How are autonomous mobile robots benefiting the supply chain industry?
Autonomous mobile robots are impacting the supply chain sector in several key areas. These include
- Picking
- Packing
- Forklift operation
- And various other applications
The most aggressive early adopter today is China. Today, China leads the world in industrial robots, representing more than 30 percent of the market. Close to 150,000 robots will be bought in China this year. China is also expected to exceed the U.S. and Europe in the installed base of robots in factories this year.
As a result, robotics companies in China are flourishing. Shanghai’s Quicktron was founded in 2014. It won Alibaba as a customer, and has scaled up to sell more than 5,000 robots since then. Geek+, another Chinese robotics startup, is in the midst of raising another $150m, from investors such as GGV Capital, D1 Capital Partners, and Warburg Pincus. Geek+ has won Xiaomi, SF Express, Alibaba and Suning as clients, and claims to have sold over 7,000 robots. And Chinese e-commerce companies such as JD Logistics and STO Express are also investing rapidly
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