Business
Cosmos Holdings Announces Installation of State-of-the-Art Automated Fulfillment System to Maximize the Productivity of CosmoFarm’s Pharmaceutical Logistic Center in Athens, Greece
CHICAGO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Cosmos Holdings, Inc. (“the Company") (OTCQX: COSM), an international pharmaceutical company with a proprietary
About this update from Cosmos Health Inc.
[{"type":"text","content":"CHICAGO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Cosmos Holdings, Inc. (“the Company\") (OTCQX: COSM), an international pharmaceutical company with a proprietary line of nutraceuticals and distributor of branded and generic pharmaceuticals, nutraceuticals, OTC medications and medical devices, today announced that it has integrated SSI SCHAEFER’s A-Frame Automated Robotic Picking System (“A-Frame”) into their pharmaceutical logistic center, CosmoFarm, a wholly owned subsidiary of Cosmos. The fully automated fulfillment system is designed to process complex orders with precision and speed, leading to increased performance while drastically lowering error rates. The system can process up to 40,000 products per hour and can accommodate a variety of packaging shapes and sizes. CosmoFarm’s automated logistic center can be viewed here. Greg Siokas, Chief Executive Officer of Cosmos Holdings, stated, “With a fully robotic system in place, CosmoFarm’s logistic center can now process orders at higher speeds and higher quality, even at peak times. This is critical to maintain the quality of our service while scaling our product offerings and client base. This installation reflects our commitment to invest in advanced technologies that substantially expand our current productivity and throughput, supporting our growth and improving the overall efficacy of our deliverables.” CosmoFarm, headquartered in Athens, Greece is a fully licensed pharmaceutical wholesale company operating in the greater Athens area. CosmoFarm’s core activity is sourcing, procuring, and distributing branded and generic medicines, over-the-counter (OTC) pharmaceuticals, food supplements, and medical devices to its growing network of more than 1,130 pharmacies. About SSI SCHAEFER SSI SCHAEFER is an innovative logistics partner with considerable long-term focus. More than 80 years ago, the foundation was laid for the SSI SCHAEFER Group, which today operates internationally. Across six continents, more than 10,500 employees develop innovative concepts and solutions within a wide range of industries, thus shaping the future of intralogistics. SSI SCHAEFER takes advantage of opportunities offered by digital networking and transfers them to the world of complex material flows, increasing the efficiency of the global supply chain. More information is available at www.ssi-schaefer.co...