🤯 Picked by our AI, this stock rallied more than Nvidia this month, yielding 94% since MarchSee the stock

Instacart, AWG expand partnership to include smart carts

EditorNatashya Angelica
Published 03/25/2024, 01:32 PM
© Reuters.

SAN FRANCISCO and KANSAS CITY, Kan. – Instacart (NASDAQ: NASDAQ:CART), a prominent grocery technology company, and Associated Wholesale Grocers, Inc. (AWG), the largest cooperative food wholesaler in the U.S., have announced the expansion of their partnership. This collaboration aims to enhance e-commerce and same-day delivery offerings to AWG's member retailers across the United States.

The extended partnership is set to provide more than 800 AWG member retailer locations with access to Instacart's technology suite, including the AI-powered Caper Carts. Additionally, an extra 2,300 member retailer locations will have the opportunity to adopt these technologies, simplifying the integration process for retailers.

Caper Carts, equipped with computer vision and AI, are designed to streamline the shopping experience by identifying items as they are placed in the cart, enabling customers to skip traditional checkout lines. Shoppers can bag their groceries as they go and pay from anywhere in the store. The smart carts also offer personalized promotions and savings linked to customer loyalty accounts.

Nick Nickitas, General Manager of Local Independent Grocery at Instacart, emphasized the commitment to empowering independent grocers in adapting to the digital landscape. Shelly Moore, Chief Information Officer of AWG, highlighted the value of the partnership in driving growth and customer engagement for local independent grocers.

Retailers utilizing the Instacart platform, such as McKeever's Price Chopper and Town & Country Supermarkets, have expressed satisfaction with the expansion of their online businesses and the impact of same-day delivery services.

This collaboration underscores Instacart's role in supporting the e-commerce and delivery needs of grocers, while AWG continues to serve over 3,500 locations in 32 states, with consolidated sales amounting to $12.3 billion in 2022.

The partnership is based on a press release statement and reflects the ongoing efforts of both companies to innovate and provide convenient solutions in the grocery sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.