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Inventory management software market 2026 - A USD 5 billion revenue opportunity

Manufacturing & Logistics IT

According to a recent study from market research firm Global Market Insights, the inventory management software market is set to grow from its current market value of more than $5 billion to over $5 billion by 2026, gaining remarkable traction over the 2020 to 2026 period.

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BAE Systems signs agreement to use Airlander blimp for defence operations

E&T

HAV said Airlander could be used for “long-endurance airborne communications and surveillance” with the ability to carry up to 10 tonnes of logistics payload. The Airlander is currently set for commercial production by 2026 and has been positioned as a low-carbon form of air transport.

Logistics 119
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Ford announces 3,800 job cuts including major UK losses

E&T

Globally, Ford is planning to invest over $50bn in EVs through to 2026, which includes various European manufacturing announcements made in 2022. The company is also targeting carbon neutrality across its European facilities, logistics and key suppliers by 2035.

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Sevensense acquisition to add VSLAM smarts to mobile robots, says ABB

Robotics Business Review

“The decision to transition from partnership to ownership of Sevensense fulfills part of ABB Robotics’ investment strategy, which focuses on innovative AI solutions with the power to transform industries such as logistics and manufacturing,” said Segura. ” ABB did not disclose how much it paid for Sevensense. billion to $9.5

Robotics 119
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Combining Regional Production and Supply with Digital Maturity Boosts Resiliency, Accenture Report Shows

Dinesh Mishra

By 2026, 63% of companies in India intend to buy most key items from regional suppliers, up from 34% today. Even more organizations (77%) in India plan to produce and sell most of their products in the same region by 2026, up from 29% today. billion in 2026, according to the report.

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New 39,500 Tote, £8m System, Installed in Milton Keynes by Element Logic

MEM

Following the buyout, the omnichannel moved all its logistics to its distribution centre (DC) in Milton Keynes. With an annual turnover of £300m, Wonder has set its sights on becoming a £500m turnover business by 2026. It was a complex project and forms an essential element of our ongoing business transformation. “It

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New 39,500 tote, £8m system, installed in Milton Keynes by Element Logic 

MEM

Following the buyout, the omnichannel moved all its logistics to its distribution centre (DC) in Milton Keynes. With an annual turnover of £300m, Wonder has set its sights on becoming a £500m turnover business by 2026. It was a complex project and forms an essential element of our ongoing business transformation. “It