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October 10, 2018updated 03 Nov 2021 5:45am

Fast Retailing and Daifuku partner to enhance logistics services

Japanese retail holding company Fast Retailing has entered into a strategic partnership with material handling systems firm Daifuku to enhance logistics services.

Japanese retail holding company Fast Retailing has entered into a strategic partnership with material handling systems firm Daifuku to enhance logistics services.

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As part of the deal, both companies will work together to expand their business further in the long term, as well as share knowledge and experience with each other to reform and enhance logistics systems.

Under the partnership, both companies will develop and establish advanced automation facilities to fully automate Fast Retailing’s warehouses in Japan, as well as globally.

Fast retailing and Daifuku will also form a new team with members from both companies to plan, implement and maintain the fully automated warehouses.

“Fast retailing and Daifuku will also form a new team with members from both companies to plan, implement and maintain the fully automated warehouses.”

Both companies will focus on a comprehensive set of measures such as design, devices, procurement of materials and specialised staff, construction, and trial operation to introduce and automate these facilities.

In addition, Fast Retailing and Daifuku will evaluate the current status of distribution, and develop new logistics systems to deliver products to customers faster.

The companies will also plan and implement new logistics systems to maximise the productivity of automation facilities.

Prior to this agreement, Fast Retailing and Daifuku worked together for the automation of the retailer’s Ariake warehouse.

Established in1984, Fast Retailing owns and operates various retail brands such as Uniqlo, GU, Theory, Comptoir des Cotonniers, Princesse tam.tam and J Brand.

The company currently operates 831 stores in Japan and 1,089 stores globally under the Uniqlo brand.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.