We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Report Shows Key Innovations to Face New Realities Within Consumer Goods Fulfillment
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Report Shows Key Innovations to Face New Realities Within Consumer Goods Fulfillment

Report Shows Key Innovations to Face New Realities Within Consumer Goods Fulfillment
December 14, 2021
No Comments

A recent Gartner® report details how technologies such as smart robots can be used to address and fulfill the new realities of the post-pandemic world for consumer goods (CG) manufacturers. GreyOrange, a leading provider of AI software and smart robots for modern fulfillment, is noted in the report as a sample vendor supplying solutions to modern commerce needs.

The report, “Hype Cycle™ for Consumer Goods, 2021” led by Ellen Eichhorn and Michelle Duerst, notes that CG manufacturers are “facing direct-to-consumer sales, persistent restrictions in the supply chain, and increasing demands of product customization and value-based buying patterns.” The report also notes that long-delayed digital initiative investments are coming to the forefront due to pandemic pressures.

The report mentions the adoption of Smart Robots as a driver for innovation due to:

“Their ability to capture and process large volumes of on-shelf data faster and in real time, enabling retailers to make agile and intelligent inventory decisions on the fly.”

Additional use cases driving adoption include: supply chain processes such as picking and packing, handling and disposal of hazardous wastes, prescription filling and delivery, stock auditing, stock replenishment, order assembly, finished goods movement, e-commerce order fulfillment, and package delivery.

Beyond the initial opportunities for cost savings, one of the most significant impacts from smart robots will result from transforming how people work. Workflow transformation will take place through the analysis of data collected by smart robots as well as offloading repetitive tasks from people.
Download the report, compliments of GreyOrange, here. GreyOrange is a global provider of solutions that modernize fulfillment operations through its AI cloud software GreyMatter™ and Ranger™ Robot Series.

Additional insights from the report, written by Gartner analysts Eichhorn and Duerst include:

“As the pandemic persisted, we saw CG companies blur the lines from strictly selling to retailers to competing against them by selling directly to consumers. A demand for more digital business, particularly in digital commerce, erupted.”

“The 2021 CEO Survey identifies that growth remains the No. 1 priority for CG and retail CEOs, but technology follows as a very close second, as only a single percentage point separates the two. The survey went on to identify that 79% of CG CEOs plan to increase investment in digital capabilities.”
“Automating with smart robots is proving to be instrumental in transforming business processes across industries,” said Akash Gupta, co-founder and Chief Technology Officer, GreyOrange. “Retailers and consumer goods companies alike can provide better experiences to their customers as well as better workplaces to their employees by modernizing their operations utilizing the latest fulfillment technology.”

GreyMatter AI software works with the GreyOrange Ranger Robot Series (as well as robots and equipment from other companies) to feed real-time data into always-solving algorithms that calculate each next-best decision, whether solving for every-day omnichannel performance or solving for peak period commitments. By optimizing how inventory is picked, packed and shipped in real time, companies can make and keep more promises to customers and stores, accelerate throughput, lower costs, meet Service Level Agreements (SLAs), and protect the safety of people and inventory.

Gartner “Hype Cycle for Consumer Goods” by Ellen Eichhorn & Michelle Duerst; 21 July 2021
Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Hype Cycle are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

For more information, visit www.greyorange.com.

Media Contact

Sidney Miller
LeadCoverage
sidney@leadcoverage.com

Submit your logistics, material handling, or supply chain related company news in Supply Chain Quarterly's's Industry Press Room section or New Products section
E-Commerce Logistics Technology
KEYWORDS LeadCoverage
  • Related Articles

    Sponsored By
    Ryder

    Special Report: Supply Chain Trends in Retail & Consumer Goods

    Five ways consumer packaged goods companies can respond to seismic changes in the supply chain

    Shippers face tight market for moving goods due to high diesel prices and delays in truck manufacturing

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • How to resolve your inventory dilemma

  • Container prices continue to drop

  • Regionalized supply chains: the key to resilience

  • Warehouse vacancy rates sink to 27-year low

  • Empty shipping containers stack up at U.S. port depots

Featured Video

Cccb7d13 710a 4473 8132 da8b6cc286f1

The Sportsman's Guide Case study: Increasing Accuracy & Productivity

Viewer Contributed
Thanks to the Lucas Warehouse Optimization Suite, The Sportsman's Guide has increased productivity, reduced training time, and experienced a boost in accuracy for both full-time staff and seasonal employees. Want to learn how Lucas can help your DC be more efficient, accurate, and safe while reducing labor costs?...

FEATURED WHITE PAPERS

  • Case Study: Peak Teams helps boost headcount quickly on a short-term project

  • Breaking Bad: Conducting Full Truckload RFPs in the Age of Digital Freight Procurement

  • Omnitracs One – Last Mile Solutions

  • The enterprise shipper's guide to building a smarter truckload RFP

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing