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Ikea acquires US logistics tech platform to improve home delivery
Yahoo Finance· 2025-10-08 18:03
Swedish home furnishings retailer Ikea advanced efforts to take control over its delivery fulfillment network by acquiring U.S.-based logistics technology company Locus on Tuesday. Join the leaders shaping freight’s future atF3: Future of Freight Festival, Oct 21-22.Network with the industry’s best and discover what’s next. Register now! Ingka Group, the largest retailer for Ikea, acquired the AI-powered platform for an undisclosed sum. (Locus raised $50 million in funding in 2021, pushing its valuation ...
Brazil's Grupo Petrópolis Uses Descartes Routing Solution to Optimize Nationwide Beverage Distribution
Globenewswire· 2025-07-31 10:45
Core Insights - Descartes Systems Group's routing and fleet management solution has significantly improved Grupo Petrópolis' beverage distribution operations in Brazil, achieving a 98% on-time delivery rate, a 9% reduction in overtime hours, and a 5% decrease in fuel consumption [1][2][3] Group 1: Descartes Systems Group - Descartes is a global leader in providing software-as-a-service solutions aimed at enhancing the productivity, security, and sustainability of logistics-intensive businesses [5] - The company's routing and fleet management solution is designed to optimize route efficiency, minimize customer service disruptions, and reduce operational costs for retail food and beverage distributors [2][3] - Descartes' solutions allow for real-time tracking and monitoring of delivery routes, enabling quick responses to deviations and enhancing overall service reliability [2][3] Group 2: Grupo Petrópolis - Grupo Petrópolis is a major Brazilian beverage company, producing various brands including Itaipava and Crystal, and is fully Brazilian-owned [4] - The company is focused on sustainability, engaging in environmental projects that promote tree planting and education initiatives [4] - The implementation of Descartes' solution has provided Grupo Petrópolis with improved control and visibility over its distribution network, enhancing operational efficiency [2][3]