AutoStore Celebrates Inclusion In Fast Company's Most Innovative Companies Of 2024

AutoStore, a leading global warehouse technology company, has been recognized as one of Fast Company's Most Innovative Companies of 2024. This prestigious accolade is a testament to AutoStore's commitment to enhancing efficiency, sustainability, and automation within the logistics sector. Among its notable innovations are the FusionPort workstations, designed to improve comfort and safety for manual order pickers, and the R5 robot, which significantly reduces the necessity for on-site chargers by 90%. Additionally, AutoStore's introduction of the PickUpPort exemplifies a significant leap forward in automating last-mile delivery processes.

The company's financial achievements are equally impressive, with a reported total revenue of $645.7 million USD in 2023. Mats Hovland Vikse, CEO of AutoStore, has expressed the company's unwavering dedication to revolutionizing warehouse and fulfillment operations across the globe. Fast Company's annual list of Most Innovative Companies is renowned for spotlighting businesses that are at the forefront of industry and cultural innovation across 58 sectors and regions. This year, 606 organizations were honored for their contributions to driving global progress.

Brendan Vaughan, Editor-in-Chief of Fast Company, highlighted the exceptional level of innovation observed in 2023, especially in areas such as AI, live events, and climate technology. Vaughan's outlook for the future is optimistic, fueled by the innovative solutions recognized in this year's list. AutoStore's recognition follows its impressive deployment of over 64,500 robots worldwide, making it the most widely adopted automated fulfillment system globally. In the U.S. alone, AutoStore boasts 232 systems with more than 14 million bins and 17,000 robots.

Founded in 1996, AutoStore has been at the forefront of developing cutting-edge order-fulfillment solutions aimed at enhancing storage and retrieval efficiency. The company's offerings encompass both hardware and software capabilities and are supported by a network of qualified system integrators responsible for distribution, design, installation, and service. With its headquarters in Nedre Vats, Norway, AutoStore operates in 54 countries and maintains offices and assembly facilities worldwide.

Fast Company serves as a pivotal media brand at the intersection of business, innovation, and design. Published by Mansueto Ventures LLC in New York City, alongside its sister publication Inc., Fast Company engages with influential leaders, companies, and thinkers on discussions about the future of business.