article thumbnail

SoftBank’s Vision Fund 2 Prepping Future Investments

PYMNTS

Sources have said that the Japanese conglomerate is reportedly in talks about funding Alto Pharmacy , a pharmaceutical delivery startup; Creator , which is focused on robotic burger-making; and Memphis Meats, a maker of lab-grown meat. It is still raising money for the new fund, which is expected to be larger than its first Vision Fund.

Memphis 100
article thumbnail

SoftBank’s Vision Fund 2 Could Back Burger Maker, Pharma Delivery Firm

PYMNTS

Sources have said that the Japanese conglomerate is reportedly in talks about funding Alto Pharmacy , a pharmaceutical delivery startup; Creator , which is focused on robotic burger-making; and Memphis Meats, a maker of lab-grown meat. It is still raising money for the new fund, which is expected to be larger than its first Vision Fund.

Memphis 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FedEx Teams With Walmart, Target On Same-Day Delivery Robot

PYMNTS

FedEx said it wants the robot to be part of its SameDay service, which currently operates in 1,900 cities around the world. The project has to be approved in the proposed test cities, including Memphis, where it has the go-ahead from Mayor Jim Strickland. It can navigate curbs, steps and uneven surfaces.

Memphis 122
article thumbnail

Mall Vacancies At Highest Level In Eight Years

PYMNTS

But 24 cities experienced vacancy rates that exceeded 12 percent, with the inclusion of Buffalo, Memphis and Albuquerque. million square feet globally – which is reportedly causing concern that mall operators will have difficulty finding tenants as replacements. But retail vacancies increased by 2.4

article thumbnail

Are Robots Last-Mile Delivery’s Future?

PYMNTS

According to the announcement, the company plans to experiment with the bot in markets such as Memphis, Tenn. — “pending final city approvals.”. As it stands, the carrier says it offers a SameDay City service in 32 markets and 1,900 cities with the help of uniformed employees and FedEx vehicles.

Memphis 175
article thumbnail

DHL: Strengthening Fulfillment’s Weakest Link

PYMNTS

And in an interview with Karen Webster, Adrian Kumar, global head of operations, science and analytics at DHL Supply Chain , said that better inventory management can be aided by ergonomic design and automated processes through the use of artificial intelligence (AI) and robotics. The Weakest Link(s). The McDonald’s Example.

Memphis 142
article thumbnail

Fixing Meal Delivery By Ditching The Subscriptions 

PYMNTS

Some of Blue Apron’s problems are unique — specifically operational and employee relations issues. So far the only city it has launched in is Memphis — though Nashville and eventually urban areas across the U.S. As of this year, the stock price has not been above $20 a share since February, and hasn’t cracked $10 a share since May.

Memphis 103