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.
Domino’s Pizza Inc. (DPZ - Free Report) is expanding its robot delivery service to Europe. The recognized world leader in pizza delivery is teaming up with the London-based startup, Starship Technologies, to deliver pizza in Germany and the Netherlands with robots.
This isn’t the first time that a robot has delivered Domino’s pizzas. The company has formed a group called Domino’s Robotic Unit (DRU) to oversee this operation. The first successful robot pizza delivery was done last March in New Zealand. It also made a delivery by drone in November.
Starship, founded by two Skype co-founders, Ahti Heinla and Janus Friis, created six-wheeled, self-driving delivery robots that will be able to deliver pizza within a one-mile radius of certain Domino’s pizza shops in selected German cities and locations throughout the Netherlands.
The robot has a maximum speed of four miles per hour and able to carry up to 20 pounds. Known as DRU, it is designed to travel on the sidewalk and capable of detecting and avoiding obstacles, such as cars, trash cans, and curious bystanders.
The public wonders if the robots will eventually take the job of the delivery drivers. The company said the robot is only a “complement to its deliveries in cars and bicycles,” and it will create more jobs for humans too, including maintaining the robots and loading pizzas into DRU.
“With our growth plans over the next five to 10 years, we simply won’t have enough delivery drivers if we do not look to add to our fleet through initiatives such as this,” said Domino’s CEO Don Meij.
While the robot will only unlock with a code that customers receive through text, it’s hard not to wonder if a hungry bystander will just follow the robot till its destination before striking or just hijacking the robot. What will Domino’s and Starship do to prevent that from happening?
Companies like Amazon.com (AMZN - Free Report) , Wal-Mart (WMT - Free Report) , Chipotle (CMG - Free Report) and Alphabet (GOOGL - Free Report) have all been testing out their version of drone delivery, but a lot of work in safety and policy still needs to be done.
Domino’s is trading at $183.93 per share, down 0.55% on Wednesday.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Domino's (DPZ) Robot Delivery Expands to Europe
Domino’s Pizza Inc. (DPZ - Free Report) is expanding its robot delivery service to Europe. The recognized world leader in pizza delivery is teaming up with the London-based startup, Starship Technologies, to deliver pizza in Germany and the Netherlands with robots.
This isn’t the first time that a robot has delivered Domino’s pizzas. The company has formed a group called Domino’s Robotic Unit (DRU) to oversee this operation. The first successful robot pizza delivery was done last March in New Zealand. It also made a delivery by drone in November.
Starship, founded by two Skype co-founders, Ahti Heinla and Janus Friis, created six-wheeled, self-driving delivery robots that will be able to deliver pizza within a one-mile radius of certain Domino’s pizza shops in selected German cities and locations throughout the Netherlands.
The robot has a maximum speed of four miles per hour and able to carry up to 20 pounds. Known as DRU, it is designed to travel on the sidewalk and capable of detecting and avoiding obstacles, such as cars, trash cans, and curious bystanders.
The public wonders if the robots will eventually take the job of the delivery drivers. The company said the robot is only a “complement to its deliveries in cars and bicycles,” and it will create more jobs for humans too, including maintaining the robots and loading pizzas into DRU.
“With our growth plans over the next five to 10 years, we simply won’t have enough delivery drivers if we do not look to add to our fleet through initiatives such as this,” said Domino’s CEO Don Meij.
While the robot will only unlock with a code that customers receive through text, it’s hard not to wonder if a hungry bystander will just follow the robot till its destination before striking or just hijacking the robot. What will Domino’s and Starship do to prevent that from happening?
Companies like Amazon.com (AMZN - Free Report) , Wal-Mart (WMT - Free Report) , Chipotle (CMG - Free Report) and Alphabet (GOOGL - Free Report) have all been testing out their version of drone delivery, but a lot of work in safety and policy still needs to be done.
Domino’s is trading at $183.93 per share, down 0.55% on Wednesday.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>