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Stock impact report

We ‘don't have enough manpower' for the delivery boom, says Singapore-based robotics founder [Yahoo! Finance]

Serve Robotics Inc. (SERV) 
Last serve robotics inc. earnings: 2/27 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.servicemaster.com
Company Research Source: Yahoo! Finance
With two googly, animated eyes and lockers on their back, the robots navigate automatic doors, elevators and turnstiles, delivering packages right to an office's front door. These robots are the creation of Singapore-based AI logistics firm QuikBot Technologies. Alan Ng founded QuikBot in 2021, during the COVID-19 pandemic. Restaurants and eateries shuttered as people sheltered in place, but e-commerce boomed in the pandemic years, causing the demand for delivery services to skyrocket. Yet Ng observed that there weren't enough people to get goods where they needed to go. “We simply don't have enough manpower,” Ng said, particularly in wealthier economies like Singapore, Japan and Korea. A crucial, yet costly, part of the process is last-mile delivery: Getting a package from a local distribution hub to someone's home or office. “A driver can take ten minutes to park the car below your building and bring the parcel to you,” he says. “Even with all our tech, we're still stuck at th Show less Read more
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