Walmart to Acquire Volt Systems to Increase Merchandising Resources
BENTONVILLE, AR - With the rapid evolution of technology comes the opportunity for suppliers to streamline their supply chain and maximize profits. In an effort to boost its partners, Walmart has announced it is acquiring Volt Systems to enhance on-demand visibility into merchandising resources.
The Volt Systems application offers suppliers current store-level data, actionable analytics, and shelf intelligence, enabling them to plan, forecast, and optimize product assortment, according to a release. As a result of these insights, consumers will receive a more seamless omnichannel shopping experience with less friction due to out-of-stock offerings.
This deal supports Walmart’s investment in technology and innovation in order to better anticipate shopper demand. The big-box retailer will be acquiring Volt Systems outright, including the company, associates, technology, and customer agreements.
Will this new application become available to fresh produce providers, and how will these streamlined services boost sector sales? Stay tuned to AndNowUKnow to get the latest insights.