Robotics & Automation News

Market trends and business perspectives

retail

Brain Corp partners with Google Cloud to introduce analytics solution for retailers

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Brain Corp, an artificial intelligence company creating technologies in robotics, is partnering with Google Cloud to launch “BrainOS Inventory Insights”, a new and proprietary solution able to deliver next generation in-store inventory analytics to retailers. 

Brain Corp, which already powers the largest global fleet of autonomous robots in public spaces and the world’s largest fleet of robotic inventory scanners, will now offer retail customers “a true end-to-end solution” for analyzing the inventory data collected by its BrainOS powered inventory scanning robots.

Using BrainOS Inventory Insights, retailers will be able to quickly identify out-of-stock and low stock events, assess product details such as where an item is (product location), if it’s in the correct location (planogram compliance) and ensure it’s priced correctly (​​price tag compliance). [Read more…] about Brain Corp partners with Google Cloud to introduce analytics solution for retailers

4 Real-World Examples of Warehouse Automation to Spark Your Inspiration

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By Will Schneider, founder, InsightQuote

Companies around the world are investing in advanced automation systems. One goal behind the trend is streamlining their daily operations – these systems improve workplace safety, efficiency, and reduce overall operation costs.

When it comes to warehouse companies, they use automated systems to scale their operations according to fluctuating market demands, to sustain round-the-clock operations, and so on.

The technology behind these systems is advancing on an almost daily basis. This is leading companies to integrate more and more advanced digital solutions into their existing warehouse operations. [Read more…] about 4 Real-World Examples of Warehouse Automation to Spark Your Inspiration

5 Free Software and Tools to Automate Your Retail Store

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You have been managing your retail store really well, as you are a jack of all trades. But, for how long? 

As your business will grow, you need to adopt automation to make profits in the long run. No matter if you just opened a retail store or you are an online B2C or B2B retailer, automating your tasks and processes can save you tons of hours, money and other resources.

Owners can use retail store automation tools to automate marketing, backend & frontend tasks, drop shipping, tax calculation, customer service, warehouse operations, and a lot more. [Read more…] about 5 Free Software and Tools to Automate Your Retail Store

Badger Technologies teams up with BRdata to give retail robots more insight

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Badger Technologies, a product division of Jabil and maker of a retail stock-taking robot, has teamed with BRdata Software Solutions to assist grocers in attaining actionable data and aggregated analytics to improve store profitability, operational efficiencies and shopping experiences.

Real-time inventory, pricing and trend data collected by Badger Technologies’ multipurpose autonomous robots can be ingested by BRdata’s cloud-based retail software to support identifying discrepancies and resolving on-shelf product and pricing problems with increased agility and accuracy.

Through seamless integration of Application Programming Interfaces (APIs), Badger Technologies and BRdata empower grocers to transform operations and customer shopping experiences. [Read more…] about Badger Technologies teams up with BRdata to give retail robots more insight

Busy Beaver partners with Badger Technologies

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Badger Technologies, a product division of Jabil and maker of a retail automation robot, says its multipurpose autonomous robots have been selected for some work by Busy Beaver Building Centers, operator of 25 full-line home improvement centers in Pennsylvania, Ohio and West Virginia.

Following a successful pilot launched earlier this year, Badger Technologies is deploying production robots starting at a new store in Delmont, Pennsylvania, where associates seamlessly manage more than 33,000 Stock Keeping Units (SKUs) while embracing the latest in retail automation to improve operations and shopping experiences.

As part of Busy Beaver’s commitment to adopt leading-edge technology, the company has fully embraced Electronic Shelf Labels to eliminate manual price changes, as well as more closely monitor in-store traffic and buying trends. [Read more…] about Busy Beaver partners with Badger Technologies

Revenues from robotics implemented in retail stores to cross $8.4 billion by 2030

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As the world emerges from the global pandemic, retail is growing at levels not seen in the last two decades. Retail sales grew by 7 percent in 2020 and by over 14 percent in 2021, which is in stark contrast to the 3.7 percent annual growth between 2010 and 2019.

The increased demand for retail has put a strain on supply chains and retail operations worldwide. As a result, retailers and stakeholders are turning to automation solutions such as mobile robotics for operational ease.

According to global technology intelligence firm ABI Research, worldwide commercial robot revenue in retail stores will have a Compounded Annual Growth Rate (CAGR) of over 25 percent from 2022 to 2030 and exceed $8.4 billion by 2030. [Read more…] about Revenues from robotics implemented in retail stores to cross $8.4 billion by 2030

Ottonomy closes $3.3 million seed funding round

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Ottonomy has closed its seed funding round of $3.3 million, bringing its total funding to date to $4.9 million.

The funding is planned to support the scale of Ottobots for fully autonomous airport, retail and restaurant deliveries with its robots.

The funding round is led by Pi Ventures who back deep tech startups. Connetic Ventures and Branded Hospitality Ventures and the Founder & CEO of Addverb Technologies, Sangeet Kumar, also joined this round; making the group a dynamic mix from retail, food and robotics industry investors for Ottonomy’s seed round. [Read more…] about Ottonomy closes $3.3 million seed funding round

Robots in retail: Delivering the goods in 2022

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By Ritukar Vijay, CEO at Ottonomy

Retailers are feeling the heat from rising labor costs, and are increasingly looking to automated solutions to keep worker costs down.

According to a February 28, 2022 story in The Wall Street Journal, US retailers spent 4 percent more cash on labor costs in the fourth quarter of 2021, compared to the same period in 2020.

Big box brands like Target, Costco, and Walmart are all raising wages above beyond the $15 minimum wage level to secure the staffing they need to stay competitive. For retailers, restaurants, and other consumer-facing businesses, the wage growth issue stems from a burgeoning problem – not enough workers. [Read more…] about Robots in retail: Delivering the goods in 2022

Simbe Robotics partners with Fast Radius to build new Tally robot

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Fast Radius, a cloud manufacturing and digital supply chain company, is partnering with Simbe Robotics to manufacture components critical to the function and aesthetics of Simbe’s inventory robot, Tally 3.

Simbe says it has “reimagined the possibilities of automation” to create new efficiencies in retail stores and selected Fast Radius’ Cloud Manufacturing Platform because of its ability to bypass current supply chain disruptions through flexible production.

This results in faster time to market versus traditional manufacturing processes and helps the business scale. [Read more…] about Simbe Robotics partners with Fast Radius to build new Tally robot

Vallarta Supermarkets test retail robot from Badger Technologies

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Badger Technologies, a product division of Jabil and leader in retail automation, has deployed a pilot program with Vallarta Supermarkets, a chain of 53 full-service markets throughout California, to reinforce operational and customer-service excellence.

Badger Technologies multipurpose autonomous robots support the retailer by identifying hazards at five Vallarta Supermarkets in Fresno, Kern, Los Angeles and San Bernardino counties.

Vallarta also is testing the robot’s inventory management capabilities at a sixth location aimed at improving on-shelf product availability. [Read more…] about Vallarta Supermarkets test retail robot from Badger Technologies