Walmart Inc. is betting on greater supply-chain automation and hinting that a recent investment binge might lift profit beyond the retailer’s stated long-term goals.
Walmart executives told investors on Wednesday that plans to increase profitability over the next few years include increasing automation in its stores and warehouses and creating a state-of-the-art supply chain network.
Within three years, the unit cost of moving goods will fall 20% as warehouse robots play a larger role in speeding goods to customers, Walmart said in a statement Tuesday.
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