EGAN: Technology and Innovation to Elevate the Forklift Industry Featured
Do you have solutions or ideas to transform and elevate the material handling & industrial lift equipment industry? This industry might seem unattractive for young entrepreneurs due to it's traditional way of operations with most things being conducted manually. However, in Asia alone, the industry is USD16.9 billion. In Malaysia, there's about 130,000 forklifts at an annual growth rate of 6%. Despite this, there has been a slow uptake of technology and innovation in the industry, some of the challenges faced by forklift operators include: a) Under-utilization of forklifts as many forklifts are left idle most of the time b) Difficulty in searching for skilled and well-equipped mechanics for the maintenance of forklifts We are looking for a strategic partner with innovative solutions enabled by technology and digital applications to significantly improve and transform the industry to increase productivity and profitability of forklift operators.