Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Kroger places order for new Ocado automated technologies

(Sharecast News) - US grocery giant Kroger ordered two of Ocado's newest technology solutions for its existing and future customer fulfilment centres. According to Ocado boss Tim Steiner, the solutions came amid a backdrop of "significant" pressures on supply chains to manage higher volumes and increased complexity in the face of headwinds from labour costs and availability.

"Today marks another exciting milestone in our partnership with Kroger," Steiner said.

"Our current CFCs are already helping to deliver a game-changing quality of service to their customers across the USA. We are excited for these latest technologies to further enhance that proposition, as well as the efficiency of Kroger's operations in live and future CFCs."

The new automation solutions included Ocado's On-Grid Robotic Pick and Automated Frameload.

Ocado said the innovations would allow Kroger to lower its costs further and boost its already market-leading customer proposition.

Japan's AEON had recently announced a decision to retrofit Ocado's OGRP technology into its operations, with OGRP already being rolled out at Ocado's UK CFCs.

When fully operational, OGRP was expected to pick over 70% of an extensive online grocery range.

Share this article

Related Sharecast Articles

Berenberg lowers target price on Impax Asset Management
(Sharecast News) - Analysts at Berenberg lowered their target price on Impax Asset Management from 620.0p to 560.0p on Tuesday but noted that outflows had started to slow.
GSK's Arexvy provides protection over three RSV seasons, trial shows
(Sharecast News) - GSK has announced positive results from a phase III trial of its Arexvy RSV vaccine, showing that just one dose of the treatment could help protect older adults at risk of RSV disease over three seasons.
S&U revenue up, profitability a challenge in first half
(Sharecast News) - Motor and property finance specialist S&U reported a mixed first-half financial performance on Tuesday, after group revenue increased 9% year-on-year to £60.4m.
Loungers reports slight slowdown in LFL sales growth
(Sharecast News) - Cosy Club owner Loungers reported a slight slowdown in like-for-like sales growth on Tuesday and a jump in revenue.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.