Forklift-free set to disrupt manufacturers

Retail orders of forklifts dropped 28% in 2023.

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TODAY’S STORY

About 34,900 workers are injured in forklift-related accidents annually, while nearly 100 are killed.

The dangers are causing some of America’s largest manufacturers to retreat from forklifts. Mercedes-Benz has replaced some forklifts with autonomous vehicles, and Tesla has opted to use safer push carts or trailer-hauling “tuggers.”

Retail orders of forklifts dropped 28% in 2023, the most significant annual decline in 14 years.

We’re finally starting to see the manufacturing industry begin to change in response to workplace safety incidents. This could mint new business winners who create alternatives for manufacturers, ending the decades-long dominance of groups that make forklifts and other types of heavy machinery commonly involved in workplace accidents.

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Kieran & Justin Ryan