Found in Robotics News & Content, with a score of 0.41
December 13, 2021
…public such as Aurora, AutoStore, Berkshire Gray, DiDi, DoorDash, JD Logistics, Uber, and WeWork. More transaction details The minimum cash of the transaction is fully covered by the $405 million of committed equity capital that Symbotic and SVFC have raised, reducing potential transaction uncertainty. Symbotic also expects to receive an additional $174 million in cash from Walmart by the end of December to be used for general corporate purposes as a result of Walmart gross exercising warrants it holds in the Company. At closing, assuming no SVFC public shareholders exercise their redemption rights, existing Symbotic equity holders are expected to…
Found in Robotics News & Content, with a score of 1.31
October 03, 2021
…quarter of 2021, reported Digital Commerce 360. Retailers and logistics companies are under pressure to improve throughput while maintaining worker safety. Developers have responded to this need with new robots and software. Processing orders optimally Researchers at the Viterbi School of Engineering at the University of Southern California recently collaborated with Shanghai University of Finance and Engineering. They studied online shopping experiences and created a system that would enable JD.com to optimize robots within warehouses as they scurry about processing orders. The intent was to allow robots to move quickly without any collisions. The research team developed a mathematical method…
Found in Robotics News & Content, with a score of 0.96
September 14, 2021
…by a robust pipeline of customer growth as the company capitalizes on the vast supply chain and rapidly growing logistics market.” Founded in 2001, Tiger Global is based in New York, with offices in Hong Kong, Singapore, Bangalore, and Melbourne. Since 2003, the firm’s private equity business has invested in technology companies including Locus Robotics, Facebook, LinkedIn, JD.com, Spotify, Peloton, Instacart, DoorDash, and Waymo.
Found in Robotics News & Content, with a score of 0.70
September 14, 2021
…Locus added that its technology can help retailers, third-party logistics providers (3PLs), and specialty warehouses efficiently meet or exceed the increasingly complex demands of fulfillment environments. In addition, the company said its robots can easily integrate into existing warehouse infrastructures without disrupting workflows. This year, Locus Robotics marked a half-billion units picked and made the list of Inc. 500, ranking No. 428. “We've almost doubled in size in the past year,” said Kary Zate, senior director of marketing communications at Locus. “Our customer base has also grown in the past two years.” “Among the things that make Locus different are…
Found in Robotics News & Content, with a score of 1.29
August 23, 2021
…Adhish Luitel, an analyst for supply chain management and logistics at ABI Research. “These robots, made up of autonomous guided vehicles (AGVs) and autonomous mobile robots (AMRs), are being used to move goods within the warehouse and being integrated within wider automated or manual workflows.” Worldwide commercial robot revenue in warehouses will have a compound annual growth rate (CAGR) of over 23% from 2021 to 2030 and will exceed $51 billion (U.S.) by 2030, said the research firm last week. Warehouse robots mature In the past few years, warehouse operators have moved from the early exploration phase to deployments as…
Found in Robotics News & Content, with a score of 2.18
August 03, 2021
…Inceptio's nationwide autonomous freight service network and transforming 'sweat logistics' into 'smart logistics' in the near future.” Founded in 2018, Inceptio has focused on SAE Level 3 and 4 self-driving technologies. It said it is working with automakers and logistics providers on a “new generation of TaaS (transportation as a service) that is a safer, more efficient, and more cost-effective freight network.” Xuanyuan gets ready for mass production Since 2019, Inceptio Technology said it has jointly developed autonomous, heavy-duty trucks with China's leading OEMs. Xuanyuan includes algorithms for long-range sensing, robust controls, and fuel-efficient autonomy to address the unique challenges…
Found in Robotics News & Content, with a score of 1.17
March 02, 2020
…and secure supply chain.Digital Transformation Solution Provider Award – JD.com End User Award – GE Appliances JD Logistics, an independent business group under the JD.com umbrella, created its open platform for digital supply chain. The idea is to provide companies of all sizes to run a digital supply chain even without internal resources. This comprehensive and integrated supply chain service spans from procurement to physical distribution leveraging intelligent planning, production and supply chain across digital technologies including 5G. Digital transformation at GE Appliances is not just a big picture approach. It is comprehensive, and required just 18 months to go…
Found in Robotics News & Content, with a score of 2.52
December 02, 2019
…chain. Companies have started implementing technological changes in crucial logistics functions across various internal processes covering supply chain planning, procurement, sales & operational planning and customer services. For example, under its “Strategy 2025,” Deutsche Post DHL Group will be spending around EUR 2 billion on digitization until 2025 and the digitization investment is expected to lead to yearly benefits of at least EUR 1.5 billion by 2025. Major drivers of a digital supply chain include demand for greater visibility and transparency in supply chain data process, faster adoption of Internet of Things (IoT), increasing investment in supply chain innovation, and…
