1 big thing: The robots of Black Friday
Look out for the first of the retail robots as you shop this year, Axios' Erica Pandey reports.
Why it matters: From machines that can restock shelves to robot deliverers, automation is creeping into the retail industry.
- The first-ever cargo-carrying robot for consumers comes from Italian company Piaggio. The robot is similar to the delivery bots that FedEx and Amazon have been testing, but it can be yours for a few thousand bucks, AP reports.
Between the lines: On top of the more than 15 million Americans who work in retail year-round, companies routinely hire hundreds of thousands of temporary workers to staff stores and warehouses during big shopping days like Black Friday and Cyber Monday.
- The development of more — and smarter — retail robots puts those jobs at risk.
Piaggio is marketing the robot as a seamless way to lug your groceries or shopping bags around a city. But the company will have to find other uses for the bot to make money off of it, analysts tell AP.
- It's not clear how big the market is for a super-expensive grocery-carrying robot, but the machine could potentially be used to move inventory around in a warehouse or medical supplies in a hospital.
The big picture: This new bot joins dozens of others in the retail industry.
- Tally, a robot developed by Silicon Valley's Simbe Robotics, is already starting to pop up in store aisles.
Go deeper: A crisis for retail jobs
Bonus: Pic du jour
Pope Francis waves from the popemobile as he drives around Tokyo Dome before conducting Mass on the third day of his four-day visit to Japan.
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