Sunrise, FL–(business wire)–Alliance Entertainment Holding Corporation (“Alliance Entertainment”), the world’s largest distributor and wholesaler of an inventory selection of music, movies, video games, electronics, arcades and collectibles, today partnered with AutoStore™ and Swisslog to design Cube and announced the installation. Warehouse-based Automated Storage and Retrieval System (ASRS) in action at an 873,000 square foot warehouse in Kentucky.
AutoStore’s ASRS harnesses the power of warehouse robots for 24/7 order fulfillment, increasing storage capacity and freeing up storage space in a dense cubic layout. AutoStore’s ASRS uses robots to move over a surface grid, pick up or dig up totes containing the products required for an order, and deliver these bins to picking stations. This allows each operator to pick up to four different orders at the same time and walk away from the pick process. Based in Norway, his AutoStore has over 1,000 systems installed worldwide with some of the world’s largest brands. Swisslog, the world’s leading provider of automated intralogistics technology, partnered with Alliance to design and install the company’s new ASRS.
A new video shows AutoStore ASRS in action at Alliance Entertainment’s Warehouse Fulfillment Center in Shepherdsville, Kentucky. Sorting, packing, shipping. The warehouse holds his 33 million units in stock across over 485,000 unique inventory SKUs.
You can watch this video on the Alliance Entertainment website here.
Alliance Entertainment’s ASRS configuration combines AutoStore’s latest generation B1™ robot with over 52,000 storage bins (each bin is configurable and holds up to 8 unique SKUs with a maximum weight of 66 lbs) and covers 22,200 square feet of the company’s 873,000 square feet. This enables a picking rate of 2,000 lines per hour with seven picking ports and a storage throughput of 200 bins per hour. For future additional capacity, ASRS is designed to allow the addition of two additional pick ports without changing the physical frame or stopping production, increasing the number of storage ports from 4 to 8. It is designed to be extensible to
Under the terms of the agreement, Alliance Entertainment executed a four-year lease for ASRS. AutoStore’s ROI has been calculated at his 3.5 years, mostly due to labor savings, reduced training costs, reduced handling/sorting, creating sorting capacity for other product lines, and ultimately customer This is due to the speed of delivery.
“As vinyl shipments from our Kentucky warehouse increased significantly from 8.1 million units in 2019 to 16.3 million units in 2021, we wanted to reduce walking distances to select products, store them in a more compact form, We needed a system that would allow us to reduce volume,” said Warwick Goldby, senior vice president of operations for Alliance Entertainment. With over 10,000 units and 40,000 vinyl record titles in inventory, combined with increased shipments since the pandemic, warehouses have had to adapt to staffing challenges and run workloads with limited resources. We realized that we needed to move to greater automation.
“AutoStore is product agnostic and at this stage we are focusing first on vinyl records and improving our processes. This allows you to grow into other product lines and use the same storage configuration.AutoStore’s location and design are tailored to your needs while minimizing the impact on your daily operations. The assumption was that capacity could be expanded in the future to accommodate more bins depending on demand.With AutoStore, Alliance will reimagine the flow of products in its warehouse, alter existing processes, and store them in different ways. We can create picking and sorting capabilities.We are pleased with the launch of the system and the impact it will have on our capacity for efficiency, cost and future growth,” concludes Goldby.
About auto store
Founded in 1996, AutoStore™ is a warehouse robotics technology company that invented and continues to pioneer the automation of cube storage, the densest order fulfillment solution in existence. Our focus is to combine software and hardware with human capabilities to create the future of warehouses. AutoStore is global, with over 1,000 of his systems in 46 countries and used across a wide range of industries. All sales are distributed, designed, installed and serviced by a network of qualified system integrators called “partners”. The company is headquartered in Nedre Vats, Norway, with offices in Oslo (Norway), USA, UK, Germany, France, Spain, Italy, Austria, South Korea, Japan and Singapore.
The AutoStore system consists of aluminum grids, robots, bins, ports and controllers. Stacked bins are arranged in a grid. The robot rides rails along the top of the grid and retrieves bins as needed. The bins are then delivered to the port where warehouse operators are stationed to pick up or fill, tag, pack and ship the product. The controller acts as the brain for the entire operation. For more information, please visit www.autostoresystem.com.
