Latest news with #MFCs
Yahoo
21-05-2025
- Business
- Yahoo
Walgreens' Brooklyn Park MFC to support 200 stores across Midwest
US retailer Walgreens has opened a new micro-fulfilment centre (MFC) in Brooklyn Park in the US state of Minnesota, to support prescription dispensing and shipping. The facility will improve prescription processing, while minimising pharmacists' administrative duties. It is projected to handle 13 million prescriptions annually. The Brooklyn Park MFC will serve 200 Walgreens locations throughout the Midwest, of which 145 are in Minnesota. It will create 175 jobs and contribute substantial payroll and property tax revenues to the state and local county. Walgreens chief pharmacy officer Rick Gates stated: "Walgreens' investment in micro-fulfilment centres is another strategic step toward a brighter future for community pharmacy. Research shows that Americans want more health services at their local pharmacy, and micro-fulfilment centres help us meet those needs by allowing our pharmacists to do what they do best: spend more time with patients.' Micro-fulfilment centres use robotic technology within a centralised pharmacy setting to enhance the efficiency of dispensing and distribution to Walgreens' stores nationwide. With a network of 12 MFCs, Walgreens now supports 5,000 stores dispensing upwards of 3.5 million prescriptions on a weekly basis. These high-tech facilities have increased year-on-year shipped volumes from MFCs by 24%, with an average of 16 million prescriptions filled monthly. They manage 40% of total prescription volume by MFCs for stores using these facilities. The establishment of a recycling initiative across MFCs resulted in the recycling of 3.7 million pounds of materials such as cardboard, plastic and toner cartridges during the fiscal year 2024. Walgreens pharmacy operating model vice-president Kayla Heffington stated: 'Our pharmacists working in locations supported by our micro-fulfilment sites are spending less time filling prescriptions and more time on patient care, like providing medication adherence support or administering vaccines – all of which help strengthen the health of our communities and provide a better overall patient experience.' In April 2025, Walgreens consented to a $300m settlement of claims by US prosecutors that it unlawfully processed millions of invalid prescriptions for opioids and other controlled substances. "Walgreens' Brooklyn Park MFC to support 200 stores across Midwest" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Walgreens Grows Micro-Fulfillment Operations with New Center in Brooklyn Park, Minnesota
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is pushing forward with its investment in advanced pharmacy technology through the launch of a new micro-fulfillment center (MFC) in Brooklyn Park, Minnesota. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is an American multinational company that operates retail pharmacy chains along with pharmaceutical manufacturing and distribution businesses. The company is growing the number of retail locations served by its MFCs, which rely on robotic automation to handle high volumes of prescriptions for patients managing chronic conditions like diabetes and high blood pressure. The goal is to ease the burden on pharmacy staff by cutting down on routine tasks and reducing inventory waste. This shift allows pharmacists more time for direct patient care, including services like immunizations and diagnostic testing. The new Brooklyn Park center is set to support nearly 200 Walgreens stores across the Midwest—145 of them in Minnesota—and is expected to fill around 13 million prescriptions annually. It will also create over 175 new jobs and generate notable tax contributions at both the state and county levels. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) initially introduced these robotic fulfillment centers in 2021 but temporarily paused the rollout in 2023 to fine-tune operations and gather feedback. After implementing upgrades and developing new internal tools over the past year, the company now feels confident in restarting the expansion of this technology. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) now operates 12 micro-fulfillment centers nationwide, which collectively support over 5,000 of its stores and handle more than 3.5 million prescription orders each week. These advanced fulfillment centers have delivered strong results. Prescription shipments from these facilities rose 24% year-over-year, with about 16 million filled monthly. At supported stores, MFCs now handle around 40% of all prescriptions, freeing up pharmacists to focus on patient care like vaccinations. In addition, a recycling initiative at these centers helped divert 3.7 million pounds of cardboard, plastic, and toner cartridges from landfills in fiscal 2024. The stock is up by over 22% in 2025 so far. While we acknowledge the potential of WBA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WBA and that has 100x upside potential, check out our report about this cheapest AI stock. READ MORE: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
