Pitney Bowes PBI is working on setting up AmbiSort robots across its entire Ecommerce hubs’ footprint in the country over the next five years. The announcement follows the company’s recent execution of a pilot run of the AmbiSort robotic systems at its Bloomington, CA e-commerce hub.
By leveraging robotic systems, Pitney Bowes is looking to boost capacity as well as scalability of it operations, while simultaneously reducing costs and improving safety for its workforce.
AmbiSort robots, powered by Artificial Intelligence (AI), are designed by Ambi Robotics. In comparison with manual processes, AmbiSort robots offer double the speed of picking, placing, and packing parcels noted Pitney Bowes.
These robots will help Pitney Bowes in automating and accelerating parcel sorting to the last mile delivery providers amid a massive increase in parcel volume owing to the COVID-19 crisis. Pitney Bowes is one of the largest providers of mail processing equipment and integrated mail solutions across the world.
Pitney Bowes’ efforts to transform its e-commerce logistics network to make it more customer friendly is expected to drive the top line in the coming days. This is expected to instill investors’ optimism in the stock.
In the past year, shares of Pitney Bowes have skyrocketed 241.5% compared with industry’s gain of 20%.-Zacks Equity Research Zacks