Jul 13, 2021

Berkshire Grey Secures $23m Deal For Grocery Picking Robots

AI
robots
Shopping
Innovation
2 min
Warehouse robotics provider Berkshire Grey will provide grocery-picking robots through a $23 million contract for online, same-day, order fulfillment

Berkshire Grey, a warehouse robotics company and leader in AI-enabled robotic solutions that automate supply chain processes, secured a $23+ million multi-phase order with a global retailer for online same-day grocery fulfillment. 

According to the United States Department of Agriculture (USDA), consumers in the US spend around $1.7 trillion annually on food and groceries, and nearly 52% of the US population are expected to be digital grocery buyers by 2022, according to Insider Intelligence.

To meet this rising demand, Berkshire Grey will provide its Intelligent Enterprise Robotics (IER) solution that robotically picks grocery items from inventory and packs the items into customer bags to fill orders that are placed online and via mobile apps. The firm says those robotic solutions can operate either in back-of-store—putting the operation close to current shoppers for rapid pickup and delivery—or in larger, dedicated fulfillment and distribution centers. 

“Ordering groceries online became a habit for many during COVID-19. Driven by this and the convenience of online ordering, our customers need rapid fulfillment of online orders done in an efficient way to meet a range of consumer demands — at the same time our customers need to ensure that the right goods are always on the right shelves at the right times in the store,” says Pete Allen, General Manager of Grocery and Convenience at Berkshire Grey. “Berkshire Grey’s IER grocery picking solutions provide the grocery industry with the speed and scalability that customers demand while positioning grocers to boost margins and capitalise on the continued changes in the market.”

 

Acceleration in business 



This new deal comes just weeks before Berkshire Grey plans to become a publicly listed company through its February deal to be acquired by a special purpose acquisition company (SPAC) called Revolution Acceleration Acquisition Corp. The company expects that its stock will begin to trade early in the third quarter of 2021.

As of June 30, 2021, Berkshire Grey has:

  • Contracted for approximately 94% of forecasted 2021 revenue.
  • Increased total orders since inception to $148 million, up from $114 millon as of December 31, 2020, driven in part by growth in orders in the grocery and parcels verticals.
  • Increased backlog to $95 million, up from $70 million as of December 31, 2020.
  • Previously disclosed revenue guidance of approximately $59 million for 2021 is unchanged.
  • Signed 4 new partnerships to broaden the company’s go-to-market strategy.
  • Increased global headcount to approximately 350 employees, executing its global growth plans.

(Images: Berkshire Grey)

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Jul 16, 2021

The Ultimate Enterprise Technology & AI LIVE Event

Technology
AI
event
live
3 min
Where innovation meets implementation, coming to you live from London

Do you want to build high-level relationships, gain insider knowledge and leave with the tools you need to drive effective digital transformation within your business? Then you don’t want to miss out on the must-attend hybrid event of 2021 for leaders in forward-thinking enterprises.

At Technology and AI Live, you will be able to hear and engage with C-Level executives at Microsoft, IBM, Salesforce, Capgemini, and more.

Order your tickets now to take advantage of our limited-time Early Bird offer. 

How can you attend?

In the post-Covid era, not everybody wants to travel for events. So Technology & AI will be completely hybrid. That means you can attend the event in person or virtually, with no disadvantages to people who don’t make the trip to the Tobacco Dock.

 

In-person

 

Technology and AI Live is happening in the Tobacco Dock in London, a ten-minute walk from Tower Bridge. For more information on the location, click here

Virtually

 

There’s no need to worry about missing out if you choose not to attend in person. You can still absorb all the information, interact with other attendees and enjoy the conference experience on our virtual platform. 

There will be live feeds from all of the stages (also available on-demand after the event) as well as virtual networking areas. So not being able to travel is no reason to miss your chance to gather with the industry.
 

 


New Speakers

 

Christine Stoffel-Moffett

Head of Enterprise Technology at NASCAR

Christine Stoffel-Moffett has over 30 years of experience in her technology leadership career, is known across the sports and entertainment industry as a global digital transformation executive with multi-dimensional expertise. She is recognised as the 1st Female Technology Executive Hired in an NHL Club and the 1st Female Technology Executive Hired in an MLB Club.

Most Recent Honors include 2021 Top 10 Global Innovative Female Technology Female Leaders; 2021 Top 100 Women in Global Technology Innovation by Digital Technology Magazine; Recipient of Connected World Magazine’s 2016 WoM2M Award as a leader in the IoT Industry; 2017 Smart Women in Meetings Award for being an innovator in the sports industry. 

 

Samantha Liscio

Chief Information and Technology Officer at NIHR Clinical Research Network

Recognised last year as Canada’s CIO of the Year in the Public Sector category for the work she and her teams have done to lead digital transformation, Samantha Liscio has recently moved back to the UK into the role of Chief Information & Technology Office at the National Institute for Health Research (NIHR) Clinical Research Network.

She has more than 25 years of experience in IT leadership roles in the government and the private sector. Samantha is a member of the UK&I CIO Governing Body and has served on the Ryerson University IT Business Management Program Advisory Council, the CIO Association Toronto Chapter Board of Directors, and the Toronto CIO Governing Body. 

 

Simon Chassar

CRO at Claroty Inc

With over 20 years of experience in the hardware, software, and services industry and across networking, virtualisation, data, storage, applications, unified comms, and cybersecurity, Simon Chassar has excellent insights that you wouldn’t want to miss. 

Currently working as Chief Revenue Officer for Claroty Inc, the World’s leading industrial cybersecurity company, he works in protecting hundreds of customer’s critical operations across Food&Bev, Automotive, Energy, Utilities, Mining, Chemicals and Oil & Gas.

Simon is also part of the World Economic Forum for Oil&Gas sector Security.


For tickets and information, head over to our event site.

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