Symbotic (SYM) Puts Dinero in Investors Pockets on Announcement of Agreement with Walmex
    Symbotic (SYM) Puts Dinero in Investors Pockets on Announcement of Agreement with Walmex
    PRISM View

    October 10, 2024 - by Ashlee Vogenthaler

    Symbotic (SYM) Puts Dinero in Investors Pockets on Announcement of Agreement with Walmex

    10 October 2024

    New York, October 10, 2024 - PRISM MarketView - PRISM NextGen Tech and AI Index company Symbotic Inc. (SYM), who is a leading provider of AI-powered robotics technology for the supply chain, announced today that it has entered into commercial agreements with Walmart de México y Centroamérica (MBV/BIVA: Walmex) to implement its cutting-edge warehouse automation systems at two of the retailer’s locations near Mexico City.
    Symbotic Inc - Prism MarketView

    Symbotic Inc - Prism MarketView

    Symbotic® has developed proprietary and innovative robotics and software to deliver an advanced automation solution to make the supply chain faster, more efficient and more profitable for manufacturers, distributors and retailers of all sizes. In assembling our talented workforce, we’ve brought together some of the region and industry’s top intellectuals, engineers and other multifaceted professionals.

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    As part of the agreements, Symbotic will install its comprehensive systems at two newly built distribution centers, with the first site breaking ground in the Bajio region. This location will become one of the largest in Walmex’s Mexican distribution network and represents the largest single-phase system deployment in Symbotic’s history.
    To support its expansion, Symbotic has created a new entity, Symbotic Mexico, S. de R.L. de C.V., to meet the growing demand for warehouse automation in Mexico. This move, along with its first customer agreements in the region, marks a significant step forward in Symbotic’s international growth strategy.

    “We are excited to welcome Walmex as a customer and to introduce advanced automation to its Mexican operations, enhancing productivity in both its distribution centers and stores. This is a major milestone in our growth, underscoring the versatility of our systems and our ability to deliver innovative supply chain technology globally.”

    Rick Cohen, Chairman and CEO of Symbotic

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