Amazon.com Inc., (NASDAQ: AMZN) has recently been exponentially expanding, as seen with their annual Prime Day, which led over 6 million people last year to become members.
With their business expansion, one thing that Amazon has historically been a pioneer at is re-investing into their R & D. This time in particular, Amazon has said it will create 1500 new jobs, inclusive of benefits for their workers, in a new fulfillment center In Orlando, Florida.
Almost reminiscent of the Tesla Gigafactory in innovation but not in terms of size, the workplace will own Amazon Robotics, and will "pick, pack, and ship" small items such as books, electronics or consumer goods in a "highly technological"
The new center is said to increase Amazon's workforce in Florida to about 9000, and if the center does well, they are looking to increase production and amount of jobs in Orlando as well.
Amazon has rallied 1.1% in morning trade, and 9.2% over the past three months, while the Nasdaq 100 gained 4.5%, and the S & P 500 has advanced 2.9%. If trends continue as they have been, Amazon might be seen more expansions in Their supply and a larger investment in R & D from their returns on this factory in the near future.