Walmart to Invest $1B in Automation Over Next Decade, Partnering with Ranpak for AI-Powered Fulfillment
Walmart (WMT) is poised to spend nearly $1 billion over the next ten years to automate its e-commerce and fulfillment operations. The retail giant has expanded its partnership with Ranpak (PACK), a leader in sustainable packaging automation and AI-driven robotics. The collaboration will see Walmart deploy Ranpak's AutoFill systems across five Next-Generation Fulfillment Centers, aiming to accelerate order processing, reduce waste, and streamline labor.
Ranpak's Q3 earnings report revealed Walmart's potential $700 million commitment, with CEO Omar Asali projecting over $1 billion in combined revenue from Walmart and Amazon (AMZN) over the next decade. The move underscores the accelerating adoption of automation in retail logistics, though the announcement lacked immediate cryptocurrency or exchange-specific implications.
