AutoStore Supports Order Fulfillment of 33
Million Pieces of Inventory Across More Than 485,000 SKUs
Alliance Launches New Video Showcasing the
AutoStore System in Action at its Kentucky Fulfillment Center
Alliance Entertainment Holding Corporation (“Alliance
Entertainment”), a distributor and wholesaler of the world’s
largest in stock selection of music, movies, video games,
electronics, arcades, and collectibles, announced today it has
partnered with AutoStore™ and Swisslog to design and install a
cube-based warehouse automated storage and retrieval system (ASRS)
that is now live and operational at its 873,000 square foot
Kentucky warehouse.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230105005400/en/
(Photo: Business Wire)
AutoStore’s ASRS harnesses the power of warehouse robots for
24/7 order fulfillment within a dense cubic layout that increases
storage capacity and unlocks storage floorspace. The AutoStore’s
ASRS uses robots to travel over a surface grid and pick or dig up
totes containing the product needed for orders and deliver these
bins to a picking station, allowing each operator to pick into and
up to 4 different orders at the same time, removing walking from
the pick process. Based in Norway, AutoStore has installed over
1,000 of its systems globally with some of the world’s largest
brands. Swisslog, a leading global provider of automated
intralogistics technologies, partnered with Alliance for the design
and installation of the Company’s new ASRS.
The new video showcases the AutoStore ASRS in action at Alliance
Entertainment’s Shepherdsville, Kentucky warehouse fulfillment
center, which has a footprint of 873,000 square feet, including 3
picking mezzanines adding an additional 220,000 square feet to the
distance that needs to be covered daily for picking, sorting,
packing, and shipping. The warehouse has 33 million pieces of
inventory across more than 485,000 unique in stock SKUs.
The video is available on the Alliance
Entertainment website here.
Alliance Entertainment’s ASRS configuration includes AutoStore’s
latest generation B1™ robots combined with over 52,000 storage
bins, (each bin is configurable and can hold up to 8 unique SKUs
with a maximum weight of 66 lbs), covering 22,200 square feet of
the Company’s 873,000 square foot warehouse, enabling a pick rate
of 2,000 lines per hour across 7 picking ports and a putaway
throughput of 200 bins per hour. For additional future capacity,
the ASRS has been designed to be able to add 2 additional
pick-ports as well as expand the number of Putaway ports from 4 to
8 without modifying the physical frame or stopping production.
Under the terms of the contract, Alliance Entertainment executed
a four-year lease for the ASRS. The AutoStore is calculated to have
a 3.5 year ROI, with the majority coming from labor savings, lower
training costs, reduced handling/sortation and creating capacity on
sortation for other product lines and ultimately speeding up the
delivery to customer.
“With our incredible growth in Vinyl shipments at our Kentucky
warehouse from 8.1 million units in 2019 to 16.3 million in 2021,
we needed a system that could reduce the distance walked to pick
product, to store in a more compact form, and reduce the amount of
labor needed to handle the product,” said Warwick Goldby, SVP of
Operations of Alliance Entertainment. “We now have over 3 million
units and 40,000 Vinyl Record titles in inventory, including both
Alliance inventory and AMPED distributed titles. In combination
with the growth of shipments, since the pandemic we recognized the
need to shift toward larger scale automation as warehouses have had
to adapt to the challenge of staffing and executing the workload
with limited resources in ever tightening delivery time frames.
“The AutoStore is product agnostic, and in our current phase we
are first focusing on Vinyl records and improving our processes.
However, the AutoStore can be configured for any of the products we
carry in the warehouse currently and in the future that would fit
the bin. This allows us to grow into other product lines and use
the same storage configuration. The location and design of the
AutoStore was with the forethought of being able to expand its
capacity in the future to allow for more bins if needed with
minimal impact on daily operations. The AutoStore allows Alliance
to reimagine how product flows in our warehouse, change existing
processes, and can create capacity for picking and sorting by doing
things differently. We are pleased with the launch of the system
and its impact on efficiency, cost, and our capacity for future
growth,” concluded Goldby.
About AutoStore
AutoStore™, founded in 1996, is a warehouse robot technology
company that invented and continues to pioneer cube storage
automation, the densest order-fulfillment solution in existence.
Our focus is to marry software and hardware with human abilities to
create the future of warehousing. AutoStore is global, with over
1,000+ systems in 46 countries in a wide range of industries. All
sales are distributed, designed, installed, and serviced by a
network of qualified system integrators referred to as "partners."
The headquarter is in Nedre Vats, Norway, with offices in Oslo
(Norway), the U.S., U.K., Germany, France, Spain, Italy, Austria,
South Korea, Japan, and Singapore.
The AutoStore System consists of an Aluminum Grid, Robots, Bins,
Ports, and a Controller. The stacked Bins are arranged in a Grid.
