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Lucid Strengthens Leadership Team as Company Prepares for Growth

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New leaders set to drive growth and bolster leadership in key areas

NEWARK, Calif., May 6, 2025 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID), maker of the world’s most advanced electric vehicles, today announced the company has strengthened its executive leadership team as it prepares for future growth. Lucid recently welcomed Akerho “AK” Oghoghomeh as Senior Vice President of Marketing, Jason Ryska as Vice President of Global Manufacturing Engineering, Dr. Kay Stepper as Vice President of Advanced Driver-Assistance Systems (ADAS) and Autonomous Driving (AD), and Adrian Price as Senior Vice President of Operations. They add to key talent who joined Lucid last year, including Erwin Raphael, Vice President of Revenue and Gemma Parker, Vice President of Program Management.

“These executive appointments further strengthen our leadership team and add to our ability to deliver continued growth and world-class technology leadership,” said Marc Winterhoff, Interim CEO at Lucid. “Combining their collective industry expertise with the deep product knowledge of our outstanding engineering, software, powertrain and design teams, we will continue to set the benchmark for electric vehicle technology and innovation for the foreseeable future.”

Oghoghomeh brings a wealth of experience to the Lucid team in building iconic brands including Red Bull and will play a key role in accelerating Lucid’s marketing initiatives, increasing the reach and relevancy of the Lucid brand, strengthening consumer engagement, and driving global growth.

Ryska is a seasoned automotive manufacturing executive with over 30 years of leadership experience across multiple global OEMs, including Fiat Chrysler Automobiles and most recently Ford Motor Company. He will lead manufacturing engineering for Lucid’s plants globally.

Stepper brings over 30 years of automotive experience and joins the company from Qualcomm, where he was the VP of Automotive, driving the expansion of Qualcomm Technologies, Inc. products into the automotive sector. Before that, he spent over 25 years at Bosch and held a series of leadership and management roles in engineering, research, product development and marketing in both the U.S. and in Germany.

Price joins Lucid from Ford Motor Company, bringing over 30 years of deep experience in manufacturing and operations leadership. His experience will further enable Lucid to efficiently ramp production and identify manufacturing efficiencies.

Raphael has more than 28 years of automotive industry experience, and most recently served as a logistics operations executive at Amazon. He was also previously the chief operating officer at Genesis Motor North America where he led the launch of several new vehicles for the brand. In his role at Lucid, Raphael is responsible for sales, service and customer care teams.

Parker joined Lucid from Rivian, where she was vehicle line director for two years. Prior to Rivian, she worked at McLaren and held several roles at DRÄXLMAIER Group over more than 12 total years at the company. Her last role at the company was vice president and head of market segment interiors for North America.

In their new roles, Oghoghomeh, Ryska, Stepper, Price, Raphael, and Parker will report directly to Winterhoff.

About Lucid

Lucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The award-winning Lucid Air and new Lucid Gravity deliver best-in-class performance, sophisticated design, expansive interior space and leading energy efficiency. Lucid assembles both vehicles in its state-of-the-art, vertically integrated factory in Arizona. Through its industry-leading technology and innovations, Lucid is advancing the state-of-the-art of EV technology for the benefit of all.

Investor Relations Contact: investor@lucidmotors.com
Media Contact: media@lucidmotors.com

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This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

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Last Mile Retail Awards Announces 2026 Winners, Recognizing Excellence in Last-Mile Delivery

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An event shining a light on top retailers redefining the “final 10 feet” of the customer experience

NASHVILLE, Tenn., April 23, 2026 /PRNewswire/ — The Last Mile Retail Awards (LMRA) today announced the winners of its 2026 awards, honoring retailers setting the standard for excellence in final-mile home delivery.

Now in its second year, the Last Mile Retail Awards is being held at the Four Seasons Hotel in Nashville in conjunction with Home Delivery World, bringing together leading retailers, logistics providers, and supply chain innovators for an evening dedicated to recognizing the people and organizations behind exceptional home delivery experiences. The event is co-hosted by Rahmel Wattley, founder of Truck N’ Hustle, serving as Master of Ceremonies.

