If you operate forklifts today, odds are your fleet relies on electric power. An estimated 65 percent of forklifts in the North American market run on electricity. In Europe, that figure is 80 percent. The market for electric lift trucks is expected to expand by a compound annual growth rate of 7.1 percent through 2030, reaching a value of more… Continue Reading
In the wake of the COVID-19 pandemic, the world entered a new era of supply chain disruptions, some of which introduced new challenges for electrical wholesalers. The U.S. Chamber of Commerce’s Commercial Construction Index for the third quarter of 2021 found 93 percent of contractors faced material shortages for at least one product. While those shortages were mostly for steel,… Continue Reading
As we enter a new year following repeated shocks to global supply chains, analysts are listing the supply chain trends they expect to dominate the near future of industry. Many of these trends are focused on the promise of artificial intelligence and other digital technologies — blockchain, robotic process automation, growing data visibility. Other experts (including a few at the… Continue Reading