17-03-2025
- Business
- Associated Press
Micro Fulfillment Centers (MFCs) Strategic Industry Report 2025: Global Market to Grow by Over $25 Billion During 2024-2030, Driven by Omni-Channel Retailing, Inventory Optimization and e-Commerce
The 'Micro Fulfillment Centers (MFCs) - Global Strategic Business Report' report has been added to offering. The global market for Micro Fulfillment Centers (MFCs) was valued at US$6.2 Billion in 2024 and is projected to reach US$31.6 Billion by 2030, growing at a CAGR of 31.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. Micro fulfillment centers (MFCs) are equipped with advanced automation technologies, such as robotic picking systems and conveyor belts, which allow for the quick assembly and dispatch of orders. By being closer to the end customer, MFCs reduce the time and cost associated with last-mile delivery, making them a key component in the evolving landscape of e-commerce logistics. What's Driving the Growth of the Micro Fulfillment Centers Market? The growth in the micro fulfillment centers market is driven by several factors. The explosive growth of e-commerce is a primary driver, as more consumers opt for online shopping and demand faster delivery times. Retailers are increasingly adopting MFCs as a way to enhance their last-mile delivery capabilities and reduce transportation costs. The push for urbanization and the need for space-efficient logistics solutions in densely populated areas are also contributing to the rise of MFCs. Moreover, advancements in automation and robotics are making MFCs more viable and cost-effective, encouraging more retailers to invest in these centers to stay competitive in the fast-paced e-commerce landscape. Why Are Micro Fulfillment Centers Gaining Popularity? The popularity of micro fulfillment centers is driven by the surge in e-commerce, particularly during and after the COVID-19 pandemic, which saw a dramatic shift in consumer purchasing behavior towards online shopping. Consumers now expect faster delivery times, and MFCs offer a solution by enabling retailers to fulfill orders more quickly and efficiently. Additionally, MFCs help retailers manage inventory more effectively by allowing for quicker replenishment of stock and reducing the need for large, centralized warehouses. The ability to meet customer demands for speed and convenience while reducing operational costs makes MFCs an attractive option for retailers looking to enhance their competitive edge. How Does Technology Power Micro Fulfillment Centers? Technology is at the heart of micro fulfillment centers, enabling their rapid and efficient operations. Automation plays a significant role, with robotic systems handling much of the picking, packing, and sorting of orders, which reduces labor costs and increases accuracy. Advanced inventory management systems ensure that stock levels are optimized and that the right products are available when needed. Furthermore, the use of AI and machine learning allows MFCs to predict demand patterns, optimize space utilization, and streamline operations to ensure that orders are processed as quickly as possible. These technological innovations are crucial in allowing MFCs to meet the demands of the modern consumer. Key Insights: Market Growth: Understand the significant growth trajectory of the Store-Integrated / In-Store MFCs segment, which is expected to reach US$17 Billion by 2030 with a CAGR of a 33.6%. The Standalone MFCs segment is also set to grow at 27.1% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $1.7 Billion in 2024, and China, forecasted to grow at an impressive 41.6% CAGR to reach $9.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of major players such as Addverb Technologies, Dematic Corp., Exotec SAS, Geekplus Technology Co., Ltd., Get Fabric, Inc. and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Key Market Segments Type (Store-Integrated / In-Store MFCs, Standalone MFCs, Dark Store MFCs) Component (Hardware, Software, Services) End-Use (eCommerce End-Use, Traditional Retailers & Distributors End-Use, Manufacturers End-Use) Key Attributes: Report Attribute Details No. of Pages 375 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $6.2 Billion Forecasted Market Value (USD) by 2030 $31.6 Billion Compound Annual Growth Rate 31.1% Regions Covered Global Key Topics Covered: MARKET OVERVIEW Influencer Market Insights Micro Fulfillment Centers (MFCs) - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Rising E-commerce Demand Propels Growth in Micro Fulfillment Centers (MFCs) Increasing Consumer Preference for Same-Day Delivery Expands Addressable Market Opportunity for MFCs Urbanization Trends Drive Adoption of MFCs in High-Density Areas Technological Innovations in Automation Strengthen Business Case for MFCs Growing Need for Inventory Optimization Generates Demand for MFCs Sustainability Trends Spur Growth in Energy-Efficient Micro Fulfillment Centers Competitive Retail Landscape Throws the Spotlight on MFCs as a Strategic Advantage Omni-Channel Retailing Accelerates Demand for Integrated Micro Fulfillment Solutions Real Estate Constraints in Urban Areas Drive Adoption of Space-Efficient MFCs Rising Labor Costs Sustain Growth in Automated and Robotized Micro Fulfillment Centers FOCUS ON SELECT PLAYERS: Some of the 42 major companies featured in this Micro Fulfillment Centers (MFCs) market report include: Addverb Technologies Dematic Corp. Exotec SAS Geekplus Technology Co., Ltd. Get Fabric, Inc. Honeywell Industrial Automation Honeywell International, Inc. Knapp AG Mecalux SA Opex Corporation For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 03/17/2025 11:00 AM/DISC: 03/17/2025 11:00 AM
