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BUSINESS BRIEF Wilmingtons Locus Robotics Announces Partnership With JDA Software

first_imgWILMINGTON, MA — Locus Robotics, the market leader in autonomous mobile robots for fulfillment warehouses, recently announced a reseller partnership with JDA Software, Inc. The partnership will facilitate and accelerate adoption of the innovative warehouse technology solutions offered by both companies, providing Locus and JDA customers with easier, faster deployments and fully optimized integrations.“JDA has a proven track record of identifying and utilizing the industry’s most advanced technology solutions to enable leading retail and third-party logistics companies to tackle challenges in their supply chain head-on,” said Rick Faulk, CEO of Locus Robotics. “We are excited to be working together and look forward to leveraging JDA’s powerful platform to fast-track new customer onboarding, while also driving greater operational efficiency, productivity, and accuracy for joint customers.”Through the partnership, JDA will promote and sell Locus’s award-winning, multi-bot solution as a reseller and build a more seamless integration over time, which will allow for faster implementation and deployments. As a Locus Robotics reseller, JDA will ultimately provide a one-stop subscription service to Locus Robotics’ solutions, offering unprecedented scale to their customers in automated and semi-autonomous environments, all with improved speed and supportability, leading to higher levels of warehouse productivity.“Locus Robotics is an excellent fit for JDA, and we’re looking forward to working with them as a reseller,” said Alex Price, GVP Global Alliances, Channel and Technology Ecosystem Strategy JDA. “We are committed to bringing the latest productivity improvement and problem-solving solutions to our customers worldwide with standard product adapters. Locus’s innovative multi-bot solution represents the future of warehousing, and it has already proven itself in dozens of commercial deployments, including several for JDA. Through this partnership, we will ensure a faster time-to-value for our customers.”JDA Warehouse Management helps manufacturers, retailers, distributors and third-party logistics providers to thrive by providing the power to quickly adapt to change, and optimize and execute the tasks to get the right inventory, at the right location, at the right time. JDA Warehouse Management enables real-time optimization of key warehouse activities, allowing customers to deliver on increasingly aggressive service level expectations, while maintaining operational efficiencies and inventory quality and freshness concerns. JDA Warehouse Management customers have achieved substantial ROI, including fulfillment cost reductions of 10-50%, inventory visibility and accuracy near 100%, inventory reductions of 5-25%, and more.About Locus RoboticsLocus Robotics’ revolutionary, multi-bot solution incorporates powerful and intelligent autonomous mobile robots that operate collaboratively with human workers to dramatically improve piece-handling productivity 2X-3X, with less labor compared to traditional picking systems. This award-winning solution helps retailers, 3PLs, and specialty warehouses efficiently meet and exceed the increasingly complex and demanding requirements of fulfillment environments, easily integrating into existing warehouse infrastructures without disrupting workflows, instantly transforming productivity without transforming the warehouse. Customers, including DHL, GEODIS, Port Logistics Group, Verst Logistics, Radial, and others, are seeing doubling or tripling of fulfillment productivity with near-100% accuracy, while saving 30% or more in operating expenses. For more information, visit http://www.locusrobotics.com.(NOTE: The above press release is from Locus Robotics via PRNewswire.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedBUSINESS BRIEF: Wilmington’s Locus Robotics Named Top Warehouse Robotics Company For Fourth Consecutive YearIn “Business”BUSINESS BRIEF: Wilmington’s Locus Robotics Named Leading Warehouse Robotics Company For 3rd Straight YearIn “Business”Wilmington’s Locus Robotics Announces $25 Million Series B FundingIn “Business”last_img read more

