Kraft Heinz Inks Multi-Year Cloud, AI Agreement With Microsoft

Kraft Heinz Co KHC has partnered with Microsoft Corp MSFT to develop digital solutions for the supply chain process.
The multi-year cloud and AI agreement will focus on joint innovations across Kraft Heinz operations and product portfolios.
Kraft Heinz will migrate most of its global data center assets to the Microsoft Azure cloud platform and its enterprise resource planning (ERP) software to SAP on Azure.
Through this adaptation, Kraft Heinz expects to reimagine its day-to-day operations, create a more collaborative supply chain, and improve consumer experiences by using real-time predictive analytics to enhance inventory transparency and anticipate consumer and channel demand.
Price Action: KHC shares traded higher by 2.32% at $44.36 on the last check Thursday.