Make Sense of BGRY Stock

[mariobros]

Who has the scoop on BGRY Stock? Looking for somebody to make sense of BGRY stock.

BGRY Investor Relations

[lloyd80]

Berkshire Grey is yet another AI Stock, here is an excerpt from a good article though:

BEDFORD, Mass. and COLUMBUS, Ohio, April 06, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc. (Nasdaq: BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, and Hy-Tek Intralogistics, a premier integrator of full-service automation technology for the supply chain, announce their formal partnership and celebrate the successful integration and installation of a highly-automated system for their customer, Bealls, Inc.

Despite persistent global supply chain issues, just 8 months after Bealls selected BG, the Berkshire Grey's Robotic Shuttle Product Sortation (BG RSPS) systems were live in the Bealls Jacksonville, Texas facility sorting items bound for stores. The 400,000-square-foot facility utilizes the BG RSPS solution to enable its operators to pick, sort, and pack 1,000s of items per hour. As a result, replenishment of its 575+ bealls stores has increased significantly over the past months, with early productivity improvements of 33%+ versus their previous approach.

"Berkshire Grey took a very different approach to automation than we had seen from other suppliers. BG invested the time necessary to understand our business, our operating environments, and our culture," said Ray Daugherty, Bealls Sr. Vice President, Logistics. He added, "The project completion speed and early results are impressive."