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AutoStore launched Pio, its modular storage and retrieval system geared toward small to medium-sized companies. | Source: AutoStore
AutoStore has launched Pio, its Product In/Out warehouse automation system, in North America for the primary time. The plug-and-play model of AutoStore’s automated storage and retrieval system (ASRS) it tailor-made for small and medium-sized companies.
Pio is a modular and scalable ASRS product that runs on commonplace plug-and-play software program that may hook up with the commonest on-line retail and transport platforms. The system is predicated on a pay-per-pick mannequin. Similar to a robotics-as-a-service mannequin, customers will solely buy product bins and the frames that robots run on, whereas AutoStore owns and manages the robots, ports and software program.
Users pay a charge for every merchandise picked, which might decrease the preliminary funding for deployment, permitting retailers with smaller margins to entry the system.
“We established Pio to make our technology available to smaller businesses,” Mats Hovland Vikse, CEO of AutoStore, stated in a launch. “Only 15% of the world’s warehouses are automated, and fulfillment operations at smaller retailers are still largely manual. Pio levels the playing field so that enterprises of all sizes can take advantage of the space and cost efficiencies of automated storage and distribution systems.”
Pio is geared toward small to medium-sized retailers that promote something from attire, to sporting items, crafts and cosmetics. It doesn’t require any added labor or further ground house to be carried out.
“With Pio, you can expand without having to move, enabling users to run their businesses closer to customers. We are already seeing success with Pio systems operating at several high-profile retailers in Europe. Now that the system is available in North America, we are ready to support fast-growing independent retailers here as well,” Magne Hatteland, VP and Head of Pio, stated in a launch.
AutoStore was based in 1996 and is headquartered in Nedre Vats, Norway. It presently operates over 1,000 programs in over 45 nations. The firm went public on Euronext’s Oslo Stock Exchange in October 2021. At the time, it was valued at $12.4 billion.