Ocado launches first automated CFC with Lotte in South Korea
The facility serves 4m households in Busan and Yeongnam, introduces Ocado's Auto-Freezer, and supports dawn delivery before 7am.
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Technology and automation provider for online grocery and retail logistics
ocadogroup.comLast updated
In short: Ocado announced CEO Tim Steiner will step down in 2028, secured new partnerships with Asda and Nemlig, and implemented 1,000 job cuts.
The facility serves 4m households in Busan and Yeongnam, introduces Ocado's Auto-Freezer, and supports dawn delivery before 7am.
The CFC will use Ocado's Re:Imagined technology, including 600s bot and OGRP, and is expected to go live in FY28.
They will deploy the Ocado Smart Platform to replace Asda's ecommerce infrastructure, covering front-end, in-store fulfilment and last-mile solutions, with roll-out from 2027.
It enables grocery retailers to fulfil orders from third-party marketplaces, own webshops, and apps. Live with Monoprix and Morrisons.
Ocado has named Danish pureplay Nemlig as its new European retail partner, in a deal first teased on July 21. The CFC will be integrated...
Once a market standout, Ocado Group Plc shares are showing signs of life again after a bruising decline.
JP Morgan has raised its target price for Ocado Group PLC (LSE:OCDO) to 290p from 245p, arguing the market is valuing the technology group as...
Ocado has opened its first customer fulfilment centre in South Korea as it expands its global reach. The launch comes under its partnership with local...
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