Robotics & Automation News

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Sole Source Capital acquires Peak-Ryzex and Optical Phusion

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Sole Source Capital, an industrial-focused private equity firm, has acquired Peak-Ryzex from Keystone Capital and Optical Phusion from its founders, two leading providers of automatic identification, data capture and factory automation solutions.

The companies will be merged and led by Peak-Ryzex CEO Juliann Larimer, CFO Michele Adams and Optical Phusion president Tony Rivers. Terms of the transactions were not disclosed.

The combination will yield significant technological and operational synergies as well as deliver enhanced cross-selling opportunities to a broad set of clients ranging from small and medium sized businesses to Fortune 500 companies – all seeking supply-chain logistical support. [Read more…] about Sole Source Capital acquires Peak-Ryzex and Optical Phusion

Can robots save the e-commerce holiday season?

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It’s getting close to Christmas and that means it’s time for e-commerce fulfillment managers to start getting worried about the availability of labor for the holiday season.

According to a recent article in Supply Chain Dive, “this year’s peak season promises additional challenges in recruiting new hires as the pool of available labor shrinks”.

As the article points out, the US unemployment rate hit a 50-year low in September 2019. [Read more…] about Can robots save the e-commerce holiday season?

Geek+ smart warehouses break Single’s Day record with 8 million orders delivered in 72 hours

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Geek+ says it implemented and completed large-scale scheduling of more than 4,000 robots in its smart warehouses during this year’s 11.11 Singles’ Day shopping festival.

China’s largest smart warehouse network processed a record 8 million orders in 72 hours.

Geek+ says “the successful deployment is a fantastic validation of the strength of the robotics-as-a-service business model” and the flexibility and efficiency of smart warehouses during periods of peak orders, including the ultimate challenge of the world’s largest shopping festival. [Read more…] about Geek+ smart warehouses break Single’s Day record with 8 million orders delivered in 72 hours

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