Industrial robotics company Exotec has recently announced its latest fundraising effort of $335M, with one of its main objectives being to ‘improve supply chain resilience’ in the industrial sector.
This investment comes at an important time when the world is struggling with the pandemic and companies are looking for alternative measures to ensure survival.
This article will discuss how Exotec’s strategy to improve supply chain resilience could lead to a more secure and reliable industry.
Industrial robotics company Exotec raises $335M to ‘improve supply chain resilience’
Exotec is a French-based industrial robotics company that designs and manufactures innovative robotic solutions to improve warehouse material flow and efficiency. Founded in 2015, the company has experienced rapid growth in recent years as major players enter the field of logistics automation. Their mission is to make it easier to do business by improving supply chain resilience with their robot technology, allowing companies to become more competitive through automation.
Exotec’s robots provide a seamless integration that combines picking, packing and sorting processes with transport. This reduces expensive manual labour costs while making operations faster and more accurate. They also emphasise customer service, deliver customer-specific solutions within a short lead time, and provide high-quality service at competitive prices.
For businesses seeking to leverage robotic technology to increase their supply chain resilience, Exotec can provide fresh insights into warehouse automation through its flexible solutions. In addition, the company recently closed a $335 million funding round – the largest ever for an industrial robotics start-up – highlighting investor confidence in their vision for reshaping the manufacturing sector through robotics technologies.
Summary of $335M funding round
On Wednesday, industrial robot company Exotec, which works with leading e-commerce and logistics giants to automate warehouses, announced that it had raised a whopping $335 million in its latest financing round. This investment will develop Exotec’s technology, expand its presence worldwide, and improve supply chain resilience.
Founded in 2016 by France natives Renaud Heydrich and Romain Moulin, the Paris-based company has created an intelligent robotics system known as Skypods designed to quickly pick and deliver items in warehouses across the globe. The entire process is managed by artificial intelligence-enabled algorithms that enable efficient warehouse logistics automation.
With this new funding round led by existing investors CDPQ and Victory Park Capital (VPC), Exotec has raised a total of $447 million thus far from venture capital investors including Temasek and Atomico, as well as many industry leaders like DHL Global Forwarding, XAnge Private Equity, Amazon Robotics Challenge Fund, Global Founders Capital and Samsung Ventures.
Exotec’s Skypods warehouse robotics technology is already being used by some of the biggest companies in the world such as Hermes Group (UK), Office Depot Europe, Casepick (USA) or Cdiscount/La Redoute (FR). With this new influx of funds from its Series D funding round, Exotec plans to expand its presence globally while collaborating with longstanding partners such as Amazon Robotics Challenge Fund to further innovate their technologies.
Supply Chain Resilience
Industrial robotics company Exotec has announced that it has raised $335M in funding to help improve supply chain resilience.
This investment will help Exotec develop new solutions for customers and partners to help them better manage their supply chain processes.
This article will examine how Exotec plans to use this funding to provide supply chain resilience.
Definition of supply chain resilience
Supply chain resilience is the ability of an organisation to mitigate and adapt to supply chain disruptions, maintain a stable supply of goods and services, reduce costs, and protect its competitive position. To ensure supply chain resilience, organisations need to be able to identify potential sources of risk in their global logistics network and develop strategies to manage them. They must also have access to resources that allow them to effectively and rapidly respond to sudden changes in the market environment.
Organisations can increase their resiliency through a variety of measures including strengthening collaboration with suppliers and customers, developing new technologies that enable predictive analytics, investing in strong processes and cultural innovation on teams across the company, investing in stronger security protocols to protect data relating to their supply chain services, adopting higher levels of automation into the operations process including automation tools like robotics process automation (RPA), investing in upskilling initiatives for personnel across departments , engaging transportation providers for tighter integration into core processes, employing tracking technologies such as location-based platforms or IoT for tracking inventory at all stages of the product’s life cycle – from order creation through delivery—and taking steps to build more robust disaster recovery plans. For example, industrial robotics company Exotec recently raised $335M with plans specifically intended to improve supply chain resilience.
