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As Amazon Fresh looms, Ocado aims to sell more tech than food

Investors see technology, not food, as the most important product for the world's biggest online grocery specialist

Ocado has invested hundreds of millions of pounds into its UK distribution centres, and this coupled with the thin margins in the grocery business means the company has reported just one annual profit in its 15-year history.


AT Ocado Group plc's warehouse in Hatfield, a half-hour north of central London by train, hundreds of red shopping crates wind their way through a labyrinth of conveyor belts.

The plastic crates make a series of pit stops where workers fill them with any of 45,000 different...

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