According to Cornell University’s SC Johnson College of Business, about 40% of U.S. family-owned businesses transition to a second generation. The odds for a third generation are even slimmer, at approximately 13%. A fourth is nearly improbable, at just 3%.…
New research from Accenture (NYSE: ACN) finds that companies with the most mature supply chains are 23% more profitable than their peers. These leaders are six times as likely to use AI and generative AI widely across their supply chains,…
Mikael Skov, Chief Executive Officer of Hafnia Limited (“Hafnia”, the “Company”, OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”), has on 3 July 2024 sold 1,000,000 shares in Hafnia at a price of NOK 87.7775 per share on Oslo Børs.…
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased over 100,000 sqm of logistics space across its business parks in Hungary to a leading Chinese logistics specialist for the…
CCL Logistics & Technology (CCL) has won the Technology Company of the Year category at the Multimodal Awards at the NEC in Birmingham. Multimodal is the UK’s leading supply chain conference and logistics expo, and the annual awards recognize outstanding industry-leading supply chain…
Cenntro Inc. (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announced its newest Logistar series model, the Logistar® 210 (“LS210”) is to be sold in European and other global markets. The…
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that it has agreed to acquire a 25% stake in Tanzania-based Alistair Group (President: Alistair James), a cross-border logistics company serving Sub-Saharan Africa. Alistair Group has offices in…
RXO (NYSE: RXO) has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from UPS. This acquisition will enhance RXO’s market position, diversify and expand its customer base, and broaden its carrier…
Vecna Robotics, the leader in flexible material handling automation solutions, today announced the close of its Series C round at $100 million, with $40 million in new funding including equity and debt, that nearly doubles the company valuation from the previous…
Aras, a leader in product lifecycle management (PLM) and digital thread solutions, announced today the availability of its new Supplier Management Solutions for Aras Innovator®. This suite of applications streamlines collaboration, assessment, and connectivity with suppliers and OEMs by providing secure, remote…
Manhattan Associates Inc. (NASDAQ: MANH), a leading provider of supply chain commerce solutions, today announced that the company has been named a Leader in the Gartner® Magic Quadrant™ for Warehouse Management Systems for the 16th consecutive year. Manhattan has been a…
Bay Area Research Logistics (BARL), a leading clinical trial services company announced its physical expansion into the US market with the opening of a new depot in New York State. BARL has been providing clinical supply services since 2007 for…