Goodman Group and Geek+ have entered a strategic partnership to develop automated warehousing solutions, with an eye on catering to the logistics demand of the burgeoning e-commerce market in Greater China.
Both companies will explore cooperative ventures to drive innovation in smart warehouse, including joint development of warehousing products and building specialised automated warehouse properties.
“Our customers are always looking for ways to create efficiencies in their supply chains to meet growing consumer expectations for cost effectiveness and rapid delivery,” said Kristoffer Harvey, chief executive officer, Greater China at Goodman Group. “Well-located smart warehouses are the answer. By partnering with Geek+, we are giving our customers and China’s consumers access to the latest warehouse robotics and technology.”
According to Harvey, China continues to be a world leader in e-commerce and online retail already makes up over 27% of total retail sales. This is expected to increase by 63% to 2025.
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally.
As part of their partnership, Goodman will be able to provide its warehousing customers with the flexible and scalable Geek+ Robot-as-a-Service package. Geek+ products and solutions include Goods-to-Person systems, vertical storage systems, robotic sorting, and autonomous forklifts, known for their precision, reliability, and cost savings logistics for retail, e-commerce, manufacturing customers.
Founded in 2015, Geek+ has over 1500 employees and is headquartered in Beijing, with offices in Germany, the UK, the US, Japan, Hong Kong SAR, and Singapore. To date, it has deployed more than 20,000 robots worldwide.
“With our extensive logistics management experience from over 300 automation projects worldwide, Geek+ can provide comprehensive automation solutions that take full advantage of Goodman’s well located and high-quality properties,” said Lit Fung, vice president and managing director APAC, UK and Americas at Geek+.