AutoStore supports order fulfillment for 33 million units of inventory with over 485,000 SKUs
Alliance releases new video showing AutoStore system in action at its Kentucky fulfillment center
Florida Sunrise, January 5, 2023–(Business Wire)–Alliance Entertainment Holdings (“Alliance Entertainment”), the world’s largest distributor and wholesaler of music, film, video game, electronics, arcade and collectible inventory selections, today announced that it has partnered with AutoStore™ and Swisslog to design and install a cube – Warehouse-based Automated Storage and Retrieval System (ASRS), which is now operational at its 873,000-square-foot Kentucky warehouse.
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AutoStore’s ASRS leverages the power of warehouse robots to enable 24/7 order fulfillment in dense cube layouts, increasing storage capacity and freeing up storage space. AutoStore’s ASRS uses robots to move across a surface grid, picking or digging totes containing the product required for an order, and delivering these to a picking station, allowing each operator to pick up to 4 different orders simultaneously, eliminating the need for Come out of the selection process. Norway-based AutoStore has installed more than 1,000 systems worldwide, including some of the world’s largest brands. Swisslog, the world’s leading supplier of automated intralogistics technology, worked with Alliance to design and install the company’s new ASRS.
New video shows AutoStore ASRS in action at Alliance Entertainment’s warehouse fulfillment center in Shepherdsville, Kentucky. The 873,000 sq. ft. , packaging and shipping. The warehouse holds 33 million items in stock with over 485,000 unique stock SKUs.
The video is available on the Alliance Entertainment website here.
Alliance Entertainment’s ASRS configuration includes AutoStore’s latest generation B1™ robot and over 52,000 storage bins (each bin is configurable to hold up to 8 unique SKUs with a maximum weight of 66 lbs), accounting for the company’s 873,000 22,200 sq. ft. in sq. ft. warehouse with a pick rate of 2,000 lines per hour and an inbound throughput of 200 cases per hour at seven pick ports. To increase future capacity, the ASRS was designed to add 2 additional pick ports and expand the number of Putaway ports from 4 to 8 without modifying the physical frame or stopping production.
Under the terms of the contract, Alliance Entertainment signed a four-year lease with ASRS. AutoStore has been calculated to have a ROI of 3.5 years, with the bulk of that coming from labor savings, reduced training costs, reduced handling/sorting and creating sorting capacity for other product lines, and ultimately faster delivery to customers.
“With vinyl shipments from our Kentucky warehouse growing staggeringly from 8.1 million units in 2019 to 16.3 million units in 2021, we needed a system that would reduce the walk distances needed to pick product, store it in a more compact format, and reduce the amount of labor required to handle the product,” said Warwick Goldby, Alliance Entertainment’s Senior Vice President of Operations. “We now have an inventory of more than 3 million records and 40,000 vinyl records, including Alliance inventory and AMPED distributed records. Combined with the increase in shipments, since the pandemic, we have recognized the need to move to greater automation , as warehouses have been challenged to accommodate staffing and execution workloads with limited resources within increasingly tight delivery time frames.
“AutoStore is product agnostic, at our current stage we are focusing on vinyl records first and improving our process. However, AutoStore can be configured for any product we currently and in the future carry in the warehouse to fit the case. This allows us to Ability to expand to other product lines and use the same storage configuration.The location and design of the AutoStore allows for the ability to expand its capacity in the future to allow for more cases if required, while minimizing the impact on the store’s day-to-day operations.AutoStore Allowing Alliance to reimagine the way products flow through our warehouses, changing existing processes, and creating picking and sorting capabilities by doing things differently. Our rollout of this system and its impact on efficiency, cost, and our future The ability to grow,” Goldby concluded.
About automatic storage
Founded in 1996, AutoStore™ is a warehouse robotics company that invented and continues to lead the automation of cube storage, the most intensive order fulfillment solution available. Our focus is on combining software and hardware with human capabilities to create the future of warehousing. AutoStore is global with more than 1,000 systems in 46 countries across a broad range of industries. All sales are distributed, designed, installed and serviced by a network of qualified system integrators (referred to as “Partners”). Headquartered in Nedre Vats, Norway, with offices in Oslo (Norway), USA, UK, Germany, France, Spain, Italy, Austria, Korea, Japan and Singapore.
The AutoStore system consists of an aluminum grid, robots, containers, ports and controllers. Stacked Bins are arranged in a Grid. The robot travels along a track on top of the grid, retrieving bins as needed. These bins are then shipped to ports where warehouse operators are stationed to pick or fill products, label them, pack them and send them out. The controller acts as the brains behind the entire operation.For more information, please visit www.autostoresystem.com.
