According to The Australian Financial Review, Coles will spend close to a billion dollars over the next six years fitting out huge state-of-the-art automated warehouses in Sydney and Brisbane to be developed by Goodman Group.
The shuttle and conveyer belt technology within the new 66,000 square metre high bay warehouses – the size of about nine soccer pitches laid side by side – will be developed by German automation specialist Witron and will require very little human involvement, a growing trend globally within the industrial sector as retailers seek greater efficiencies in their supply chains.
Coles has budgeted to spend $950 million over the next six years on the new distribution hubs which will replace five manually-operated smaller warehouses. It will also recognise a $146 million pre-tax provision in its 2019 interim results for the cost of redundancies and exiting existing leases.
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