tech:

taffy

Walmart Opening Largest Ever Distribution Center For Online Orders

WalmartWalmart is opening two new centers dedicated to filling online orders, including one in Texas and one in Pennsylvania that will be its largest ever.

Walmart expects sales from its e-commerce business to exceed $10 billion globally this fiscal year. In addition to the U.S., Walmart global e-commerce sales come primarily from Brazil, China, and the UK. This holiday season Walmart will carry over five million products online, twice as last year. 

In the past two years, Walmart says it has sped up delivery by 15 percent, while reducing overall costs by 10 percent by optimizing the way orders are shipped using Walmart’s different physical locations. Part of this optimization is enabled by algorithms developed by Walmart Labs, that determine the best shipping node based on the customer location and items ordered.  

Over 10 percent of units ordered on Walmart.com are now shipped to a customer’s door from a store, and more than 50 percent of these orders are delivered in two days or less.

[Image courtesy: Walmart]

Just in

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.