Found in Robotics News & Content, with a score of 3.92
November 22, 2021
…consistent with ISO 14040; and Scope 1, 2, 3 inventories. The boundless evaluation of Locomation's technology found that, when compared with traditional Class 8 trucks, vehicles equipped with the ARC technology could do the following: Reduce the greenhouse gas (GHG) footprint of freight transportation by 22% Cut operating costs by 19% Decrease fuel consumption by 21% Lower photochemical ozone formation by 22% Reduce the GHG abatement cost, or dollars per tonne of avoided greenhouse gas emissions, below any of the alternatives considered These conclusions are based on the ARC system’s ability to reduce truck idling by up to 90% and…
Found in Robotics News & Content, with a score of 3.91
July 23, 2024
…flexibility. Software: Mytra’s software platform optimizes bot routes, manages inventory and continuously learns and improves, adjusting to changing customer needs. This approach entirely abstracts the hardware layer and makes material flow fully software-defined, allowing operators to unlock endless new applications and future-proof their operations. Accelerating warehouse efficiency and productivity Mytra’s founding team brings expertise in hardware, software and operations from companies like Tesla, Rivian, Stitch Fix, Walmart and Slack. Walti, who, prior to Mytra, led the Optimus Humanoid Bot team along with robotics and warehouse logistics at Tesla, founded Mytra alongside Ahmad Baitalmal, who led factory software at Tesla and…
Found in Robotics News & Content, with a score of 3.89
February 02, 2022
…90-day cycles. So, getting returns back into active, available inventory is critical to loss mitigation. With that, not everyone approaches returns the same way. Restocking strategies are often designed to meet one of two scenarios: optimize for speed and/or capacity or optimize for maximum residual value of the product. Optimize for speed and/or space In focusing on speed and/or capacity, operations – especially smaller operations with low price point products– choose to liquidate or dispose of returns to eliminate restocking, processing costs and facility congestion. The operation may know it’s leaving money on the table but lacks the resources to…
Found in Robotics News & Content, with a score of 3.89
August 24, 2018
…turns to robots that can both pick and transport inventory items to address industry worker shortages. Reed has nearly 25 years of leadership experience bringing innovative ideas and products to market. He began his career as a technology consultant at Ernst & Young (now Cap Gemini) but ultimately was drawn to an entrepreneurial track. His accomplishments include helping introduce the first mobile-based online storage solution at i-drive.com; developing and executing the commercialization plan of a 3D LIDAR data processing platform at Allpoint Systems, which was acquired by Autodesk; and establishing the market presence for a new class of autonomous AGVs…
Found in Robotics News & Content, with a score of 3.87
March 22, 2024
…eliminates the costs associated with manual cycle counts, improves inventory accuracy, and ensures “Captis is completely a hands-off product,” said Philip Reece, CEO of Indro Robotics. “When we say this is ‘the future of warehouse robotics’, we mean it. It completely eliminates the dull and repetitive task of scanning by hand, freeing up employees to do more satisfying work. It also frees up or eliminates the need for equipment like modified forklifts that have been previously required for the task.” Partnerships with GreyOrange and Ericsson Along with the new AGV news, Cypher also announced two partnerships at MODEX. The Ottawa-based…
Found in Robotics News & Content, with a score of 3.86
April 12, 2023
…a decade ago. The provider of robotic fulfillment and inventory optimization software now counts Fortune 500 enterprises and fast-growing startups among its customers. Gupta helped bring GreyMatter to market Akash Gupta, the new CEO of GreyOrange. Source: GreyOrange Prior to his appointment as CEO, Gupta held executive roles at GreyOrange, including chief technology officer and chief product officer. He also played a key role in developing the gStore omnichannel retail management system, according to the company. Gupta and Kohli were “instrumental” in bringing the GreyMatter hardware-agnostic fulfillment platform to market, said GreyOrange. The software responds to customer orders and assigns…
Found in Robotics News & Content, with a score of 3.85
December 03, 2022
…as offering third-party logistics (3PL) services to manage customer-owned inventory and then deliver it back to the customer. Currently, more than 70 customers are using Medline as a 3PL. While supply shortages have been garnering headlines over the last two years, Medline recently invested an additional $500 million in buffer inventory, bringing the total in-stock inventory to $4 billion. “When it looked as if there might be a rail strike, we were able to send out a communication to our customers that we had the inventory and the fleet to take care of them,” noted Brian Bevers, senior vice president…
Found in Robotics News & Content, with a score of 3.85
May 22, 2024
…partners. We're transforming our supply chain, focusing on optimizing inventory management through enhanced technology and refined procedures, exemplified by our new distribution center.” The system will make use of Exotec's smart conveying technology, Skypath, to feed six packing stations and a sortation loop with 12 outbound destination lanes. The distribution center will support all of the company's branch locations in the upper Midwest, as well as effectively supplying direct-to-customer deliveries. “First Supply is among the first US companies in their industry to adopt cutting-edge robotics solutions for their warehouse,” said Stanislas Normand, managing director of Exotec, North America. “This not…
Found in Robotics News & Content, with a score of 3.85
January 12, 2022
…an estimated $120 billion of goods, creating a significant inventory and cost challenge. These “easy” returns have been a driver for e-commerce growth, particularly in apparel, footwear, electronics, and luxury items, said Berkshire Grey. However, the average cost of such a return, regardless of item, ranges from $20.75 to $45.25 when factoring in the costs of transportation, processing, and markdowns or liquidation to resell, the company said. “We were alerted to this when customers talked about problems for e-commerce,” said Kishore Boyalakuntla, vice president of product at Berkshire Grey. “Twenty to 30% of all things people order are returned in…
Found in Robotics News & Content, with a score of 3.85
February 23, 2024
…on skids, enabling relocation by forklift. OSARO said its system increases efficiency, improves safety, reduces labor costs, and minimizes inventory shrinkage.
Found in Robotics News & Content, with a score of 3.84
May 20, 2019
…beat tariff deadlines but that meant high levels of inventory and warehouses at record capacity. Although this could be seen as a one-off event, the ongoing trade dispute resulted in companies scrambling to re-plan their supply chains, often at high logistics cost as they ran out of storage space. Impact – Acceleration in warehousing costs, focus on efficiency and innovation Although e-commerce is adding complexity to warehouse operations, shorter delivery lead times and deployment of inventory across the supply chain, including the last mile, have become the norm. Third-party logistics providers are now quoting 10-20% rate increases for standard warehousing…
Found in Robotics News & Content, with a score of 3.83
July 01, 2021
…systems can elevate the shopping experience, track and manage inventory, as well as improve supply chain efficiency and patient care. Current Zebra offerings focusing on human workflows, such as FulfillmentEdge and SmartSight, will complement Fetch Robotics' systems to drive greater efficiencies and higher returns on investment (ROI) through better orchestration of people and technology, said the company. “Our goal is to give robots and people the opportunity to do their very best work,” said Bill Burns, chief product and solutions officer at Zebra. “This acquisition is a continuation of what we expect to be a series of innovations that reflect…
