Ingka Group acquires AI logistics firm Locus to boost IKEA delivery operations
· Source: lesprom.com
In short
Ingka Group, the largest IKEA retailer, has acquired Locus, a U.S.-based logistics technology company, to expand control over last-mile delivery and improve supply chain efficiency. The acquisition supports IKEA's digital logistics transformation as online sales grew to 28% of total retail revenue in FY24, up from 11% in FY19. Locus offers an AI-powered logistics management platform with advanced route optimisation, real-time tracking, and intelligent resource allocation.
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Tags: logistics, acquisition, delivery, route-optimization, supply-chain, automation