While Ocado’s retail business holds only a 1.4% share of Britain’s grocery market, its technology has powered the group’s 8.1 billion pound ($10.4 billion) stock market valuation, enabling it to secure partnership deals with supermarket groups around the world, including Kroger in the United States.
“This is not about Bristol, but about what it says for its technology biz,” said Bernstein analyst Bruno Monteyne.
He said the site going live as quickly as 13 months is half the typical deployment time for a larger warehouse, indicating that warehouses overseas could also be developed at a faster rate.
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