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Korea Investment Corporation (KIC) couldn’t send staff to physically inspect projects that the sovereign wealth fund was considering investing in during the coronavirus crisis. So it turned to drones. It’s a striking example of how major investors deployed technology to help navigate through the new normal of work-from-home and virtual meetings as countries imposed lockdowns and shut their borders to curb the spread of the pandemic. “The Covid-19 pandemic definitely affected our investment activity,” KIC says in a written interview with Asia Asset Management. “In particular, travel bans and social distancing made [it] almost impossible to carry out due diligence as we did before. We’ve held virtual meetings and due diligence via video conferencing apps/systems for reviews and new investments.” ....
Geek+ and AMH Material Handling deliver robotic sortation project with Asda Logistics Services - Pioneering use of smart sorting robots enabling Asda Logistics Services to increase operational efficiencies LONDON, April 14, 2021 /PRNewswire/ Geek+, a global leader in robotic automation solutions, is excited to announce the successful collaboration with Asda Logistics Services (ALS) and AMH Material Handling to launch an intelligent sorting system in Asda s distribution center. The system will provide Asda with the capacity to support continued growth across its parcel collection and returns business. Sixty robots have been placed into the supermarket s South Elmsall, West Yorkshire distribution center, allowing 2,000 parcels to be sorted each hour with 99.99% accuracy through its Asda toyou service. ....