In a significant move aimed at bolstering Hungary’s logistics infrastructure, the Science and Innovation, Technology, Industry, and Logistics Park Council has approved plans for a major expansion. Following the Council’s decision, three new rural industrial parks can now be established, complementing the existing 18 logistics parks. Additionally, four industrial parks have been granted approval for…
The United States has been selected by the State Department Bureau of Economic and Business Affairs to spearhead a groundbreaking project aimed at diversifying the global semiconductor supply chain. The university has been awarded a $13.8 million cooperative agreement under the International Technology Security and Innovation (ITSI) Fund to support this initiative. Under the leadership…
From warehousing to risk assessment, generative artificial intelligence (AI) solutions are poised to transform the landscape of supply chain operations in 2024 and beyond. The adoption of generative AI solutions has been steadily increasing, prompting stakeholders across various industries to explore how AI can address the complexities and challenges inherent in supply chain management. Interestingly,…
In response to the challenges posed by climate change, the biopharmaceutical industry is intensifying efforts to enhance packaging technologies for climate-resilient supply chains. The imperative to protect product integrity, ensure patient safety, and mitigate environmental impact has spurred a concerted focus on advancing packaging solutions tailored to address the evolving climate-related risks. The escalating unpredictability…
In a significant development, the European Commission has granted approval for up to €6.9 billion ($7.43 billion) in state aid to support seven member nations in advancing their hydrogen supply chain infrastructure. This funding, allocated through the Important Projects of Common European Interest (IPCEI) program, will bolster the IPCEI Hy2Infra project jointly initiated by Poland,…
In a recent revelation by the Michigan Potato Industry Commission, the economic significance of Michigan’s potato supply chain has been underscored, with an estimated value of $2.5 billion. Executive Director Dr. Kelly Turner highlighted potatoes as the state’s second-largest produce commodity in terms of both volume and value, emphasizing the substantial impact of the industry…
A logistics company has successfully secured a $2 million seed funding aimed at accelerating the integration of electric vehicles (EVs) into its fleet, marking a significant milestone in its commitment to revolutionize green logistics practices in the Philippines. The funding, led by RT Heptagon Holdings (RTHH), underscores the growing momentum towards sustainable urban mobility. The…
A leading energy solutions provider recently announced a strengthened partnership with Wesfarmers Chemicals, Energy and Fertilisers (WesCEF), aiming to secure a stable lithium supply chain for the North American market’s demand for efficient and sustainable power solutions. The agreement between the two entities entails WesCEF supplying lithium concentrate to the energy solutions provider, supporting the…
A major aerospace manufacturer is currently focused on addressing challenges within its supply chain to ensure the smooth ramp-up of production for its A220 programme. The company sees no immediate need to overhaul its industrial setup despite ongoing issues faced by its wing supplier. The supplier has been seeking improved contract terms, leading to speculation…
The Deputy Minister of Investment, Trade, and Industry, Liew Chin Tong, has expressed Malaysia’s ambition to assume a more significant role in the global aviation supply chain. Highlighting Malaysia’s reputable presence in aviation material manufacturing and aircraft parts production, Liew emphasized the sector’s pivotal contribution to advancing the objectives outlined in the New Industrial Master…