Swisslog designs, develops and delivers best-in-class automation solutions. Headquartered in Buchs/Aarau, Switzerland, Swisslog consists of two business units, Healthcare and Logistics Automation, that design and manufacture best-in-class automation solutions for advanced medical systems, supply chain operations and production facilities. Developed and provided. Customers benefit from integrated systems and services from a single source, from consulting to design, implementation, and life-time customer support. Swisslog is a member of his KUKA Group, a leading global supplier of intelligent automation solutions. For more information, please visit www.swisslog.com.
About Alliance Entertainment
Alliance Entertainment is a leading distributor of music, movies and consumer electronics. We offer over 485,000 unique inventory SKUs, including over 57,300 exclusive compact discs, vinyl LP records, DVDs, Blu-rays and video games. Complementing our extensive media catalog is a large selection of related accessories, toys and collectibles. With over 35 years of distribution experience, Alliance Entertainment serves customers of all sizes and offers a robust suite of services to resellers and retailers around the world. Our efficient processing and essential seller tools significantly reduce costs associated with managing multiple vendor relationships while helping omnichannel retailers expand their product selection and fulfillment 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 Adara Acquisition Corp. (NYSE: ADRA, ADRA.U, ADRA.WS) (“Adara”), a publicly traded special purpose acquisition company Did. The transaction is expected to close in the fourth quarter of 2022, at which time the combined company’s common stock will trade on the NYSE American under the ticker symbol “AENT.”
About Adara Acquisition Corp.
Adara raised $115 million in February 2021 and its securities are listed on the NYSE American under the ticker symbol NYSE: ADRA, ADRA.U, ADRA.WS. Adara is a blank check company organized for the purpose of a merger, stock swap, asset acquisition, stock purchase, capital increase, reorganization, or other similar business combination with one or more companies or entities. Adara is led by CEO Thomas Finke (Former Chairman and CEO of Barings LLC) and Director W. Tom Donaldson (Founder of Blystone & Donaldson). In addition to Finke and Donaldson, Adara’s board also includes Frank Quintero, Dylan Glenn and Beatrice Acevedo Greif.
For more information, please visit www.adaraspac.com.
Certain statements contained in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. “may”, “will”, “estimate”, “continue”, “predict”, “intend”, “expect”, “should”, “would”, “plan , “predict”, “may”, “seek”, “seek”, “future”, “prospect” and similar expressions that predict or indicate future events or trends; They are not statements. These forward-looking statements include estimates and forecasts of financial and performance indicators, forecasts of market opportunities, expectations and timing related to Alliance Entertainment’s business, customer growth and other business milestones, and proposals. including, but not limited to, statements regarding the potential benefits of the products identified. business combinations (“Proposed Transactions”) and expectations related to the timing of the proposed Transactions;
These statements are based on various assumptions, whether or not identified in this press release, are based on the current expectations of management of Adara and Alliance Entertainment, and are not projections of actual performance. is not. These forward-looking statements are provided for illustrative purposes only and are not intended to act as guarantees, guarantees, projections or conclusive statements of fact or possibility and are not relied upon by investors. should not be. Actual events or circumstances may be difficult or impossible to predict and differ from assumptions. Many of the 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 international business, market, financial, political and legal conditions. the parties to the proposed transaction, including the risk of failure to obtain regulatory approval, the risk of delay, or the risk of being exposed to unforeseen circumstances that may adversely affect the expected benefits of the combined company or the proposed transaction; the inability to successfully or timely complete a transaction; Not approved by Adara or Alliance Entertainment shareholders. failure to realize the anticipated benefits of the proposed transaction; risks associated with the uncertainty of the forecast financial information regarding Alliance Entertainment; Risks associated with the music, video, games and entertainment industry, including changes in entertainment delivery formats. global economic conditions; the impact of competition on Alliance Entertainment’s future business; Risks associated with fulfillment networks. Risks associated with expansion and burden on Alliance Entertainment’s managerial, operational, financial and other resources. Performance and growth rate risks. Business could hurt the volume of redemption demands by Adara’s public shareholders. the factors described under the heading “Risk Factors” in Adara’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and filed June 23, 2022; The current report on Form 8-K and Adara’s other documents have been or will be filed with the SEC.
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