Home > News > featured news > West Side Transport Announces the Opening of a New Logistics Hub in Chattanooga, Tennessee

Transportation

West Side Transport Announces the Opening of a New Logistics Hub in Chattanooga, Tennessee

West Side Transport | February 08, 2022

West_Side_Transport
Cedar Rapids, IA-based, family-owned, and operated, West Side Transport has announced the opening of a new logistics hub in Chattanooga, Tennessee. This expansion into the southeastern region of the United States will allow the asset-based trucking, logistics, and warehousing provider to continue its strategic growth across North America. The Chattanooga facility is West Side's eighth location.

The Chattanooga service center strengthens West Side's truckload asset network and the new warehousing opportunities provide a solid foundation for us to deliver the premium service our customers expect and deserve." 

Jim Russo, Vice President of Sales.

The full-service facility will create terminal and warehousing job opportunities to further support West Side Transport's growing current, and future, customer base. With the opening of the Chattanooga logistics hub, West Side will be offering a variety of new driving positions with a range of home time options.

At West Side, drivers come first, The Chattanooga facility not only gives us an opportunity to provide a home daily position but allows West Side the ability to connect with our drivers domiciled in Chattanooga and surrounding areas. Our main concerns are providing a quality paycheck, getting the driver home, treating every driver with the respect they deserve, and having a terminal located near our driver base. This facility will help us in accomplishing these goals."

Ron Joseph, Chief Operating Officer.

West Side Transport, headquartered in Cedar Rapids, Iowa, is a dry-van carrier operating a fleet of 550 late-model power units, 2,100 dry-van trailers, and multiple warehouses. West Side Transport has been in operation for over 45 years and is recognized as a "Carrier of Choice" in the trucking industry, with terminals located in Cedar Rapids, IA, South St. Paul, MN, Glenwood (Chicago), IL, Canton, MI, Columbus, OH (two locations), Indianapolis, IN, and Chattanooga, TN.

Spotlight

Hegelmann Logistics warehouse building project

The last stage of warehouse development project was completed last year by adding a new 7800 m2 building to the rest of Hegelmann Logistics facilities in Kaunas, Lithuania.

More featured news

Spotlight

Hegelmann Logistics warehouse building project

The last stage of warehouse development project was completed last year by adding a new 7800 m2 building to the rest of Hegelmann Logistics facilities in Kaunas, Lithuania.

Related News

Supply Chain

Interos Annual Supply Chain Report Unveils $37M Benefit to Organizations Taking Swift Action on Supply Chain Disruption

prnewswire | August 11, 2023

Interos, creator of the world's first and only automated supplier resilience platform, today released "Invisible Threats: Resilience 2023", the third edition of its closely-watched annual survey of 750 supply chain leaders spanning financial services, aerospace and defense, energy, and other global industries. The report was conducted with market research firm Vanson Bourne. It identifies a new threshold for opportunity in the post-pandemic era, with leaders affirming that better prevention and a faster response to continued disruptions could save their organizations an average of $37M annually. The report notes the frequency of supply shocks have increased 33% since its 2022 survey, with the average organization suffering $82M in annual losses due to four "significant" disruptions. Notably, 90% of organizations are unaware of sub-tier supplier disruptions until 48 hours after their occurrence, leaving enterprises ill-prepared to mitigate damage and loss affecting their brand, reputation, and profitability. The data shows enterprises face numerous new and emerging supply challenges – including climate change, geopolitical turmoil, rising sanctions and controls, inflation, and financial instability. Over the last 12 months, most organizations have encountered multiple significant disruptions that required considerable mitigation efforts. Key Highlights The average organization assesses just 56% of its critical suppliers for vulnerabilities, creating weaknesses and blind spots across the rest of its supply base. 74% of procurement leaders agree that they cannot comply with emerging supply chain/third-party regulations without supporting data, analytics, and risk management software. The average annual cost of individual supply chain disruption categories were similar, ranging from $43M to $47M – illustrating the importance of continuous sub-tier mapping and monitoring across multiple risk variables; restrictions-related risks trigger the costliest disruptions. Achieving supplier resilience has emerged as an essential competitive differentiator – yet a majority of organizations still lack the knowledge, resources, processes, and tools necessary to effectively manage hidden supplier or third-party risks. "Only 5% of today's Chief Procurement Officers believe they have the ability to continuously pre-empt risk and build resilience in their companies," said Interos Founder and CEO, Jennifer Bisceglie. "In today's turbulent landscape, merely having superior products and solutions falls short. Embracing supply chain resilience is the key to safeguarding revenue, reputation, and ensuring regulatory compliance. Unmanaged risks can be turned into competitive advantage when enterprises adopt a 'resilience by design' strategy to take control of risk to satisfy customers and drive growth." The results of Interos' survey highlight the continued and urgent need for organizations to redefine resilience and seize momentum. One survey participant admitted, "We assumed everything would work flawlessly, and now we know it doesn't." Interos' AI-powered relationship discovery and risk assessment platform helps enterprises pre-empt risk and prevent disruption. Gartner recognized the pioneering resilience provider in its Sample Vendor 2023 Gartner® Hype Cycle™ for Procurement and Sourcing Solutions. Inc. magazine also named Interos one of its 2023 Fastest Growing Regional Companies. About Interos Interos is the AI-first operational resilience company – helping clients achieve Resilience by Design™. Our pioneering scoring and relationship discovery technologies enable customers to automate risk assessment, detection, and response. As the world's first, and only, automated supplier resilience platform, we map and monitor physical and digital supply chains at scale to protect organizations from regulatory violations, unethical labor, cyber-attacks, bankruptcy, catastrophe, and other systemic vulnerabilities. Interos serves a variety of commercial, government, and public sector customers around the world including a host of Global Fortune 500 companies from within the members of the Five Eyes nations.

