Part of a larger digital transformation strategy, Ingka Group’s investment arm has acquired U.S.-based AI logistics technology company Locus for an undisclosed amount, per a company announcement ...

Sourcing Journal’s Chain Reaction is a global resource for news and information tailored for textile and soft goods executives working on the supply chain side of the business. It provides daily ...

Locus robots inside a Boots warehouse. Locus’ more than $117 million Series F was led by Goldman Sachs Asset Management and G2 Venture Partners, with the capital infusion expected to be pumped into ...

The logistics landscape is evolving at breakneck speed, driven by surging e‑commerce demand, labor shortages, and the relentless push for ...

LONDON/STOCKHOLM (Reuters) -IKEA has acquired U.S. logistics technology firm Locus, the two companies said on Tuesday, a deal the Swedish furniture retailer said would make its deliveries to shoppers ...