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Walmart partners with Helios AI for supply chain resilience software

Feb 23, 20255 months ago

Contract Type

partnership

BentonvilleRetailCommerce and Shopping

Description

Walmart has named Helios Artificial Intelligence a winner of its 11th Annual Open Call and signed a deal to provide its climate risk and price forecasting software for the US retail giant, aiming to strengthen its supply chain. Helios AI's Co-founder and CEO, Francisco Martin-Rayo, commented on Walmart's leadership in leveraging artificial intelligence for supply chain resilience and the urgent need to climate-proof supply chains.

Company Information

Company

Walmart

Location

Bentonville, Arkansas, United States

About

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 220 million customers and members visit approximately 10,500 stores and clubs under 48 banners in 24 countries and eCommerce websites. With fiscal year 2021 revenue of $559 billion, Walmart employs over 2.2 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 corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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