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Gold Price to Plunge to 800 an Ounce Next Year ABN Amro

first_imgGold prices may plunge to $800 an ounce by the end of next year as investors are likely to turn extremely bearish on the yellow metal prices amid a strengthening US dollar.The prices of precious metal are estimated to fall to $1,000 an ounce by December this year, from the current level of $1,140 an ounce, according to ABN Amro.A sharp decline in prices is likely to be led by a possible interest rate hike by the US central bank this year, apart from metal losing its sheen as a safe-haven asset.”We are of the opinion that gold’s safe-haven status has been reduced significantly,” Gulf News quoted the bank, as saying.In July, gold prices fell to five-year lows as expectations heightened over the US Federal Reserve starting its rate hiking cycle in September. However, the metal reversed all the losses as China opted for yuan devaluation.”The gold market has dramatically changed with the arrival of gold products that opened the market to a wider public. Gold is not only bought as a protection for uncertain times but also for speculation purposes. The latter goes completely against gold’s safe haven character and at times it more than overshadows it,” it said.But, Rolf Schneebeli — CEO of Gold Services AG — expects the bank’s projections to be “revised later” as it still too early to forecast the bullion movements for next year.Schneebeli forecasts the prices of the metal will trade around $1,080 to $1,100 by the end of this year.”Generally, I hold ABN Amro’s analysis in high esteem. However, it seems to be a very sporty prediction,” Schneebeli said.”The ABN Amro’s forecast reminds me a bit of the late 90s when the UBS analyst constantly forecast a price of below $100. It went the other direction,” he added.Karim Merchant, group CEO and managing director of Pure Gold Jewellers, however, sees chances of gold prices averaging $900 to $1,100 an ounce.”Predicting the future is always speculative. [But] with the current information that we have today, we feel that gold we will trade in the average range of $900 to $1,100.If there is a major macro economic change, anything is possible including gold going back to a bull run,” Karim said.”The price of gold is vulnerable to one last dip if, as we anticipate, the Fed presses ahead with a first hike in US interest rates soon,” said Capital Economics.Capital Economics forecasts that gold prices to trade at $1,200 by 2015-end and $1,400 by 2016-end.last_img read more

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3rd phase polls to 117 upazilas Sunday

first_imgElections to 117 upazila parishads will be held on Sunday in the third phase of the local body polls.Some 11,887,751 voters will be able to exercise their voting rights under 9,298 polling stations in the balloting that is set to begin at 8am and continue till 4pm without any break.In the 117 upazilas, some 340 chairman, 584 vice-chairman and 399 woman vice-chairman candidates are contesting the elections.Besides, 33 chairman, nine vice-chairman and 13 woman vice-chairman contestants have already been elected uncontested in the absence of any valid candidate to oppose them.Though the election commission earlier announced the election schedule for 127 upazilas of 25 districts, the balloting will not be held in 10 upazilas in the third phase on various grounds.”Six upazilas where all candidates have already been elected unopposed don’t require the balloting, while polls to two other upazilas were postponed following a court order and the election to the remaining two upazilas shifted to the fourth phase,” said EC secretaryHelaluddin Ahmed said this at a pre-election briefing at the media centre of the Nirbachan Bhaban in the city on Saturday afternoon.The election to four upazilas will be held based on electronic voting machines completely, he said adding the upazilas are Meherpur Sadar, Gopalganj Sadar, Manikganj Sadar and Rangpur Sadar.He said the election materials including translucent ballot boxes and ballot papers have already been handed over to the presiding officers.”All the necessary preparations have been taken to hold the third phase election in a peaceful manner like the first phase and second phase elections,” EC secretary Helaluddin Ahmed said.The EC has withdrawn three Upazila Nirbahi Officers and nine officers-in-charge (OCs) of police stations from the duty of the third phase polls, he said.Besides, the commission served warning notices to several MPs over violation of the election code, he added.A large number of security members, including police, RAB, BGB and Coast Guard, have been deployed in the election areas since Friday. They are slated to remain so till Tuesday.Additional BGB members were deployed in some upazilas amid the risk of irregularities and deterioration of the law and order in this phase, Helaluddin said.Besides, at least one judicial magistrate was deployed in each upazila and an executive magistrate for every three union parishads for five days to punish any violations of the polls code.A security team comprising of 14-16 members drawn from police, Ansar and VDP will guard each polling station on the day.The Public Administration announced a public holiday in the 117 upazilas for Sunday.The 5th upazila election will be completed in five phases holding polls to some 480 upazilas out of the country’s 492 ones. The EC has so far announced the election schedule for the first four phases.The first phase and second phase elections were held on 10 and 18 March respectively, while the fourth phase polls are scheduled to be held on 31 March.The first upazila election was held in 1985, while the following three were held in 1990, 2009 and 2014.last_img read more

