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Ocado failing to deliver on its potential as one of UK’s great technology hopes

globalFebruary 26, 20261 min readAttributed summary
Ocado failing to deliver on its potential as one of UK’s great technology hopes
Firm’s automated warehouses are struggling to compete against swift deliveries from stores by bike riders
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Firm’s automated warehouses are struggling to compete against swift deliveries from stores by bike riders

  • Ocado to cut 1,000 jobs in £150m cost-saving drive

Only six years ago, the boss of Ocado Group was writing the obituary for supermarkets as he predicted that a surge in online grocery shopping during the pandemic had brought forward the hi-tech future.

“Not every store will disappear, but there will be a dramatic shift,” Tim Steiner said at the height of the Covid pandemic, when shopping from the sofa became the only option for many.

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Source: Guardian - World News

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