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Associated Food Stores Powers Up Phase One of Distribution Center Automation Project with Symbotic Technology

1. Symbotic and AFS activate a warehouse modernization initiative in Utah. 2. The automation improves efficiency and product delivery for AFS retailers. 3. Symbotic's technology enhances inventory utilization and SKU availability. 4. AFS aims to empower local retailers with advanced tools and resources. 5. Current distribution center staff will retain jobs during automation.

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FAQ

Why Bullish?

The successful activation of Symbotic's system improves supply chain efficiency, which can enhance revenue growth. Historical implementations of automation technology in warehouse settings have often led to increased stock performance due to improved operational efficiency.

How important is it?

The advancements in Symbotic's technology directly enhance the operational capabilities of AFS, indicating growth potential for SYM. Given SYM's role as a leader in automation, positive outcomes from AFS could elevate overall market perception of the company.

Why Short Term?

The immediate impact will be seen through operational improvements, likely reflected in financial results in coming quarters. Companies like Amazon have shown that similar technological enhancements can quickly translate to market advantages.

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, /PRNewswire/ -- Associated Food Stores (AFS), a leading provider of groceries and other goods and services to independent retailers in nine Intermountain states, and Symbotic Inc. (Nasdaq: SYM) announced the successful activation of an ambitious warehouse modernization initiative at AFS' Utah distribution center. This milestone advances AFS' 85-year commitment to efficiency and service for nearly 500 independent grocers in the Intermountain West. Symbotic's end-to-end automation system, with robotic case pick capabilities, will allow AFS' distribution center to improve a variety of retail-facing experiences, including overall supply, expanded selection and delivery of products to stores. With improved accuracy and aisle-friendly pallet deliveries to stores, the system enables increased speed to shelf and SKU availability for AFS' customers, while improving inventory utilization for AFS itself. To celebrate this achievement, AFS will host a special event on Thursday, March 6, at 10 a.m. MT, featuring a commemorative power-up ceremony and a guided tour of the newly implemented Symbotic system. Media representatives, industry partners and other stakeholders are invited to attend and witness firsthand the state-of-the-art automation technologies now operational within the facility. The automation initiative is designed to transform the distribution center into a next-generation facility equipped to meet both current and future demands."The successful activation of phase one is a testament to our dedication to providing exceptional service to our member retailers," said David Rice, AFS' president and CEO. "By embracing advanced automation and partnering with Symbotic, we are positioning ourselves at the forefront of supply chain innovation, ensuring that our retailers receive products more efficiently and accurately than ever before."Symbotic's Chairman and CEO, Rick Cohen, reinforced this sentiment: "We are excited to provide AFS with the innovation, flexibility and reliability provided by Symbotic's advanced A.I. and warehouse automation technology. We look forward to working with AFS for its next phase and continuing to support its retailers with a superior service experience."According to Glen Keysaw, AFS' vice president of distribution, "Implementing the Symbotic system creates great opportunities for our distribution center team members to grow their skill sets and expand their future opportunities with the company. Due to the proactive efforts of our management team, all current team members at the distribution center will have jobs going forward and the distribution center will continue supporting current and future independent grocers throughout the Intermountain West."This initiative underscores AFS' mission to empower local retailers with the tools and resources necessary to compete and thrive in an evolving marketplace.ABOUT ASSOCIATED FOOD STORESAssociated Food Stores was established in 1940 when 34 independent retailers joined together to battle high supplier costs and competition from large chain stores. That fighting spirit has continued to help the grocery wholesaler grow over the last 75 years. With a focus on independent retailers, AFS has changed the way these retailers operate and allowed them to prosper. AFS currently serves nearly 500 retailers across the Intermountain West. For more information about Associated Food Stores visit www.afstores.com. ABOUT SYMBOTICSymbotic is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world's largest retail, wholesale, and food & beverage companies. Applying next-generation technology, high-density storage and machine learning to solve today's complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce, Symbotic transforms the flow of goods and the economics of the supply chain for its customers. For more information, visit www.symbotic.com. SOURCE Associated Food Stores WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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