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Top related persons:
Ocado - 1 Tim Steiner - 1 James Davey - 1 Kylie MacLellan - 1
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Asia Kanto Japan Hachioji Tokyo APAC
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“ - 1 Times - 1 Thomson - 1

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☆ Ocado launches first robotic warehouse in Asia with Aeon
  + stars: | 2023-07-10 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 10 (Reuters) - British online supermarket and technology group Ocado (OCDO.L) said on Monday its first robotic warehouse in Asia, built for Japanese partner Aeon (8267.T), has gone live. The warehouse, or customer fulfilment centre (CFC) as Ocado calls them, has begun taking orders from customers across the Kanto region for Aeon's "Green Beans" brand. Ocado signed up Aeon as a partner in 2019 in a deal that anticipated the Japanese group would have an online grocery sales capacity of about 600 billion yen ($4.21 billion) by 2030 and 1 trillion yen by 2035. Ocado said Aeon's second CFC in Japan will be based in Hachioji, Tokyo, with more to follow. “Grocery spend in Asia is set to outstrip every other region of the globe over the next decade, and online remains the fastest growing channel in grocery across APAC," Ocado CEO Tim Steiner said.
Persons: Ocado, Tim Steiner, James Davey, Kylie MacLellan Organizations: “, Times, Thomson Locations: Asia, Kanto, Japan, Hachioji, Tokyo, APAC
☆ Analysis: Inflation, labour crunch prodding Japan's smaller firms to raise pay
  + stars: | 2023-04-30 | by ( Tetsushi Kajimoto Kentaro Sugiyama | Tetsushi Kajimoto | Kentaro Sugiyama | ) www.reuters.com   time to read: +5 min
Importantly, smaller firms are also starting to raise pay even as many of them face a margin crunch. Big firms offered pay hikes of 3.8% this year in annual wage talks with unions that ended in March, the largest increase in three decades. Attention has now shifted to whether small firms, which employ seven out of 10 workers in Japan, would follow suit. The BOJ's tankan business sentiment survey showed last month that small firms' current profits fell 2.7% in the last fiscal year to March, while big firms' earnings rose 11.5%. Less than half of small firms said they were able to pass on rising costs to customers as of last September, government data showed.
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