Found in Robotics News & Content, with a score of 15.20
…to create long-term competitive advantage in e-commerce, retail, and logistics with our AI technology and robotic solutions.” Berkshire Grey said it combines patented hardware, software, and artificial intelligence to automate fulfillment, supply chain, and logistics operations. The company claimed that it can automate pick, pack, move, store, organize, and sort operations “to deliver competitive advantage for enterprises serving today’s connected consumers.” Its customers include Global 100 retailers and logistics service providers. Berkshire Grey has a strong 2021 Berkshire Grey said the new orders reflect growing demand for robots to transform warehouse operations and meet soaring consumer expectations for on-demand order…
Found in Robotics News & Content, with a score of 21.43
…flow of returns. Berkshire Grey Inc. today introduced its Reverse Logistics system to help retailers accelerate the resale of returned goods and improve labor utilization in the returns process. “Returns processing has a significant adverse impact on the real profitability of e-commerce,” said Steve Johnson, president and chief operating officer of Berkshire Grey. “As online shopping continues to grow, returns operations, while more critical than ever post-holiday season, are struggling to keep up.” “By applying robotic automation to optimize reverse-logistics processing, e-commerce retailers and 3PLs [third-party logistics providers] have an opportunity to change the equation for e-commerce returns and turn…
Found in Robotics News & Content, with a score of 8.71
…Friday, Cyber Monday, and 12 days of Christmas promotions. Reverse logistics, the process of handling returns, is on-going and ramps up to high levels in January after the holidays as consumers return gifts and goods. The retail market, among many others, requires optimized facilities, equipped to pick, pack, and ship with flawless execution. Multiple external forces will greatly impact the 2021 peak season, and facility optimization is a core requirement to the success of meeting consumer demand with accuracy and speed. In this month's issue of Modern Materials Handling [a sibling publication to Robotics 24/7], Michael Levens, group editorial director,…
Found in Robotics News & Content, with a score of 10.21
Last week, GXO Logistics Inc. announced that its revenue increased to $2 billion for the third quarter of 2021, compared with $1.6 billion in the same period last year. The Greenwich, Conn.-based company added that the amount of technology and automation in its warehouses has increased by 139% since 2020. “Looking ahead, we expect continued growth driven by the three massive secular tailwinds of automation, e-commerce, and outsourcing,” said Malcolm Wilson, CEO of GXO Logistics, in the company's first earnings statement since it spun off from XPO Logistics. GXO claims to be “the world's largest largest pure-play contract logistics provider…
Found in Robotics News & Content, with a score of 11.89
…efficient, and flexible high-density solution that solves the complex logistics scenarios brought on by the rise in e-commerce and the need for systems that can optimize precious warehouse space intelligently,” said Geek+. It is designed to be compatible with 8-m-high racks, as well as totes, cartons, and boxes of varying width. The company said its robot can improve space utilization by 5x. The autonomous mobile robot (AMR) also has a slim and robust chassis design, a flexible doorframe, and double-deep telescopic fork arms, according to Geek+. It added that RoboShuttle can navigate narrow aisles and reach a maximum height of…
Found in Robotics News & Content, with a score of 24.63
“Pain point.” That’s not a bad summary of reverse logistics these days. However, there doesn’t seem to be enough pain in reverse logistics to get many companies to fix their generally inadequate and manual processes. Instead, they continue to receive, review, reallocate, and repeat in the same awkward way. To begin, plenty of returns are out there. Industry estimates for conventional retail is 5% of purchases get returned. That number skyrockets to 25% to 30% for e-commerce. While the former might be manageable, the latter is clearly a deluge. And with a more than 40% increase in e-commerce sales since…
Found in Robotics News & Content, with a score of 4.28
…The MFC market has high growth potential, according to Logistics IQ. It predicted that the market will reach $10 billion by 2026 at a compound annual growth rate (CAGR) of 60% between 2020 and 2026. Grocery is going to be the main contributor for this market, but general merchandise and other industries may pursue the model, said Logistics IQ. The analyst firm reported that that MFC automation typically ranges between 5,000 to 25,000 sq. ft. of space. To date, several major grocery retailers have deployed a handful of automated MFCs, though some have aggressive plans for more, including Walmart, which…
Found in Robotics News & Content, with a score of 11.26
…productivity and accuracy rates. Cargo Cove is a full-service logistics company, providing everything from same-day fulfillment to reverse logistics. The rapid rise in e-commerce, which was growing 12% a year before COVID-19 and is now forecast to add nearly $100 billion more than previous estimates every year through 2023, has created unprecedented demand for third-party logistics (3PL). It has accelerated Cargo Cove's initiative to use technology like inVia's to provide comprehensive analytics and maximized efficiency to its e-commerce customers. Southern California-based inVia Robotics was founded in 2015 and offers goods-to-person systems in a Robotics-as-a-Service (RaaS) model. inVia Logic uses AI…
Found in Robotics News & Content, with a score of 8.21
…at an automated process doesn’t work very well. Third-Party Logistics Integrations Integrating with a third-party logistics provider is often site-specific and riddled with cumbersome and unnecessary IT costs. If you decide to outsource your ecommerce channel - again, more of a long-term solution - select a 3PL that uses a single system across its network. This way, you’ll have access and visibility to every node allowing you to deploy inventory quickly (which is particularly helpful during peak times when any number of nodes may be attractive). Third-Party Logistics (3PL) and Ecommerce - The Challenge | The Opportunity | The Solution…
Found in Robotics News & Content, with a score of 10.20
…for front-end e-commerce, delivery routing, inventory management, fulfillment and reverse logistics, retailers can improve unit economics, increase speed to market and reduce capital expenditure, according to the vendors. Requiring upwards of 85% less space than typical warehouse storage and fulfillment infrastructure, Attabotics solution transforms the rows and aisles of a typical warehouse into a single, vertical storage structure that’s modular and scalable, and uses “3D” robots internally to store and retrieve items for box packers on the outside perimeter. FoodX Technologies, which has partnered with Carrefour Group and recently announced its entry into the U.S. market, provides a software solution…
Found in Robotics News & Content, with a score of 11.68
…estate investment trust company Prologis examined some challenges the logistics real estate sector has been up against, in the form of a shortage of skilled labor and well-located logistics space. The report, entitled “Automation and Logistics Real Estate #2: How Automation Can Help Navigate Urgent Supply Chain Challenges,” is the second in a series issued by Prologis. The first report, “Automation and Logistics Real Estate #1: The State of Automation in Supply Chains,” was issued last November. In addition to the shortage of skilled labor and well-located logistics space, the report highlighted what it called a severe capacity crunch in…
Found in Robotics News & Content, with a score of 9.42
…a robotics and AI company delivering retail, e-commerce, and logistics fulfillment automation to global companies, is now offering Robots as a Service (RaaS) implementation options for its solutions. Many retailers are understandably freezing CapEx due to circumstances beyond their control, and RaaS implementation models allow them to continue to lean forward with innovative technology that will serve their customers and their businesses now and in the future. Market trends, consumer behavior, and new competition have strained retail, e-commerce, grocery, convenience, and foodservice supply chains for several years. But, the impact of our current shared crisis on retail in general is…