An Egyptian startup specializing in delivery management has secured $3 million in funding for its expansion plans across the Middle East and North Africa (MENA) region. Founded in 2020 by a team of entrepreneurs, this startup offers an advanced AI-driven SaaS solution that streamlines the entire last-mile delivery process autonomously. The startup has established partnerships…
China’s logistics industry demonstrated robust growth in the past year, as revealed by the China Federation of Logistics and Purchasing in its recent data release. The sector’s average prosperity index increased by 3.2 percentage points from 2022, reaching 51.8 percent. In 2023, express courier companies in China handled a remarkable 132 billion parcels, securing the…
China achieved a significant milestone in its railway logistics system with the launch of the Harbin Railway Logistics Center on Monday, bringing the total count of such centers to 39 across the country. This development signifies a crucial step in advancing the railway logistics system, contributing to high-quality social and economic growth, as reported by…
In a significant development within Romania’s logistics and supply chain landscape, the country’s industrial and logistics spaces achieved a noteworthy milestone by the end of 2023. This achievement underscores the increasing importance of Romania’s logistics infrastructure. A substantial portion of these industrial and logistics spaces is strategically concentrated in key regions, including Bucharest-Ilfov, the West,…
In a landscape characterized by shifting global supply chains, Vietnam’s main ports have experienced a remarkable surge in container-based traffic. This uptrend has been fueled by the ongoing relocation of manufacturers away from China, prompted by the tariff-driven trade tensions with the United States. Recent data on Vietnam’s growing “connectivity” within the shipping sector underscores…
An agreement within the Indo-Pacific Economic Framework for Prosperity (IPEF) is poised to become effective on February 24, as revealed by the U.S. Commerce Department’s recent announcement. This significant agreement involves 14 nations belonging to the framework, which includes major economies such as Japan, the United States, and Australia. The primary objectives of this agreement…
In a noteworthy development towards sustainability and strategic growth, a Singaporean logistics company, a subsidiary of a local business group, has successfully acquired the operations of another logistics entity. This acquisition, effective from December 29, 2023, reflects the company’s commitment to fostering a greener future and diversifying its business portfolio in alignment with its growth…
In a significant development, the United States has revealed that a pivotal agreement on supply chain resilience, operating within the framework of the Indo-Pacific economic partnership, will officially take effect on February 24. This pact involves 14 partner nations, including prominent countries like India, Japan, and Australia. Gina Raimondo, the US Commerce Secretary, emphasized that…
In a significant development, European Union (EU) member countries and lawmakers have reached an agreement on rules aimed at enhancing their ability to manage supply chain crises. These rules require companies based in Europe to prioritize the production of key products to prevent disruptions akin to those seen during the COVID-19 pandemic and Russia’s Ukraine…
London, United Kingdom – February 1, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is proud to announce a significant Memorandum of Understanding (MOU) with the Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon (CCIA-BML). This MOU, effective today, marks a pivotal moment in ICTTM’s expansion, as it is…