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Texas Senate Passes TwoYear Budget With Money For Property Tax Cuts —

first_img Share The Senate’s spending plan also contains a provision directing the Texas Health and Human Services Commission to cut costs by $900 million. If included in the final version signed by Gov. Greg Abbott, it would mark the sixth consecutive two-year budget to order the health commission to eke out savings from its operations.Nelson said that without cost-cutting measures, the health and human services portion of the budget was “going to continue to crowd out other priorities.”“We must continue looking for ways to have more efficient use of our limited resources,” she said.Emma Platoff, Aliyya Swaby and Shannon Najmabadi contributed to this report.This piece was originally published in The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues.  Juan Figueroa/The Texas TribuneSenate Finance Chair Jane Nelson, R-Flower Mound, said the state funds set aside in the budget for property tax reform “will conform to whatever solution for tax relief is agreed to this session.”The Texas Senate on Tuesday approved a two-year, $248 billion spending plan that includes $2.7 billion for a nebulous goal of property tax “relief” — but with seven weeks left in the 2019 legislative session, the upper chamber has yet to rally behind a way to spend those funds.The Senate budget also includes a $6.3 billion boost for public schools — about $4 billion of which would increase teachers’ and librarians’ annual salaries by $5,000, with $2.3 billion set aside for unspecified aid to school districts. And it orders the Texas Health and Human Services Commission to cut Medicaid expenses by nearly $1 billion, without identifying a way of doing so.“We must take action this session to provide meaningful, lasting property tax relief,” said state Sen. Jane Nelson, a Flower Mound Republican and the Senate’s lead budget writer.The $2.7 billion in state funds set aside to pay for local property tax cuts “will conform to whatever solution for tax relief is agreed to this session,” she said.The Senate passed the two-year spending plan unanimously. The vote sets the stage for negotiations between the two chambers; the House unanimously approved its own version of a spending plan last month.Both chambers approved budgets with similar price tags, and both have agreed to pump an additional $9 billion in state funds into the public education portion of the budget. But crucial differences remain between the proposals favored by House Speaker Dennis Bonnen and Lt. Gov. Dan Patrick.The House backed a plan that would would lower school district tax rates statewide by 4 cents per $100 of taxable value, enough to reduce the annual property taxes paid by the owner of a $250,000 home by about $100. Texans in higher-tax school districts would see greater tax reductions under the proposal, with relief offered to both homeowners and business owners.The Senate, meanwhile, has offered up a host of property tax proposals that remain stalled at various stages of the legislative process. A bill by state Sen. Paul Bettencourt, R-Houston, would increase the state’s homestead exemption, pending approval by voters. It would shave off $10,000 from a homeowner’s taxable value, reducing annual school district taxes by roughly $100, depending on local tax rates. That bill was left pending in committee.Another Bettencourt proposal would force a school district to hold an election if it seeks to increase the tax rate by more than 2.5 percent from one year to the next. That bill, whose cost is still unknown, according to state officials, has not yet been heard in committee.“There’s multiple permutations,” Bettencourt told The Texas Tribune last week, after the House passed its proposal to lower school district property tax rates as part of a massive public education overhaul. “That’s what’s called the legislative process.”While the Senate is aggressively pushing a proposal that would limit the growth of property tax revenues raised by cities and counties, it would have only minimal effects on the state budget compared with proposals that rein in school district taxes. That’s because the state shares a responsibility with local governments to pay for public schools. School district taxes make up the majority of total property tax revenues raised throughout Texas.Earlier Tuesday, Bonnen told a Lubbock talk-radio host there wasn’t much daylight between the two chambers on property taxes.“On this issue, I don’t think you’re going to see significant differential between the House and Senate,” Bonnen said. “The reality of it is we’re all pretty close on where we’re going.”Over roughly three hours, Senators touted a host of other priorities funded in their budget, including $230 million to maintain health benefits for retired teachers, $157 million to maintain graduate medical education opportunities for medical school graduates, and more than $1 billion across state agencies for cybersecurity and technological improvements.last_img read more

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