Created to spotlight one of the most critical and often overlooked stages of retail, LMRA recognizes the teams and leaders responsible for delivering products directly into customers’ homes. As e-commerce and home delivery continue to accelerate, the “final 10 feet” has become the defining moment for customer satisfaction, brand perception, and long-term loyalty.

“Last-mile delivery is one of the most demanding parts of the retail experience, where there is no room for error,” said Arelis Bonilla, Founder of the Last Mile Retail Awards. “These awards recognize the retailers delivering operational excellence while elevating the customer experience. Our goal is to set the gold standard for what great looks like.”

The awards program spans 12 categories across sectors including furniture, appliances, fitness equipment, and e-commerce, while also recognizing excellence in leadership, innovation, sustainability, and social impact. Winners are selected based on their ability to deliver consistent, high-quality service and create seamless, customer-first delivery experiences.

2026 Last Mile Retail Awards Winners

Hall of Fame
Ed Frankowski, Director of Carrier Management at Costco Logistics

Most Innovative Retailer of the Year
CITY Furniture

Retail Executive of the Year Award
Ivan Kucher, Vice President Delivery Operations at Bob’s Discount Furniture

Best Overall Customer Experience Retailer
Costco Wholesale

Social Impact Retailer of the Year
Mattress Warehouse

Furniture

Best Customer Service Experience): Bob’s Discount Furniture

Appliances

Best Customer Service Experience: Best BuyBest Overall Appliance Retailer: Abt

Health/Fitness

Best Overall Health/Fitness Equipment Retailer: TonalFitness Equipment Innovation: IFit

E-Commerce

Best Overall E-commerce Retailer: Amazon

Bedding

Best Overall Bedding Retailer: Tempur Sealy

This year’s winners represent a diverse group of industry leaders who are redefining what excellence looks like in last-mile home delivery. Their efforts highlight how operational precision, innovation, and customer care come together to transform delivery into a true competitive advantage.

Beyond recognition, the Last Mile Retail Awards serve as a platform to connect top organizations across retail and logistics, foster collaboration, and inspire continued innovation across the industry. By elevating these achievements, LMRA aims to drive higher standards and greater visibility for the professionals shaping the future of home delivery.

About Last Mile Retail Awards

The Last Mile Retail Awards (LMRA) recognizes excellence in last-mile home delivery, honoring retailers and logistics leaders who are redefining the customer experience at the point of delivery. Through its annual awards program, LMRA highlights innovation, operational excellence, and customer-first strategies that are shaping the future of retail.

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Phemex Launches Prediction Market Powered by Polymarket, Introduces Month-Long Forecasting Championship

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APIA, Samoa, April 23, 2026 /PRNewswire/ — Phemex, a user-first global cryptocurrency exchange trusted by over 10 million traders, announced the official launch of its Prediction Market, powered by Polymarket, a leading decentralized prediction market platform. The new product enables users to trade on the outcomes of real-world events, while broadening Phemex’s platform beyond traditional price-based markets.

Through the Prediction Market, Phemex users can take YES or NO positions on a wide range of events, including cryptocurrency milestones, sports tournaments, and world events. Markets are accessible directly through existing Phemex accounts using USDT, without requiring external wallets or separate on-chain interaction.

The launch reflects growing interest in markets where information, sentiment, and probabilities can be expressed more directly than through conventional asset trading. By integrating prediction markets into a centralized trading environment, Phemex aims to make this category more accessible to a broader global user base.

To mark the launch, Phemex introduced the Prediction Championship, a four-week participation event running from April 23 to May 20, 2026. The series ranks eligible users based on forecasting performance, with rewards distributed weekly and final standings recognized at the conclusion of the competition.

“Prediction markets represent an important evolution in market structure,” said Federico Variola, CEO of Phemex. “They transform information and collective expectations into tradable signals. In a world increasingly shaped by fast-moving narratives, users are looking for more direct ways to express views on outcomes, not only on asset prices. Bringing this category onto Phemex is part of our broader strategy to build a more complete trading ecosystem around how markets actually function today.”

