Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Ocado Retail, a joint venture between Marks & Spencer Group and Ocado Group, has announced its sixth customer fulfilment centre (CFC) will be located in Bristol.
The facility, which will be Ocado Retail's first mini-CFC, will have the capacity for over 30,000 orders per week, compared to approximately 85,000 orders per week expected from Ocado CFC 5, which is currently under construction at Purfleet.
The group said the new facility is being built in an existing warehouse and is expected to go live at the end of 2020 or early 2021, bringing new capacity into operation 'significantly faster' than for purpose-built standard-sized CFCs.
The Bristol mini-CFC, which will consist of a 150,000 square foot warehouse in Avonmouth delivered by St. Modwen, is expected to support around 815 jobs in the local area.
Ocado stated that, despite its smaller size, the Bristol mini-CFC is expected to achieve productivity close to that in its standard facilities.
Ocado Group chief executive Tim Steiner said: 'The Ocado Smart Platform is constantly evolving as we innovate to adapt to changing customer needs. We can now deliver the best customer experience across a whole range of customer missions, through CFCs, mini-CFCs, and micro fulfilment centres.'
At 8:13am: (LON:OCDO) Ocado Group Plc share price was +3.5p at 1169.5p