Inc. magazine ranked Locus Robotics at No. 428 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.
The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“Locus Robotics is thrilled to be recognized by Inc. as one of the fastest-growing companies in the US, says Rick Faulk, Locus Robotics CEO. “As the world of e-commerce continues to grow, this recognition shows the impact robotics is having on the fulfillment industry and the increased demand for warehouse digitalization worldwide. Being ranked in the top 500 is a major honor, underscoring our commitment to our customers and partners success deploying efficient and easy to use warehouse automation.”
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Locus Robotics’s industry-leading robotics fulfillment solution enables brands, retailers, and third-party logistics (3PL) operators to easily meet higher order volumes and increasing consumer demand for e-commerce, retail, omnichannel, and manufacturing order fulfillment. Their innovative multi-bot solution incorporates powerful and intelligent autonomous mobile robots that operate collaboratively with human workers to dramatically improve piece-handling productivity 2X-3X, with less labor than traditional picking systems.
Global customers, including CEVA, DHL, Boots UK, GEODIS, Whiplash, Saddle Creek, Quiet 3PF, Radial, and others, are doubling or tripling their fulfillment productivity while lowering labor recruitment, training, and retention costs.