Target Bolsters Fulfillment Speed
As Target continues to bolster its fulfillment methods to compete with Amazon, the company has made another move to improve its delivery times. Target Corp. will acquire Grand Junction, a transportation technology company, to improve and expand its delivery capabilities. The acquisition will also accelerate Target’s investments and ongoing efforts to transform its supply chain. Currently, Grand Junction is working with Target on its same-day delivery pilot at the Target store in New York’s Tribeca neighborhood.
“Grand Junction’s technology and algorithms will help Target deliver to guests faster and more efficiently,” said Arthur Valdez, executive vice president, chief supply chain and logistics officer, Target. “This acquisition is part of Target’s ongoing efforts to strengthen Target’s supply chain to provide greater speed, reliability and convenience for guests.”
San Francisco-based Grand Junction offers a software platform that’s used by retailers, distributors and third-party logistics providers to manage local deliveries through a network of more than 700 carriers. Upon deal close, Grand Junction’s employees will become Target team members.