Millennium Live | A Leadership & Discovery Podcast
Aug 31, 2026 · 37 min · 11 segments
Most people hear “electrification” and think of electric cars. But some of the biggest opportunities are happening in a much less visible place: the forklifts moving goods through warehouses and…
That's awesome, JF.
And thanks so much for walking us through that story.
And we've come a long way already in 2026.
And I want to talk a little bit about how electrification and lithium are growing.
And as you mentioned, most people hear electrification.
And here we are talking about forklifts and how they're so important.
These machines are so important to move goods.
in pretty much every warehouse and distribution center in North America.
But I guess the conversations that we don't have enough is how old they are and how outdated is this technology that's actually powering all these fleets.
Yeah, because when you think about Tesla, they're actually replacing internal combustion engines on the cars.
But in the warehouses, the forklifts have been electric for a long time, but using lead acid technology.
We're still replacing propane or diesel or natural gas powered forklifts.
You wouldn't want to have an internal combustion engine operating in a food factory or in a DC with medical supply.
So that pushed the electrification in the material handling sector, but they were stuck with technology that didn't age well, that could not sustain multiple shift operation.
There's no signal, nothing telling you really, okay, the end of life is coming.
And those companies who rely on the material handling equipment to deliver their goods are kind of stuck.
That's awesome, JF.
And thanks so much for walking us through that story.
And we've come a long way already in 2026.
And I want to talk a little bit about how electrification and lithium are growing.
And as you mentioned, most people hear electrification.
And here we are talking about forklifts and how they're so important.
These machines are so important to move goods.
in pretty much every warehouse and distribution center in North America.
But I guess the conversations that we don't have enough is how old they are and how outdated is this technology that's actually powering all these fleets.
Yeah, because when you think about Tesla, they're actually replacing internal combustion engines on the cars.
But in the warehouses, the forklifts have been electric for a long time, but using lead acid technology.
We're still replacing propane or diesel or natural gas powered forklifts.
You wouldn't want to have an internal combustion engine operating in a food factory or in a DC with medical supply.
So that pushed the electrification in the material handling sector, but they were stuck with technology that didn't age well, that could not sustain multiple shift operation.
There's no signal, nothing telling you really, okay, the end of life is coming.
And those companies who rely on the material handling equipment to deliver their goods are kind of stuck.
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