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You came here to see alright. It s just an idea for now. But walmart is exploring making their stores. A 5g hub and partnership with verizon wireless now the big box giant says this plan would help them delve into the digital health services field and help move data throughout their properties.
Just in general. But with american wireless company is falling behind the speed and capabilities of huawei will this move by the two giants proved to be a boom or a bus for that let s turn to investigative journalist. Ben swan. So first ben for any of this to make sense to the viewers let s talk about walmart.
Looking to take a bite out of the three point six trillion dollar..
Health care spending in america by trying to leverage their 150 million weekly shoppers with these health deals like. 3000 checkups 25. Dental cleanings things of that nature. Because this is what s sparking their joint venture with verizon right well it really is i mean the whole idea for walmart at this point is to say look we have super centers and walmart stores.
All over the country. So they have the real estate to do this. The question is how do you get people to stop shopping online and to go into those stores now walmart. It continually loses ground to online retailers like amazon.
So one way to do that is to say well we ll set up these health care clinics. Very affordable health care options for people some basic services that they can get in terms of health care needs it will get them into the stores and then once they re inside the store. They can fill the prescriptions. They need they can also shop and they can buy groceries here.
So it s it s one way of saying. We can we don t have to make a whole lot of money on the healthcare side. It s about getting that foot traffic back into the buildings and using their buildings for more than just. You know what they ve been using them for fast so so now we learned that they want to pair with verizon on this 5g project to help with this healthcare initiative walmart spokespeople.
Tell the press that you know this is really gonna help in rural areas where wireless connection is poor and and the internet..
If their stores will be free essentially then creating you know this hub of everything in places. That would otherwise be dead zones been so do you think this could be a good thing for those communities well. It s an interesting idea and the reason. It s interesting is because with 5g technology.
It s different than 4g or even 3g in the past in that you have to be much closer to the antennas for it to work you can t be as far away and so by walmart doing this it s it s in one way. It s creating a hub. As you said for people to come into the stores and be able to access them as 5g speed being near them. But it s also what wal mart needs in order to pull off what they re trying to do because part of their healthcare strategy is to say well we ll be able to create these these tools that when you walk into the store.
If you re also a healthcare client. You know the cameras will see you it ll pull up your information. It will be able to use 5g technology on that in as you shop and you go through and you scan items it will then determine whether or not items need to be restocked. Because it will see that 5g technology will essentially be able to tell how much products are being bought and which products are being about the most in real time.
So it s all about walmart. Helping themselves to develop a better infrastructure by putting those antennas on top of their building. But it s also about again getting more customers back into the store. Because walmart s got to be more than they ve been in the past where they ll continue to lose ground and then i mean do you have any concerns yourself about the 5g technology.
I think a lot of people will do and i think part of the reason that the concern is there is because we don t know a lot about it look that there are concerns out there as you know manila of people who worry about what these frequencies will do whether or not they can cause cancer. You know i don t know any of that. But i think there s a lot that and then most of us don t know about it and so what we do know is that 5g is not like 4g. It s not just a faster speed.
It is a dramatically different nology than what we ve seen in the past the amount of data that will be running through it is much much higher again. It is a it s a different kind of technology that tries to accomplish. What s been accomplished in the past. But at a much greater level and that s what i think we have to be concerned about at least you know enough to say let s keep a close eye on what s being done and how it affects communities.
Yeah. And then you know that walmart has obviously come under fire in recent years about the health care that they offer to their own workers and then now you add these antennas to the tops of their buildings. I mean that can t be a good thing been and obviously. This is clearly a pushback against amazon who is opening up their own brick and mortar stores for these you know self checkout mini marts so in terms of businessmen isn t this kind of a clever way for walmart to get ahead of amazon perhaps adding health care.
Adding free internet and really just making you know making their stores. A place to go to for your everything. Well that s what it has to become. I think it what walmart recognizes and that doesn t mean it will work.
But i think what they recognize is that as i said they have to be more than they ve been in the past..
The idea that you can get all these items. Under one roof. That was what wal mart was for a long time low prices and you could find everything there. Well guess.
What now you can find everything online including the things. That walmart didn t have so. Yes they have to either evolve or die. Alright well leave.
It right. There you can catch more of ben. Swann today on boom bust at 4 pm. Right here on our ” .
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