Ocado could soon deliver groceries via driverless vehicles and robots

Ocado could soon be delivering groceries via driverless vehicles and robots which carry your order to your door.

Tim Steiner, the online grocery retailer’s chief executive, told NRF this week that Ocado is working on developing “things like driverless technology” and “what jumps out of that vehicle with the groceries and gives them to the customer”.

He added that the company’s future now depended on its “far our research and development technology and how we can leverage those for our clients”.

This is the latest sign that Ocado is moving away from its own retail operations and towards becoming a technology developer and provider for the retail industry.

READ MORE: Ocado and M&S’ new joint venture loses steam in fourth quarter

In December Charged reported that Ocado is set to become the UK’s most valuable tech firm after the Competition and Markets Authority (CMA) decided to de-designate it as a retailer in August, following its joint venture with Marks & Spencer.

Ocado currently has partnerships with nine grocers across the globe which sees it licence its automated technology for a fee.

Retail analysts Peel Hunt estimate this part of the business could soon be worth £3.5 billion a year, while Steiner added “that part of the business will continue to grow”.

“We’re also investing in things that will tie very closely into what we do – things like vertical farming and automated food preparation, because we can see that this whole market is going to keep evolving and we intend to be at the forefront of that,” he added.

Click here to sign up to Retail Gazette‘s free daily email newsletter

AutomationDelivery / Supply ChainEcommerceNews

RELATED POSTS

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

Menu

SUBSCRIBE TO OUR NEWSLETTER

Sign up to our daily newsletter to get all the latest retail tech news and insights direct to your inbox.

  • This field is for validation purposes and should be left unchanged.