instead powered by contractors in India who manually added up items in carts as customers shopped.

Business publication The Information and news website Vox reported in the past that Amazon used human reviewers for the technology, which the company has acknowledged. Jenkins said the company hires associates who take some video clips and label them so they can be used to train the machine learning system.

But the notion "people in India are watching you shop live in a store and figuring out what you bought is completely inaccurate," he said.

In some cases, when the system was not able to figure out what happened in a store, a human watches a snippet of video to make sure the receipt a customer received was accurate, Jenkins added. Such reviews happen in a "small minority" of cases, he said, declining to give an estimate.

Jenkins also declined to share how many people the company has hired to review and label videos. However, he said it was less than the 1,000 figure cited in media reports.

Continue Reading...

Popular

G7 nations commit to phasing out coal by 2035 but leave room to extend that deadline

MILAN (AP) — Energy and environment ministers of the Group of Seven leading industrialized nations committed Tuesday to phase out coal power by 2035, marking the first time the G7 has explicitly referenced a phase-out, but left flexibility for countries heavily reliant on coal.

Asia Up, Europe Mixed, While Yen Surges Against Dollar - Global Markets Today While US Slept

US stock markets closed higher, driven by strong earnings and mild inflation data. Asian markets also gained, while eurozone and oil prices dipped.

A.I. Pioneer Issues Urgent Warning to Americans - Ad

According to one early A.I. pioneer: "You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There's no middle option."

Binance founder Changpeng Zhao faces sentencing; US seeks 3-year term for allowing money laundering

SEATTLE (AP) — Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, faces sentencing Tuesday in a Seattle courtroom, where U.S. prosecutors are asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform.

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

The deadline to consolidate some student loans to receive forgiveness is here. Here's what to know

NEW YORK (AP) — Borrowers with some types of have until today to consolidate their loans to qualify for full or credit toward cancellation. The Education Department is expected to conduct a one-time adjustment in the summer but borrowers who want to be considered for the adjustment have to submit a request to consolidate their loans by Tuesday.

Nigerians struggle with fuel shortages as queues form across major cities

ABUJA, Nigeria (AP) — Nigerians were queuing for hours to buy fuel across major cities on Tuesday as the West African nation struggled with its latest fuel shortage, causing more hardship for millions already struggling in an economic crisis.

Legendary Stockpicker: "Buy This A.I. Stock NOW" - Ad

His award-winning system pinpointed NVDA and META before both stocks doubled. Now it's flashing "BUY" on this under-the-radar A.I. stock.

Top 3 Tech Stocks That May Explode This Month

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Elon Musk Debunks Tucker Carlson's Alien Theory, SCOTUS On Trump's Immunity, North Korea's Military Pledge And More: This Week In Politics

The week was filled with intriguing stories, from Elon Musk's dismissal of alien theories to the U.S. Supreme Court's deliberation on former President Donald Trump's immunity claims.

Move Over Nvidia: Experts Bullish On Intel's AI Chip, Predict Surge In These Three Global Stocks

Charlie Chan and his team at Morgan Stanley forecast that the total Gaudi shipment volume could hit 300-400k units in 2025, generating $2-3bn revenue for Intel.

Biden's Closed-Door AI Meeting - Ad

Things are moving so fast, President Biden just met with 8 of the top AI experts in the world to figure out how to regulate it. And this small-cap is at the center of this AI-biotech revolution.

Jim Cramer Explains What Could Trigger Further Market Decline: 'If You Want To Get Out, Go Ahead ...'

CNBC host Jim Cramer has outlined potential factors that could lead to further market decline, advising investors to be cautious about their buying and selling decisions.

Walmart to close its 51 health centers, virtual care service

Walmart is closing its health centers and virtual care service as the retail giant has struggled to find success with the offerings.

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

Hochul announces budget outline as lawmakers continue to hash out details

ALBANY, N.Y. (AP) — New York Gov. Kathy Hochul on Monday announced the framework of a $237 billion that includes broad plans to drive new housing construction, address the influx of migrants and crack down on .

