How tech unicorn Geek+ is nurturing a new generation of R&D talent in Hong Kong
- Start-up specialises in smart logistics solutions incorporating robotics and artificial intelligence, with a goal to fully automate warehouses
- With a emphasis on research and development as well as international growth, the company decided to open a global R&D centre in Hong Kong
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Automation is transforming the logistics industry, with robotic solutions increasing productivity and reducing the time it takes to get products to customers amid increasing e-commerce demand around the world.
With these changes, the value of the logistics automation market is expected to nearly double from US$52.19 billion in 2020 to US$104.23 billion by 2026, according to research firm Mordor Intelligence. In addition, the Asia-Pacific region is currently seeing the fastest growth in logistics automation deployment globally.
One company contributing to the evolution of this space is Geek+, a tech unicorn that provides smart logistics solutions to a network of international clients including Nike and Decathlon, and which is now helping nurture research and development (R&D) talent in Hong Kong.
Founded in Beijing in 2015, Geek+ provides both hardware- and software-based automation solutions that incorporate robotics and artificial intelligence (AI) technologies. The company has developed a range of autonomous mobile robots (AMRs) that are used in warehouses, factories and supply chain management to carry out picking, sorting, moving and lifting functions.