SCD: We’re entering the age of first-mile reinvention
SUPPLY CHAIN DIVE reports: (Lauren Acoba is the VP of research at supply chain intelligence company ...
FDX: DOWNGRADEZIM: BEST PERFORMER WTC: INVESTOR DAY AAPL: LEGAL RISKTSLA: UPGRADEXOM: DIVESTMENT TALKAMZN: HOT PROPERTYGM: ASSET SALEHLAG: PROTECTING PROFITSVW: STRIKINGPLD: FAIR VALUE RISKSTLA: CEO OUTDHL: BOLT-ON DEALMAERSK: NEW ORDERGXO: POLISH DEAL EXTENSIONDSV: TRIMMING
FDX: DOWNGRADEZIM: BEST PERFORMER WTC: INVESTOR DAY AAPL: LEGAL RISKTSLA: UPGRADEXOM: DIVESTMENT TALKAMZN: HOT PROPERTYGM: ASSET SALEHLAG: PROTECTING PROFITSVW: STRIKINGPLD: FAIR VALUE RISKSTLA: CEO OUTDHL: BOLT-ON DEALMAERSK: NEW ORDERGXO: POLISH DEAL EXTENSIONDSV: TRIMMING
SUPPLY CHAIN DIVE reports:
Dive Brief:
– Walmart by Dec. 2 will lay off 1,458 employees at a facility in Fulton County, Georgia outside Atlanta, according to a filing with the state’s department of labor.
– Rival Amazon similarly has scaled back its fulfillment capacity after embarking on a massive expansion amid surges in online demand during the height of the pandemic, canceling or delaying dozens of warehouses.
– Walmart didn’t immediately return a request for more information and comment.
Dive Insight:
Walmart opened this facility to great fanfare in 2015, and the retail giant’s online sales have continued to surge since then. Last year Walmart.com revenue rose 11% compared to 2020.
The company’s vast network of stores is playing an important role in its logistics, and that recently got a boost via its acquisition of e-grocery automation firm Alert Innovation, which produces custom-built inventory-handling technology. That comes on the heels of…
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