We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amazon Deploys Thermal Cameras in Warehouses for Worker Safety
Read MoreHide Full Article
Amazon (AMZN - Free Report) is making every effort to ensure the welfare of its workers amid the coronavirus-induced disruptions.
The incorporation of thermal cameras at its warehouses recently is a testament to the same.
Notably, the e-commerce giant is utilizing these cameras to accelerate the screening process of workers. These cameras require less time compared to manual forehead thermometers.
Apart from Los Angeles and Seattle, the company has set up the hardware for these cameras across six warehouses.
Further, the company is planning to implement these cameras at the Whole Foods Stores as well.
We believe all these efforts will favor the company in gaining confidence of workers, who have been protecting about the same.
Moreover, safe workers at its warehouses will help Amazon in meeting the increasing customer demand during this panic-shopping situation.
Strong Safety Measures for Workers
We note that Amazon is continuously making efforts to keep its workers safe from the highly contagious coronavirus.
Usage of thermal cameras is a noteworthy step as these cameras measure the heat emitted by people relative to their surroundings.
Apart from the latest move, it is reportedly building an in-house COVID-19 testing lab for which it has already started collecting and assembling equipments.
Further, Amazon is in talks with two medical companies — Abbott Laboratories and Thermo Fisher Scientific regarding ways to screen its warehouse workers and reduce the risk of COVID-19 infection.
In fact, Amazon is trying for a testing technique that can screen more than one worker at a time. Additionally, the company is aggressively looking into a deal with a medical organization to bolster its testing efforts.
Further, workers across the company’s U.S. and European warehouses will start receiving face masks and temperature checking instruments soon.
Furthermore, the company has piloted disinfectant fogging at its fulfillment centers, sortation centers and delivery stations.
All the abovementioned endeavours will aid the company in retaining its workers during this crisis, which is crucial at this point of time.
Amazon is leaving no stone unturned to mitigate the risk of spreading the coronavirus. Further, its growing endeavors toward serving the interests of workers, customers, sellers and workers remain major positives
These are likely to instill investor optimism in the stock amid this coronavirus-induced crisis.
Moreover, healthy workers base and aggressive retail strategies are likely to help the company in meeting the rising customers demand. . All these factors are expected to continue aiding Amazon in sustaining its dominant position in the e-commerce market despite the coronavirus scare.
Zacks Rank & Stocks to Consider
Currently, Amazon carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the retail-wholesale sector that can be considered are Stamps.com , Fiverr International (FVRR - Free Report) and eBay (EBAY - Free Report) . While Stamps.com sports a Zacks Rank #1 (Strong Buy), Fiverr and eBay carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Stamps.com, Fiverr and eBay is pegged at 15%, 44.18% and 11.56%, respectively.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
Image: Bigstock
Amazon Deploys Thermal Cameras in Warehouses for Worker Safety
Amazon (AMZN - Free Report) is making every effort to ensure the welfare of its workers amid the coronavirus-induced disruptions.
The incorporation of thermal cameras at its warehouses recently is a testament to the same.
Notably, the e-commerce giant is utilizing these cameras to accelerate the screening process of workers. These cameras require less time compared to manual forehead thermometers.
Apart from Los Angeles and Seattle, the company has set up the hardware for these cameras across six warehouses.
Further, the company is planning to implement these cameras at the Whole Foods Stores as well.
We believe all these efforts will favor the company in gaining confidence of workers, who have been protecting about the same.
Moreover, safe workers at its warehouses will help Amazon in meeting the increasing customer demand during this panic-shopping situation.
Strong Safety Measures for Workers
We note that Amazon is continuously making efforts to keep its workers safe from the highly contagious coronavirus.
Usage of thermal cameras is a noteworthy step as these cameras measure the heat emitted by people relative to their surroundings.
Apart from the latest move, it is reportedly building an in-house COVID-19 testing lab for which it has already started collecting and assembling equipments.
Further, Amazon is in talks with two medical companies — Abbott Laboratories and Thermo Fisher Scientific regarding ways to screen its warehouse workers and reduce the risk of COVID-19 infection.
In fact, Amazon is trying for a testing technique that can screen more than one worker at a time. Additionally, the company is aggressively looking into a deal with a medical organization to bolster its testing efforts.
Further, workers across the company’s U.S. and European warehouses will start receiving face masks and temperature checking instruments soon.
Furthermore, the company has piloted disinfectant fogging at its fulfillment centers, sortation centers and delivery stations.
All the abovementioned endeavours will aid the company in retaining its workers during this crisis, which is crucial at this point of time.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote
Wrapping Up
Amazon is leaving no stone unturned to mitigate the risk of spreading the coronavirus. Further, its growing endeavors toward serving the interests of workers, customers, sellers and workers remain major positives
These are likely to instill investor optimism in the stock amid this coronavirus-induced crisis.
Moreover, healthy workers base and aggressive retail strategies are likely to help the company in meeting the rising customers demand.
.
All these factors are expected to continue aiding Amazon in sustaining its dominant position in the e-commerce market despite the coronavirus scare.
Zacks Rank & Stocks to Consider
Currently, Amazon carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the retail-wholesale sector that can be considered are Stamps.com , Fiverr International (FVRR - Free Report) and eBay (EBAY - Free Report) . While Stamps.com sports a Zacks Rank #1 (Strong Buy), Fiverr and eBay carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Stamps.com, Fiverr and eBay is pegged at 15%, 44.18% and 11.56%, respectively.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>