Hong Kong’s Transport and Logistics Bureau has introduced an extensive Modern Logistics Development Action Plan, aiming to solidify its position as a global shipping powerhouse. Secretary for Transport and Logistics, Lam Sai Hung, emphasized the initiative’s focus on creating an environmentally friendly port, improving high-value maritime services, and attracting top talent to elevate the city’s…
The United States extends a generous hand to the Philippines, providing crucial humanitarian aid worth nearly ₱70 million ($1.25 million) to assist in the recovery of communities in Mindanao grappling with severe floods and landslides. This assistance, orchestrated by the U.S. government, aims to expedite the delivery of vital supplies such as emergency food, shelter,…
In a bid to bolster supply chain resilience in vital industries such as semiconductors and batteries, the government-backed Development Bank of Japan (DBJ) is set to inject over 150 billion yen ($1 billion) into these sectors. The investments, to be spread out over two years starting from fiscal 2024, will come in the form of…
The recent completion of the Balaoi & Caunayan Wind Farm in the North Luzon region of the Philippines marks a significant milestone in the nation’s renewable energy journey. This project, comprising 18 units of 5.0-145 and 14 units of 5.0-132 wind turbines with a combined output of 160 MW, represents a crucial step towards achieving…
In a strategic move aimed at bolstering its logistical capabilities and market reach, a prominent player in the fast fashion industry has unveiled plans to establish a new operational hub in Seattle, Washington. The decision comes as part of the company’s concerted efforts to streamline fulfilment processes and expedite delivery services for its growing customer…
Amidst a wave of supply chain restructuring, executives are eyeing India, Europe, and North America as preferred production destinations over China, reveals a recent report. The findings stem from the “15th annual Emerging Markets Logistics Index” conducted by a prominent supply chain services provider. According to the survey encompassing 830 logistics executives, 40% anticipate reduced…
Recent global events, including the COVID-19 pandemic and geopolitical tensions, have severely disrupted supply chains, highlighting the urgent need for businesses to enhance their planning capabilities. However, many companies struggle with this challenge due to flawed forecasting methods, leading to delivery delays, mismatched inventory levels, and subpar financial performance. This raises questions about the effectiveness…