Yahoo
17-02-2025
- Business
- Yahoo
Dematic and Transcend Retail Solutions Partner to Revolutionize Grocery Picking
Combined expertise helps grocers improve efficiencies and customer experience ATLANTA , Feb. 17, 2025 /PRNewswire/ -- Dematic, a global leader in supply chain solutions today announced an exciting new partnership with Transcend Retail Solutions – part of the Tesco group, the UK's largest in-store and online retailer. This collaboration step changes ecommerce through a proven micro-fulfillment center (MFC). Building on a successful 20-year partnership between Tesco and Dematic, where numerous successful deployments of MFCs have been achieved over the past five years, we are proud to introduce the Transcend MFC, in partnership with Dematic. The Transcend MFC, offers a scalable and repeatable end-to-end solution, enabling grocers to enhance capacity and efficiently fulfil orders close to their customers. The established solution enables configurability and optimization, benefiting not only the online customers with better product availability and quality metrics, but the in-store customers through reduced in-store congestion. Advanced software and cutting-edge automation technologies enhance MFC operations by supporting decision-making and delivering essential insights and optimizations throughout the entire process. With Transcend's consultancy and software, each phase of the operating model is carefully planned, transforming complex WMS data into comprehensible actions for colleagues. This ensures successful automation integration within a grocery store environment. "Grocery retailers need to meet very unique demands," said Steve Hagenbuck, Senior Vice President, Global Commercial Alignment, Dematic. "Partnering with Transcend will bring industry and domain expertise to the MFC market while drawing upon Dematic's extensive automation technology experience." "Our partnership with Dematic brings together decades of solution expertise and superior automation technologies," said Oliver Vogt, CEO, Transcend Retail Solutions. "The Transcend MFC solution has been tested and has proven to be successful for both online and in-store growth in grocery. The solution enables unmatched increases in picking and replenishment rates with total productivity three times above market level for in-store picking. At Transcend, everything we do is designed by grocers for grocers." Visit us at Retail Industry Leaders Association (RILA) in Orlando, FL., or ProMat in Chicago, IL, to learn more about the Dematic and Transcend partnership. For more information about Dematic, visit or follow us on LinkedIn, Facebook, Instagram, and X. For more information about Transcend Retail Solutions, visit or follow them on LinkedIn. About DematicDematic is a global leader in supply chain automation solutions featuring advanced technologies and software empowering the future of commerce for its customers in manufacturing, warehousing, and distribution. With research and development engineering centers, manufacturing facilities, and service centers located in more than 26 countries, the Dematic global network of approximately 10,000 employees has integrated and supported automation solutions for many of the world's leading brands. Headquartered in Atlanta, Dematic is a member of KION Group, one of the world's leading suppliers of industrial trucks and supply chain solutions. About Transcend Retail SolutionsTranscend Retail Solutions is a Tesco business, leveraging Tesco's 40 years of leadership in eCommerce fulfilment. A consultancy and solutions provider run by grocers, for grocers. Transcend believes it has cracked the code for profitable fulfilment. With unique experience and diverse range of tested solutions, Transcend is on a mission to: "Empower retailers to go beyond their fulfilment limits, maximizing their ability to serve customers and stakeholders better." Media Contacts:Yolanda KokayiSenior Director, Global Marketing and Communications, Tom WilliamsVice President, MFC Lead, Transcend Retail Disclaimer:This release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction. This release contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, for example, changes in business, economic, and competitive conditions, regulatory reforms, results of technical studies, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. We do not undertake any responsibility to update the forward-looking statements in this release. View original content to download multimedia: SOURCE Dematic Sign in to access your portfolio