The launch follows Phemex’s recent expansion into new product verticals, including TradFi futures and AI-enabled trading tools, underscoring the company’s push toward a broader multi-market platform. Looking ahead, Phemex plans to continue expanding prediction market coverage, product functionality, and cross-category trading opportunities as user demand for event-driven markets grows globally.

About Phemex
Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation. With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed.

For more information, please visit: https://phemex.com/

 

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Healthcare Third-party Logistics Market Growth to Reach USD 502.6 billion by 2034, at a CAGR of 7.8% | Allied Market Research

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PORTLAND, Ore., April 23, 2026 /PRNewswire/ — The steady global growth of the healthcare 3PL market is primarily attributed to the growing pharmaceutical industry, rising demand for biologics with increasing cold chain logistics needs followed by rapid technology integration.

Market Size & Growth

Global Healthcare Third-Party Logistics Market – $246.1 billion by 2024The market estimated to achieve $502.6 billion by 2034, at a compound annual growth rate (CAGR) of 7.8%.Factors such as ever-Increasing drug demand, outsourcing of non-core functions and complexity in regulatory task are major growth drivers.Cold chain logistics is anticipated to be one of the fast-growing sub-segments, on account of increasing distribution for biologics and other cell & gene therapies as well as temperature-sensitive pharmaceuticals.Healthcare supply chain management is undergoing a renaissance, which will reshape the competitive dynamics in this industry with new advanced capabilities powered by digital transformation — such as route optimization via AI supported decision making; real-time tracking and visualisation technology enabled control rooms; and blockchain based end-to-end traceability.Though innovation keeps gallantly moving on, challenges — regulatory compliance, infrastructure investments and quality assurance risks— are enough to temper market pace.

Key Market Insights

Pharmaceutical companies, hospitals and biotech are increasingly outsourcing their complex supply chains that require compliance to specialized third-party logistics providers as the healthcare 3PL market undergoes a structural transformation. Some of the report’s key takeaways are:

Outsourcing non-core logistics operations to third-party providers allows healthcare organizations to shift focus back onto core R&D, manufacturing and patient care.3PL operators are investing in GDP-compliant cold storage infrastructure, ultra-low temperature (ULT) facilities and real-time monitoring systems due to the growth of biologics, specialty drugs and advanced therapy medicinal products (ATMPs).Environmentally sustainable logistics — even in the form of electric temperature-controlled vehicles, energy-efficient buildings or packaging solutions benefiting from global ESG commitments to sustainable development — have come into focus with healthcare 3PLs.Regulatory complexities across different global markets continue to remain a major roadblock with 3PL providers being forced into developing comprehensible compliance mechanisms for individual jurisdictions.Key players are expanding their geographic reach and range of services through strategic mergers, acquisitions, and partnerships that are reshaping the competitive landscape.

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Market Segmentation

By Service Type

Warehousing and storage service segment held the largest market share in 2024. The segment leadership has been supported by a growing demand for temperature-controlled storage, GMP-compliant and GDP-certified warehousing along with robust inventory management solutions. On the other hand, with continued growth in the global pipeline of new therapies, clinical trial logistics is expected to make considerable gains. Transportation services will continue to be a core component due its inability to function without the imminent movement of time sensitive, temperature dependent pharmaceutical products.

By End User

Pharmaceutical Companies are the largest end-user segment accounting for a significant share owing to requirements for high-volume distribution and stringent regulatory mandates. The end-user segment of the biotech companies is one of the fastest growing segments due to rapid growth in the sectors biologics, cell therapy and personalized medicine. Demand for healthcare 3PL is also strengthened by hospitals & clinics, medical device manufacturers, and many other end users.

By Medium of Transport

In 2024, ground transportation segment dominated the overall market share as it has become an essential component of last-mile delivery and regional pharmaceutical distribution. Ground fleets have been fortified with GPS tracking, refrigerated units and protocols of secure handling by 3PL providers. Air cargo is the fastest-growing mode of transport due to time-sensitive and high-value pharmaceutical shipments crossing borders. Ocean freight pertinent to bulk pharmaceutical raw materials and device components

By Supply Chain

In 2024, the non-cold chain logistics segment accounted for the largest shareholder of global pharmaceutical supply chains owing to large volumes of medical devices, OTC drugs, surgical instruments and other general pharmacy products requiring no temperature-sensitive handling. The cold chain logistics segment is expected to show the highest growth in the forecast period due to increasing demand for vaccines, biologics and cell & gene therapies as well as strict regulatory standards such Good Distribution Practices (GDP) and FDA guidelines.

