China’s strategic move to expand its manufacturing footprint to North America is generating substantial benefits not only for the United States but also for host countries like Mexico and the broader global trade system, according to experts in the supply chain industry. This trend, known as nearshoring, involves the relocation of manufacturing facilities closer to…
In today’s dynamic landscape of global trade, retailers are confronted with a myriad of economic and geopolitical hurdles, necessitating innovative solutions to fortify their supply chains. The recent disruption in container trade due to the Red Sea crisis serves as a poignant reminder of the vulnerabilities inherent in traditional supply chain models. Addressing these challenges…
A prominent player in express transportation services, affiliated with a global corporation, has secured prestigious accolades at the Asia-Pacific Biopharma Excellence Awards 2024. The company was honored as the ‘Top Performer in Logistics & Supply Chain Management’ and also received the ‘Outstanding Achievement Award: Last Mile Implementation’ for its exceptional contributions to the industry. Organized…
London, United Kingdom – March 22, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is proud to announce a strategic partnership with the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI). Signed yesterday, this Memorandum of Understanding (MOU) signifies a united effort to empower businesses across the Asia-Pacific region with cutting-edge…
In a move reflecting the evolving landscape of global trade, a Chicago-based third-party logistics (3PL) provider has announced the expansion of its cross-border services in Mexico. This strategic initiative comes after eight years of managing shipping services at the southern border, marking a significant step towards enhancing supply chain capabilities. Key aspects of this expansion…
The Defense Department has awarded a significant contract worth $576 million to a technology company to bolster the semiconductor supply chain for military applications in the United States. The 10-year indefinite-delivery/indefinite-quantity contract aims to enhance the production of commercial semiconductor technologies and services to meet the specific needs of the U.S. military. Under the contract,…
The UK government’s ambitious plans for nuclear energy have sparked a wave of optimism within the country’s supply chain industry. With aims to achieve 24 GW of nuclear energy by 2050, the UK is taking bold steps towards energy security and net-zero goals. Among the driving forces behind the resurgence of the UK’s nuclear industry…
In a bid to enhance operational efficiency, a major player in the retail sector in Canada is introducing cutting-edge automation technologies into its distribution network. The initiative kicks off with the piloting of an automated receiving solution at a regional distribution center (RDC) in Calgary, Alberta. This move follows the announcement of the company’s next-gen…
London, United Kingdom – March 19, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is proud to announce a strategic partnership with the Asian Exporters’ Chamber of Commerce and Industry (AECCI). Signed on Friday, this partnership is set to empower exporters and importers across India with ICTTM’s innovative trade and supply chain data…
A Chinese group specializing in equipment for power grids has inaugurated a new logistics and innovation center in Timisoara, located in western Romania. The investment, situated at Global worth Timisoara Industrial Park I near Timisoara Airport, is set to generate over 100 job opportunities in the region. The center’s establishment aligns with Romania’s commitment to…