"For Walmart, it's a priority to quickly stock store shelves with the freshest food possible. In doing so, the nation's largest grocery-store retailer can prevent food waste from eating into its profits, even in an industry known for thin margins. Yasemin Gunay, a managing director at Boston Consulting Group, told Business Insider that retailers and restaurants have historically planned their inventory levels based on their internal data, mostly based on past sales trend data."
"Over the past four years, Walmart has constructed and opened several high-tech grocery distribution centers in states like California, South Carolina, and Texas. Each facility has automated robotics and AI systems that support workers' ability to process fresh vegetables and perishables more quickly than at traditional facilities without such technologies. One of those facilities, in Wellford, South Carolina, is a 725,000-square-foot distribution center that autonomously accepts deliveries from vendors and ships out those goods to 180 Walmart stores across five states."
Walmart prioritizes rapidly stocking store shelves with fresh food to reduce waste and protect slim grocery margins. AI algorithms now allow incorporation of external factors such as weather and major events into demand forecasts rather than relying solely on historical internal sales data. More accurate demand anticipation enables targeted pricing and promotional strategies tied to local stock levels and sales patterns. Walmart has built high-tech, nearly fully automated distribution centers in states including California, South Carolina, and Texas where robotics and AI accelerate processing of fresh vegetables and perishables and streamline vendor deliveries and store shipments.
Read at Business Insider
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