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Stock impact report

GXO deploys robotics solution for European sporting goods retailer [Yahoo! Finance]

GXO Logistics, Inc. (GXO) 
Company Research Source: Yahoo! Finance
The robotics system will expedite order processing, bolster agility in responding to seasonal volume fluctuations and deliver significant efficiency savings. GXO Logistics has deployed 500 autonomous mobile robots that can manage 70,000 bins across the 5.5m-tall storage racks at the retailer's sites. The solution implementation across more than 12,000m² of sites is part of GXO's complete transformation of its regional omnichannel supply chain. GXO stated that its robots enhance productivity, accuracy and safety. Their lightweight and easily transportable nature gives GXO the flexibility to swiftly relocate them within the warehouse or to other sites in response to seasonal demands. GXO chief automation officer Adrian Stoch said: “We're pleased to have completed the successful implementation of this first-of-its-kind automated solution in Europe. “The success here is a reflection of the power and scale of our global team, where we have leveraged expertise and resources acr Show less Read more
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