Robots ride on rails along the top of the Grid, retrieving Bins as
needed. The Bins are then delivered to a Port, where warehouse
operators are stationed to pick up or fill in products, tag, pack
and send them out. A Controller acts as the brain behind the whole
operation. For more information visit www.autostoresystem.com.
About Swisslog
Swisslog designs, develops, and delivers best-in-class
automation solutions. Headquartered in Buchs/Aarau, Switzerland,
Swisslog is organized into two business units, Healthcare and
Logistics Automation, that design, develop, and deliver
best-in-class automation solutions for forward-thinking health
systems, supply chain operations, and production facilities.
Customers benefit from integrated systems and services from a
single source – from consulting to design, implementation, and
lifetime customer support. Swisslog is a member of the KUKA Group,
a leading global supplier of intelligent automation solutions. For
more information visit www.swisslog.com.
About Alliance Entertainment
Alliance Entertainment is a premier distributor of music,
movies, and consumer electronics. We offer over 485,000 unique in
stock SKUs, including over 57,300 exclusive compact discs, vinyl LP
records, DVDs, Blu-rays, and video games. Complementing our vast
media catalog, we also stock a full array of related accessories,
toys and collectibles. With more than thirty-five years of
distribution experience, Alliance Entertainment serves customers of
every size, providing a robust suite of services to resellers and
retailers worldwide. Our efficient processing and essential seller
tools noticeably reduce the costs associated with administrating
multiple vendor relationships, while helping omni-channel retailers
expand their product selection and fulfillment goals. For more
information visit www.aent.com.
On June 23, 2022, Alliance Entertainment announced that it will
become publicly listed through a merger transaction with Adara
Acquisition Corp. (NYSE: ADRA, ADRA.U, ADRA.WS) (“Adara”), a
publicly traded special purpose acquisition company. The
transaction is expected to close in the fourth quarter of 2022, at
which point the combined company’s common stock is expected to
trade on the NYSE American under the ticker symbol “AENT”.
About Adara Acquisition Corp.
Adara raised $115 million in February 2021 and its securities
are listed on the NYSE American under the ticker symbols “NYSE:
ADRA, ADRA.U, ADRA.WS”. Adara is a blank check company organized
for the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization, or
other similar business combination with one or more businesses or
entities. Adara is led by its CEO, Thomas Finke (former Chairman
and CEO of Barings LLC) and its director, W. Tom Donaldson (founder
of Blystone & Donaldson). In addition to Messrs. Finke and
Donaldson, Adara’s Board of Directors also include Frank Quintero,
Dylan Glenn and Beatriz Acevedo-Greiff.
To learn more, please visit: www.adaraspac.com
Forward Looking Statements
Certain statements included in this press release that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
are accompanied by words such as “believe,” “may,” “will,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,”
“would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of financial and
performance metrics, projections of market opportunity,
expectations and timing related to Alliance Entertainment’s
business, customer growth and other business milestones, potential
benefits of the proposed business combination (the “Proposed
Transactions”), and expectations related to the timing of the
Proposed Transactions.
These statements are based on various assumptions, whether or
not identified in this press release, and on the current
expectations of Adara’s and Alliance Entertainment’s management and
are not predictions of actual performance. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as, and must not be relied on by an investor as,
a guarantee, an assurance, a prediction, or a definitive statement
of fact or probability. Actual events and circumstances are
difficult or impossible to predict and will differ from
assumptions. Many actual events and circumstances are beyond the
control of Alliance Entertainment and Adara.
These forward-looking statements are subject to a number of
risks and uncertainties, including changes in domestic and foreign
business, market, financial, political, and legal conditions; the
inability of the parties to successfully or timely consummate the
Proposed Transactions, including the risk that any regulatory
approvals are not obtained, are delayed or are subject to
unanticipated conditions that could adversely affect the combined
company or the expected benefits of the Proposed Transactions or
that the approval of the stockholders of Adara or Alliance
Entertainment is not obtained; failure to realize the anticipated
benefits of the Proposed Transactions; risks relating to the
uncertainty of the projected financial information with respect to
Alliance Entertainment; risks related to the music, video, gaming,
and entertainment industry, including changes in entertainment
delivery formats; global economic conditions; the effects of
competition on Alliance Entertainment’s future business; risks
related to fulfilment network; risks related to expansion and the
strain on Alliance Entertainment’s management, operational,
financial, and other resources; risks related to operating results
and growth rate; the business could be harmed the amount of
redemption requests made by Adara’s public stockholders; and those
factors discussed in Adara’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2021 under the heading “Risk
Factors,” and the Current Report on Form 8-K filed on June 23, 2022
and other documents of Adara filed, or to be filed, with the
SEC.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval, nor shall there be any sale of any securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of such other jurisdiction.
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version on businesswire.com: https://www.businesswire.com/news/home/20230105005400/en/
MZ Group Chris Tyson/Larry Holub (949) 491-8235
AENT@mzgroup.us
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