The stock of Wal-Mart Stores Inc (NYSE:WMT) closed at $79.09 losing 0.16% in yesterday’s trading session. The company is now using its new smart home grocery delivery pilot to deliver groceries into the refrigerators of its large number of customers.
Through its partnership with the smart lock startup August Home, the company hopes to succeed in its quest to effectively facilitate the in-fridge deliveries in most of the Silicon Valley test homes.
It is possible to enhance Walmart’s in-fridge delivery and lately it is being integrated with a wide array of the smart home solutions. Experts are looking out for ways to take the auto-replenishment ecosystem a notch higher.
A number of thoughts have been forwarded in the recent times. One could imagine a scenario where a wired refrigerator had the ability to communicate each time that it went low on a particular product. It would then have placed an automatic order to get the food delivered thus ruling out the need for any form of customer interaction in the process.
A few months ago, Amazon.com, Inc (NASDAQ:AMZN) kick started efforts to pilot a logistics concept. The partnering with one of the smart lock companies has helped Amazon a huge deal. Most of the e-commerce customers are in the current times resorting to the exercise of allowing delivery persons let themselves in their homes to drop packages.
The passage of time has seen Walmart make significant investments in innovation and it goes without saying that its efforts are targeted at keeping up with Amazon. Walmart takes great pride in the fact that it has succeeded in its acquisition of popular indie brands like Moosejaw, Bonobos and ModCloth.
Wal-Mart’s spokesperson opined, “We have implemented virtual reality solutions for some aspects of employee training and even rolled out a Silicon Valley tech incubator called Store No. 8. These modernizing moves have begun to paint a better picture of Walmart.”
If all moves according to plan, Wal-Mart is confident that it will be able to compete effectively in the market and fetch higher revenues to fund its ongoing projects.