Walmart Partners with Ranpak to Automate Packaging in Fulfillment Centers

Why Is Ranpak Stock Climbing Tuesday? - Ranpak Hldgs (NYSE:PACK), Walmart (NYSE:WMT)

Ranpak Holdings Corp PACK shares moved higher on Tuesday after the company revealed an expanded partnership with Walmart Inc. WMT. The retail giant will install Ranpak's AutoFill systems across its Next Generation Fulfillment Centers as part of a multi-year automation agreement aimed at boosting efficiency and reducing packaging waste. Under the agreement, Walmart will deploy the automated packaging machines at five key fulfillment centers nationwide. Also Read: Shaq's Record-Breaking Walmart Spree Ends In Credit Card Decline: 'I Told Them I'd Be Back, Then The American Express Security Guard Called Me' The rollout is designed to speed up deliveries, streamline operations for associates, and cut excess packaging materials. Ranpak, a leader in sustainable packaging automation and AI-driven robotics, first introduced the AutoFill solution at Walmart's McCordsville, Indiana facility. According to Benzinga Pro, PACK stock has lost over 20% in the past year. The upcoming installations will include centers in Pennsylvania, Illinois, Texas, and California. The new deal represents a significant scaling of Ranpak's presence within Walmart's supply chain operations. The AutoFill system, launched in 2021, uses machine vision and artificial intelligence to measure empty space in shipping boxes. Combined with Ranpak's Decision Tower, the technology automatically determines the optimal amount of filler material, reducing waste and minimizing product damage during delivery. The process also increases throughput, enabling faster customer shipments and allowing associates to focus on higher-value tasks. "Our collaboration with Walmart represents a significant milestone for Ranpak as we continue to scale our automation capabilities to meet the needs of the world's largest retailers," said Omar Asali, chairman and CEO of Ranpak. Asali noted that Walmart's investments highlight a shared goal of simplifying employee workloads while maximizing supply chain performance. "At Walmart, we are constantly seeking solutions that increase speed of service for our customers and simplify work for our associates," said Vik Gopalakrishnan, senior vice president of automation engineering at Walmart. "Ranpak's Autofill system offers us a meaningful way to reduce packaging waste and get our products into our customers' hands faster." According to Benzinga Pro, WMT stock has gained over 25% in the past year. Investors can gain exposure to the stock via Global X Funds Global X PureCap MSCI Consumer Staples ETF GXPS. The deal highlights Walmart's broader strategy to lean on automation for supply chain improvements, while giving Ranpak an opportunity to expand its footprint with a global retail leader. Price Action: WMT shares are trading lower by 0.53% to $95.62 at last check Tuesday. PACK shares are trading higher by 20.70% to $5.830 at the time of publication. Read Next: Ford, SK On Kickstart EV Battery Production At $5 Billion Kentucky Assembly Plant Image via Shutterstock PACKRanpak Holdings Corp$5.8921.9%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentum9.44Growth21.51QualityN/AValue32.97Price TrendShortMediumLongOverviewWMTWalmart Inc$95.53-0.56%GXPSGlobal X Funds Global X PureCap MSCI Consumer Staples ETF$24.77-0.55%Market News and Data brought to you by Benzinga APIs

Ranpak Holdings Corp. and Walmart Join Forces to Roll Out Automated Technology and Sustainable Packaging Collaboration

Ranpak Holdings Corp. announced a major expansion of its existing relationship with Walmart. Under the terms of this strategic agreement, Walmart will install numerous Ranpak AutoFill systems across its five Next Generation Fulfillment Centers, streamlining its fulfillment process, reducing packaging waste, and simplifying work for associates. The DecisionTower uses machine vision and AI to detect package contents and identify the precise amount of void fill material needed to offer optimal product protection. It then communicates that information to the AutoFill machine, which dispenses the paper void fill, closes, and seals the box. Walmart currently utilizes Ranpak AutoFill machines at its McCordsville, IN fulfillment center. The upcoming deployment will include Greencastle, PA, Joliet, IL, Lancaster, TX, and Stockton, CA. This agreement represents an intentional investment that prioritizes speed to customers and removes friction for associates. Introduced in 2021, Ranpak's AutoFill system, when paired with Ranpak's Decision Tower, is a fully automated solution for void filling and box closing that leverages an innovative, AI-powered machine vision technology to precisely measure voids. This enables the optimal amount of paper filler required to protect products during shipment, significantly reducing waste and shipping contents damage while improving throughput. By streamlining the end-of-line packaging process, the AutoFill solution allows Walmart to ship customer orders faster by removing another step in an already streamlined process and allows fulfillment center associates to focus on fulfilling orders more efficiently for customers.