logo
Intralogistics Challenges in the Warehouse Hinder Business Development: Why Multiway's AGV Forklifts Are Favored by Fortune 500 Companies?

Intralogistics Challenges in the Warehouse Hinder Business Development: Why Multiway's AGV Forklifts Are Favored by Fortune 500 Companies?

Globe and Mail27-05-2025

Currently, global manufacturing and logistics industries are undergoing profound transformations. Issues such as "difficulty in hiring, high labor costs, complex management, and information silos" have become common pain points limiting business development. Against this backdrop, intelligent intralogistics solution providers, represented by Multiway Robotics, are leveraging their leading autonomous forklift technology and full-scenario solutions to help global companies overcome intralogistics bottlenecks, accelerate automation and digitalization upgrades, and reshape industry competitiveness. As of now, Multiway Robotics has served over 700 large enterprise clients, covering more than 20 industries such as food, pharmaceuticals, new energy, automotive, machinery manufacturing, and cold chain intralogistics. Among them are many Fortune 500 companies, industry leaders, and hidden champions.
Multiway's autonomous forklifts use high-precision navigation, intelligent sensing and obstacle avoidance, and seamless integration with systems like WMS to autonomously perform tasks such as precise material handling, stacking, and retrieval 24/7. This significantly reduces dependence on human labor, alleviates hiring pressures, and lowers operational costs through continuous, stable, and efficient operations. Compared to traditional manual models, autonomous forklifts significantly reduce human errors and product damage caused by fatigue or misoperation. Additionally, standardized operating processes improve warehouse management's compliance and safety, especially in specialized environments like cold storage at -25°C and hazardous or explosion-proof areas.
To address management complexity, Multiway's self-developed intelligent scheduling system plays the role of a "smart brain." This system enables efficient unified path planning, task allocation, and traffic control for multiple autonomous forklifts, while monitoring vehicle status and work progress in real-time. It dynamically optimizes operational workflows based on actual needs, minimizing congestion and waiting times, and improving overall operational efficiency. More importantly, by exchanging data with the company's existing management systems, Multiway's solution bridges information flow gaps across intralogistics links, enabling real-time data collection, sharing, and analysis. This not only eliminates information silos but also provides managers with transparent operational views and data-driven decision-making, facilitating a profound shift from traditional experience-based management to digital and intelligent management.
Multiway's product line covers a full range of autonomous forklifts, including pallet trucks, pallet stackers, counterbalance forklifts, reach trucks, three-way forklifts, omni-directional side-loaders, and even cold storage-specific models. These forklifts can adapt to a variety of complex scenarios, from flat material handling to high-level storage and retrieval, from production line integration to unmanned loading and unloading. This comprehensive coverage and deeply customized solutions allow businesses to quickly deploy and achieve intelligent intralogistics upgrades without major site modifications. Furthermore, Multiway insists on self-research and development of core technologies, from underlying sensors to core algorithms and upper-level systems, ensuring stable and reliable product performance and continuous iteration, providing a solid foundation for the long-term development of businesses.
Since its inception, Multiway Robotics has focused on the deep integration and innovative application of robotics and AI technology, aiming to provide efficient, flexible, and intelligent on-site intralogistics solutions to global customers. With localized teams and showrooms in Atlanta, USA, Tokyo, Japan, Seoul, Korea, and North Rhine-Westphalia, Germany, the company adheres to the "Local team, Local service" philosophy, enabling China's leading autonomous forklifts and intelligent intralogistics solutions to establish a foothold in broader international markets. Industry experts point out that introducing intelligent intralogistics devices, such as autonomous forklifts, is no longer an "optional" strategy for businesses to reduce costs and increase efficiency, but rather a "must-have" to enhance core competitiveness and meet future challenges.
Media Contact
Company Name: Multiway Robotics
Contact Person: Nicole Xu
Email: Send Email
Country: China
Website: https://www.mw-r.com/

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Prediction: This Artificial Intelligence (AI) Stock Will Be Worth $3 Trillion in 5 Years
Prediction: This Artificial Intelligence (AI) Stock Will Be Worth $3 Trillion in 5 Years

