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Guide on Risk Management Strategies for Freight Forwarders

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Risk Management Tips for Freight Forwarders in the Post-Pandemic Economy



Freight forwarders are an integral part of the global economy. Global trade would not function without their logistical expertise.

But as the world shifts to globalization, supply chains are becoming more complex. How can freight forwarders deal with old and emerging trends? Here are risk management strategies for freight forwarders in the post-pandemic era. [Read more…] about Guide on Risk Management Strategies for Freight Forwarders

Apptronik raises $15 million for its humanoid robots

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Apptronik, an Austin-based robotics company specializing in the development of exoskeletons and collaborative robotics systems, says it raised $14.6 million in a Seed Round, including Capital Factory, Grit Ventures, Perot Jain and other strategic investors.

This funding will go toward fulfilling the company’s current customer orders while accelerating the commercialization of one of the industry’s first mass-produced humanoid robots capable of working alongside humans.

Apptronik is positioned to scale its deep portfolio of safe, intelligent, versatile, and adaptable robotic technology for unstructured environments across enterprises. [Read more…] about Apptronik raises $15 million for its humanoid robots

Majority of US businesses looking to bring production closer to home

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Some 70 percent of US businesses are looking to bring production closer to home, according to a survey by industrial automation giant ABB.

In response to the Covid-19 pandemic, geopolitical disputes, raw materials shortages and trade issues that have rocked global economies and supply chains, a majority of US-based companies are planning to relocate production closer to their facilities in America.

Surveying 1,610 executives in the US and Europe, ABB found that 70 percent of US businesses are planning changes in their operations, with 37 percent planning to bring production back home and 33 percent looking to nearshore and shift their operations to a closer location. [Read more…] about Majority of US businesses looking to bring production closer to home

Velodyne Lidar signs multi-year agreement with Boston Dynamics

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Velodyne Lidar has agreed a multi-year contract for its lidar sensors with Boston Dynamics, a developer of mobile robotics.

Boston Dynamics selected Velodyne’s sensors to provide perception and navigation capabilities for its highly mobile robots, which are capable of tackling the “toughest robotics challenges”.

Velodyne’s lidar sensor solutions enable mobile robots to operate autonomously and safely, without human intervention. They provide real-time 3D perception data for localization, mapping, object classification and object tracking. [Read more…] about Velodyne Lidar signs multi-year agreement with Boston Dynamics

Fictiv secures $100 million in funding to solve ‘urgent supply chain risks’

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Fictiv, a provider of on-demand manufacturing, has closed a $100 million Series E funding round.

Fictiv says this investment will advance its mission to accelerate product innovation with an expanded focus on decreasing supply chain risk through its best-in-category technology and product experience.

This unique combination of benefits helps Fictiv’s customers tackle both the continuous, competitive pressures to innovate faster and address the relentless, daily supply chain disruptions. [Read more…] about Fictiv secures $100 million in funding to solve ‘urgent supply chain risks’

automatica event to showcase future-ready production through robotics and automation

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How can global supply chains be made less vulnerable? How can we make production more sustainable and conserve resources?

And how to implement a quick transition towards digital production so that the European economy will be powerful and fit for the future?

Around 600 exhibitors from all over the world will provide answers to these questions and present solutions for the entire range of automation topics at automatica, the world’s leading robotics and automation exhibition, which will be held in Munich from June 21 to 24. [Read more…] about automatica event to showcase future-ready production through robotics and automation

Dematic to ‘accelerate supply chain innovation’ with Google Cloud

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Dematic, a subsidiary of the global intralogistics provider KION Group, has agreed a partnership to “transform the supply chain industry” through accelerated cloud innovation.

Dematic aims to bolster supply chain resiliency and deliver go-to-market solutions by combining Dematic’s supply chain expertise with Google Cloud’s cutting-edge cloud, artificial intelligence and machine learning technologies.

The partners will join forces to leverage shared learnings that will drive rapid cloud innovation. By migrating Dematic’s offerings to the cloud and introducing AI and ML, Dematic will improve customers’ supply chain execution. [Read more…] about Dematic to ‘accelerate supply chain innovation’ with Google Cloud

Symbotic debuts on Nasdaq under ticker ‘SYM’

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Symbotic, a developer of AI-enabled robotics automation technology, says that shares of its Class A common stock are now trading on the Nasdaq Stock Market under the ticker symbol “SYM”.

Symbotic’s trading debut comes after the completion of its business combination with SVF Investment, a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers. The combined company now operates as Symbotic.

Symbotic is at the forefront of an addressable market opportunity valued at over $350 billion to reinvent warehouse automation and reshape the global supply chain. [Read more…] about Symbotic debuts on Nasdaq under ticker ‘SYM’

DHL surpasses 100 million units picked with Locus Robotics machines

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DHL Supply Chain, the contract logistics subsidiary of Deutsche Post DHL Group, says it has surpassed 100 million units picked in its North American facilities by LocusBots from Locus Robotics.

The milestone was achieved in DHL’s Hanover Township, Pennsylvania location, fulfilling orders for a major apparel retailer. The milestone achieved in this facility is one of more than a dozen DHL sites in North America, using more than 2,000 LocusBots – more than any other contract logistics company.

Sally Miller, CIO, DHL Supply Chain North America, says: “As this milestone illustrates, our unrivaled implementation and productization of assisted picking robots has been a tremendous success for our customers’ supply chains. [Read more…] about DHL surpasses 100 million units picked with Locus Robotics machines

Walmart and Symbotic expand partnership to implement automation system

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Symbotic, an AI-powered supply chain technology company, and Walmart have expanded their commercial agreement to implement Symbotic’s robotics and software automation platform in all 42 of Walmart’s regional distribution centers over the coming years.

This is an expansion of Walmart’s prior commitment to deploy Symbotic Systems in 25 regional distribution centers.

The end-to-end software-enabled high-density robotics platform plays a strategic role in supporting the retailer’s goal of modernizing its vast supply chain network and allows Walmart to transform its regional distribution centers to provide faster responsiveness to store orders, increased inventory accuracy and higher capacity for receiving and shipping freight to stores. [Read more…] about Walmart and Symbotic expand partnership to implement automation system