Read More

Supply Chain

GXO Drives Operational Excellence in U.K. Logistics with AI Innovation

GXO Logistics, Inc | September 20, 2023

GXO Logistics collaborates with Datasparq to successfully deploy AI solutions, boosting operational efficiency and reducing environmental impact through transportation route optimization. The company's partnership with industry leaders like Körber's Operator Eye solution transforms its warehousing operations, focusing on automation efficiency, picking accuracy, and streamlined processing times. GXO's AI-driven route optimization delivers significant environmental benefits, exemplified by its partnership with U.K. retailer Iceland. Reducing road miles, fuel consumption, and carbon emissions underscores GXO's commitment to sustainability. GXO Logistics, a leading pure-play contract logistics provider, has unveiled the successful deployment of artificial intelligence solutions in its operations. Collaborating with Datasparq, the company has leveraged AI to enhance efficiency, reduce costs, and mitigate its environmental footprint through route optimization in transportation. Additionally, GXO is transforming its warehousing operations by partnering with industry leaders like Körber's Operator Eye solution to improve automation efficiency, enhance picking accuracy, and streamline processing times. This strategic integration of AI underscores GXO's commitment to operational excellence and prioritizing the safety and well-being of its workforce. This collaboration yields remarkable results, particularly in tailored route optimization tools, exemplified by the operations transformation for renowned U.K. retailer Iceland. GXO expertly manages four distribution centers across three temperature ranges, diligently serving over 1,100 stores nationwide on Iceland's behalf. Applying cutting-edge AI technology within this complex network, spanning over 50 million kilometers annually, has delivered substantial benefits. Steve Pennington, Supply Chain Director of Iceland, stated, “Iceland was the first food retailer internationally to join the Climate Pledge, a commitment to be net-zero carbon by 2040." [Source – Globe Newswire] Minimizing road miles and reducing fuel consumption across their fleet without compromising customer service. Steve further mentioned that, with the incorporation of new technologies like AI and through their strong partnerships with GXO and Datasparq, they were progressing towards this goal. GXO Logistics has positioned itself as an industry leader in automation, with approximately 30% of its revenue originating from automated solutions, a substantial increase compared to the industry average of 8%. In the first quarter of 2023, the company set a remarkable record by achieving a 64% year-over-year increase in total technology and automated solutions deployment. This demonstrates GXO's unwavering dedication to harnessing the power of artificial intelligence to optimize its logistics operations comprehensively. GXO remains on top of technological changes in the logistics industry, and keeps giving its customers more value by improving its speed, accuracy, and service quality. Iceland's commitment to sustainability is underscored by the reduction of over 900,000 kilometers driven from a single depot each year, leading to a remarkable decrease in diesel consumption by more than 25,000 liters and a substantial overall carbon emission savings of over 720 tonnes. In addition, this strategic AI implementation empowers GXO drivers to allocate more time to high-value tasks, significantly enhancing productivity and job satisfaction. This success story exemplifies GXO's dedication to innovation, efficiency, and sustainable logistics solutions.

