Ocado Partners With Lotte Shopping In South Korea
Online supermarket and technology group Ocado has announced a partnership with South Korean retailer Lotte Shopping, which will see the Ocado Smart Platform rolled out in the country.
As part of the agreement, Ocado and Lotte will develop a series of customer fulfilment centres across South Korea, backed by Ocado Smart Platform technology, as well as Ocado’s in-store fulfilment solution.
The two companies plan to develop six customer fulfilment centres across South Korea by 2028, the first of which will go live in 2025.
“This partnership brings the Ocado Smart Platform, the most advanced technology for serving online grocery, to one of the most mature e-commerce markets in the world,” commented Ocado chief executive Tim Steiner.
“With this new partnership, our unique, proprietary technology will now power the online businesses of twelve major retailers across ten countries worldwide.”
Related news
Ocado: Social media drives up demand for high-protein foods
Demand for high-protein food is soaring, fuelled by social media…
Read more >Péter Szijjártó: South Korea’s largest food company is building its first factory in the region in Hungary
South Korea’s largest food company is building its first Central…
Read more >Alcampo Invests In Robotics And AI For Online Shopping
Spanish supermarket chain Alcampo has invested €19.4 million in a…
Read more >Related news
NGM: domestic economic processes are developing favorably, industrial performance is held back by weak external demand
Domestic economic processes are developing favorably, the performance of industry…
Read more >SPAR opened a new supermarket in Kecskemét
SPAR Hungary has opened a new supermarket in Kecskemét with…
Read more >600,000 products are moved daily in Tesco’s new logistics center to supply nearly 200 stores within 24 hours
Tesco’s logistics center in Szigetszentmiklós, which was opened in November…
Read more >