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Benzinga
Benzinga
Business
Shivani Kumaresan

This Retail Giant Modernizes Supply Chain Network - Read How

Walmart WMT NYSE Walmart Inc
  • Walmart Inc (NYSE:WMT) has expanded its commercial agreement with Symbotic LLC to implement the robotics and software automation platform.
  • Symbotic's software platform will be implemented in all 42 of Walmart's regional distribution centers over the coming years.
  • The move expands Walmart's previous commitment to deploy Symbotic Systems in 25 regional distribution centers.
  • Symbotic System to increase the speed, efficiency, and safety at which products are distributed across Walmart's 42 regional distribution centers.
  • The technology's ability to build palletized loads of department-sorted inventory will enable Walmart to get products onto shelves at its more than 4,700 stores more quickly.
  • Walmart, which has already begun embedding Symbotic's technology in select centers, expects to complete retrofitting process of all 42 centers over the next 8+ years.
  • Price Action: WMT shares are trading higher by 3.12% at $122.92 on the last check Monday.
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