Read More

Supply Chain

SoftBank Group and Symbotic Establish New Warehouse-as-a-Service Joint Venture To Transform Supply Chain Services Through Automation and A.I.

businesswire | July 31, 2023

SoftBank Group Corp. a leader in A.I.-powered automation technology for the supply chain, today announced the establishment of GreenBox Systems LLC (“GreenBox”), a new joint venture to address the more than $5001 billion annual warehouse-as-a-service market opportunity. Concurrently, Symbotic also announced an approximately $7.5 billion new customer contract with GreenBox, who will be the exclusive provider of Symbotic systems in the warehouse-as-a-service market, and will make supply chain services available to customers. GreenBox will automate supply chain networks globally by operating and making accessible Symbotic’s advanced A.I. and automation technology for the warehouse. Symbotic’s A.I.-powered robotics and software technology will be the cornerstone of GreenBox, installed in single and multi-tenant facilities. The efficiency, SKU agility, scalability, and density of the Symbotic system allows GreenBox to effectively manage single and multi-tenant facilities across the supply chain and thus fundamentally reshape the economics of automated supply chain services. Enabled by these technologies, GreenBox customers will be able to reduce inventory and costs while boosting SKU count and agility, all without associated capital expenditures and operational complexity. “We are pleased to partner with SoftBank in this venture that accelerates our shared vision to transform the supply chain,” said Rick Cohen, Symbotic’s Chairman and CEO. “GreenBox enables Symbotic to bring the benefits of our technology to a broader customer universe, expanding our market opportunity.” “GreenBox taps into the powerful potential of A.I. and other enabling technologies in supply chains, while also making the benefits of automation accessible to more businesses through an ‘as-a-service’ offering. In partnership with Symbotic, GreenBox will equip customers with more intelligent, streamlined, and scalable warehousing solutions while eliminating the burden of major capital expenditures,” said Vikas J. Parekh, Managing Partner at SoftBank Investment Advisers. GreenBox will order Symbotic’s systems over a six-year period commencing in fiscal year 2024, to be implemented across its warehouse network in larger-scale deployments than Symbotic’s current installed base systems. Symbotic expects in excess of $500 million in annual recurring software, parts and services revenue from GreenBox once all systems are operational. Symbotic systems typically become fully operational within 24 months of project design approval. GreenBox’s board of managers will comprise three managers, one nominee from each of Symbotic and SoftBank, and one independent manager. GreenBox’s management team will be independent from Symbotic and SoftBank. Transaction and Implementation Details SoftBank and Symbotic own 65% and 35% of GreenBox, respectively, with the joint venture established today. GreenBox will initially be funded with $100 million of capital contributed pro rata by Symbotic and SoftBank to fund operating expenses and initial system purchases. After Symbotic’s initial $35 million pro rata capital contribution, the contract is expected to be accretive to Symbotic's annual free cash flow (net of capital contributions). Symbotic has issued warrants to SoftBank representing up to 2.0% of Symbotic’s fully diluted shares outstanding, which will vest in 0.25% increments upon payment of each $937.5 million to Symbotic for installation of Symbotic systems under the GreenBox contract. The warrants have a 6-year term and strike price representing Symbotic’s 45 trading day volume weighted average price (VWAP) as of July 21, 2023, of $41.9719 per share. Separately, SoftBank has purchased approximately 17.8 million shares from Symbotic Chairman and CEO, Rick Cohen, at Symbotic’s 45 calendar day VWAP as of May 26, 2023, of $28.05 per share. This sale is 100% secondary shares and will not result in any dilution to Symbotic shareholders. Goldman Sachs & Co. LLC served as exclusive financial advisor and Sullivan & Cromwell LLP as legal advisor to Symbotic. Investor Call Details Symbotic plans to hold an investor call on Monday, July 24, 2023, at 8:00 a.m. ET to discuss this announcement. The call will be hosted by Rick Cohen, Chairman and CEO, Bill Boyd, Chief Strategy Officer, and Tom Ernst, Chief Financial Officer. Symbotic Technology Symbotic’s end-to-end automation consists of a fleet of fully autonomous robots with advanced vision and sensing capabilities. These robots induct, store, retrieve and palletize products in their native packaging at industry-leading throughput rates and with 99.9999% accuracy. Symbotic’s A.I.-powered software orchestrates the work of hundreds of mobile robots to fulfill customer orders from within the high-density buffering and storage structure that flexibly handles virtually unlimited SKUs. The A.I.-enabled system builds mixed-SKU pallets with unmatched speed and efficiency, ultimately changing the way consumer goods are moved through the supply chain. The disruptive technology enhances warehouse density and capacity; increases inventory turns, reduces errors and waste; and enables faster fulfillment of customer orders. Currently, Symbotic systems service more than 2,600 stores for some of the world’s largest retailers, grocers and wholesalers, including Walmart, Albertsons and C&S Wholesale Grocers. About Symbotic Symbotic is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world’s largest retail, wholesale, and food & beverage companies. Applying next-generation technology, high-density storage and machine learning to solve today's complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce, Symbotic transforms the flow of goods and the economics of the supply chain for its customers. About SoftBank Group The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in AI, smart robotics, IoT, telecommunications, internet services, and clean energy technology providers; the SoftBank Vision Funds and SoftBank Latin America Funds, which are investing more than US$160 billion to help extraordinary entrepreneurs transform industries and shape new ones.

