Ocado

Founded in 2000 by Jonathan Faiman, Jason Gissing and Tim Steiner, Ocado initially operated as L.M. Solutions. In 2001, the business was renamed to Ocado. The firm is headquartered in the United Kingdom and is one of the leading online stores in the country. 

Ocado plans to partner with SOMA, a Soft Manipulation consortium, in order to use robotic packers to handle its stock. In 2020, it entered a joint venture with Marks & Spencer. Moreover, in 2021, the business collaborated with Wayne pertaining to autonomous grocery deliveries. Several other clients of the company include Coles, Kroger, Morrisons, etc. 

The company also owns a mobile app called Ocado on the Go. Furthermore, in 2015, Ocado launched its online platform, Ocado Smart Platform. Moreover, in partnership with M&S, the company launched a website called Ocado Retail. Another online platform that the business owns is Ocado solutions.

Ocado owns several subsidiaries such as:

• Ocado Retail: an online grocery platform, which is also the biggest retail grocery platform in the world.
• Ocado Solutions: an online for grocery retailers around the world to develop and boost their business
• Ocado Technology: a leading technology business and a disruptive innovator. 
• Ocado Engineering: this department builds and maintains the company’s automated warehouses 

Over 50 000 references are available in its online shop.

The firm has been awarded various titles such as E&T Innovation Award, Grocer cup 2020, CCW Excellence Awards, etc. 

In the financial year 2022, Ocado reported a turnover of €2.8 billion and it currently employs 19,347 people. 

In 2021, customer orders increased by 9% every week compared to the prior year. A total of 22% increase in active customers,  which accounts to 832, 000, was registered.

In February 2023, the company announced that it will price-match 10,000 Tesco goods. 

Concerning logistics, the business owns a customer fulfillment centre in Hampshire. Furthermore, in 2021, Ocado opened a new fulfillment warehouse in Purfleet. 

With regards to the environment, the company indulges in several measures such as using reusable face covers which are made by female prisoners, contributing to vulnerable children’s education, incorporating innovations for a greener future, etc.