ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Walmart Opens High Tech Fulfillment Center Near Indianapolis

Location marks retailer’s second-of-its-kind and largest to date; brings new career pathways

Walmart associates were joined by local elected officials and community members today to celebrate the grand opening of a new 2.2 million-square-foot fulfillment center twenty miles northeast of Indianapolis, located at 5259 W 500 N. in McCordsville. This next generation facility is Walmart’s largest fulfillment center to date, and will enable the retailer to fulfill more orders, more quickly.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230615320792/en/

McCordsville Fulfillment Center. (Photo: Business Wire)

McCordsville Fulfillment Center. (Photo: Business Wire)

“Indiana is proud to welcome this next generation Walmart fulfillment center, which represents a significant investment in our industry and our people,” said Ann Lathrop, chief strategy officer of the Indiana Economic Development Corporation. “Walmart has long been a good corporate partner in Indiana, and we’re excited to see their commitment grow in Hancock County.”

Increased Order Capacity, Faster Shipping Speeds

The McCordsville fulfillment center is the second of four next generation facilities that brings the powerful combination of people, technology and machine learning together to achieve faster shipping and delivery, while increasing Walmart.com order fulfillment capacity.

The space is Walmart’s largest fulfillment center to-date and is designed to expand access to the retailer’s next- or two-day shipping. Combined with the rest of Walmart’s fulfillment network, these next generation fulfillment centers will enable the retailer to reach 95% of the U.S. population with the service. Walmart Fulfillment Services, Walmart’s end-to-end third-party fulfillment service, will also leverage the space to fulfill Marketplace items.

“The McCordsville grand opening marks a major milestone in our supply chain modernization journey,” said Karisa Sprague, senior vice president, Fulfillment Network Operations for Walmart U.S. “With more customers shopping online, we’re leverage state-of-the-art technology to increase speed of delivery all while creating tech-empowered career opportunities for our associates.”

New Career Opportunities

Additional benefits of this game-changing technology include new career pathways – and job comfort – for associates. The McCordsville fulfillment center will be home to more than 1,000 Walmart associates. The retailer is currently hiring for a variety of positions, including tech-focused jobs. Each job brings with it a pathway for opportunity at Walmart.

“I’m pleased that nearly half of the associates in our McCordsville fulfillment center are continuing their career with us here after having worked in our Plainfield facility,” said Geoffrey Appleby, general manager, McCordsville fulfillment center. “And I’m excited to welcome new team members from the area. Together, we’ll focus on the community and our customers.”

Full-time positions qualify for Walmart’s total rewards and benefits plans, including medical, vision and dental insurance, 401(k) matching, paid time off, stock purchase plan and access to a tuition-paid college degree through Walmart’s Live Better U. Candidates can search for open positions and complete applications online at careers.walmart.com.

Continued Investment in Indiana Community

Walmart commemorated the grand opening with donations of $5,000 to two local organizations – Riley Children’s Foundation and Mt. Vernon Education Foundation. The donation reflects Walmart’s commitment to community. In fiscal year 2022, Walmart and the Walmart Foundation contributed more than $48.8 million in cash and in-kind donations to nonprofit organizations in Indiana. Walmart serves Indiana customers at 127 retail units and online through Walmart.com.

“Riley Children’s Foundation is grateful to partner with Walmart and to accept this donation that helps us ensure every child receives quality healthcare at Riley,” said Alane Helmer, assistant vice president, corporate and foundation giving, Riley Children’s Foundation. “Partnerships like this are so important as they fuel our mission to inspire people to invest in pediatric research, care and programs that support the physical and mental health of kids.”

“Walmart associates have a boundless well of generosity that sparks dreams and transforms lives,” said Renee Oldham, executive director, Mt. Vernon Education Foundation. “By extending their support this spring to the Mt. Vernon Education Foundation and the Mt. Vernon Community School District, they served as a catalyst for growth and success in our community. Through their presence in classrooms and their unwavering dedication, they not only aided but also, nurtured the aspirations of countless children. We deeply appreciate your investment in our students.”

The retailer employs over 43,000 associates in Indiana, and supports local business across the state, spending $1.1 billion with Hoosier suppliers in fiscal year 2023 and supporting 33,373 Hoosier supplier jobs.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, approximately 240 million customers and members visit more than 10,500 stores and numerous eCommerce websites in 20 countries. With fiscal year 2023 revenue of $611 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting https://corporate.walmart.com, on Facebook at https://facebook.com/walmart, on Twitter at https://twitter.com/walmart, and on LinkedIn at https://www.linkedin.com/company/walmart/.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  249.32
-4.68 (-1.84%)
AAPL  270.04
+0.99 (0.37%)
AMD  250.05
-9.60 (-3.70%)
BAC  53.54
-0.02 (-0.04%)
GOOG  278.06
-6.06 (-2.13%)
META  627.32
-10.39 (-1.63%)
MSFT  514.33
-2.70 (-0.52%)
NVDA  198.69
-8.19 (-3.96%)
ORCL  248.17
-9.68 (-3.75%)
TSLA  444.26
-24.11 (-5.15%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.