Read More

Supply Chain

Interos Annual Supply Chain Report Unveils $37M Benefit to Organizations Taking Swift Action on Supply Chain Disruption

prnewswire | August 11, 2023

Interos, creator of the world's first and only automated supplier resilience platform, today released "Invisible Threats: Resilience 2023", the third edition of its closely-watched annual survey of 750 supply chain leaders spanning financial services, aerospace and defense, energy, and other global industries. The report was conducted with market research firm Vanson Bourne. It identifies a new threshold for opportunity in the post-pandemic era, with leaders affirming that better prevention and a faster response to continued disruptions could save their organizations an average of $37M annually. The report notes the frequency of supply shocks have increased 33% since its 2022 survey, with the average organization suffering $82M in annual losses due to four "significant" disruptions. Notably, 90% of organizations are unaware of sub-tier supplier disruptions until 48 hours after their occurrence, leaving enterprises ill-prepared to mitigate damage and loss affecting their brand, reputation, and profitability. The data shows enterprises face numerous new and emerging supply challenges – including climate change, geopolitical turmoil, rising sanctions and controls, inflation, and financial instability. Over the last 12 months, most organizations have encountered multiple significant disruptions that required considerable mitigation efforts. Key Highlights The average organization assesses just 56% of its critical suppliers for vulnerabilities, creating weaknesses and blind spots across the rest of its supply base. 74% of procurement leaders agree that they cannot comply with emerging supply chain/third-party regulations without supporting data, analytics, and risk management software. The average annual cost of individual supply chain disruption categories were similar, ranging from $43M to $47M – illustrating the importance of continuous sub-tier mapping and monitoring across multiple risk variables; restrictions-related risks trigger the costliest disruptions. Achieving supplier resilience has emerged as an essential competitive differentiator – yet a majority of organizations still lack the knowledge, resources, processes, and tools necessary to effectively manage hidden supplier or third-party risks. "Only 5% of today's Chief Procurement Officers believe they have the ability to continuously pre-empt risk and build resilience in their companies," said Interos Founder and CEO, Jennifer Bisceglie. "In today's turbulent landscape, merely having superior products and solutions falls short. Embracing supply chain resilience is the key to safeguarding revenue, reputation, and ensuring regulatory compliance. Unmanaged risks can be turned into competitive advantage when enterprises adopt a 'resilience by design' strategy to take control of risk to satisfy customers and drive growth." The results of Interos' survey highlight the continued and urgent need for organizations to redefine resilience and seize momentum. One survey participant admitted, "We assumed everything would work flawlessly, and now we know it doesn't." Interos' AI-powered relationship discovery and risk assessment platform helps enterprises pre-empt risk and prevent disruption. Gartner recognized the pioneering resilience provider in its Sample Vendor 2023 Gartner® Hype Cycle™ for Procurement and Sourcing Solutions. Inc. magazine also named Interos one of its 2023 Fastest Growing Regional Companies. About Interos Interos is the AI-first operational resilience company – helping clients achieve Resilience by Design™. Our pioneering scoring and relationship discovery technologies enable customers to automate risk assessment, detection, and response. As the world's first, and only, automated supplier resilience platform, we map and monitor physical and digital supply chains at scale to protect organizations from regulatory violations, unethical labor, cyber-attacks, bankruptcy, catastrophe, and other systemic vulnerabilities. Interos serves a variety of commercial, government, and public sector customers around the world including a host of Global Fortune 500 companies from within the members of the Five Eyes nations.

