Honeywell Productivity
Kym Wash
Commercial building owners and operators use our hardware, software and analytics to help create safer, more efficient and productive facilities. Our solutions and services improve the occupant experience and are used in more than 10 million buildings worldwide.
Our technologies and services enable and streamline Distribution Center operations ranging from receiving and storage to picking, packing and shipping. The broad range of worker productivity tools help solve challenges from the warehouse through last-mile delivery.
With our automation solutions focused on increased transparency and greater process controls, our customers in aerospace, oil and gas, healthcare and other industries feel more empowered to get to market faster, improve cost savings and enjoy more reliable quality control. Discover the actionable digital insights that are helping manufacturers uncover and adjust to hidden costs and inefficiencies in their processes.
By combining headset-enabled speech direction with software that offers insights and analytics built on Honeywell Forge architecture, the updated solution walks retail associates through workflows in real-time. Associates simply talk into a hands-free headset and then receive specific directions and confirmation they are selecting the right items. With the integration of AI, the solution can understand employees' speech in more than 48 different languages, despite variations in tone, dialect and pronunciation.
"The retail landscape has undergone a significant transformation, particularly with trends like buy online, pick up in-store and the advent of highly personalized shopping experiences," said David Barker, president of Honeywell Productivity Solutions and Services. "As retailers seek ways to improve their operational performance and enhance the customer experience, Guided Work Solutions is the ideal tool to accomplish these goals. It harnesses the strengths of AI technology to empower retail associates to serve in-store customers in a more efficient manner."
Honeywell Guided Work Solutions helps retailers build a competitive advantage and optimize daily operations by increasing productivity, decreasing training time and cutting out-of-stock items on shelves, thereby facilitating potential for greater in-store sales. Since launching Honeywell Guided Work Solutions in 2018, it has enabled retailers to improve productivity by more than 30% over radiofrequency (RF) scanning and to reach upwards of 99% accuracy in product picking.* As a result, store managers can make improved use of limited labor resources by leveraging time savings to reallocate their workforce to other value-added activities or to increase the number of orders fulfilled within the same timeframe.
Honeywell International Inc Safety & Productivity Solutions Revenue represents the revenue generated from their diverse range of safety products, productivity-enhancing solutions, sensors, software, and connected technologies that aim to make workplaces safer, more efficient, and technologically advanced.
Together, the companies bring deep domain expertise in subsurface and surface operations with the latest digital innovations to help operators address operational efficiency, asset productivity and risk across their business. Benefits include:
Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
CHARLOTTE, N.C., Jan. 5, 2022 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that George Koutsaftes, an executive with over 13 years of leadership experience within its Performance Materials and Technologies (PMT) segment, has been named as Chief Operating Officer within its Safety and Productivity Solutions (SPS) segment. Koutsaftes, 52, will become President and Chief Executive Officer of SPS and a Honeywell Executive Officer on April 1. He will succeed John Waldron, who will be appointed to another senior leadership role within Honeywell at that time. Waldron and Koutsaftes will work together closely on the transition over the next three months.
"Since its inception 5 years ago, Honeywell Safety and Productivity Solutions (SPS) has demonstrated its ability to achieve robust global growth and expansion into new spaces such as warehouse automation and connected worker technologies," said Honeywell Chairman and Chief Executive Officer Darius Adamczyk. "John has done a tremendous job in turning SPS into a leading growth engine for our company. Since 2017, SPS has achieved a sales compound annual growth rate of 9%, increasing from about $5.6 billion to about $8 billion. In order for us to continue to develop John as a senior leader, he will be given a key role within the company where customers and other stakeholders will benefit from his leadership. George has a very strong track record of driving growth, margin expansion, and free cash flow, and he will play an essential role in continuing our momentum within SPS."
For the past four years, Koutsaftes has led Advanced Materials, a $3 billion business unit within Honeywell PMT that provides solutions to the automotive, construction, life science, and semiconductor industries. During his tenure, Advanced Materials substantially expanded its operating margin and free cash flow, and increased revenue from new products by over 50%. Koutsaftes also served for the second half of 2019 as interim Business Development / M&A leader for Honeywell.
Prior to joining Honeywell in 2008, Koutsaftes was a senior-level M&A advisor who was a key player in transactions with over $7 billion in aggregate value. He worked for Young and Partners LLC, Eureka Capital Markets LLC, and Arthur Andersen Corporate Finance LLP. He joined PMT in 2008 as Director, Mergers and Acquisitions, and was instrumental in the acquisition of Thomas Russell Co., a leading provider of natural gas processing and treating technology and equipment solutions. He also led Procurement and Trade Compliance for PMT before leading the Fluorine Products global business enterprise, followed by Advanced Materials. He earned a B.S. in accounting from Marist College and an M.B.A. in finance from Fordham University.
Honeywell SPS provides products, software, and connected solutions that improve productivity, workplace safety, and asset performance for customers around the world. In response to the COVID-19 pandemic, Honeywell SPS rapidly established eight new greenfield production sites worldwide for personal protective equipment, enabling the addition of more than 1 billion units of mask capacity in 2020 to help front-line medical workers battle the virus. At the same time, Honeywell SPS rapidly increased production of sensors and switches used in critical medical equipment, including ventilators and oxygenators.
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.
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