Swisslog designs, develops and delivers state-of-the-art automation solutions. Headquartered in Buchs/Aarau, Switzerland, Swisslog is organized into two business units: Healthcare and Logistics Automation, which designs, develops and delivers state-of-the-art automation solutions for forward-looking health systems, supply chain operations and production facilities. Customers benefit from integrated systems and services from a single source – from consulting to design, implementation and lifetime customer support. Swisslog is part of the KUKA Group, a world-leading supplier of intelligent automation solutions.For more information, please visit www.swisslog.com.
About Union Entertainment
Alliance Entertainment is a major distributor of music, movies and consumer electronics. We offer over 485,000 unique inventory SKUs, including over 57,300 exclusive discs, vinyl LPs, DVDs, Blu-rays and video games. In addition to our extensive media catalog, we stock a full range of related accessories, toys and collectibles. With over 35 years of distribution experience, Alliance Entertainment serves clients of all sizes, offering a robust suite of services to resellers and retailers worldwide. Our efficient processing and essential seller tools significantly reduce the costs associated with managing multiple supplier relationships, while helping omnichannel retailers expand their product selection and achieve their goals.For more information, please visit www.aent.com.
On June 23, 2022, Alliance Entertainment announced that it will go public through a merger transaction with publicly traded special purpose acquisition company Adara Acquisition Corp. (NYSE: ADRA, ADRA.U, ADRA.WS) (“Adara”). The transaction is expected to close in the fourth quarter of 2022, at which time the combined company’s common shares are expected to trade on the New York Stock Exchange American Exchange under the ticker symbol “AENT.”
About Adara Acquisition Corp.
Adara raised $115 million in February 2021 and its securities are listed on the New York Stock Exchange in the United States under the ticker symbol “NYSE: ADRA, ADRA.U, ADRA.WS”. Adara is a blank check company with the intent to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, restructuring or other similar business combination with one or more businesses or entities. Adara is led by its CEO Thomas Finke (former Chairman and CEO of Barings LLC) and its director W. Tom Donaldson (founder of Blystone & Donaldson). In addition to Mr. Finke and Mr. Donaldson, Adara’s Board of Directors includes Frank Quintero, Dylan Glenn and Beatriz Acevedo-Greiff.
To learn more, visit: www.adaraspac.com
Certain statements contained in this press release that are not historical facts are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “believes,” “may,” “will,” “estimates,” “continues,” “expects,” “intends,” “anticipates,” “should,” “will,” “plans,” “Predicts,” “potential,” “seems,” “seeks,” “future,” “outlook” and similar expressions that predict or indicate future events or trends, or are not statements of historical events. These forward-looking statements include, but do not limited to statements regarding estimates and forecasts of financial and performance metrics, market opportunity projections, expectations and timing related to Alliance Entertainment’s business, customer growth and other business milestones, the potential benefits of a proposed business combination (the “Proposed Transaction”), and Expectations related to the timing of the proposed transaction.
These statements are based on various assumptions (whether or not indicated in this press release) and the current expectations of Adara’s and Alliance Entertainment’s management and are not predictions of actual performance. These forward-looking statements are made for illustrative purposes only and are not intended to be, and should not be relied upon by, investors as guarantees, guarantees, predictions or express statements of fact or likelihood. Actual events and circumstances are difficult or impossible to predict and will differ from those assumed. Many actual events and circumstances are beyond the control of Alliance Entertainment and Adara.
These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely complete the proposed transaction, including failure to obtain any regulatory approvals, delays or Risk of unforeseen circumstances that could adversely affect the combined company or the expected benefits of the proposed transaction Non-approval by Adara or Alliance Entertainment shareholders; Failure to realize expected benefits of the proposed transaction; Uncertainty with Alliance Entertainment’s projected financial information related risks; risks related to the music, video, gaming and entertainment industries, including changes in entertainment delivery formats; global economic conditions; the impact of competition on Alliance Entertainment’s future business; risks related to fulfillment networks; risks related to expansion and pressure on Alliance Entertainment’s management, operations, financial and other resources; risks associated with operating results and growth rates; the possibility that the business could be harmed by redemption requests from Adara’s public shareholders; those factors discussed under the heading “Risk Factors” in its Annual Report on Form 10-K for the fiscal year ended June 23, 2022, and its Current Report on Form 8-K filed on June 23, 2022 and Adara’s other filings have been or will be filed with U.S. Securities and Exchange Committee for the record.
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Chris Tyson/Larry Holub