London, United Kingdom – March 13, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is pleased to announce a new Memorandum of Understanding (MOU) with the West London Chambers of Commerce. This partnership is set to revolutionize the way local businesses engage with global trade by providing them with unprecedented access to…
In a significant development, U.S. firms are expressing strong interest in Thailand as a key destination for diversifying their supply chains and ramping up investments. Speaking at an event in Bangkok, U.S. Commerce Secretary Gina Raimondo highlighted Thailand’s appeal to multinational corporations, particularly in sectors like electric vehicles, semiconductors, and digital industries. Raimondo emphasized the…
A significant development has emerged in the UK freight industry with the appointment of Sam Warren as the inaugural chair of the Sustainable Logistics Policy Group by the British International Freight Association (BIFA). Warren, currently serving as a sustainability manager at a leading Essex-based freight forwarder, brings a wealth of experience and expertise to his…
A leading player in the fashion industry has unveiled ambitious plans to strengthen its logistics capabilities, signaling a significant investment in its supply chain infrastructure. With a commitment of nearly €1.8 billion, the company aims to bolster its distribution network over the next two years, anticipating increased demand for its products. This strategic move comes…
Efforts to localize lithium battery production in Europe are accelerating as the region aims to meet stringent regulatory targets while safeguarding against geopolitical disruptions in supply chains. With a focus on achieving carbon neutrality by 2050, European carmakers are ramping up investments in emission-free operations, particularly in the electric vehicle (EV) sector. Acknowledging the strides…
China has recently unveiled a pioneering industry alliance as part of its ambitious agenda to bolster the nation’s deepwater offshore oil and gas supply chain. This strategic move reflects a concerted effort by the government to reduce dependency on foreign vendors and contractors while positioning China as a global leader in this pivotal sector. By…
Officials from South Korea, the United States, and Japan convened for a productive economic dialogue, focusing on enhancing collaboration in supply chains and cutting-edge technologies. Led by top representatives including Wang Yun-jong, Tarun Chhabra, and Yasuo Takamura, discussions in the port city of Busan emphasized the outcomes of the Camp David summit and the subsequent…
GE Aerospace, a leading player in the aerospace industry, has unveiled ambitious plans for the year 2024, marking a significant investment of over $650 million in its manufacturing facilities and supply chain. This strategic move aims to bolster production capabilities and enhance quality standards, ultimately to better serve both commercial and defense clientele. With the…
In a bid to enhance transparency within the cotton value chain, a global sourcing solution has unveiled an Impact and Assurance programme, marking a significant stride towards traceability and accountability. The programme, an integral component of the Direct-to-Grower Programme, is set to be implemented worldwide over three years across various phases. It promises to revolutionize…
In the realm of electric power supply chains, a seismic shift towards sustainability is underway, reshaping the landscape of energy production and distribution. Insights gleaned from discussions with industry experts shed light on pivotal aspects driving this transformative journey. Greening the Power Mix: Challenges and Opportunities Over recent decades, the United States has witnessed a…