Locus Robotics has been named the 2021 Global AMR Company of the Year as part of Frost & Sullivan’s annual Best Practices Awards.
Each year, the Frost & Sullivan Best Practices Awards are presented to companies that have achieved significant growth in their industries, shaped trends before they became market standards, and created advanced technologies that will catalyze and transform industries in the near future.
The awards are based on Frost & Sullivan’s proprietary, measurement-based methodology combined with extensive research, in-depth interviews, analysis, and benchmarking, which was used to shortlist deserving companies in each category. With real-time performance indicators such as market share, revenue growth, customer acquisitions, product/service value, and technology innovation forming the backbone of the selection process, the winners represent the best of the best in their respective industries.
Frost & Sullivan Best Practices Awards honored 16 leading organizations at their virtual awards ceremony of 2021. Watch the full event ceremony.
“Given how challenging the past 2 years have been, what our awardees have achieved is nothing short of incredible, ” said Sapan Agarwal, Senior Vice President at Frost & Sullivan. He noted that the award recipients have refused to succumb to infinite challenges presented by the pandemic.
The award represents the second industry recognition award by Frost & Sullivan. In 2020, Locus was chosen as the winner of the 2020 North American Autonomous Mobile Robots for eCommerce Retail Fulfillment Technology Innovation Award.