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growth

Cheesy technology: Sargento increases outbound fulfillment with Westfalia warehouse automation

February 2, 2023 by David Edwards Leave a Comment

A Sharp History of Expertise: About the Customer

There’s a reason cheese heads live in Wisconsin, a state with a long, well-established history in the commercial cheese industry dating back to 1837.

In fact, there were over 2,800 cheese factories in the northern border state by the 1920s so, it’s no surprise that modern, high-quality cheeses originate there as well.

Sargento Foods founded in Plymouth, Wisconsin, in 1953, has grown into a powerhouse of cheese manufacturing and is a dominant brand across the United States. [Read more…] about Cheesy technology: Sargento increases outbound fulfillment with Westfalia warehouse automation

Filed Under: Features, Manufacturing Tagged With: as/rs, automation, capacity, cheese, company, distribution, growth, needed, order, picking, sargento, solution, space, storage, system, warehouse, westfalia

5 Reasons Why You Should Invest in Tesla this 2023

February 2, 2023 by Mark Allinson Leave a Comment

By Cooper Haywood, WallStreetZen.com

Tesla, Inc. is a company that is at the forefront of the integration of robotics and automation in the automotive industry.

Founded in 2003 by a group of engineers who wanted to prove that electric cars could be better than gasoline-powered cars, Tesla has become a leader in developing and implementing advanced technologies in electric vehicles (EVs) and autonomous driving.

In recent years, Tesla has made significant strides in the EV market, revolutionizing the way we think about transportation and energy. [Read more…] about 5 Reasons Why You Should Invest in Tesla this 2023

Filed Under: Business Tagged With: company, electric, financial, future, growth, investing, market, potential, strong, tesla, vehicles

Supply chain robotics company Symbotic reports $12 billion in orders

February 1, 2023 by Mark Allinson Leave a Comment

Symbotic, a provider of AI-enabled robotics technology for the supply chain, has released financial results for its first fiscal quarter ended December 24, 2022.

Symbotic posted revenue of $206.3 million, a net loss of $68.0 million and an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) loss of $16.3 million for the first quarter of fiscal 2023.

In the same quarter of fiscal 2022, Symbotic had revenue of $77.1 million, a net loss of $23.1 million and an adjusted EBITDA loss of $21.3 million. [Read more…] about Supply chain robotics company Symbotic reports $12 billion in orders

Filed Under: Business, News Tagged With: adjusted, ebitda, fiscal, growth, loss, quarter, revenue, symbotic

Industrial robotics market set for ‘overwhelming’ growth to $96.82 billion in revenues by 2032

February 1, 2023 by Mark Allinson Leave a Comment

Sales in the global industrial robotics market are expected to total $33.75 billon by 2022, rising at a compound annual growth rate of 19.2 percent during the forecast period 2022-2028.

A 2022–2028 opportunity assessment and a global industry analysis are part of new market research on the industrial robotics market from Future Market Insights. The report analyses the industrial robotics market and makes significant forecasts for the years 2019 to 2029.

The industrial robotics market is projected to reach $96.82 billion by the end of 2028. As more focus is placed on increasing the productivity of high-volume production lines, particularly in the production of semiconductors and electronic devices, the market is expanding. [Read more…] about Industrial robotics market set for ‘overwhelming’ growth to $96.82 billion in revenues by 2032

Filed Under: Features, Industrial robots Tagged With: asia, global, growth, industrial, market, robotics

Industrial robot components market set for higher growth over next decade

February 1, 2023 by Mark Allinson Leave a Comment

The global industrial robot components market is expected to be valued at $6.3 billion in 2023 and it is anticipated to grow at a compound annual growth rate of 13.9 percent to reach $23.2 billion by the end of 2033.

Over the 2018-2022 historical period, the global industrial robot component market registered a compound annual growth rate of 12.5 percent, according to Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 13.9 percent compound annual growth rate between 2023 and 2033.

Market share analysis of industrial robot components based on application and region is provided in a nutshell in the above image. Under the application segment, the robot arm/manipulator sub-segment dominates with a 29.1 percent market share in 2023. [Read more…] about Industrial robot components market set for higher growth over next decade

Filed Under: Features, Industrial robots Tagged With: americas, annual, application, articulated, billion, component, components, compound, demand, growth, increased, industrial, installed, market, percent, period, rate, robot, robots, sector, share, units

Dutch shoe retailer Schuurman Schoenen implements Magazino robots

January 31, 2023 by Mark Allinson Leave a Comment

The robotics company Magazino has won Schuurman Schoenen as a new customer for the mobile picking robot TORU.

The Dutch company, known for offering a wide range of shoes, will use the robots in its warehouse in Neede, Netherlands.

