Walmart shares its plan to be even more automated than they are currently…
Walmart says they want to introduce automation at almost two-thirds of their stores and the company has plans to have 55% of its fulfillment center volume move through automated facilities by the end of fiscal 2026.
Walmart shared their understanding that increasing automation will mean a lesser need for physical labor, they shared that the transition should be able to create new roles that carry a increase in pay and possibly lead the company to add more jobs depending on needs.
The news comes at Walmarts 2023 Investment Community meeting, an event at a Brooksville, Florida distribution center.
The retail giant showcased a system that uses a combination of software, data, and robotics to increase the amount of storage available in the facility.
The automated tools are said to enable a more predictable and consistent delivery service to stores with also increasing the quality of operations and allowing operations to react more quickly to customer demand.
Walmart is expecting the investments to help them attain their goal of 4% annual sales growth over the next three to five years. This could add more than $130 billion of sales on top of its current $600 billion sales base. Walmart also shared they believe their operating income could grow significantly during this period.