Globe and Mail

time2 hours ago

  • Globe and Mail

Prediction: This Artificial Intelligence (AI) Stock Will Be Worth $3 Trillion in 5 Years

Taiwan Semiconductor Manufacturing (NYSE: TSM) is one of the most important players in the global semiconductor industry, as it fabricates chips for many of the top fabless chipmakers and consumer electronics giants. The Taiwan-based powerhouse holds a dominant 67% share of the global third-party foundry market; second-place Samsung (which also produces its own chips in-house) has just 11% of the third-party foundry space. Moreover, TSMC's foundry market share has risen steadily from 58% a couple of years ago to where it is now. Looking ahead, the growing demand for artificial intelligence (AI) chips could provide tremendous upside for TSMC, sending its market cap well above its current level of just over $1 trillion. Indeed, I believe TSMC could triple its market cap in the next five years. AI chips could ensure years of solid growth for TSMC TSMC's advanced processing nodes are being used by numerous companies, including Nvidia, Broadcom, Marvell, AMD, and Apple, to fabricate AI-capable chips that go into data centers, personal computers, and smartphones. This puts TSMC firmly at the center of the trend of growing adoption of AI across multiple end markets. According to one estimate, the global AI chip market could clock annualized growth of 35% through 2033 as the technology filters through to more applications. TSMC itself is forecasting that its revenue from selling AI accelerators designed by the likes of Nvidia, AMD, Broadcom, and Marvell could register a compound annual growth rate in the mid-40% range over the next five years. Throw in the proliferation of AI in other technologies such as smartphones, PCs, vehicles, and the Internet of Things (IoT), and it becomes obvious that this chipmaker is on track for terrific and sustained growth. For instance, according to a forecast by research firm shipments of generative AI smartphones and PCs are expected to grow at a compound annual rate of 35% through 2029, and the deployment of AI in the automotive industry is expected to grow at a similar rate. Not surprisingly, TSMC is investing aggressively to upgrade its chip manufacturing and packaging capacity to make the most of the rising AI-driven demand in the semiconductor market. It is on track to invest a total of $165 billion in the U.S. alone to build advanced chip fabrication facilities, packaging plants, and a research and development center. In all, TSMC is going to build 24 new factories across the world. These capacity investments should also allow it to maintain its dominant stature in the foundry market. Why the stock has the potential to triple TSMC management pointed out last year that its total addressable market (TAM) under the Foundry 2.0 definition stood at $247.5 billion. It points out that Foundry 2.0 also includes packaging, testing and assembly, and other ancillary markets apart from chip manufacturing. Market research firm IDC estimates that the Foundry 2.0 market will clock 11% growth in 2025 -- nearly double its growth rate last year -- and reach $298 billion in revenue this year. TSMC's share of this market is expected to grow to 37% in 2025 -- a big jump over the 28% share it was sitting on a year ago. Looking ahead, IDC expects the Foundry 2.0 market to clock a 10% compound annual growth rate through 2029. That would bring the Foundry 2.0 market's annual revenue to $436 billion at the end of that period. TSMC could go on to capture a bigger share of this market in the next five years because of its aggressive capacity expansion, as well as the technological advantages it enjoys over rival foundries, which allow it to produce faster and more power-efficient chips for its customers. If we assume that TSMC could increase its Foundry 2.0 share to 60% after five years (which doesn't seem difficult considering the pace at which its market share is increasing), its annual revenue could hit $262 billion. That would be almost three times its 2024 revenue. The stock is trading at almost 11 times sales right now. If it's trading at a slightly higher sales multiple in five years, it would crack the $3 trillion market cap. And the market could easily decide to reward TSMC with a premium valuation considering that its sales look likely to increase at a faster pace over the next five years than they did over the previous five. Should you invest $1,000 in Taiwan Semiconductor Manufacturing right now? Before you buy stock in Taiwan Semiconductor Manufacturing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Taiwan Semiconductor Manufacturing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor 's total average return is997% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025

