GXO Logistics Deploys Robotics Solution For Sporting Goods Retailer In France
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- GXO Logistics Robotics Deployment in France: GXO Logistics revealed a large-scale robotics solution for a global sporting goods retailer in France to expedite order processing, enhance adaptability, and achieve cost efficiencies.
- Technology Integration: The tote-to-person solution with high-density storage enables high-volume picking, storage, and operating efficiency in the warehouse, focusing on solving complex global supply chain problems.
- Tech and Automation Growth: In 2023, GXO increased its total tech and automated systems by about 50% year over year.
- European Logistics Enhancement: GXO is deploying automation across 12,000 square meters in Europe, involving 500 AMRs managing 70,000 bins to improve productivity, accuracy, and safety while being flexible to seasonal demands.
- Stock Performance and Investment Opportunities: GXO stock has decreased over 7% in the past year; investors can access the stock through Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF NRSH and Invesco S&P Spin-Off ETF CSD.
Analyst Views on GXO
Wall Street analysts forecast GXO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GXO is 66.08 USD with a low forecast of 58.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 57.690
Low
58.00
Averages
66.08
High
80.00
Current: 57.690
Low
58.00
Averages
66.08
High
80.00
About GXO
GXO Logistics, Inc. is a contract logistics provider. The Company provides its customers with value-added warehousing and distribution, order fulfillment, e-commerce, reverse logistics and other supply chain services to deliver technology-enabled customized solutions. It offers its technology in three areas: labor and inventory management productivity, intelligent warehouse automation and predictive analytics, all of which are integrated through its warehouse management platform. The Company has three reporting units: Americas and Asia-Pacific; United Kingdom; and Ireland and Continental Europe. It operates approximately 1,030 facilities worldwide, totaling 218 million square feet of space, primarily on behalf of large corporations that have outsourced their warehousing, distribution, and other related activities to the Company. It serves a range of customers in various industries, including grocery, retail and manufacturing, consumer goods, healthcare, defense, industrial, and energy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
