Australia’s largest online bookstore, will be the first in the nation to roll out new autonomous robot technology
ASX-listed e-commerce retailer Booktopia has partnered with BPS Global Australia to roll out advanced automation at its distribution centre in Lidcombe, NSW.
As part of a $20 million investment in automation for Booktopia, the robots, combined with a range of other automations, will double its product range at its 14,000 sqm distribution centre in NSW.
In the financial year to June 30, 2020, Booktopia broke all previous sales records and reported a revenue of $165.4m, after the retailer saw a massive increase in sales as a result of the COVID-19 online shopping boom.
Booktopia has revealed it is expecting to turnover $217m in the current (FY21) financial year.
Why improve logistics infrastructure?
Booktopia has more than five million customers and wants to invest in its logistics infrastructure to better serve consumers.
Through working with its integration partner BPS Global, Booktopia has deployed HAI ROBOTIC’s HAIPICK solution.
Manufactured by Chinese-based Hai Robotics, the HAIPICK is the world’s first carton picking and double deep autonomous case and tote-handling system.
Booktopia will be the first business in Australia to deploy this solution.
Robots can carry cartons as well as individual totes and to bring multiple totes or cartons to pickers in one movement.
This enables Booktopia to facilitate the completion of multiple customer orders at one pick station –greatly improving fulfilment and despatch rates for the leading retailer.
This solution has enabled Booktopia to pick, pack and despatch 60,000 units a day, up from its previous capacity of 30,000 order a day.
According to Wayne Baskin, Chief Technology Officer at Booktopia this solution enhances Booktopia’s entire operation.
Automation the key to keeping up with demand?
“Our key driving factor for implementing this technology was efficiency gains for picking and put away,
“But we’re now finding improvements across our entire operation and we can pick,pack and despatch our orders significantly faster,”
Wayne Baskin, Chief Technology Officerat Booktopia said.
“By deploying this innovative robot solution, we have doubled our capacity and significantly improved our picking and put away rates. This gives us the confidence we need to continue to serve our customers,” Tony Nash, CEO at Booktopia said.
Bruce Drayton, Automation and Robotics Director at BPS Global said the HAIPICK solution provides Booktopia with an impressive 800 per cent efficiency increase.
“COVID-19 placed immense pressure on e-commerce retailers and we saw volumes reach record heights across the entire retail landscape. We’re thrilled to work with Booktopia on the first ever deployment of this innovative automation solution in Australia. This investment ensures they are well-placed to meet rising demands and continue to service the nation with its favourite books,” Malcolm Druce, Managing Partner at BPS Global said.
As 2026 begins, markets face economic shifts; gold and silver soar, while energy and currencies impact global investors.
As 2026 begins, global markets face a mix of economic shifts and geopolitical tensions shaping currencies, commodities, and interest rates. The Federal Reserve’s next moves are under the microscope, and Zoran Kresovic from Blueberry Markets says understanding these changes is key for investors navigating the year ahead.
Gold and silver are hitting all-time highs, driven by market volatility and economic uncertainty. Kresovic notes that both metals are likely to continue climbing, remaining essential safe-haven assets amid inflation concerns.
Energy markets are also volatile, with crude oil prices rising amid geopolitical tensions. Meanwhile, the Australian dollar is showing strength against the U.S. dollar. Kresovic highlights that these trends in energy and currency markets can ripple across the global economy, making them critical for investors to watch.
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S&P 500 hits all-time high amid Fed scrutiny; Trump’s credit card cap proposal raises investor concerns over bank profits.
The S&P 500 reached a new all-time high, with the Nasdaq climbing 0.5% while the Dow Jones held steady. This comes amid news of a criminal investigation into Federal Reserve Chair Jerome Powell. Despite the scrutiny, analysts believe short-term interest rates and inflation are unlikely to be impacted.
Meanwhile, Trump’s proposal to cap credit card rates at 10% for a year sparked concern among investors about potential effects on lending and bank profitability. Major bank stocks reacted sharply, with Citigroup down 3% and Capital One falling 6%.
In commodities, gold futures rose 2%, reflecting fears that political pressure on the Fed could challenge its ability to manage inflation effectively.
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Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.
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In addition to banking, Delta Air Lines and Taiwan Semiconductor will report, shedding light on consumer spending and tech industry trends. These corporate updates will help investors gauge the broader market performance heading into 2026.
All eyes are also on December’s inflation figures, alongside retail sales and new home sales data. These reports will be key indicators for the U.S. economy, impacting stocks, interest rates, and market sentiment.
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