Read More

Supply Chain

GXO Drives Operational Excellence in U.K. Logistics with AI Innovation

GXO Logistics, Inc | September 20, 2023

GXO Logistics collaborates with Datasparq to successfully deploy AI solutions, boosting operational efficiency and reducing environmental impact through transportation route optimization. The company's partnership with industry leaders like Körber's Operator Eye solution transforms its warehousing operations, focusing on automation efficiency, picking accuracy, and streamlined processing times. GXO's AI-driven route optimization delivers significant environmental benefits, exemplified by its partnership with U.K. retailer Iceland. Reducing road miles, fuel consumption, and carbon emissions underscores GXO's commitment to sustainability. GXO Logistics, a leading pure-play contract logistics provider, has unveiled the successful deployment of artificial intelligence solutions in its operations. Collaborating with Datasparq, the company has leveraged AI to enhance efficiency, reduce costs, and mitigate its environmental footprint through route optimization in transportation. Additionally, GXO is transforming its warehousing operations by partnering with industry leaders like Körber's Operator Eye solution to improve automation efficiency, enhance picking accuracy, and streamline processing times. This strategic integration of AI underscores GXO's commitment to operational excellence and prioritizing the safety and well-being of its workforce. This collaboration yields remarkable results, particularly in tailored route optimization tools, exemplified by the operations transformation for renowned U.K. retailer Iceland. GXO expertly manages four distribution centers across three temperature ranges, diligently serving over 1,100 stores nationwide on Iceland's behalf. Applying cutting-edge AI technology within this complex network, spanning over 50 million kilometers annually, has delivered substantial benefits. Steve Pennington, Supply Chain Director of Iceland, stated, “Iceland was the first food retailer internationally to join the Climate Pledge, a commitment to be net-zero carbon by 2040." [Source – Globe Newswire] Minimizing road miles and reducing fuel consumption across their fleet without compromising customer service. Steve further mentioned that, with the incorporation of new technologies like AI and through their strong partnerships with GXO and Datasparq, they were progressing towards this goal. GXO Logistics has positioned itself as an industry leader in automation, with approximately 30% of its revenue originating from automated solutions, a substantial increase compared to the industry average of 8%. In the first quarter of 2023, the company set a remarkable record by achieving a 64% year-over-year increase in total technology and automated solutions deployment. This demonstrates GXO's unwavering dedication to harnessing the power of artificial intelligence to optimize its logistics operations comprehensively. GXO remains on top of technological changes in the logistics industry, and keeps giving its customers more value by improving its speed, accuracy, and service quality. Iceland's commitment to sustainability is underscored by the reduction of over 900,000 kilometers driven from a single depot each year, leading to a remarkable decrease in diesel consumption by more than 25,000 liters and a substantial overall carbon emission savings of over 720 tonnes. In addition, this strategic AI implementation empowers GXO drivers to allocate more time to high-value tasks, significantly enhancing productivity and job satisfaction. This success story exemplifies GXO's dedication to innovation, efficiency, and sustainable logistics solutions.

Read More

Supply Chain

SoftBank Group and Symbotic Establish New Warehouse-as-a-Service Joint Venture To Transform Supply Chain Services Through Automation and A.I.

