Honeywell

Honeywell: Aerospace company or retail powerhouse?

Honeywell proving it's not a one-trick pony with a growing presence in retail

When you think of Honeywell, chances are you’re conjuring up images of aerospace and defense technology, of products like jet engines, satellite communications systems and maybe even quantum computers. But over the years, the massive multinational conglomerate has quietly ventured into a decidedly different setting: retail.

In 2016, Honeywell (NASDAQ: HON) decided to split up its Automation and Control Solutions business into two new segments: Home and Building Technologies (HBT) and Safety and...

https://www.freightwaves.com/news/honeywell-aerospace-company-or-retail-powerhouse

Honeywell launches robot to reduce warehouse injuries, boost efficiency

Honeywell launches a new robot to automate case pickind and reduce warehouse injuries while boosting efficiency

One of the unfortunate realities of the warehousing industry is that it isn’t particularly safe. Of the 2.8 million nonfatal workplace injuries and illnesses in 2019, approximately 8% came from the warehousing industry, with injuries occurring at a rate of 4.8 for every 100 full-time workers. According to a report from Liberty Mutual, nonfatal industries in warehousing and transportation cost companies more than $84 billion per week in 2018 – that’s around $240,000 per year for each of the...

https://www.freightwaves.com/news/honeywell-launches-robot-to-reduce-warehouse-injuries-boost-efficiency

Thousands laid off as COVID-driven demand drops

A Marine receives a COVID-19 test in Australia. (Photo: U.S. Marine Corps/Natalie Greenwood)

This is an excerpt from Medically Necessary, a health care supply chain newsletter. Subscribe here.

The problem: Companies making masks, swabs and diagnostic tests are laying off or furloughing thousands of workers as demand for their products is dropping quickly. News reports have tallied nearly 8,000 layoffs at various companies due to declining demand.

Masking: The American Mask Manufacturers Association, a trade group representing about 30 smaller PPE producers, reported that by the end of...

https://www.freightwaves.com/news/thousands-laid-off-as-covid-driven-demand-drops

FarEye raises $100M for global expansion

FarEye, a global software-as-a-service delivery management platform, announced Tuesday it has closed a $100 million Series E round led by TCV and Dragoneer Investment Group with participation from past investors including Eight Roads Ventures, Fundamentum and Honeywell. Along with the raise, Gopi Vaddi, a general partner at TCV, will join the company’s board of directors.

The company has raised a total of $150.7 million since 2013.

In an interview with FreightWaves, Kushal Nahata, co-founder and...

https://www.freightwaves.com/news/fareye-raises-100m-for-global-expansion

Creating the digital glue that connects in-store, online experiences

supply chain changes due to covid

In 2019, 4% of grocery sales were online. In 2020, that spiked to 30%, according to Karen Bomber, Honeywell’s head of retail insights. COVID changed that and so much more for the retail supply chain in 2020, with some of the changes likely becoming permanent, Bomber and Miya Knights, head of industry insight atSaaS technology company Eagle Eye, told the audience during a virtual session Tuesday as part of the National Retail Federation’s Chapter One conference.

Noting that she was one of those...

https://s29755.pcdn.co/news/creating-the-digital-glue-that-connects-in-store-online-experiences

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