$3.9 Million Revenue for First Quarter 2025 After $39 Million in Contracts Awarded to Enhance Cybersecurity for State-Level Public Higher Education and Major Municipal Transportation Agency: Cycu
$3.9 Million Revenue for First Quarter 2025 After $39 Million in Contracts Awarded to Enhance Cybersecurity for State-Level Public Higher Education and Major Municipal Transportation Agency: Cycu

Globe and Mail

time5 hours ago

  • Globe and Mail

$3.9 Million Revenue for First Quarter 2025 After $39 Million in Contracts Awarded to Enhance Cybersecurity for State-Level Public Higher Education and Major Municipal Transportation Agency: Cycu

$CYCU Reports 2025 Q1 Gross Profit of $677,673, Up 95.4% Year-Over-Year, with 17.5% Gross Margin Increase Cybersecurity Leader Addressing the Growing Threat of Cyber Attacks and Data Breaches with a Multi-layered SaaS Solution. Serving Some of the Most Complex Government Agencies and Corporations in the World Including Fortune 100 and 500 Companies. Clients and Partners Include: US Dept. of Defense, Defense Intelligence Agency, Dept. of Homeland Security, US Navy and Major Private Sector Companies. Delivering State-of the-Art, Al-Infused Proprietary Technology Being One of the First to Marry AI and Cybersecurity. $3.9 Million Revenue for the First Quarter 2025. Q1 Gross Profit of $677,673, Up 95.4% Year-Over-Year, with 17.5% Gross Margin Increase $33 Million Contract Renewal Awarded to Enhance Cybersecurity for State-Level Public Higher Education Institutions Over 5 Years. $6 Million Contract Award by Major Municipal Transportation Agency. Expansion into Latin America via Partnership with LSV-TECH International Extending Sales Presence Into 135 Countries via Nokia Agreement. With High Product Pargins, the ARx Security Platform is a Cybersecurity Breakthrough and the Foundational Future Contributor to CYCU growth. Technology Veterans, Many Holding High-Level Security Clearances and Have Served Critical Roles in Public and Private Sectors. Cycurion, Inc. (Nasdaq: CYCU) is a tech-enabled cybersecurity firm that serves some of the most complex government agencies and corporations in the world including Fortune 100 and 500 Companies. Founded by internet pioneer Emmit McHenry — who directly oversaw the first internet protocols and the creation of .com domains — CYCU brings an unparalleled blend of vision, technology, and experience to every project. More than just an MSSP or strategic advisor, CYCU is a full-service security partner capable of guiding any organization through the modern cyber threat landscape. Cybersecurity has become an increasingly critical issue as illustrated by many top level media sources devoting high profile features on the subject. Here are some recent examples of investment opportunities in this emerging global business sector: CYCU is committed to surpassing expectations and delivering incomparable value to its clients and partners. CYCU achieves this goal by providing Network Communications and Information Technology Security services and solutions that are custom-tailored to the client's environment, as well as level of need. CYCU is built on a foundation of experts in Network Communications and Information Technology who possess unrivaled security expertise and experience. The flagship Cycurion ARx platform is a unified cybersecurity solution for protecting critical digital assets. Multi-layer protection is focused on inspecting requests to and responses from a digital asset. This non-invasive approach wraps around a digital asset — without hardware requirements or cloud installations — while keeping the client's IP completely private. With every request inspected, malicious threats are logged and blocked in real-time before reaching the asset. This CYCU multi-layer model of cybersecurity is intended to thwart potential attackers via an expanding set of protective layers. Financial Results for the First Quarter 2025 On June 6th CYCU reported financial results for the first quarter ended March 31, 2025, and provided a corporate update. Financial Highlights: Revenues of $3.9 million. CYCU Gross Profit of $677,673, up 95.4% year-over-year, with a 17.5% gross margin increase in the first quarter of 2025 compared to $346,714 (8.2% gross margin) in the first quarter of 2024, reflecting a focus on capturing and retaining more profitable business. Adjusted EBITDA of $245,062 (6.3% margin) in the first quarter of 2025 compared to $(68,803) in the first quarter of 2024, reflecting strong cost management coupled with both scalable operating leverage and an optimized service mix that included a higher proportion of enterprise clients and stronger