Menu

Search

  |   Business

Menu

  |   Business

Search

LG CNS, XYZ Robotics Join Forces for Robot Logistics E-Commerce Business

Photo by: LG CNS Website

LG CNS Co. Ltd., the information technology services arm of LG Corporation, has signed a memorandum of understanding (MOU) with XYZ Robotics to jointly work on projects in the e-commerce logistics industry. Through the partnership, the South Korean firm is aiming to strengthen robot integration in logistics business operations.

LG CNS revealed its cooperation with XYZ Robotics on Sunday, Sept. 17. according to The Korea Herald, the companies signed a MOU to integrate the latter’s robot solutions with the former’s robotic integrated operations platform.

Moreover, all the robot solutions that will be available on the integrated platform of LG CNS and XYZ Robotics are set to be offered through a robot as a service or RaaS model. In this system, the robotics companies provide customers with solutions and allow them to use the company’s robot devices through a subscription plan. Yonhap News Agency mentioned that this arrangement also allows customers to only pay for the service they use or need.

“The logistics automation market has transitioned from the digital transformation, where AI and big data were applied across processes, to the robot transformation era, where robots are effectively utilized for every aspect,” LG CNS’ head of smart logistics solution, Lee Jun Ho, said.

Under the partnership, the two will start their first project by deploying palletizing and depalletizing robots at logistics centers in the country. The palletizing robot refers to an industrial machine that can transfer, sort, and stack boxes onto a pallet while the depalletizing robot unloads the items from a pallet.

Meanwhile, LG CNS also revealed that it is also working on a PoC (proof of concept) project. For this, it will turn 165 square meters of space that was previously used as a gas station into an urban logistics center (MFC) using its robot-integrated operation platform and the Ieum 5G network, which is a 5th generation mobile communications specialized network.

Photo by: LG CNS Website

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.