By using the TORU robot, Schuurman Schoenen is implementing flexible automation for the manual picking process of shoeboxes. [Read more…] about Dutch shoe retailer Schuurman Schoenen implements Magazino robots

Filed Under: Logistics, News Tagged With: automation, customers, dutch, e-commerce, flexible, growth, intelligent, magazino, mobile, operate, order, picking, robot, robots, schoenen, schuurman, services, solution, toru

Universal Robots reports record annual revenue of $326 million

January 29, 2023 by Mark Allinson Leave a Comment

Universal Robots, the Danish collaborative robot company, has reported Q4 revenue of $85 million, bringing 2022 annual revenue to $326 million, up 5 percent on 2021.

On a constant currency basis, growth over the year was 12 percent.

Kim Andreasen, Universal Robots’ chief financial officer, says: “We are proud to have continued to grow our business despite facing a difficult macroeconomic environment in 2022. [Read more…] about Universal Robots reports record annual revenue of $326 million

Filed Under: Industrial robots, News Tagged With: annual, automation, change, company, demand, despite, global, grow, growing, growth, kim, percent, revenue, robots, universal, year

Aerones raises $30 million to develop wind turbine maintenance robot

January 16, 2023 by Mark Allinson Leave a Comment

Aerones, a Latvia-based company specializing in robot-enabled wind turbine maintenance and inspection, has secured $30 million in growth capital to scale its business globally.

The capital will be used to help the Company meet surging demand in a market which is expected to reach $50 billion in value by 2028.

The funding round was co-led by Lightrock, the global growth equity investor, and Haniel, the European family-owned purpose-driven investor. [Read more…] about Aerones raises $30 million to develop wind turbine maintenance robot

Filed Under: Energy, News Tagged With: aerones, capital, company, equity, global, growth, inspection, investor, maintenance, market, power, robot-enabled, robotic, round, services, turbine, wind

Kodiak Robotics equips autonomous trucks with Ambarella AI system-on-chip

January 9, 2023 by Mark Allinson Leave a Comment

Kodiak Robotics, a self-driving trucking company, has agreed a partnership with Ambarella, an edge AI semiconductor company, to integrate Ambarella’s CV2AQ AI perception system-on-chip (SoC) into its self-driving trucks for all camera data processing.

To kick off the partnership publicly, Kodiak will exhibit one of its self-driving trucks at Ambarella’s demo event in Las Vegas during the 2023 Consumer Electronics Show (CES).

Don Burnette, founder and CEO, Kodiak, says: “Our focus on building the world’s safest and most reliable self-driving trucks requires us to seek out the best partners. [Read more…] about Kodiak Robotics equips autonomous trucks with Ambarella AI system-on-chip

Filed Under: Computing, News Tagged With: acquisition, america, bronze, capabilities, continued, copper, customers, distributor, founded, growth, heyco, hummock, industrial, industries, manufacturer, manufacturing, metals, national, north, product, products, quality, service, wieland

Wieland acquires Heyco Metals and National Bronze Manufacturing

January 9, 2023 by Mark Allinson Leave a Comment

With the acquisition of Hummock Industries, Wieland has acquired Heyco Metals, a leader in light and medium gauge copper, copper alloy, and stainless steel strip processing, and National Bronze, a manufacturer and distributor of bronze-based bearing products.

Hummock Industries is a family-owned holding company focused on long-term investments in North American-based manufacturing companies.

These complementary operations will further strengthen Wieland’s market position with expanded product offerings, manufacturing capabilities, and distribution networks in North America. [Read more…] about Wieland acquires Heyco Metals and National Bronze Manufacturing

Filed Under: News Tagged With: acquisition, america, bronze, capabilities, continued, copper, customers, distributor, founded, growth, heyco, hummock, industrial, industries, manufacturer, manufacturing, metals, national, north, product, products, quality, service, wieland

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Overused words

ai applications automated automation automotive autonomous business china companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile operations platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse

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Latest news

  • AMD launches Kria ecosystem program to help developers bring automation solutions to market faster
  • Manufactured in the metaverse: Mercedes-Benz designs virtual factories with Nvidia Omniverse
  • Foxconn plans to build autonomous vehicles on Nvidia computing platform
  • Geek+ provides 82 robots to C-StoreMaster’s new $20 million distribution warehouse in Huntsville, Alabama
  • Flexiv launches ‘revolutionary’ force-controlled parallel robot
  • The Core Concepts of Successful Online Stock Investing
  • UPS and Gap units partner to offer ‘unmatched automation and supply chain capabilities’ to apparel merchants
  • stow Robotics and Phononic collaborate to design cold chain fulfillment solutions
  • Three strikes and you’re out! Humans give up on robots after multiple mistakes
  • China overtakes USA in robot density

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