E-commerce has become a vital component of the Philippine economy, and a new roadmap is set to further boost its growth by focusing on key industries such as tourism, food, logistics, and more. Led by Trade Secretary Fred Pascual, the E-Commerce Promotion Council recently convened to discuss the E-Commerce Philippines 2024-2028 Roadmap. This roadmap aims…
The industrial and logistics sector in India experienced significant growth in the first quarter of 2024, according to a report by Savills India. There was a notable increase in demand compared to the same period last year. Major cities, categorized as Tier I cities, saw the highest demand, while Tier II and III cities also…
As the global supply chain landscape undergoes significant transformations, Taiwanese tech companies are increasingly looking beyond their home market. This trend extends beyond giants like Taiwan Semiconductor Manufacturing Co and Foxconn to include suppliers of chip components, electronics tools, materials, and facility builders. The shift in supply chains is driven by the expanding operations of…
Market reports indicate a surge in demand across the electronics industry, signaling positive momentum in the supply chain. According to the March Electronic Components Sales Trend (ECST) index, which surpassed its threshold of 100 to reach 106.9, all major component categories, including semiconductors, passives, and electromechanical devices, experienced growth. The electromechanical category, in particular, soared…
Scheduled for 21 to 24 May, the inaugural Global Supply Chain Forum aims to address the pressing need for more sustainable and resilient global production and distribution networks. Organized by a partnership between UNCTAD and Barbados, the forum seeks to tackle the complex challenges faced by supply chains worldwide. With geopolitical tensions and climate change…
Industry insiders stress the indispensable role of China in the global supply chain, underscoring the significance of closer cooperation for mutual benefit. Collaboration between international companies and Chinese counterparts spans the entire industrial process, from procurement to final assembly and delivery. This partnership has notably facilitated business expansion and enhanced efficiency. Amidst this collaboration, the…
Scheduled for 21 to 24 May, the inaugural Global Supply Chain Forum aims to address the pressing need for more sustainable and resilient global production and distribution networks. Organized by a partnership between UNCTAD and Barbados, the forum seeks to tackle the complex challenges faced by supply chains worldwide. With geopolitical tensions and climate change…
Berlin, Germany – April 10, 2024 – The International Trade Council (ITC), together with its subsidiary, the International Centre for Trade Transparency & Monitoring (ICTTM), proudly announce a partnership with the Future Insights Network for the upcoming edition of TFEST24. Scheduled to take place from November 11th to 13th in Berlin, TFEST24 is poised to gather…
Artificial intelligence (AI) is rapidly reshaping warehouse logistics as the industry adapts to the surging demands of e-commerce. Recent studies and industry reports reveal a significant integration of AI-powered robotics into warehouse operations, aimed at enhancing efficiency and meeting the evolving needs of the market. This blend of AI with human labor is not displacing…
Belgium’s leading postal service provider is set to make a substantial move within the logistics realm with a proposed acquisition of a prominent French logistics firm, marking a strategic shift in response to evolving trends in last-mile delivery dynamics. Acknowledging the persistent challenges in its operational landscape, the company revealed its intention to revamp its…