5 Ways Robotics Are Changing Retail Fulfillment in 2019

RoboticsTomorrow | March 05, 2019

Developed for a multinational commercial catering company, Turbo Clean is claimed to automate one of the least loved jobs in the kitchen. Thousands of images of messy food trays with different combinations of tableware were first used to train an algorithm, eventually allowing the system to recognize new patterns independently. When presented with a tray, machine vision detects the contents, labeling the various glasses, plates, and cutlery. Robotic arms with suction capability then remove the items from the tray and deposit them in their assigned container, ready to be sent to a dishwasher.
It’s widely accepted that AI and robotics will impact almost every business. But it’s vital to understand both what is technically possible and what is commercially viable, to ensure that a business thrives through this time of technological revolution, said Nathan Wrench, commercial director at Cambridge Consultants.

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Where do you stand on what's hot, what's coming and how can you prepare? Find out more in our property, construction & engineering roles & skills trends 2017

Spotlight

Where do you stand on what's hot, what's coming and how can you prepare? Find out more in our property, construction & engineering roles & skills trends 2017

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Owens Corning Completes Acquisition of Natural Polymers

Owens Corning | August 02, 2022

Owens Corning (NYSE: OC) announced it has completed the acquisition of Natural Polymers, LLC, a manufacturer of spray polyurethane foam insulation for building and construction applications, based in Cortland, Illinois. “We are excited to welcome the Natural Polymers team and start working together on innovative product development, Natural Polymers’ proven technology advances our strategy to provide long-term, sustainable solutions and offer our customers a diversified insulation product portfolio.” -Todd Fister, President Insulation. Owens Corning expects to significantly grow this business in the coming years. Natural Polymers’ track record of above-market growth is anticipated to contribute to Owens Corning’s strategy to strengthen core building and construction products and expand the company’s addressable markets into higher-growth segments. Natural Polymers is dedicated to the development of high-quality spray polyurethane foam products and systems, offering some of the lowest-volatile organic compound products available in the spray foam industry today. About Owens Corning: Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our three integrated businesses – Composites, Insulation, and Roofing – provide durable, sustainable, energy-efficient solutions that leverage our unique material science, manufacturing, and market knowledge to help our customers win and grow. We are global in scope, human in scale with approximately 20,000 employees in 33 countries dedicated to generating value for our customers and shareholders, and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2021 sales of $8.5 billion.

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Colliers acquires leading Australian engineering services firm

Colliers | August 08, 2022

Leading diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today it has acquired a controlling interest in PEAKURBAN Pty Limited (“PEAKURBAN”), one of the fastest growing engineering companies in Australia. The PEAKURBAN senior leadership team will remain significant shareholders of the business under Colliers’ unique partnership model. The business will rebrand as “Colliers Engineering & Design” and integrate into Colliers’ existing Australian operations. Terms of the transaction were not disclosed. Founded in 2016, with more than 100 professionals operating from five offices in Australia, PEAKURBAN specializes in shaping communities with a focus on planning, due diligence, and engineering and design services for residential and mixed-use developments, civil infrastructure, water and wastewater, and industrial sectors. “Building on our continued success in the U.S., PEAKURBAN represents the first international acquisition for our Colliers Engineering & Design business, Our differentiated approach continues to attract best-in-class firms who value our unique partnership model and long-term growth horizon, and who wish to thrive within our decentralised model and enterprising culture.” -Elias Mulamoottil, Co-Chief Investment Officer of Colliers. The expansion of Colliers Engineering & Design into Australia will complement our existing Project Management and Strategic Advisory capability and enhance our service offerings to unlock opportunities and accelerate growth for our clients and people, said John Kenny, CEO Colliers Asia Pacific. PEAKURBAN’s values and culture align strongly with ours and we are delighted to welcome these talented professionals to our organisation. "Joining one of the most respected professional services organizations globally is an important step for us, Our reputation for developing commercially smart and practical engineering and planning solutions, combined with Colliers’ deep infrastructure, enterprising culture and impressive performance over many years, will help create the best outcomes for our clients and people.” -Brent Thomas, Co-Founder and Managing Director of PEAKURBAN. About Colliers: Colliers is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $77 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people.

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Carrier Completes Acquisition of Toshiba's Global Residential and Light Commercial HVAC Business

Carrier | August 01, 2022

Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has completed its acquisition of substantially all of Toshiba Corporation's (TOKYO: 6502) ownership stake in Toshiba Carrier Corporation (TCC). A longstanding joint venture between Carrier and Toshiba, TCC is a global provider of residential and light commercial HVAC solutions, including VRF and heat pump products. "This acquisition presents tremendous growth opportunities for Carrier in the fast-growing, energy-efficient VRF and heat pump markets, Toshiba Carrier's differentiated technology, strong channel and global design and manufacturing footprint allow us to benefit from growing electrification and sustainability trends. We are thrilled to welcome the 6,600 talented TCC employees to the Carrier family." -David Gitlin, Chairman & CEO, Carrier. Building on Carrier's previous acquisition of Guangdong Giwee Group, TCC will join the newly created Global Comfort Solutions business unit within Carrier's HVAC segment. The new business will be headquartered in Tokyo under the leadership of Saif Siddiqui, a seasoned Carrier leader who will report directly to HVAC segment President Chris Nelson. Mr. Toru Kubo, who has served as President & CEO of TCC, will be joining the Global Comfort Solutions leadership team reporting to Siddiqui. Carrier acquired substantially all of Toshiba's interest in TCC for approximately $900 million, subject to customary closing adjustments. For the fiscal year 2021, TCC had annual sales of approximately $2 billion. About Carrier- As the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do.

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