Ocado, a British technology and online grocery group, is seeking new partners in the US. The company is holding multiple live engagements with significantly evolved solutions.
Ocado’s shares have fallen 36% in the last six months due to weaker-than-expected demand from its partners Kroger and Sobeys. Despite this, the company is sticking to its forecast to turn cash flow positive in the current six-month period.
Ocado provides automated technology for distribution centers and runs its own UK online grocery business through a joint venture with Marks & Spencer. The company is looking to expand its presence in the US market.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.