South Korea has set its sights on constructing a state-of-the-art cold chain logistics center in the Dutch port city of Rotterdam by the year 2027, according to an announcement from the presidential office. This ambitious project is set to materialize through a letter of intent, soon to be signed between South Korea’s Busan Port Authority…
In a remarkable stride towards a more efficient and customer-centric supply chain, cutting-edge innovations are reshaping the industry. Technologies such as data analytics, Internet of Things (IoT), automation, and artificial intelligence (AI) are taking center stage, yielding cost savings, enhanced operations, and ultimately, greater customer satisfaction. Supply chain organizations, recognizing the competitive edge of technology…
The Biden administration has launched a White House Council on Supply Chain Resilience to address America’s persistent supply chain challenges, and experts see this as a promising strategy to tackle inflation by enhancing supply stability. Wharton professor Marshall Fisher, an expert in operations, information, and decisions, praised the initiative, stating, “I would give it an…
The automotive industry is undergoing a monumental transformation as it shifts towards the production of Battery Electric Vehicles (BEVs), heralding a new era of cleaner transportation and sustainable manufacturing. Leading automakers and innovative start-ups are establishing BEV assembly plants alongside massive gigafactories across the globe, driven by a resolute commitment to localized production. While BEVs…
In a significant development aimed at bolstering bilateral high-tech exchanges, South Korea and the Netherlands have announced the formal establishment of a “chip alliance.” This partnership holds great promise for advancing semiconductor cooperation, aligning with U.S. President Joe Biden’s efforts to diversify the global supply chain, reducing dependence on China. South Korea’s first deputy director…