Cloud service is giant’s latest move to commercialize its retail prowess
Retail giant Walmart has opened up its AI-powered “Route Optimization” logistics tool to users outside the company, saying it will rent out the product as a way for other businesses to boost their own performance and make sure their customers can find what they are looking for.
Bentonville, Arkansas-based Walmart is making the technology available to businesses as a software as a service (SaaS) solution through Walmart Commerce Technologies, its platform that commercializes the retail powerhouse’s own logistics platforms as a product for other retailers.
The launch is Walmart’s latest maneuver to repurpose its internal logistics prowess as a commercial offering, following platforms like its “GoLocal” white-label parcel delivery service and its “Store Assist” omnichannel functionality platform.
“We have invested significant time, resources and operational knowhow into building solutions like Route Optimization, but that can be a barrier for many businesses,” Anshu Bhardwaj, senior vice president and chief operating officer, Walmart Global Tech and Walmart Commerce Technologies, said in a release. “By adopting our at-scale, AI-powered tech, businesses can eliminate the need and expense of developing their own technology, and instead focus on what they do best – serve their customers.”
Route Optimization provides businesses of all sizes the use of AI-driven software to optimize driving routes, pack trailers efficiently, and minimize miles traveled. Walmart says the custom technology can help users to:
Source: https://www.dcvelocity.com/articles/60247-walmart-offers-commercial-version-of-its-route-optimization-logistics-tool
On November 29, Vietnam Report announced the Top 10 Most Reputable Logistics Companies for 2024. The recognition ceremony, co-hosted by Vietnam Report and VietNamNet, will...
Global tonnages in the last full week of November were at the same level as the previous week, while the overall average rate maintained a steady growth path of +2% to its...
The Global Supply Chain Promotion Index rose from 0.27 in 2018 to 0.66 in 2023 and the Global Supply Chain Connectivity Index increased from 0.271 in 2014 to 0.732 in 2023,...
This report describes and explains the supply chain finance market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report...
The peak season for air cargo increasingly looks like it will be quite healthy, but without the normal bounce typical at the end of the year. Rates haven’t climbed as high...
Airfreight rates on major trades out of Hong Kong picked up in November for the peak season, although the rate of change lags behind historical levels.
A sharp rise in air cargo spot rates from Europe origins, particularly to the Americas, has helped to further drive up average worldwide spot prices in the second full week...
The industrial and digital sectors in Vietnam are experiencing robust development, supported by foreign direct investment
Only a few months ago, the air cargo industry was preparing for what was expected to be a busy peak season out of Asia.
Air freight groups and airlines, which only recently cut flights to China amid weak tourist demand
ALS