Berkshire Grey, a robotics and AI startup specialized in retail fulfillment automation has completed its series B funding, led by SoftBank, BG said that its robots help curbing 70-80% labor cost and increasing throughput by 25-35%. This event marks the rising trend of robotics in retail fulfillment, after many investments of Amazon, Walmart,… They are actively seeking automation in their fulfillment centers as robots don’t need break and they are injury-proof, compared to humans.
- #companyanalysis Panasonics is going to automotive industry to strengthen its well-diversified business (SeekingAlpha)
Panasonics’ portfolio includes appliances, life solutions, automotive, connective solutions and industrial solutions. The company has set up a joint-venture with Toyota to produce prismatic batteries for Toyota’s hybrid cars and EVs. The battery business is expected to be the growth driver of the company in the next 5 years. Meanwhile, other revenue segments are performing well. Panasonic plans to set up a new factory in China, focus on home appliances and life solutions (the two biggest revenue stream), to take advantage of the upsurge population of the local country.
Before reading this analysis, it’s better to know what happened from my sister’s summary on this case. This article digs deeper into what Visa and Plaid are, and their role in the payment system around the world. Visa’s already dominated the credit card market, but it is looking to expand its presence in the burgeoning field of electronic payments, where trillion dollars are sent by wire transfer or between bank accounts globally each year. Plaid will help Visa to achieve this mission by its software, which helps developers to get access to customer financial information from their bank accounts.
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