businesswire | July 31, 2023

SoftBank Group Corp. a leader in A.I.-powered automation technology for the supply chain, today announced the establishment of GreenBox Systems LLC (“GreenBox”), a new joint venture to address the more than $5001 billion annual warehouse-as-a-service market opportunity. Concurrently, Symbotic also announced an approximately $7.5 billion new customer contract with GreenBox, who will be the exclusive provider of Symbotic systems in the warehouse-as-a-service market, and will make supply chain services available to customers. GreenBox will automate supply chain networks globally by operating and making accessible Symbotic’s advanced A.I. and automation technology for the warehouse. Symbotic’s A.I.-powered robotics and software technology will be the cornerstone of GreenBox, installed in single and multi-tenant facilities. The efficiency, SKU agility, scalability, and density of the Symbotic system allows GreenBox to effectively manage single and multi-tenant facilities across the supply chain and thus fundamentally reshape the economics of automated supply chain services. Enabled by these technologies, GreenBox customers will be able to reduce inventory and costs while boosting SKU count and agility, all without associated capital expenditures and operational complexity. “We are pleased to partner with SoftBank in this venture that accelerates our shared vision to transform the supply chain,” said Rick Cohen, Symbotic’s Chairman and CEO. “GreenBox enables Symbotic to bring the benefits of our technology to a broader customer universe, expanding our market opportunity.” “GreenBox taps into the powerful potential of A.I. and other enabling technologies in supply chains, while also making the benefits of automation accessible to more businesses through an ‘as-a-service’ offering. In partnership with Symbotic, GreenBox will equip customers with more intelligent, streamlined, and scalable warehousing solutions while eliminating the burden of major capital expenditures,” said Vikas J. Parekh, Managing Partner at SoftBank Investment Advisers. GreenBox will order Symbotic’s systems over a six-year period commencing in fiscal year 2024, to be implemented across its warehouse network in larger-scale deployments than Symbotic’s current installed base systems. Symbotic expects in excess of $500 million in annual recurring software, parts and services revenue from GreenBox once all systems are operational. Symbotic systems typically become fully operational within 24 months of project design approval. GreenBox’s board of managers will comprise three managers, one nominee from each of Symbotic and SoftBank, and one independent manager. GreenBox’s management team will be independent from Symbotic and SoftBank. Transaction and Implementation Details SoftBank and Symbotic own 65% and 35% of GreenBox, respectively, with the joint venture established today. GreenBox will initially be funded with $100 million of capital contributed pro rata by Symbotic and SoftBank to fund operating expenses and initial system purchases. After Symbotic’s initial $35 million pro rata capital contribution, the contract is expected to be accretive to Symbotic's annual free cash flow (net of capital contributions). Symbotic has issued warrants to SoftBank representing up to 2.0% of Symbotic’s fully diluted shares outstanding, which will vest in 0.25% increments upon payment of each $937.5 million to Symbotic for installation of Symbotic systems under the GreenBox contract. The warrants have a 6-year term and strike price representing Symbotic’s 45 trading day volume weighted average price (VWAP) as of July 21, 2023, of $41.9719 per share. Separately, SoftBank has purchased approximately 17.8 million shares from Symbotic Chairman and CEO, Rick Cohen, at Symbotic’s 45 calendar day VWAP as of May 26, 2023, of $28.05 per share. This sale is 100% secondary shares and will not result in any dilution to Symbotic shareholders. Goldman Sachs & Co. LLC served as exclusive financial advisor and Sullivan & Cromwell LLP as legal advisor to Symbotic. Investor Call Details Symbotic plans to hold an investor call on Monday, July 24, 2023, at 8:00 a.m. ET to discuss this announcement. The call will be hosted by Rick Cohen, Chairman and CEO, Bill Boyd, Chief Strategy Officer, and Tom Ernst, Chief Financial Officer. Symbotic Technology Symbotic’s end-to-end automation consists of a fleet of fully autonomous robots with advanced vision and sensing capabilities. These robots induct, store, retrieve and palletize products in their native packaging at industry-leading throughput rates and with 99.9999% accuracy. Symbotic’s A.I.-powered software orchestrates the work of hundreds of mobile robots to fulfill customer orders from within the high-density buffering and storage structure that flexibly handles virtually unlimited SKUs. The A.I.-enabled system builds mixed-SKU pallets with unmatched speed and efficiency, ultimately changing the way consumer goods are moved through the supply chain. The disruptive technology enhances warehouse density and capacity; increases inventory turns, reduces errors and waste; and enables faster fulfillment of customer orders. Currently, Symbotic systems service more than 2,600 stores for some of the world’s largest retailers, grocers and wholesalers, including Walmart, Albertsons and C&S Wholesale Grocers. About Symbotic Symbotic is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world’s largest retail, wholesale, and food & beverage companies. Applying next-generation technology, high-density storage and machine learning to solve today's complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce, Symbotic transforms the flow of goods and the economics of the supply chain for its customers. About SoftBank Group The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in AI, smart robotics, IoT, telecommunications, internet services, and clean energy technology providers; the SoftBank Vision Funds and SoftBank Latin America Funds, which are investing more than US$160 billion to help extraordinary entrepreneurs transform industries and shape new ones.

Read More

More featured news