Ocado bids to boost capacity as partner Morrisons reshuffles distribution
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Ocado Group PLC's partner, Morrisons, will stop using Ocado's Erith distribution center, allowing Ocado to increase capacity. Morrisons will instead focus on Ocado's Dordon site and expand its use of Ocado's AI-powered online network.
November 28, 2024 | 8:15 am
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Ocado's capacity is set to increase as Morrisons shifts distribution from Erith to Dordon, enhancing the use of Ocado's AI technology.
The shift in distribution from Erith to Dordon by Morrisons allows Ocado to increase its capacity and further utilize its AI technology. This strategic move is likely to enhance operational efficiency and potentially increase revenues, positively impacting Ocado's stock price in the short term.
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