Walmart will start using a $2 billion contract to buy new store technology
Posted On September 30, 2021
Walmart will begin using a new $2.6 billion contract for store automation to begin installing new, more accurate and cost-effective equipment, the company announced Wednesday.
Walmart is expected to begin testing the new equipment in some of its stores by the end of the year, according to the company.
The contract is part of a $1.6 trillion expansion of the U.S. economy, including the hiring of more than 4 million new workers.
Wal-Mart already uses a software program to track inventory in its stores, but the new software program uses technology developed by its hardware division to automatically track the price of products in the stores, rather than the number of products on display.
Walmart announced its new automation program earlier this year, after the company said last month that it would buy an automation firm, Alarm, to help automate its stores.