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United Natural Foods Opts For Symbotic's Warehouse Automation Systems

  • United Natural Foods Inc (NYSE: UNFI) and Symbotic Inc (NASDAQ: SYMhave entered into a commercial agreement for software automation.

  • Under the agreement, Symbotic's Artificial Intelligence powered robotics and software automation will be deployed in five of UNFI's distribution centers over the next four years.

  • In addition, UNFI has an option to implement Symbotic's warehouse automation systems in additional distribution centers.

  • Symbotic's automation system, with robotic case pick capabilities, is expected to help UNFI transform distribution centers to enhance capabilities and efficiency.

  • "We are excited to welcome UNFI as a customer and look forward to working with them to transform their distribution centers," said Michael J. Loparco, CEO of Symbotic.

  • Price Action: UNFI shares are trading higher by 2.76% at $39.50, and SYM is up 0.99% at $10.25 in premarket on the last check Tuesday.

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