Ingka Group has acquired U.S.-based AI logistics company Locus as part of its digital transformation strategy, aiming to enhance delivery services by utilizing Locus’ advanced technology for route optimization and real-time tracking. This move allows Ingka to have more control over its fulfillment chain, improving customer experiences. Locus will remain independent and expand its offerings to other clients. This acquisition reflects a growing trend in retail where companies like Walmart and Amazon are increasingly leveraging AI to optimize operations and enhance customer engagement.

Source: https://www.supplychaindive.com/news/ikea-ingka-group-acquires-locus-ai-logistics-platform/802372/