Walmart Targets Faster Deliveries Via 4 Fulfillment Centers, Intensifies Rivalry With Amazon

  • Walmart Inc WMT plans to build four new e-commerce fulfillment centers using an automated system to speed deliveries firing up rivalry with Amazon.com Inc AMZN.
  • Walmart will open its first warehouse in Joliet, Illinois, this summer. 
  • Walmart will build additional centers in IndianaPennsylvania, and Texas over the next three years, Bloomberg reports.
  • E-commerce giants like Alibaba Group Holding Limited BABA and Amazon have gone very aggressive in driving the speed of their deliveries.
  • Walmart looks to cover 95% of the U.S. population with next- or two-day shipping with a holistic combination of its traditional and e-commerce fulfillment centers. 
  • The new centers will involve people, robotics, and machine learning to speed up the delivery process.
  • Walmart collaborated with Knapp to reduce the manual 12-step process for fulfilling orders to just five, easing the strain on its workers.
  • Walmart has been working to incorporate the technology at an existing warehouse in Pedricktown, New Jersey.
  • Walmart's move has the potential to create over 4,000 jobs as the world gradually recovers from the pandemic.
  • Price Action: WMT shares closed higher by 1.63% at $127.50 on Thursday.
  • Photo via Wikimedia Commons
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