Walmart Inc. (NYSE:WMT) shares are trading higher. Walmart opened a high tech fulfillment center in Indianapolis Thursday, which is expected to help the company fulfill more orders, more quickly.
What To Know: The new 2.2 million-square-foot next generation facility is the largest to date and combines people, technology and machine learning together to attain faster shipping and delivery. In doing so, it is expected to increase Walmart.com order fulfillment capacity.
“The McCordsville grand opening marks a major milestone in our supply chain modernization journey,” said Karisa Sprague, senior vice president, Fulfillment Network Operations for Walmart U.S.
“With more customers shopping online, we’re leverage state-of-the-art technology to increase speed of delivery all while creating tech-empowered career opportunities for our associates.”
Combined with the rest of Walmart’s fulfillment network, these next generation fulfillment centers are expected to enable the retailer to reach 95% of the U.S. population.
According to Reuters, Walmart also announced a partnership with NBCUniversal to test the company’s live sports streaming advertising on Walmart’s retail media network.
Related Link: Microsoft Set to Monetize GenAI, Its Multi-Cloud Security Capabilities Underrated: Analysts
WMT Price Action: Shares of WMT were up 0.75% at $158.05 at the time of publication, according to Benzinga Pro.
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