The new agreement on Tuesday expands that relationship and will include joint development of additional AI-based robotic capabilities. We look forward to working together on this new program and to advancing other automation programs with FedEx moving forward.”įedEx Ground plans to have RPSi systems in place at select additional facilities in the network over the next 12 months. “These new agreements reflect our mutual commitment to innovations in robotic automation that can remove barriers within the supply chain, ease the physical burden on employees and streamline operations. “Berkshire Grey and FedEx are strategically aligned,” said Tom Wagner, CEO of Berkshire Grey.
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Its technology is designed to “learn” about processes in warehouse operations, allowing them to continually improve efficiency while reducing manual labor, which can then be redeployed in more high-value tasks. The company describes itself as an “intelligent enterprise robotics” (IER) company. If there was recyclable paper in the window you can also put that in your recycling bin. Then you can take the plastic and put it in with your plastic bags to recycle at the grocery store. Plans at the time called for additional robotics solutions in sortation facilities in Las Vegas and Columbus, Ohio.īerkshire Grey’s AI-enabled Robotic Product Sortation and Identification (RPSi) system is designed to autonomously process, pick, identify, sort, collect and containerize individual polybags, tubes, padded mailers and other small packages. All you have to do is take the plastic window out off the box (make sure not to leave any plastic scraps behind) and then place it in your recycling bin. Watch: The future of warehouse automationįedEx first deployed Berkshire Grey robotics in its Queens, New York, facility in August 2021. “FedEx believes that continued innovation and automation will improve efficiency, productivity and safety for its team members as they continue to keep the global supply chain moving.” “Our growing relationship with Berkshire Grey for robotic automation is a direct response to the growth of e-commerce, which has accelerated the demand for reliable automated solutions throughout all stages of the supply chain,” said Rebecca Yeung, corporate vice president of operations science and advanced technology for FedEx. The companies did not disclose the exercise price of the stock warrants. At current prices, FedEx’s options would be worth approximately $60 million. Berkshire Grey ( NASDAQ: BGY) was trading up 34% at $2.39 per share early Tuesday afternoon. The stock warrants will vest incrementally for FedEx ( NYSE: FDX) and be fully vested upon completion of the robotics contract, which is slated to conclude by 2025. has agreed to purchase $200 million in warehouse robotics products and services from Berkshire Grey in exchange for warrants representing 25 million shares of Berkshire Grey stock.
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