Online Grocery Giant Morrisons Moves Away from Ocado’s Facility

  • Morrisons to stop using Ocado’s Erith Customer Fulfilment Centre
  • Ocado Retail to have extra network capacity in the near term
  • Tim Steiner, CEO of Ocado Group, supports the decision
  • Rami Baitiéh, CEO of Morrisons, values partnership and expertise from Ocado

Morrisons has decided to cease deliveries from Ocado’s Erith Customer Fulfilment Centre and will process a greater share of its online deliveries through Dordon CFC and in-store fulfilment. This move allows Ocado Retail to utilize existing capacity for short-term growth without additional capital expenditure. Both CEOs, Tim Steiner and Rami Baitiéh, express support for the partnership and continue to work together on the Ocado Smart Platform. Morrisons.com will maintain service across England, Wales, and Scotland with no impact to customers.

Factuality Level: 10
Factuality Justification: The article provides accurate information about the decision made by Morrisons to cease deliveries from Ocado’s Erith CFC and their plans for online grocery business growth through Dordon CFC and in-store fulfilment. It also includes statements from Tim Steiner, CEO of Ocado Group, and Rami Baitiéh, CEO of Morrisons, supporting the information provided.
Noise Level: 3
Noise Justification: The article provides relevant information about the decision of Morrisons to cease deliveries from Ocado’s Erith CFC and its reasons for doing so, as well as statements from both companies’ CEOs. It also mentions the impact on customers. However, it lacks in-depth analysis or exploration of long-term trends or consequences.
Financial Relevance: Yes
Financial Markets Impacted: Yes
Financial Rating Justification: The article discusses the decision of Morrisons to cease deliveries from Ocado’s Erith Customer Fulfilment Centre, which impacts financial markets as it involves a significant partnership between two companies in the online grocery market. It also mentions the potential impact on Ocado Retail’s network capacity and growth strategy.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.

Reported publicly: www.retailsector.co.uk