California is once again leading the charge in sustainability with the passage of the Responsible Textile Recovery Act of 2024. This landmark legislation makes apparel and textile producers responsible for managing the collection, repair, and recycling of their products. The law, which is designed to reduce textile waste in landfills, has significant implications for supply…
In a strategic move to strengthen its logistics capabilities, a major port and logistics operator has acquired a Hong Kong-based supply chain provider, positioning itself to facilitate the global transport of Chinese products. This acquisition reflects a commitment to leveraging China’s robust manufacturing sector and expanding logistics networks to enhance trade connections. The newly acquired…
The chemical supply chain is undergoing a transformative shift as two innovative software start-ups have successfully raised $55 million in combined funding. This new wave of investment signals an exciting future for digitization in the chemical distribution sector, which has traditionally lagged behind other industries due to the complexities involved in its transactions. Historically, the…
The Artificial Intelligence (AI) in Supply Chain market is on an impressive trajectory, projected to grow from USD 4.7 billion in 2023 to an astounding USD 89.4 billion by 2032, driven by a compound annual growth rate (CAGR) of 38.73%. This surge reflects the increasing recognition of AI’s transformative potential in optimizing supply chains and…
The much-anticipated NOBEEL Summit and Awards 2024 is just around the corner, taking place on October 19, 2024, at Wolverhampton Science Park in the United Kingdom. This global gathering is a prime opportunity for Black professionals, entrepreneurs, and economic leaders to engage, learn, and celebrate success. Don’t miss this impactful event, which promises a day…
The logistics industry is about to witness a remarkable advancement in reusable packaging with the launch of an ultra-light, smart-tracking pallet, debuting at the Fruit Attraction event in Madrid from October 8 to 10, 2024. This innovative solution is poised to transform fresh food logistics by significantly improving efficiency across the supply chain. Weighing in…
Singapore’s logistics industry is embracing digital transformation at an impressive pace, where advanced technologies are being adopted to streamline supply chain operations. Far from replacing human effort, these innovations are empowering the workforce, allowing people to thrive in an increasingly data-driven environment. As the world’s largest logistics hub, ranked by the World Bank in 2023,…
In an exciting development for the supply chain management sector, a new software startup has successfully raised over one hundred million dollars in private equity funding from prominent investors, including Oak Healthcare and Financial Technology, a distinguished venture capital and private equity firm that focuses on investing in healthcare and financial services technology. This innovative…
London, United Kingdom – October 9, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is excited to announce a strategic partnership with the Georgetown Chamber of Commerce and Industry (GCCI). This collaboration will empower Guyanese businesses to access global markets with greater confidence, leveraging ICTTM’s innovative trade data platform, ADAMftd. Through this…
The transition to electric vehicles (EVs) represents a vital opportunity to reduce global greenhouse gas emissions, and the U.S. is taking significant steps to strengthen its EV battery supply chain. Currently, the reliance on China for battery materials presents challenges, but the Inflation Reduction Act (IRA) offers robust incentives to bolster domestic production and diversify…