The world’s largest retailer Walmart Inc (NYSE: WMT) said now it won’t use robots to count stock any longer.
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The bricks-and-mortar stores reportedly have decided to close its alliance with robots-maker Bossa Nova Robotics.
The machines are used to scan stock on shelves to make sure stock availability while keeping the count along with price accuracy.
These smart machines were built to help the company compete with giants like Amazon and Alibaba.
The Retail giant used these machines since 2017 as it aimed to complete automation. The company used to count and price check robots in almost 500 different stores.
Walmart Inc (WMT) said it will continue using robots like autonomous floor scrubbers.
Inventory control is always very important for retailers like Walmart to keep tabs on stock management in order to satisfy customers. All large retailers are gradually opting for automation to grab the market share.
Walmart stock was up 1.57% to reach $142.56 in the early trading on Tuesday, November 3, 2020. Despite the covid-19 crisis, Walmart posted impressive results thanks to its online sales.
Other big players have been using various methods to become efficient by using robots at their stores.
Online giant Amazon took over robotics company in 2012 to become efficient in its fulfilment centres, where it now uses more than 200,000 robots.
On the other hand, some of the retailers are still not convinced in use of robots in their warehouses, such as Walmart Inc (NYSE: WMT) another rival Target still prefer using customer advisors for stock keeping and price checking.