NOT Bitcoin or Options... But Already Making Folks Rich in 2024 - Ad

Former Goldman Sachs Trader Dr. David Eifrig just stepped forward with a way to protect your money this November -- no matter who wins the presidential seat. In fact, election chaos will likely make this even better. It's a "secret" of the rich and connected that 99% of folks don't know about...

Southwest Airlines is considering changes to its quirky boarding and seating practices

DALLAS (AP) — Southwest Airlines is studying changes to its quirky boarding and seating policies as it searches for ways to .

NY AG Letitia James Seeks To Void Trump's $175M Bond In Civil Fraud Case

The New York Attorney General Letitia James' office has moved to invalidate the $175 million bond secured by former President Donald Trump.

Why James Altucher SOLD All His Bitcoin - Ad

Crypto genius James Altucher has been praising Bitcoin since it was trading for $61. But now he's buying another coin like crazy... and it's not Bitcoin!

Cathie Wood's Ark Invest Sells $20M+ Coinbase Shares As Bitcoin Trades Over $70K, Buys Palantir, Sells Nvidia Stock

On Thursday, Cathie Wood’s Ark Invest made significant trades involving Coinbase Global, Inc. (NASDAQ:COIN), Palantir Technologies Inc. (NYSE:PLTR), and Nvidia Corp.

CRITICAL May 1st Warning - Ad

Jason Bodner is going public today with an urgent new warning. He believes the most popular investment of 2024 is set to pop... And it could all start just days from now. This has NOTHING to do with A.I. stocks... It has NOTHING to do with crypto currency... And it has NOTHING to do with high-flying tech stocks. Instead, this corner of the market you likely have cash parked in has swelled to nearly $6 trillion.

Bitcoin's Short-Term Holder Realized Price At $59,800; Analyst Says Falling Below This Could Trigger Notable 'Price Corrections'

Bitcoin (CRYPTO: BTC) has seen its short-term holder realized price at $59,800, which could potentially lead to a significant correction in its price, according to a prominent crypto analyst.

Election Shock on August 19th? - Ad

In less than 258 days, I expect the biggest presidential election shock since 1968. Forget about Donald Trump... And forget about Joe Biden... Instead, I believe the unexpected is barreling toward America. And I believe the aftermath will transform this country forever.

Jim Cramer Turns Bullish On Palantir: 'Make A Move And Buy Some'

CNBC’s “Mad Money” host Jim Cramer has given a thumbs up to Palantir Technologies Inc. (NYSE:PLTR), sparking interest among investors.

Rooting for Trump to fail has made his stock shorters millions

NEW YORK (AP) — Rooting for Donald Trump to fail has rarely been this profitable.

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

If O.J. Simpson's assets go to court, Goldman, Brown families could be first in line

LOS ANGELES (AP) — without having paid the lion’s share of the $33.5 million judgment a California civil jury awarded to the families of his ex-wife Nicole Brown Simpson and her friend .

Oil sprays from an ANA flight carrying 213 people as it lands in northern Japan

TOKYO (AP) — Oil sprayed from an All Nippon Airways plane as it landed Wednesday at Shin Chitose airport in northern Japan, but none of the 213 people on board was injured, officials said.

See This Before This Week's Fed Meeting - Ad

Doc Eifrig just released a new video detailing "the perilous moment Americans are in right now." Angry voters, mounting government debt, and blood in the streets... But he's got a way out -- a unique way to come out on top no matter who wins this presidential election. (Last time we shared this, it led to a 995% gain.)

Tesla's FSD Nod Win Seen As Move To 'Smooth Over Chinese EV's Entry Into The US Market' Says Redditor

Tesla's FSD milestone in China sparks discussions among investors and enthusiasts, leading to a 10% premarket spike in stock price. Seen as a strategic win, but impact on global EV market and stock remains uncertain.

Did This Crypto Millionaire Humiliate Himself? - Ad

On September 2022, crypto millionaire James Altucher published a video saying he had sold all his Bitcoin... and doubled down on this crypto instead. At the time, cryptos had already dropped 70%. But James still said this crypto was a good investment. Was he right? Or did he embarrass himself?

More cows are being tested and tracked for bird flu. Here's what that means

U.S. health and agriculture officials are and tracking of bird flu in dairy cows in an urgent effort to understand — and stop — the growing outbreak.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service