(Bloomberg) — Tens of thousands of solar panels are sitting unused in warehouses across Europe just as the continent struggles with an unprecedented energy crisis. Most Read from Bloomberg The s...
Tag: Warehouses
Zara Billionaire Ortega Bets $700 Million on US Warehouses
(Bloomberg) — Zara founder Amancio Ortega has spent over $700 million in recent weeks on a series of logistics acquisitions in what’s shaping up to be one of the biggest bets yet by the Spanish ...
Amazon Closes, Abandons Plans for Dozens of US Warehouses
(Bloomberg) — Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US,...
Shipping firm Maersk warns of weak demand and warehouses filling up
A.P. Moller-Maersk, is one of the world’s biggest container shippers with a market share of around 17%, and is widely seen as a barometer of global trade. Andia | UIG via Getty Images AP Moller-...
Robert Kuok’s Kerry Properties Sells Hong Kong Warehouses To China Resources For $588 Million
Robert Kuok Nora Tam/SCMP Kerry Properties—controlled by Malaysia’s richest person Robert Kuok—has agreed to sell two of its warehouses in Hong Kong to China Resources Logistics, a unit of state-owned...
Billionaire Charoen Sirivadhanabhakdi’s Frasers Property To Invest $298 Million In Warehouses
Charoen Sirivadhanabhakdi poses for photos with his daughter Wallapa Sirivadhanabhakdi during the … [+] relaunch ceremony of Pantip Plaza IT Shopping Mall in Bangkok. Piti A Sahakorn/LightRocket...
As Competition To Automate Warehouses Heats Up, RightHand Robotics Raises $66 Million
RightHand Robotics cofounder and CEO Yaro Tenzer: “When we started people were like, ‘Yeah, that’s in the future.'” Courtesy of RightHand Robotics Warehouse automation has beco...
Under 30 Alum Sean Petterson’s StrongArm Tech Raises $50 Million For Industrial Wearables To Reduce Workers’ Injuries
StrongArm Technologies’ founder Sean Petterson: “What we are talking about here is a fundamental cultural change in how we monitor and value industrial labor.” Gabriela Bhaskar/Bloom...