Regional Insights

North America

The market for global healthcare third-party logistics was led by North America, which had the highest revenue share in 2024. The dominance of large pharmaceutical manufacturers, the existence of sophisticated logistics infrastructure covering a majority of demand points, and high regulatory standards (FDA/DEA) demanding top 3PL capabilities underpin this region’s leadership. Also, growing demand for biologics, specialty drugs and temperature-sensitive therapeutics is fueling the region’s market dominance. With the rise of e-pharmacy adoption accelerating last-mile delivery demand, there are well-defined air, sea and ground freight networks serving this area: namely; USA, Canada & Mexico.

Europe

The European market is the second largest healthcare 3PL by value globally, benefiting from an established pharmaceutical industry, increasing rates of clinical trials and stricter GDP compliance standards. Germany, France, the United Kingdom and Netherlands are among these European countries where pharmaceutical warehousing cold chain distribution and cross border logistics take place. The European landscape for 3PL investment remains influenced, as ever by the evolving EU regulatory framework and growing focus on supply chain resilience.

Asia-Pacific

Asia-Pacific region is expected to experience the fastest growth during forecast period, due rapid expansion of pharmaceutical industry in China, India and Japan and South Korea. The demand for 3PL is also surging in the region, owing to increasing healthcare expenditure along with a rising biologics production and manufacturing of medical devices. Southeast Asian markets including Malaysia, Singapore, Thailand and Vietnam are high potential but largely untapped healthcare logistics geographies. Another area where demand for specialized 3PL will see significant growth is the pharmaceutical sector in India, which itself has expected a very high rate of growth.

Middle East & Africa and Latin America

The Emerging healthcare 3PL markets include Latin America and the Middle East and Africa, which have witnessed an increase in support for his initiatives such as heightened investment on Health care, Expanded pharmaceutical distribution network government infrastructure initiativeОн. Particularly, Brazil, Mexico and the countries of Gulf Cooperation Council (GCC) are growth pockets where multinational pharmaceutical companies have begun to leverage regional logistics partners.

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Key Market Players

The global healthcare third-party logistics market comprises of a mix of very highly competitive broad based logistic conglomerates, specialized in the area (Tavo) Companies Today and Pharmaceutical Distribution Specialist Firms. A few of the leading companies in Allied Market Research for our market size report include:

DHL – Supply Chain & Global ForwardingUnited Parcel Service (Ups healthcare)FedEx Corporation (FedEx HealthCare Solutions)Kuehne + Nagel International AGDB Schenker (Schenker AG)McKesson CorporationCencora Inc. (Previously AmerisourceBergen)Cardinal Health, Inc.CEVA Logistics AGGEODIS SADSV A/SNippon Express Co.,, LtdC.H. Robinson Worldwide, IncAgility Public Warehousing Company K. S.C.P..Expeditors International of Washington, Inc.,

To solidify their competitive position in the market and build end-to-end healthcare logistics capabilities, these players are engaging in strategic acquisitions, technology investments & geographic expansion.

