ICCGF - Why Kroger Company's Automation Deal Is A Game-Changer In The Retail Industry
Kroger Company's (NYSE: KR) stock moved up 0.68% on June 11, 2020, after announcing the setting up of additional 3 new customer fulfillment centers (CFCs) a week earlier. In the deal, the American retail giant will partner with Ocado Solutions (OTCPK: OCDGF) to improve customer experience by leveraging on robotics technology ((AI)) and automation. The market seems to have responded positively to this move seeing that the country is rushing to speed up the limitation of human contact during this COVID-19 pandemic.
Thesis
Kroger Company's plan to integrate automation and artificial intelligence in