An artificial intelligence-driven startup specializing in cold chain logistics has successfully raised $9 million in a recent funding round to cater to growing customer demand and enhance its global operations. Launched in 2018, the company focuses on “autonomous cold chain logistics” using AI to actively manage and reduce risks associated with transporting and storing temperature-sensitive…
South Korea’s logistics industry is undergoing a significant transformation, with major companies expanding their facilities in response to a sharp rise in e-commerce purchases from China, according to recent industry reports. The Korea Customs Service disclosed that the volume of goods purchased through online shopping platforms in China saw a staggering 70.3 percent increase last…
A groundbreaking study conducted by researchers at a major university in Sydney promises to revolutionize the global hydrogen supply chain, enhancing the viability of hydrogen as a key player in the renewable energy sector. The study, recently published in a prestigious energy journal, presents a new model that could significantly lower the costs and improve…
A significant development in Africa’s logistics sector unfolds as a Nigerian startup secures $1.9 million in pre-seed funding to fuel its expansion across Nigeria and Kenya. The funding, consisting of both debt and equity, signifies growing interest and investment in the region’s logistics landscape. The startup, operating in 15 Nigerian cities, aims to utilize the…
A significant development unfolded at the Tashkent International Investment Forum as a delegation from an international organization pledged a substantial investment in Uzbekistan’s key sectors. Led by President Abdulhamid Alkhalifa, the delegation from the Organization of the Petroleum Exporting Countries (OPEC) International Development Fund announced commitments totaling $500 million. The agreements signed between the OPEC…
The landscape of supply chain management is witnessing a surge in investment towards generative AI, reflecting a significant shift in businesses’ approach to technology adoption. In a recent survey conducted by Accenture, a substantial majority of C-suite executives responsible for supply chain and production expressed intentions to increase their investment in generative AI, with optimistic…
In response to the increasing demand for faster and more cost-effective shipping, businesses across industries are redefining their delivery strategies. One notable trend is the shift towards utilizing independent contractors for transporting goods to consumers, a move that reflects a broader revolution in delivery logistics. To address inefficiencies and optimize operations, transportation collaboration is emerging…
In today’s interconnected world of manufacturing, ethical practices in the supply chain are gaining paramount importance. With the complexities of modern production, the demand for transparency and accountability has surged to unprecedented levels. Researchers at the Institute for Manufacturing (IfM), University of Cambridge, supported by InterAct funding, delve into the potential of the industrial metaverse…
The drone logistics and transportation industry is poised for significant expansion, with market research indicating a substantial increase in value over the forecast period. This growth is driven by the pressing need for innovative delivery solutions across various sectors, including logistics, e-commerce, healthcare, and food delivery. Key players in the industry are leading the charge,…
As the demand for batteries continues to surge, the global battery recycling industry faces significant challenges. Key players are now exploring regional approaches to bolster the circular battery supply chain, aiming to address critical mineral shortages sustainably. China, Europe, and North America are leading the charge in battery recycling efforts, with North America emerging as…