Key Recent Industry Developments

April 2025: DHL Group pledged USD 2.3 billion to bolster its life sciences and healthcare logistics over a five-year plan, further cementing its leading position in the global third-party-logistics (3PL) segment for this sector.April 2025- EVERSANA expanded pharmaceutical 3PL offerings to meet increased client demand for services related to commercial-stage drug distribution.Mar 2025: GXO Logistics, a leader in supply chain solutions for eCommerce and other verticals across Europe & North America acquired ColdChain Solutions (a provider of cold-storage with specialization on pharmaceuticals) Marcus Williams.December 2024: DHL Supply Chain launched one of the most advanced ultra-low temperature (ULT) storage facilities in Europe specifically for use within a cold supply chain, aimed at accommodating growing demand for Advanced Therapy Medicinal Products (ATMPs).November 2022: DHL Supply Chain formed a partnership with AmerisourceBergen for co-development of temperature-controlled distribution networks, specifically targeted at oncology and vaccine products.October 2024: UPS announced it has purchased Frigo-Trans and its sister company BPL expanding upon UPS’s portfolio of end-to-end temperature controlled and time-critical transportation solutions for pharmaceutical, biotech and healthcare provider customers.UPS Supply Chain Solutions introduced an integrated cold-chain platform for live biologics shipments, expanding its capabilities to ship and package sterile pharmaceuticals.March 2025: FedEx Express introduced electricity-powered controlled temperature vehicles in its European healthcare logistics fleet as part of the company’s near-term sustainability initiatives.Oct 2024: Launch of InspiroGene, a business unit by McKesson dedicated to supporting the commercialization needs of cell and gene therapies.April 2024: Cardinal Health revealed the establishment of a Columbus, Ohio based Consumer Health Logistics Center occupying an area of about 350000 sq ft which is set to strengthen its OTC healthcare products distribution.

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Technology, AI & Innovation (Future-Facing)

With a shared value of growth, technology adoption is an important driver reshaping the healthcare third-party logistics market landscape. Key innovations include:

AI & ML: Route optimization powered by AI, demand forecasting and Predictive Inventory Management allow 3PL providers to reduce costs, minimize wastage and deliver faster. Hey, delivered in November 2023 Meihua International Speed Fox AI-enabled warehouse management system (WMS) designed for healthcare logistics.

Blockchain-Based Traceability: Deployment of blockchain technology for end-to-end drug traceability, anti-counterfeiting & DSCSA (Drug Supply Chain Security Act) compliance across pharmaceutical supply chains

IoT & Real-Time Monitoring: Smart sensors and temperature monitoring devices powered by the IoT enable visibility right from shipment to destination, constantly streaming data in real time tracing cold chain integrity across long-haul shipments, as well last-mile deliveries.

Warehouse AutomationAt pharmaceutical distribution centers, automated guided vehicles (AGVs), robotics on picking systems and automatic storage & retrieval system(ASRS) continue to drive throughput efficiency and accuracy.

Big Data Analytics: With the help of data analytics platforms, 3PL providers can convert massive logistics datasets into actionable insights for optimum network design, capacity planning and customer service delivery.

Tech for Sustainable Logistics: ESG Imperatives and client sustainability objectives are leading to widespread adoption of electric delivery vehicles, energy-efficient smart warehouses, recyclable or biodegradable packaging materials by 3PL providers

These technologies in concert, are moving the healthcare 3PL space from traditional asset-heavy logistics to smart supply chain ecosystems that leverage data and sustainability.

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Analyst Review

Since the service framework in healthcare third-party logistics market is undergoing an inflection point, according to analysts from Allied Market Research. Pharmaceutical pipelines are increasing in complexity, regulatory landscapes and compliance requirements continue to evolve quickly at a global scale while digitalization is transforming how we think about what services logistics providers can offer — forcing many market-proven giants up an evolution path that will compel them each coalesce their architecture around new service directions.

The overriding trend of this decade is the transition from value-adding technology-enabled 3PL partnerships to volume-based logistics models. Demand for hyper-specialized cold chain capabilities and real-time supply chain visibility will only accelerate as biosimilars, personalized medicines, and cell/gene therapies are introduced into commercial distribution.

Analysts say the very opposite: though North America maintains its rightful position at the top of dividual markets — supported by tight regulatory controls and advanced infrastructure maturity, Asia-Pacific marks something different as being a beacon signal for where healthcare 3PL investment is heading next. 3PL providers looking to diversify their geographic presence are gravitating towards emerging markets such as Southeast Asia, India and the GCC region.

The competitive intensity of the market expected to be high with differentiation increasingly driven by technology depth, cold chain specialization, regulatory expertise and sustainability credentials. Organizations capable of providing seamless, compliant and tech-enabled healthcare logistics on a global scale will be best set to take their fair share—and more—of the market through 2034.

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