LG Electronics to Enter Next-Gen Logistics Market, Set to Sign MoU Agreement With CJ Logistics

LG Electronics and CJ Logistics will enter the next-generation logistics robot market.

LG Electronics said it will sign an MOU agreement with CJ Logistics to jointly develop logistics robots at CJ's TES Innovation Center in Dongtan, Gyeonggi-do on the 15th with Kim Kyung-hoon, head of TES Logistics Technology Institute, and Jang Ik-hwan, head of LG Electronics' BS division, attending.

Under the agreement, the two companies will set optimised robot operation processes for each logistics hub, jointly develop order picking systems based on self-driving robots to find and classify products, and apply robot solutions to CJ Logistics warehouses.

Next month, LG Electronics will supply logistics robot solutions such as LG CLOi CarryBot, warehouse facility control solutions, and multiple robot control systems to CJ's largest logistics centre Megahub Gonjiam.

It plans to expand the application in CJ's other logistics centres.

The CLOi CarryBot is a logistics robot to loads a large number of products and transports them to their destination. It is a robot that evolved from an automated guided vehicle (AGV) to an autonomous mobile robot (AMR).

LG Electronics completed the verification of the CLOi CarryBot last month and conducted a test operation for proof of concept (POC) at the large logistics hub.

The global logistics and delivery robot market is currently growing fast. Japan's Fuji Research Institute predicted that the related market size will reach KRW 11.5 trillion (roughly Rs. 693 crore) by 2025.

In addition to supplying logistics robots, LG Electronics will also focus on establishing logistics solutions for all logistics processes from order to last-mile delivery.