According to data from the China Federation of Logistics and Purchasing, China’s import logistics sector demonstrated robust expansion throughout 2023. The total value of import logistics in the country reached 18 trillion yuan (approximately $2.53 trillion) last year, marking a significant 13 percent increase compared to the previous year. Notably, each quarter saw growth rates…
A London-based platform dedicated to decarbonizing food supply chains has successfully raised £3.6m in pre-Series A funding, marking a significant milestone in the quest for sustainable practices within the industry. Established in 2020, the platform offers innovative software solutions aimed at recording, monitoring, and sharing environmental data throughout the food supply chain. Using advanced AI…
A collaboration has been formed between Australian minerals company, a Japanese manufacturer, and the Australian arm of a Japanese resources and energy company to create an integrated manufacturing supply chain for vanadium flow batteries in north Queensland. The agreement entails the development of a comprehensive supply chain spanning from mining to energy storage for vanadium…
The automotive industry is undergoing a profound transformation as the popularity of electric vehicles (EVs) reshapes the traditional supply chain. A recent study by industry analysts forecasts a substantial decline in revenues for parts related to internal combustion engine (ICE) vehicles by 2027, while components for electric drivetrains and batteries are expected to soar. This…
The European Commission is actively seeking input from farmers and smaller suppliers throughout the food supply chain regarding their experiences with unfair trading practices. A survey, available online in all EU languages until March 15, 2024, aims to gather insights and concerns from those operating within the agricultural and food supply chain. This initiative follows…