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home / articles / XLP - How Walmart Is Planning To Boost Perishables Distribution? Read To Know | Benzinga


XLP - How Walmart Is Planning To Boost Perishables Distribution? Read To Know | Benzinga

Walmart (NYSE:WMT) is planning to take steps to enhance customer satisfaction by expanding its grocery network with advanced technology and focusing on creating a more connected supply chain to ensure faster product availability.

The retail giant is constructing five new perishable distribution centers (DCs) with high-tech capabilities. The first, operational since 2021, is located in Shafter, California.

Additional centers in Lancaster, Texas; Wellford, South Carolina; Belvidere, Illinois; and Pilesgrove, New Jersey, will collectively add around 2,000 jobs to local communities.

These new distribution centers (DCs) will handle temperature-sensitive items like milk, meat, vegetables, and fruits that can spoil quickly, reported Reuters.

Also, Walmart is expanding four traditional perishable DCs, each gaining over 500,000 square feet of automation to boost ...

Full story available on Benzinga.com

Stock Information

Company Name: SPDR Select Sector Fund - Consumer Staples
Stock Symbol: XLP
Market: NYSE

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