Walmart has entered a definitive agreement to purchase micro-fullment center (MFC) developer Alert Innovation, according to a Thursday press release. Financial terms of the deal were not disclosed.
The retailer is taking over Alert after working with the startup on a multi-year pilot of the company’s robotic grocery order-fulfillment technology, known as Alphabot.
Walmart is absorbing Alert as the retailer steps up its efforts to fulfill e-commerce orders more efficiently against a backdrop of a tight labor market.
Source: Grocery Dive
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