Volvo Cars Drops Full-Year Outlook as China, US Sales Weaken 
Wall Street Rises as Oil Prices Ease, Nasdaq Hits Record 
Asian Currencies Slide as Dollar Rises, Euro Hits 17-Month Low 
Fairshake Backs 32 Pro-Crypto House Candidates 
OKXICE Files for 24/7 Tokenized US Stock Trading 
Euro Hits 17-Month Low as France Debt Fears Boost Dollar 
Ukraine Faces $56 Billion Budget Gap as War Costs Soar 
Lucid Q3 Deliveries Miss Estimates as Production Falls 38% 
Zcash NU7 Testnet Cuts Block Time to 25 Seconds 
Trump Plans Diesel Tax Relief as Fuel Prices Hit Record Highs 
Flydubai FZ1073 Co-Pilot Accused of Terror Attack 
NEAR Price Rally Cools as $4.60 Support Takes Focus 
Oil Prices Fall as G7 Reserve Release Eases Supply Fears 
Fed’s Logan Signals 50 Basis Points More in Rate Hikes 
AAVE, PUMP, WLD and SKY Rally as Crypto Market Slips 
Hong Kong Stocks Slip as Property, Financial Shares Weigh 
Bajaj Finance Shares Rise 3.4% as AUM Jumps 27% 
Add as a preferred source on Google
Coupang e-commerce company based in Seoul, South Korea, has unveiled its newest fulfillment center in Daegu. The facility is also said to be the largest warehouse of its kind in Asia.
Coupang’s Daegu fulfillment center is not an ordinary one, as it was fitted with robots to help with the workload. It is a hi-tech fulfillment center that offers a glimpse of what the future logistics would be like.
The company showcased its new facility late last week, and it definitely boasts of advanced automation technology that uses artificial intelligence (AI). The Korea Times reported that this logistic system that uses AI automation to handle all delivery processes - starting from the collection of orders to packaging and sorting before shipment is one of the exceptional technologies in the hub.
It was learned that the Korean e-commerce firm put in more than KRW320 billion, or about $255.8 million, to build this fulfillment facility in Daegu. It is so wide that its size was said to be equivalent to 45 soccer stadiums.
Inside the warehouse, there are driverless forklifts, sorting bots, and automated guided vehicles or AGVs. These are just some of the impressive logistics technologies to be found here.
The entire building has a total of 10 floors aboveground, while the number of floors underground was not specified. The seventh and ninth levels are filled with 1,000 AGVs for stocking and collecting of goods that were ordered online. Previously, human employees did this work, they run around and climbed ladders to find items on the shelves.
“AGVs reduced the total workload by 65 percent as the robots deliver the shelves with hundreds of products to their designated station within an average of two minutes,” Korea Joongang Daily quoted Kim Chun Sung, the senior manager at Coupang Fulfillment Center, as saying. “The robots eliminate all of the human labor going into sorting.”
He added, “They sort and move the products based on the regions in just a few seconds, recognizing the barcode of the address affixed to the package with a scanner and they are perfectly optimized for our Rocket Delivery service.”
