In a world dominated by e-commerce and the expectation of almost immediate delivery, the use of robotics in warehouses has become vital in recent years. Amazon and Walmart are some of the most notable companies that have turned to robots to help their human employees meet their customers’ demands.
Boston Dynamics, which frequently pops up in the news with its futuristic robot videos, unveiled its latest box-moving robot named Stretch yesterday. Stretch is Boston Dynamics’ solution to the growing demand from the logistics industry for flexible automation solutions.
The debut of Stretch also marks Boston Dynamics’ official entrance into warehouse automation, which the company notes is being fueled by demand in e-commerce. Stretch is designed specifically for warehouse facilities and distribution centers, of which there are more than 150,000 globally.
Stretch is designed to tackle tasks where rapid box moving is required such as unloading or preparing orders. Boston Dynamics touts Stretch as a solution for any warehouse that can increase the flow of goods, help employees with dangerous physical tasks and lower expensive fixed automation costs as it doesn’t require costly fixed automation infrastructure.
“Warehouses are struggling to meet rapidly increasing demand as the world relies more on just-in-time delivery of goods,” Boston Dynamics CEO Robert Playter said. “Mobile robots enable the flexible movement of materials and improve working conditions for employees. Stretch combines Boston Dynamics’ advancements in mobility, perception and manipulation to tackle the most challenging, injury-prone case-handling tasks, and we’re excited to see it put to work.”
Stretch is also equipped with a custom-designed lightweight arm and a smart-gripper that can handle different package surface types. Stretch also includes Boston Dynamics’ computer vision technology which can easily identify boxes and doesn’t require extensive training for each customer.
Boston Dynamics says it is looking for customers to pilot truck unloading tasks using Stretch through its Stretch Early Adopter Program before commercial deployment in 2022.
Leftover Crumbs
- CDC says vaccine is effective. The Centers for Disease Control and Prevention said a single shot of Pfizer or Moderna’s Covid-19 vaccine is 80% effective in preventing coronavirus after studying vaccinated health care workers. The CDC said vaccines are 90% effective in preventing coronavirus two weeks after the second shot. “These findings indicate that authorized mRNA COVID-19 vaccines are effective for preventing SARS-CoV-2 infection, regardless of symptom status, among working-age adults in real-world conditions,” the CDC said. “COVID-19 vaccination is recommended for all eligible persons.”
- Volkswagen to become Voltswagen. Volkswagen accidentally posted news that is to be released on April 29 unveiling the company will change the name of its U.S. operations to Voltswagen of America. The name is an effort to emphasize the company’s electric vehicle efforts as Voltswagen will remain an operating unit of Volkswagen Group of America. The accidental release hailed the change as a “public declaration of the company’s future-forward investment in e-mobility.” A spokesperson for VW declined to comment as a source told CNBC it was authentic.
- Visa to settle transactions in USD Coin. Visa announced it will become the first payments network to settle transactions in USD Coin, a stablecoin backed by the US dollar. Visa is piloting the program with Crypto.com and will introduce it to additional partners later this year. “The announcement today marks a major milestone in our ability to address the needs of fintechs managing their business in a stablecoin or cryptocurrency, and it’s really an extension of what we do every day, securely facilitating payments in all different currencies all across the world,” Visa chief product officer Jack Forestell said.
- Climate change could affect sovereign credit ratings. A study from a group of UK researchers warns that 63 countries could see their credit ratings downgraded by 2030 as a result of global warming. The estimated number of countries that cold see their rating cut is roughly half the number of countries currently covered by the largest ratings agencies. “We find that 63 sovereigns suffer climate-induced downgrades of approximately 1.02 notches by 2030, rising to 80 sovereigns facing an average downgrade of 2.48 notches by 2100,” the study said. “Our results show that virtually all countries, whether rich or poor, hot or cold, will suffer downgrades if the current trajectory of carbon emissions is maintained.”
- Bed Bath & Beyond announces hires for e-commerce business. Bed Bath & Beyond announced it has hired Wayfair’s former Head of Exclusive Brands and Merchandising and Walmart’s former general manager for sports and fitness to accelerate growth in its $3 billion digital business. “Our omni-always strategy is delivering rapid growth in our $3 billion digital business, so we’re delighted to strengthen our team with the appointment of Jill and Jake who will bring industry-leading omnichannel retail expertise,” Bed Bath & Beyond Chief Digital Officer Rafeh Masood said.