Ocado’s share price is back where it started. Are its robots just too fancy?

Distribution firm battling to encourage United States chain Kroger, its crucial client, of the merits of automation

That’s rather a securities market trip: from 180p at listing 15 years ago to the magnificent elevations of ₤ 29 throughout the locked-down Covid year of 2020 and currently– oh dear– completely pull back to 180p. Invite to Ocado, which appeared like the future of grocery store selling in the past today appears to be battling to encourage its crucial client of the merits of robotics and automation.

There is no favorable gloss to place on information that Kroger, the United States grocery store chain, is closing three of its eight warehouses that utilize Ocado’s modern technology. Kroger was the customer that put a rocket under the UK group’s share price to begin with in 2018 by authorizing a collaboration offer. If Ocado can show the well worth of its set worldwide’s biggest customer market, went the bulls’ debate, appraisal uncertainties would certainly go away.

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发布者:Nils Pratley,转转请注明出处:https://robotalks.cn/ocados-share-price-is-back-where-it-started-are-its-robots-just-too-fancy/

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