Kraft Heinz Inks Multi-Year Cloud, AI Agreement With Microsoft

  • Kraft Heinz Co KHC has partnered with Microsoft Corp MSFT to develop digital solutions for the supply chain process.
  • The multi-year cloud and AI agreement will focus on joint innovations across Kraft Heinz operations and product portfolios.
  • Kraft Heinz will migrate most of its global data center assets to the Microsoft Azure cloud platform and its enterprise resource planning (ERP) software to SAP on Azure.
  • Through this adaptation, Kraft Heinz expects to reimagine its day-to-day operations, create a more collaborative supply chain, and improve consumer experiences by using real-time predictive analytics to enhance inventory transparency and anticipate consumer and channel demand.
  • Price Action: KHC shares traded higher by 2.32% at $44.36 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsContractsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!