Walmart Ends Long-Standing Robot Inventory Project

Walmart (NYSE: WMT), renowned for its use of technology to keep costs down, is retreating from a big automation program.

A report published on Monday in The Wall Street Journal said that the giant retailer is quashing a long-standing development initiative to have robots make inventory scans of its store shelves. A contract with privately held Bossa Nova Robotics, the company's partner in the effort, has been canceled.

A robot prowling the aisles of a Walmart. Image source: Walmart.

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Source Fool.com