11 hours ago
Artificial intelligence is increasingly taking over work traditionally handled by consultants, according to "Shark Tank" investor Kevin O'Leary, who says the shift is already changing how companies operate and whom they hire.
Last week, speaking on an episode of The Founder's Mindset Podcast, O'Leary said companies he backs are increasingly turning to AI instead of hiring consultants for specialized business advice.
According to O'Leary, businesses that once paid consulting firms to ****** yze issues such as retail distribution strategies or organizational structures are now asking AI systems to perform similar evaluations at a fraction of the cost.
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Last week, speaking on an episode of The Founder's Mindset Podcast, O'Leary said companies he backs are increasingly turning to AI instead of hiring consultants for specialized business advice.
According to O'Leary, businesses that once paid consulting firms to ****** yze issues such as retail distribution strategies or organizational structures are now asking AI systems to perform similar evaluations at a fraction of the cost.
Don't Miss:
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
20 hours ago
Europastry is acquiring US business Highland Baking Company as the Spanish bakery group expands its presence in North America.
In a statement today (23 June), Europastry confirmed it has reached an agreement to buy the Illinois-based, family-owned business. Financial terms were not disclosed.
Europastry said the acquisition marks a "defining step" in its North American strategy, bringing together two businesses with "complementary capabilities and products".
The deal will also lift the group's annual revenue above €2bn ($2.28bn), it added.
Europastry executive chairman Jordi Galles said: "This transaction is much more than an acquisition: it is the coming together of two companies that share values, a long-term vision and the same approach to business.
In a statement today (23 June), Europastry confirmed it has reached an agreement to buy the Illinois-based, family-owned business. Financial terms were not disclosed.
Europastry said the acquisition marks a "defining step" in its North American strategy, bringing together two businesses with "complementary capabilities and products".
The deal will also lift the group's annual revenue above €2bn ($2.28bn), it added.
Europastry executive chairman Jordi Galles said: "This transaction is much more than an acquisition: it is the coming together of two companies that share values, a long-term vision and the same approach to business.
1 day ago
Three logistics companies announced acquisitions this week aimed at expanding trucking capacity, cross-border services and customs expertise.
The deals involve Wisconsin-based AmeriLux Transportation & Logistics, Montreal-based ANDY Corp., and Portland, Oregon-based Imperative Logistics Group, each targeting different segments of the supply chain ecosystem.
The transactions underscore how logistics companies are using acquisitions to add specialized capabilities and broaden customer offerings rather than relying solely on organic growth.
AmeriLux Transportation & Logistics announced it has acquired Green Bay, Wisconsin-based Dedicated Systems Inc., a family-owned carrier specializing in nationwide transportation and over-dimensional freight hauling.
Founded in 1991, Dedicated Systems offers flatbed transportation and oversized freight movements.
The deals involve Wisconsin-based AmeriLux Transportation & Logistics, Montreal-based ANDY Corp., and Portland, Oregon-based Imperative Logistics Group, each targeting different segments of the supply chain ecosystem.
The transactions underscore how logistics companies are using acquisitions to add specialized capabilities and broaden customer offerings rather than relying solely on organic growth.
AmeriLux Transportation & Logistics announced it has acquired Green Bay, Wisconsin-based Dedicated Systems Inc., a family-owned carrier specializing in nationwide transportation and over-dimensional freight hauling.
Founded in 1991, Dedicated Systems offers flatbed transportation and oversized freight movements.
