Kroger teams with autonomous vehicle company Nuro for delivery
We continue to see signals for the adoption of autonomous vehicles that will disrupt existing business models, which in our view raises more questions about not only retail store fronts, but those companies that invest in commercial real estate. We’ve long thought the brick & mortar pain would expand to include grocery and banks, and Kroger’s (KR) move to partner with Nuro is a clear signal they share our concern.
For more on the autonomous vehicle market and its potential for disruption, listen to episode 35 of the Cocktial Investing podcast where we talk with Brad Stertz, Director of Government Affairs at Audi.
Nuro, an autonomous vehicle startup focused on local deliveries, has partnered with 135-year-old grocery retailer Kroger to offer same-day deliveries. The two have yet to announce which market this will be live in, but the plan is to launch the several-month-long pilot this fall.
Nuro’s intent is to use its self-driving technology in the last mile for the delivery of local goods and services. That could be things like groceries, dry cleaning, an item you left at a friend’s house or really anything within city limits that can fit inside one of Nuro’s vehicles. Nuro has two compartments that can fit up to six grocery bags each.
Source: Self-driving car startup Nuro teams up with Kroger for same-day grocery delivery | TechCrunch
