Online sellers who list their products on the Ocado platform have every reason to celebrate thanks to the grocery retailer’s announcement of their global expansion plans.
Although they haven’t disclosed any concrete plan for Europe, Asia and Australia yet, UK’s favourite online supermarket have set their sights on these continents and other avenues of growth.
In the recently held Morgan Stanley Technology, Media and Telecom Conference in Barcelona, Spain, Duncan Tatton-Brown, chief financial officer of Ocado, said:
“There’s some attractive opportunities on top of the ability to sell more capacity to existing clients. The sales teams are a reasonable size and they are reasonably busy.”
Aside from teaming up with established supermarkets in other countries, Ocado are considering to dip their toes into other categories in retail where they can utilize their technology.
Taking their technology into uncharted territory
While a part of Ocado’s team focuses on the company’s current priorities and offerings, another is busy with a new assignment called “future innovation”.
In an interview with Reuters, Tatton-Brown explained:
“Future innovation includes: how do we use the technologies, the capabilities that we’ve developed, in other areas. There could well be other uses in grocery, other uses in retail and frankly could well be in sectors well away from retail.”
Ocado, though, sees to it that they don’t veer off course and that they deliver what they have promised American retailer Kroger, with whom they struck a partnership earlier this year.
The deal will see Ocado providing Kroger with 20 automated warehouses in the first three years, to help boost the latter’s delivery service.
Are your products listed on Ocado? If not, are you thinking of selling to them and getting ahold of their massive customer base?
We hope to hear from you in the comments section below.
As always, to your continued success,
Dave & Matt