
Good morning. Walmart is betting on automation, AI, and the growth of emerging alternative revenue streams to usher the company into a tech-fueled future.
More than 50% of Walmart’s fulfillment center volume is automated, twice as much as this time last year, Walmart CFO John David Rainey said during the company’s fiscal third-quarter earnings call on Tuesday. “This has the obvious benefit of lowering per unit cost of delivery,” he said.