Angus Loten, October 26, 2021 The Wall Street Journal Seven months after launching its stand-alone e-commerce...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Angus Loten, October 26, 2021 The Wall Street Journal Seven months after launching its stand-alone e-commerce unit, Saks Fifth Avenue said Tuesday it has started shipping online orders from a high-tech Pennsylvania warehouse, deploying dozens of autonomous robots programmed to help workers find Giambattista Valli gowns and Christian Louboutin pumps. Over the past year, the luxury department-store chain joined a growing list of traditional retailers that ramped up e-commerce services and other digital capabilities during the Covid-19 pandemic, and have since been flooded by stay-at-home shoppers. "Advances in robotics, coupled with fast evolving Al and machine learning capabilities, have created exciting possibilities in automated warehouse design," Mr. Sakharkar, GxO's Chief Information Officer Sandeep Sakharkar said. Among other benefits, many of these advances enable fulfillment-center operators to boost efficiency and speed up deliveries. The National Retail Federation expects U.S. online and non-store sales this year to grow as much as 23% from 2020, to roughly $1.13 trillion, the trade group said in June. Questions: 1. Amazon is a prime example of a highly successful e- commerce business. Saks has been a successful brick and mortar store which in March spun off its e-commerce business into a separate entity. Do some research on luxury department stores chains. Do you think it is wise for Saks to push to grow this business? Why or why not? 2. Based upon this article and any other research you find, do you think the pairing of cobots (robots) with human employees is a good idea for Saks and why or why not. Why are they doing this? Angus Loten, October 26, 2021 The Wall Street Journal Seven months after launching its stand-alone e-commerce unit, Saks Fifth Avenue said Tuesday it has started shipping online orders from a high-tech Pennsylvania warehouse, deploying dozens of autonomous robots programmed to help workers find Giambattista Valli gowns and Christian Louboutin pumps. Over the past year, the luxury department-store chain joined a growing list of traditional retailers that ramped up e-commerce services and other digital capabilities during the Covid-19 pandemic, and have since been flooded by stay-at-home shoppers. "Advances in robotics, coupled with fast evolving Al and machine learning capabilities, have created exciting possibilities in automated warehouse design," Mr. Sakharkar, GxO's Chief Information Officer Sandeep Sakharkar said. Among other benefits, many of these advances enable fulfillment-center operators to boost efficiency and speed up deliveries. The National Retail Federation expects U.S. online and non-store sales this year to grow as much as 23% from 2020, to roughly $1.13 trillion, the trade group said in June. Questions: 1. Amazon is a prime example of a highly successful e- commerce business. Saks has been a successful brick and mortar store which in March spun off its e-commerce business into a separate entity. Do some research on luxury department stores chains. Do you think it is wise for Saks to push to grow this business? Why or why not? 2. Based upon this article and any other research you find, do you think the pairing of cobots (robots) with human employees is a good idea for Saks and why or why not. Why are they doing this?
Expert Answer:
Answer rating: 100% (QA)
1 Saks took the right move by improving its online presence The pandemic forced ma... View the full answer
Posted Date:
Students also viewed these business communication questions
-
The Wall Street Journal Digital Network Tuesday, May 10, 2011 by Matt Phillips and Randall Smith Citigroup Inc. became a $ 40 stock for the first time since late 2007, as its share price appeared to...
-
The Wall Street Journal reported, For more than ten year, IBM has quietly turned to Merrill Lynch & Co. and others to execute a rate financial maneuver that propped up the results of IBMs big leasing...
-
The June 8, 2009, edition of the Wall Street Journal has an article by JoAnn Lublin entitled Smart Balance Keeps Tight Focus on Creativity. Instructions Read the article and answer the following...
-
A sample of adults and teenagers were asked about the type of movies they like best. The collected data is grouped in the below table: Comedy Action Science Fiction Total Teenagers 40 60 50 150...
-
Lady Bug Express established a petty cash fund of $225 on August 1, 2015. On August 15, 2015, the petty cash fund was increased by $50. On August 31, 2015, the cash box contained $16 and receipts for...
-
During January 2011, Hexagon Company purchased 12,000 shares of the 200,000 outstanding common shares (no-par value) of Seven Corporation at $30 per share. This block of stock was purchased as a...
-
A square loop of side length \(100 \mathrm{~mm}\) is placed on a wooden table in a uniform magnetic field of magnitude \(0.25 \mathrm{~T}\). The greatest magnetic flux through the loop is measured...
-
Sid Davidson is the personnel director of Babson and Willcount, a company that specializes in consulting and research. One of the training programs that Sid is considering for the middle-level...
-
QUESTION TWO a) State and explain five monetary policy instruments used by the central bank to regulate interest rate, inflation rate, exchange rate and the quantity of money in the economy [15...
-
The decision maker wishes to maximize the total benefit associated with three activities X, Y, and Z. The price per unit of activities, X, Y, and Z is $1, $2, and $3 respectively. The following table...
-
Suppose a bank has an average asset duration of 3.78 years and an average liability duration of 2.14 years. Its liabilities amount to $100 million, while its assets total $120 million. Assume that...
-
This chapter discusses the use of job redesign to reduce turnover. Do you think this is feasible in this case? Why or why not? If so, how should the job be redesigned?
-
The Government Accountability Office Report Regulatory Coverage Generally Exists for Financial Planners, but Consumer Protection Issues Remain provides the most current overview licensing...
-
What are the various forms of virtual communication used in modern organizations?
-
How does one choose between communication methods and handle barriers to effective communication?
-
What are the issues surrounding smartphones, social media, and cybersecurity confronting modern organizations?
-
A heat pump absorbs 10 kW of heat from outside environment at 250 K while absorbing 15 kW of work. It delivers the heat to a room that must be kept warm at 300 K. The Coefficient of performance (COP)...
-
Kims Konstructions has assembled the following data for a proposed straw-reinforced brick maker (SRBM): SRBM Cost: $26,000 Life: 5 years Revenue (p.a.) $11,000 Operating Expenses (p.a.) $3,000...
-
A single-tank liquid-level system with inflow rate \(q_{i}\) as its input and liquid level \(h\) as its output is modeled as \(R A \dot{h}+g h=R q_{i}(t), h(0)=0\), where \(R, A, g=\) const. If the...
-
The mechanical system in Figure 8.37, where all parameter values are in consistent physical units, is subject to initial conditions \(x_{1}(0)=1, x_{2}(0)=1, \dot{x}_{1}(0)=-1, \dot{x}_{2}(0)=1\)....
-
Find the state vector via the formal-solution approach. \(\dot{\mathbf{x}}=\left[\begin{array}{cc}5 & 1 \\ -4 & 1\end{array} ight] \mathbf{x}+\left[\begin{array}{c}1 \\ -1\end{array} ight] u, \quad...
Study smarter with the SolutionInn App