The B2B Marketplace for Material Handling Industry
Material handling products consider the protection, storage, and control of materials throughout their manufacturing, warehousing, distribution, consumption, and disposal. Material handling plays an important role in manufacturing and logistics, which together represent over twenty percent of the U.S. economy. Today, the material handling industry is undergoing a massive transformation to automation using artificial intelligence (AI).
According to a new research report by Global Market Insights, Inc., the Material Handling market forecast is massive — worth more than $190 billion by 2024.
We look for two primary things when evaluating whether an industry is ripe for a B2B marketplace.
Is the industry highly fragmented?
Is the industry undergoing major change, not including digital commerce related technology?
More to come soon on what a B2B marketplace for the material handling industry would look like.
The above blog post is a repost from Material Handling Artificial Intelligence (AI) B2B Marketplace originally published on https://b2bmarketplace.vc