Reasons to invest in supply chain resilience
Industrial robotics company Exotec recently announced the closing of a $335 million funding round, focused on investing in supply chain resilience. This significant investment points to a larger trend among businesses of all sizes as they strive to build and sustain resilient operations.
Supply chain resilience is an essential part of any business’s strategy; when suppliers and partners hit low inventory levels, unable to perform effectively because of production failure or natural disasters, the unintended consequence can cause higher costs and extended downtimes. To ensure supply chains remain robust throughout the entire lifecycle, businesses must consider strategic investments in risk management, modern technology and digital processes.
The following are some key benefits for why investing in supply chain resilience is worth considering:
1. Improved monitoring: Risk management solutions that monitor pricing, demand and inventory levels provide transparency into your entire supply chain through data visualisation dashboards and alerts to prevent stockouts or excessive inventories.
2. Increased traceability: Advanced technologies such as blockchain provide increased visibility into the source of items. You can quickly respond if something goes wrong or verify the qualities or components before final delivery to customers.
3. Faster adaptation: Digital processes like automation reduce manual repetitive tasks which increases scalability and decreases dysfunctionality across the board – wherever you operate on the planet – allowing for faster adaptation when something unexpected happens leading to quicker recovery times from supply chain interruptions
4 .Continuous optimization: Re-thinking traditional logistics from top-to-bottom based on real-time data analysis let’s organisations be agile while responding quickly to unavoidable issues related with its approach behind sustainable practices regarding safety, health & environment topics approached by its customers globally.
Exotec’s Plan to Improve Supply Chain Resilience
Industrial robotics company Exotec recently raised $335M to strengthen its commitment to improve supply chain resilience. With the investment, Exotec plans to use the funds to expand its range of applications, algorithm and automation capabilities, ultimately offering solutions for the logistics and supply chain industry.
This article will discuss Exotec’s new plan to improve supply chain resilience.
Automation of warehouses
As more customers worldwide turn to online shopping, meeting their expectations is becoming increasingly difficult. Industrial robotics company Exotec is looking to use the latest advanced technologies and automation of warehouses to improve supply chain resilience.
Automation of warehouses can increase the efficiency and speed of the fulfilment method, reduce human error, and cut operating costs. Exotec says warehouse automation can make good use of space by reducing the area required for various activities such as materials handling and order picking. Automation also gives warehouse operations teams the flexibility to enter new markets quickly, perform stock taking more accurately, decrease delivery timeframes and handle rising orders without requiring extra staff. In addition, it increases efficiency in various processes from inventory management and order processing to picking, packing and dispatch.
Exotec’s technology aims to streamline existing tasks within its supply chain processes, such as optimising pick-and-pack operations using robots that carry out multiple tasks simultaneously. It also provides an environment for mission-critical applications for customers who need autonomous robots; this offers an end-to-end solution from the goods receiving process at a warehouse to returns management in distribution centres.
By leveraging industrial robotics technology with its newest funding round, Exotec is helping companies enhance operational efficiency while achieving operational cost savings across all areas of their supply chain process—from warehousing operations boardroom executives right down through delivery drivers on the ground.
Automation of transportation
Industrial robotics company Exotec has raised a whopping $335M to finance its mission of improving the resilience of supply chain networks. A major part of this mission involves the automation of transportation within warehouses and other facilities to reduce human labour costs and improve accuracy.
Exotec’s robots are designed for pick-up, carrying and automatic loading/unloading between factory parts. This capability reduces the need for manual transportation tasks, freeing up valuable time and resources for more critical tasks or problem solving elsewhere in the supply chain. Additionally, automated transportation increases accuracy – an important factor when dealing with precision shipments – while reducing labour costs since no people need to be hired to do manual transport tasks.
Exotec has already seen success with its warehouse automation solutions being used across many countries globally including Ireland, France, UK, US and Germany. With increased funding now at their disposal, they plan to expand further into new markets as well as improve existing systems to broaden their customer base’s options for supply chain resilience through automation technology. In this way, even small businesses can benefit from advanced technology in order to maximise their efficiency and productivity.
Automation of logistics
Industrial robotics company Exotec has announced the completion of a $335 million Series C funding round that it will use to further its mission of automating logistics. This includes automating warehouses, factories and distribution centres, and digitising supply chains.
