, Columnist
Grocery-Packing Robots Are Aiming For World Domination
U.K. supermarket-tech company Ocado has won contracts around the world. Its latest deal in Japan is a tall order to fill on top of everything else.
This is a tall order.
Source: Ocado.
This article is for subscribers only.
The online grocer that’s specialized in automating how orders are filled said on Friday that it will provide Aeon Co. with its technology, initially in the region around Tokyo. It hasn’t put a value on the deal, but Ocado expects the contract to cover sales of about 1.5 billion pounds ($1.9 billion) by 2025, rising to about 7 billion pounds by 2035.
To achieve that, analysts at Bernstein estimate that it will need to build about 20 automated warehouses, the same number envisaged in Ocado’s biggest deal to date with U.S. supermarket group Kroger Co.