Market trends and business perspectives
Simbe Robotics, which specializes in robotics and artificial intelligence for retail, has completed two separate funding deals.
One was a Series A equity financing round, and the other was an inventory financing agreement with SoftBank Robotics.
Simbe says the financing will allow the company to increase efficiencies in production and deployment of its Tally robot. [Read more…] about Simbe Robotics raises $26 million in Series A funding round
By Travis Smith, founder and CTO, WithoutWire Inventory Sciences
A typical process to move parts from a warehouse to a field technician generates a 77 percent reduction in barcode scans using automated optimization
Field technicians are paid to do their job, not to study software manuals. Many field techs are under 40 and have spent their lives using Android and iOS apps. These solutions are easy to install; with a minimal learning curve, automating, tracking, and replenishing truck inventory in real-time is now possible. [Read more…] about There’s an app for that: Automating the moving of parts from warehouses to field service technicians
SoftBank Robotics America (SBRA) and Simbe Robotics have announced a global partnership on retail inventory handling. Simbe Robotics, creator of Tally, the world’s first autonomous shelf auditing and analytics robot, will use SBR’s international reach and operational efficiencies to increase its business globally.
SBR and Simbe aim to expand the use of Tally in Japan, North America and Europe in the near future and more broadly over the coming years.
Tally is claimed to give retailers visibility and insight into the state of store merchandise, with alerts for out-of-stock, low stock, and misplaced items; audited product price tags and promotional execution; autonomous inventory audits; and continuous in-store performance insights for brand and retail service partners.
[Read more…] about Softbank and Simbe partner to promote retail robot
By Thomas Cutler
Until now pick-to-light equipment has represented a significant fixed capital expense with little consideration for variable use, often driven by seasonality, warehouse/distribution variance, and project management flux.
From manufacturers to 3PL (third-party logistics) companies, these swings in low or high usage represented a level of waste as purchased lights went unused and wasted.
Pick-to-light is a fulfilment technology which uses alphanumeric displays and buttons at storage locations to guide the manual picking and recording of items for shipment. [Read more…] about Next generation pick-to-light offers dynamic automation scalability
Bossa Nova Robotics and Digimarc are collaborating to automate planogram compliance by combining the two companies’ scanning and robotics technologies.
A planogram is a visual representation of the layout of a store and the arrangement of its products.
Bossa Nova says its robot would help retailers make more strategic, money-saving inventory management decisions. [Read more…] about Bossa Nova Robotics partners with Digimarc on retail product scanning technology
By Thomas R. Cutler
Consumer spending trends suggest this holiday season for retailers and logistics companies will drive an improvement of 15 per cent year-over-year.
With retail sales in the US expanded 0.8 per cent in October after a strong 1 per cent gain in September, the Wall Street Journal’s Josh Mitchell reported, in the best two-month stretch of sales in at least two years.
The brisk spending is a strong sign that the economy is picking up steam, with both wages and employment rising. The expansion, mostly e-commerce, proves that once again online sales are growing at triple the rate of overall retail sales. [Read more…] about Consumer demand, and the demanding consumer, for the holidays