Logistics automation can help companies understand where delays and bottlenecks lie. Automation is also beneficial in helping to create a more resilient supply chain, allowing for production plans to be set more accurately and for more products to be available within a shorter time frame. With improved visibility, companies can detect any problems more quickly through technological systems like Artificial Intelligence (AI) and IoT connected sensors. Additionally, with higher levels of automation and data integration, companies can improve the accuracy of inventory management over time.
Exotec’s automation solutions have been tailored around three core components:
- Autonomous robots
- Warehouses control system (WCS) software
- APIs connecting customer legacy systems to the WCS system
Their robots can rapidly store large volumes of items while providing clients full transparency over their inventory levels. Furthermore, the WCS software allows customers full control over all processes on their sites, enabling them to manage robotic staff to optimise performance according to customer-specific requirements, resulting in greater operational efficiency in areas such as picking systems. Finally, their APIs enable linking between customers’ existing business systems (eCommerce platforms, ERP systems etc.), increasing accuracy when managing warehouse operations by offering greater visibility over stock levels while maintaining traceability over delivered orders, among other benefits.
With this new funding round from investors such as Gaia Capital Partners and Bpifrance Partenaires Industrie, Exotec intends to provide further innovation on its existing offering so that its clients’ end-to-end supply chain visibility needs can be met even better than before.
Benefits of Improved Supply Chain Resilience
Industrial robotics company Exotec recently announced a major fundraising that raised $335M to improve supply chain resilience. Such improvements will help companies stay ahead in their respective industries and remain competitive in the global market.
This article will discuss some of the key benefits of improved supply chain resilience.
Industrial robotics company Exotec has recently announced a $335 million funding round to “improve supply chain resilience” and advance its mission of helping customers achieve greater efficiency. By implementing Automated Guided Vehicles (AGVs) and other robotics, Exotec plans to dramatically decrease the time required to complete a task in a warehouse.
AGVs are automated vehicles equipped with sensors and guidance systems that can be programmed to automatically move supplies and products throughout the warehouse, allowing quicker customer dispatch time.
Additionally, completing inventory tracking more quickly may help businesses reduce their out-of-stock rate by accurately predicting what needs to be stocked and when it should be ordered. This can lead to more informed inventory decisions and better forecasting with improved accuracy. Increased efficiency also can streamline supply chain operations through faster order turnaround times and store replenishment rates, which can lead to improved customer satisfaction levels.
Improved supply chain resilience through the use of robotics can bring significant cost savings, both in reducing losses due to unexpected interruptions and through more efficient processes. For example, industrial robotics company Exotec, which recently raised $335M, plans to apply its state-of-the-art robotic management system to improve the resiliency of supply chains worldwide.
This system can help minimise damages caused by unexpected events, such as natural disasters and pandemics, running manufacturing elements with a minimal decrease in productivity. In addition, businesses that invest in robotic solutions for their operations can also save on labour costs due to reduced hours spent manual labour or prevent shrinkage due to error or theft.
In addition, Exotec’s technology will enable manufacturers to optimise their supply chain efficiencies through automated route planning and order execution tracking—savings that will be reflected on the bottom line. Investing in resilient technologies posed a win-win scenario for the companies themselves and the people in their respective supply chains.
Increased customer satisfaction
The increased customer satisfaction that arises from improved supply chain resilience brought about by implementing industrial robotics is multidimensional, and can be seen in both an economic and a lifestyle sense.
Economically, improved supply chain resilience gives businesses a tactical advantage over other companies who cannot keep up with customer demand. As Exotec’s recent funding of $335M demonstrates, investing in industrial robotics systems can provide companies with the resources to better meet customer needs and expectations in volatile market conditions and highly competitive industries. This means businesses who invest in this technology will be better able to protect their market share and increase their profitability, which naturally leads to increased customer satisfaction.
Lifestyle-wise, improved supply chain resilience enables customers to access necessary goods more quickly. With industrial robotics systems in place, businesses can provide customers faster delivery times for all items — from books and gadgets to fresh food items — creating a win-win situation for business owners and consumers alike. This allows customers more time for leisure activities or their families compared to waiting long periods for orders placed elsewhere.
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