- Walmart Inc (NYSE:WMT) said it is adopting measures designed to reduce the amount of packaging waste associated with online orders.
- Going forward, nearly all orders shipped in plastic mailers from fulfillment centers, stores and marketplace items shipped with Walmart Fulfillment Services, will arrive in recyclable paper bag mailers.
- The company expects the transition to eliminate 65 million plastic bag mailers or more than 2,000 tons of plastic from circulation in the U.S. by the end of the current fiscal year.
- Also, customers across the U.S. will have the choice to opt out of single-use plastic bags for their online Pickup orders.
- Also Read: Walmart Stands Firm on Pride Month Offerings Amidst Backlash, Despite Peer Target Backing Down
- Walmart also plans to reduce the amount of cardboard used to ship products to customers by transitioning to right-sized packaging technology in approximately half of its fulfillment network.
- Customers shopping online can now request the consolidation of multiple items into fewer boxes, reducing waste and the number of shipments.
- The retail giant is utilizing applied AI to identify when an item purchased online can be fulfilled from stores instead of fulfillment centers.
- Price Action: WMT shares are trading higher by 0.37% at $147.95 in premarket on the last check Friday.
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Meta Faces Rising Risk Of Free-Cash-Flow Burn As Creator Payouts Evolve, Says Analyst
BMO Capital analyst Brian Pitz reiterated a Market Perform rating for Meta Platforms with a price target of $450, highlighting the growing pressures on social media platforms to increase creator payouts to retain quality content. Pitz noted that enhancing payouts for longer-form content could raise Meta's annual revenue costs by $3-5 billion.
