UNFI Retreats On Word Of Automation Program

2024-01-29 03:12:33

(MENAFN- Baystreet) Philips Sleep Apnea Device Sales on Hold

Redwire Broadens In-Space Program

Tiptree Arm Falters on IPO

These Technology Stocks are On Sale

Why Medical Properties, Carnival, are These Stocks Sold Off Previous Articles Subscribe to Get Small Cap News & Alerts Glenn Wilkin - Monday, January 29, 2024

UNFI Retreats on Word of Automation Program

United Natural Foods, Inc. (NYSE: UNFI) shares fell Monday, as it announced plans to implement an A.I.-powered robotic automation system in its soon-to-be-completed distribution center (DC), in Manchester, Pa. This advanced system, manufactured by Symbotic, is the second installation for UNFI and part of the Company's commitment to further enhance the effectiveness and efficiency of its distribution center network. Once installed, UNFI expects the system to enhance the customer experience, improve quality and service to customers, increase capacity within its facilities, and lower overall costs to fulfill customer orders.

UNFI's new Manchester distribution center is a 1.3-million-square-foot facility set to come online in the Summer of 2024 to improve existing customer experience and support new customer growth across the Northeast. Once completed, Symbotic's end-to-end solution will provide robotic case pick capabilities in Manchester's dry grocery area, improve order accuracy for customers, and automate the assembly of customer order pallets. Part of UNFI's multi-year transformation plan, this new technology is intended to improve the customer receiving and replenishment experience when the order is delivered at the store. It is expected to be fully operational by Spring 2025.

The Symbotic warehouse automation system in Manchester is the same technology that is currently being deployed at the Company's distribution center in Centralia, WA. The installation of the Centralia system is on track to become operational in the first half of 2024.

UNFI began trading Monday dipped 6.5 cents to $14.84.

About Us
Contact Us
Advertise
License Our Content
Jobs
Disclaimer
Privacy Policy

Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks

MENAFN29012024000212011056ID1107783006

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.