Falcon Edge Capital and Tiger Global Management Bet Big on AI-Backed Supply Chain Optimization Company Locus Locus Raises $22 Million in Series B Funding

NEW YORK–(BUSINESS WIRE)–Locus (https://www.locus.sh/), a global AI-backed supply chain optimization company, has secured $22 Million in (Series B) funding by Falcon Edge Capital and Tiger Global Management. Previous investors Exfinity Venture Partners and Blume Ventures also took part in this round. After demonstrating successful customer rollouts across sectors in India, the company began expanding to…

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McLaren Announces Long-Term Partnership with Arrow Electronics

McLaren Racing and Arrow Electronics today announced a long-term commercial partnership that brings the global technology and innovation business into the sport of Formula 1 for the first time. The wide-ranging partnership will also see the McLaren Group, which includes McLaren Automotive and McLaren Applied Technologies, benefit from Arrow Electronics technology and experience, and will…

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Component Shortages Continue to Abound

Record breaking component shortages continue on a variety of fronts, which have distributors and OEMs asking if they’ll ever end, according to a recent report from independent distributor Fusion Worldwide. At the same time, there’s some good pricing news for solid state devices (SSD) and DRAM. Connectors and relays continue to be in worsening short…

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ISM, purchasing, manufacturing, forecast

Purchasers Forecast Revenue & Production Capacity Growth in 2019

Purchasing managers and supply chain executives in manufacturing industries in the U.S. expect the economy to continue to grow throughout 2019, according to the latest economic report from the Institute for Supply Management (ISM). At the same time, many in the manufacturing sector said tariffs are negatively impacting business and the supply chain. Nearly 60…

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3 Tips for Sourcing Box Build Services

When sourcing box build services, manufacturers must evaluate the sophistication of the provider’s assembly tools and methods, the strength of its engineering team, and the breadth of its capabilities. Sophistication of tools & methods Sophistication of tools does not always mean shiny new million-dollar equipment. It can be as simple as using specialized hand tools…

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Cyber Insurance Comes to High-Tech Manufacturing

Coalition, a cyber insurance company for small and midsize businesses, announced a full-spectrum coverage to protect manufacturers from property damage, bodily harm, and pollution caused by security disaster, cyber incident, technology failure, or data breach. “There is currently a significant gap in cyber insurance coverage for manufacturing firms who experience property damage, bodily harm, and…

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