Walmart and Symbotic strengthen ties
AI robotics company Symbotic has agreed to acquire the Advanced Systems and Robotics business from Walmart
The deal expands the long-standing relationship between Walmart and Symbotic with the aim of developing an integrated automated supply chain.
Walmart has chosen Symbotic to develop, build and deploy an advanced solution leveraging Symbotic’s AI-enabled robotics platform to offer Walmart customers greater shopping convenience through accelerated online pickup and delivery options at stores. Symbotic will engage in a development program funded by Walmart to enhance current online pickup and delivery fulfilment systems as well as to design new systems to meet the needs of current and future customers.
If performance criteria are achieved, Walmart is committed to purchasing and deploying systems for 400 APDs at stores over a multi-year period, with Walmart’s option to add additional APDs in the coming years.
“We’re excited about what this means for our customers. We anticipate the synergy between Symbotic’s expertise and our nearly decade-long relationship in innovating the supply chain technologies to elevate customer service and rapidly advance our in-store Accelerated Pickup and Delivery capabilities,” said Greg Cathey, SVP of transformation and innovation at Walmart.
