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…yet automated, according to GXO Logistics Inc. The Greenwich, Conn.-based company recently announced its fourth-quarter earnings for 2021. It said its revenue increased from $2 billion in last year's third quarter to $2.3 billion in Q4, thanks in part to its increasing use of automation. GXO, which claimed to be “the world's largest pure-play contract logistics provider,” cited the growth…
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…is the daily challenge of reverse logistics, an intensive, particularly labor-bound process that basically reverses the fulfillment process. In addition, there are more quirks and exceptions, like non-uniform packaging of items returned by consumers and the extra step of goods inspection before items can be returned to inventory for resale or other dispensation. This makes those “free and easy” returns…
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…recognized that robotics could help reverse productivity declines and fill repetitive jobs human workers don’t want,” stated Jeff Burnstein, president of A3. “It is no longer a choice whether to deploy robots and automation. It’s now an absolute imperative.” “As we’ve long believed—and users continue to confirm—robots help companies compete, ultimately creating more jobs to handle their growth,” he added.…
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…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…
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…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…
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…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…
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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…
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…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…
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…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…
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…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…
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…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…
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…operations. From pallet conveyance to reverse logistics and kitting to machine tending, our turnkey solutions combine hardware and software to help you drive operational savings and repurpose labor to more value-added roles. Increase Depalletizing Throughput at Lower Operational Costs Monday, April 12 at 2:15 p.m. CT Reduce labor expenses and safety risks by shifting workers out of the depalletizing operation.…
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…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…
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…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…
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…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…
From geometry preparation to AI-assisted analysis, integrated CFD workflows…
Software-based GripperAI manages mixed picking through basic geometry
Safety, communication and motion control components enable smooth operation
North America’s largest robotics and automation event winds down
