In a move geared towards augmenting its end-to-end supply chain service offerings, Copenhagen, Denmark-based A.P. Moller Maersk, an integrated container logistics services provider, said yesterday it inked an agreement to acquire El Segundo, Calif.-based Performance Team, a provider of warehousing and distribution services. The purchase price for the acquisition is $545 million, and it is
As the supply chain and materials handling industry’s global footprint continues to expand, so too does the international interest and attendance at Modex. This year, the event expects more than 3,000 attendees from 140 countries. The largest groups of registered attendees represent Canada, China, Brazil, Italy, Japan, Germany, the United Kingdom, France, Turkey and the
5G will dramatically gain importance in providing wireless connectivity to industrial environments, especially in the context of Industry 4.0 and the automation of production processes and monitoring of machine conditions, according to ABI Research, a global tech market advisory firm. The report predicts that by 2026 there will be 5.3 million 5G connections on the
Significant demand generated from manufacturers and retailers in food & beverages, pharmaceutical, and chemical industries continue to drive sales of pallets in global market. Poised for a whopping market value of US$ 95 Bn towards the end of 2029, the global pallets market is headed for a healthy CAGR during the following decade. Adoption of
The robotics market is set to transform over the next 10 years, based on the most comprehensive robotics tracker yet released by global tech market advisory firm, ABI Research. There will be enormous growth across all subsectors, highlighted in a total market valuation of US$277 billion by 2030. That growth will not be distributed evenly,
