Posts

Showing posts with the label Amazon News

India to launch open e-commerce network to take on Amazon, Walmart

Image
  India will on Friday launch an open network for digital commerce (ONDC) as the government tries to end the dominance of U.S. companies Amazon.com and Walmart in the fast-growing ecommerce market , a government document showed. The launch of the platform comes after India's antitrust body on Thursday raided domestic sellers of Amazon and some of Walmart's Flipkart following accusations of competition law violations. The companies did not respond to request for comment on the raids. Indian retailers, key supporters of Prime Minister Narendra Modi, have long contended that Amazon and Flipkart's platforms benefit a few big sellers, via predatory pricing, though the companies say they comply with all Indian laws. Read More

Amazon crosses 10 lakh sellers milestone across India

Image
  Amazon India on Wednesday said that over 10 lakh sellers are now selling on its e-commerce platform from across India. The company had started in India in 2013 with 100 sellers and has today grown to be the preferred online destination for sellers across India. Notably, more than 90 per cent of the sellers on Amazon are small and medium local businesses (SMBs) and over half of these sellers on the marketplace come from tier 2 and tier 3 cities. Since January 2020, more than 4.5 lakh new sellers have joined Amazon and over one lakh of these new sellers are local offline retailers & neighbourhood stores that have onboarded the Amazon marketplace through the 'Local Shops on Amazon' program. Click Here

Amazon building computer vision tech to check defects in fruits, vegetables

Image
  E-commerce giant Amazon is building a computer vision-based grading solution for food products such as onions and tomatoes. The machine learning-based approach analyses produce images to detect defects such as cuts, cracks and pressure damage. It can carry out millions of assessments per day at a cost that is far below compared to any other method, said a top Amazon scientist. “Quality is one of the key drivers of fruit and vegetable purchasing decisions and a critical factor in achieving customer satisfaction,” said Rajeev Rastogi, vice president, machine learning, Amazon India at the company’s Smbhav event. “Having humans grade the quality of fruits and vegetables by manually examining each individual piece of produce like tomato or onion is not scalable to millions of quality assessments per day.” Amazon plans to develop a conveyor belt based automatic grading and packing machine. It would leverage hardware and machine learning to pack produce into predetermined quality ...