Walmart Inc. WMT is focused on operating a best-in-class supply chain network to provide a frictionless shopping experience for its customers. The supermarket giant, in partnership with — Symbotic — a robotics and automation company, unveiled plans to install a high-tech automation system across 25 Walmart regional distribution centers. This will digitize and modernize Walmart’s current supply chain facilities to enrich customer’s experiences as well as support evolving consumer demand.
The two parties have been working to optimize Walmart‘s supply chain since 2017. Symbotic’s robust system uses a number of fully autonomous robots along with proprietary software to offer improved efficiency, while improving warehouse capacity. The newly-installed system will lower the time it takes to unload, sort and stock freight at Walmart stores.
Image Source: Zacks Investment Research
Focus on Enriching Consumers’ Experience
Walmart is leaving no stone unturned to enhance consumers’ experience through better delivery services, solid assortments, easy payment options, attractive pricing and lucrative offers. In June, the omnichannel retailer unveiled a strategic deal with Ibotta, to introduce a new digital offers program on its site, Walmart.com, as well as the Walmart app. In the same month, the company stated that it will expand and extend its association with a well-known provider of cloud-based platforms in healthcare space, Inovalon INOV. The move is another step to enrich consumers’ experiences by providing convenient, easy and fast shopping methods.
Walmart has taken robust strides to strengthen its delivery arm, as evident from its investment in DroneUp; pilot with HomeValet, introduction Carrier Pickup by FedEx, launch of Walmart + membership program; drone delivery pilots in the United States with Flytrex and Zipline; and a pilot with Cruise to test grocery delivery through self-driven all-electric cars. The company also unveiled an alliance with DoorDash in third-quarter fiscal 2021 to deliver prescriptions from pharmacies of Sam’s Club along with expanding Scan & Go to all fuel stations at U.S. Sam’s Clubs.
What Else Should You Know?
The Zacks Rank #2 (Buy) company’s e-commerce business and omni-channel penetration have been increasing amid pandemic-led social distancing. On May 13, 2021, Walmart unveiled plans to acquire Zeekit, which is focused on uniting fashion and technology via its virtual fitting room platform. During third-quarter fiscal 2021, Walmart had announced an additional investment in India’s Ninjacart, for technology and supply-chain solutions. The company’s contracts with Goldman Sachs GS, Shopify and Microsoft MSFT; buyouts of ShoeBuy, Moosejaw and Bonobos, among others, underscore its intention to build an impressive digital brand portfolio.
We believe that the aforementioned partnership with Symbotic reinforces Walmart’s commitment toward improving customers’ shopping process.
Shares of Walmart have increased 6.5% in the past year compared with the industry’s growth of 6.2%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Walmart Inc. (WMT): Free Stock Analysis Report
Inovalon Holdings, Inc. (INOV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.