government relationships, leading to a significant improvement in adjusted EBITDA in the first quarter of 2025. Q1 2025 and Recent Strategic, Technological and Corporate Milestones CYCU Listed and Began Trading on Nasdaq: Completed a business combination with Western Acquisition Ventures Corp. in February 2025 and had its shares of common stock listed on the Nasdaq Global Select Market. Broader Rollout of AI-driven SaaS ARx Cybersecurity Platform: High margin, AI-driven cybersecurity solutions have been instrumental in driving margin expansion, enhancing operational scale and strengthening Cycurion's market position, offering advanced capabilities to a wider array of clients. Strategic Partnerships Delivering Results: Long-term partnerships forged in both the public and private sectors are beginning to yield tangible revenue-generating opportunities. These collaborations validate Cycurion's go-to-market strategy and enhance its credibility within the industry. Notably, partnerships have already resulted positively. Includes SOC as Service, External Attack Surface Management, Web Application Firewall and Virtual CISO Support & Consulting. CYCU Backlog Reaching Record Levels: Witnessing a robust increase in its backlog of contracted work, which has reached record levels the first quarter of 2025, reflecting strong client demand for Cycurion's scalable solutions, indicating a positive outlook for future revenue streams. New Contracts: Secured a $22 million multi-year contract with State Police Agency. $33 Million Contract Renewal to Enhance Cybersecurity for State-Level Public Higher Education Institutions On May 13th CYCU announced that it had been awarded a significant contract renewal by a major state-level public higher education group. Under this renewed agreement, CYCU will deliver comprehensive cybersecurity services to member universities and colleges within the group, ensuring they are equipped to defend their education-focused operations and digital assets against the ever-evolving landscape of cyber threats. The renewal, valued at $33 million over the five-year term, extends the CYCU partnership through November 2030. Comprehensive Cybersecurity Services As part of this renewed contract, CYCU will provide an extensive suite of cybersecurity and governance, risk, and compliance (GRC) 24x7x365 managed support services, which include: Enterprise Security Strategy: Developing a holistic approach to security that aligns with institutional goals and protects valuable digital assets Risk & Vulnerability Assessment & Testing: Continuous evaluation and testing of security measures to identify vulnerabilities and enhance defenses Disaster Recovery: Strategies and solutions to restore systems and data after disruptive events Business Continuity Planning: Ensuring ongoing operations during and after a security incident Forensics and Recovery Services: Comprehensive support for incident investigation and data recovery Regulatory Compliance Analysis: Assisting institutions in meeting federal and state compliance requirements In addition to the member institutions of this State-Level Public Higher Education Group, any university or governmental entity across the United States can leverage this contract vehicle to access CYCU cybersecurity services. The contract provides a streamlined pathway for educational and governmental organizations to enhance their cybersecurity posture without the need for an extensive procurement process. $6 Million Contract Award by Major Municipal Transportation Agency On April 29th CYCU announced it has been awarded a $6 million contract by a major municipal transportation agency. Under this contract, CYCU will deliver a wide range of professional consulting services, including Audit and Cybersecurity Services, Organizational Change Management Consulting, Data Analytics, and Information Technology Services. The Scope of Work also potentially includes the integration of CYCU proprietary ARx platform to further enhance operational and cybersecurity capabilities. CYCU brings extensive transportation sector expertise, combined with a strong track record in defining and measuring organizational performance to address deficiencies. Specific services provided will include Risk and Vulnerability Assessments, Regulatory Compliance Analysis, Enterprise Cybersecurity Strategy Development, Testing, and Vulnerability Management. Disclosure listed on the CorporateAds website Media Contact Company Name: Cycurion, Inc. Contact Person: Kevin Kelly, Chairman & CEO Email: Send Email Phone: 888-341-6680 Address: 1640 Boro Place 4th Floor City: McLean State: Virginia Country: United States Website:

Industrial Control & Factory Automation Market worth $399.12 Billion by 2029, at a CAGR of 9.3%
Industrial Control & Factory Automation Market worth $399.12 Billion by 2029, at a CAGR of 9.3%

Globe and Mail

time6 hours ago

  • Globe and Mail

Industrial Control & Factory Automation Market worth $399.12 Billion by 2029, at a CAGR of 9.3%

"Industrial Control & Factory Automation Market" The global Industrial Control & Factory Automation Market in terms of revenue is estimated to be worth $255.88 billion in 2024 and is poised to reach $399.12 billion by 2029, growing at a CAGR of 9.3% during the forecast period. The report " Industrial Control & Factory Automation Market by Technology (SCADA, DCS, HMI, MES, PAM, WMS, Industrial Robotics, 3D Printing, CNC Controller, Process Analyzer, Flow meter, Communication, Predictive Maintenance, Machine Safety) - Global Forecast to 2029" The global industrial control & factory automation market is anticipated to grow from USD 255.88 billion in 2024 to USD 399.12 billion by 2029, at a CAGR of 9.3% during the forecast period. Download PDF Brochure @ Browse 160 market data Tables and 60 Figures spread through 336 Pages and in-depth TOC on "Industrial Control & Factory Automation Market" View detailed Table of Content here - Several key factors are driving the Industrial Control and Factory Automation Industry, including increased IoT and Al integration in industrial environments, a growing emphasis on operational efficiency and productivity, and significant and ongoing government investments in 3D printing technologies, all of which are contributing to market growth. With the emergence of new technologies in firms, regulatory compliance regarding industrial solutions of immense significance is also involved. There is a growing need for innovative techniques to reduce production downtime and waste. For instance, the use of real-time data analytics in factories help companies optimize operations hence efficiency while reducing production waste. Distributed control system (DCS) segment is expected to account for the largest share of the Industrial control & factory automation market during the forecast period. The industrial control system further segmented into Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Industrial PC, Human Machine Interface. A distributed control system (DCS) is expected to account for the largest share, which is an industrial automation solution primarily deployed in process industries to facilitate plant control through a distributed network of supervisory and control elements. DCS systems are vital for optimizing operational processes by distributing control across various plant sections. The market for DCS is driven by the need for operational efficiency, integration of advanced technologies, regulatory compliance, and the expansion of industrial infrastructure. Aerospace industry segment to exhibit highest CAGR in the forecast year. As the need for both commercial and defense aircraft grows, manufacturers are turning to enhanced automation to reach production targets more effectively. Automated systems enhance safety and precision in vital activities such as navigation and propulsion, greatly decreasing human error. Furthermore, automation is critical for cost management, speeding production processes like as assembly and testing, and maximizing the usage of innovative materials such as composites. The use of Al-driven digital twins improves real-time monitoring by increasing reliability and minimizing downtime. Asia Pacific is expected to hold the largest market share of the industrial control & factory automation market during the forecast period. The growth of industrial control & factory automation market in Asia Pacific can be attributed to rapid industrialization, commercialization of IIoT applications and increasing adoption of industrial robot. Asia Pacific is a manufacturing hub; hence, motor vehicle suppliers, such as Toyota (Japan), Renault-Nissan (Netherlands), and Daimler (Germany), Volkswagen (Germany), and local manufacturers, such as Tata Motors (India) and Hyundai Motors (South Korea), invest heavily in the smart factory market in Asia Pacific. The majority of prominent manufacturers from various industries have relocated their manufacturing operations to Asia Pacific due to the region's low labor costs and availability of trained workers. Furthermore, governments across the area are encouraging Industry 4.0 and Industrial control & factory automation efforts through laws, incentives, and subsidies. Programs such as Made in China 2025 and make in India are encouraging industries to adopt advanced automation technologies like robotics, AI, and IoT to enhance competitiveness and productivity. The key players in the Industrial Control & Factory Automation Companies include ABB (Switzerland), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), and Siemens (Germany). About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store