The North American Freight and Logistics industry is poised for significant growth, with projections indicating a market value of $1.89 trillion by 2029. This surge is attributed to heightened demand for goods from North American countries in emerging markets such as Indonesia, Thailand, and India. In 2022 alone, the North American logistics market witnessed a…
The retail sector is grappling with a rapidly evolving landscape marked by economic uncertainties and geopolitical disruptions. The recent Red Sea crisis, which has led to significant shipping delays, underscores the vulnerability of global supply chains. According to JP Morgan, approximately 30% of global container trade passes through the Suez Canal, highlighting the far-reaching impact…
In a significant development, Taiwan’s robust and dynamic supply chain has emerged as a key enabler in facilitating early mass production of the latest-generation high bandwidth memory (HBM) product, HBM3E, for a leading US memory IDM. This strategic collaboration has positioned the IDM ahead of its competitors, allowing it to fulfill supply commitments for Nvidia’s…
The transition from fossil fuels to clean energy hinges not only on the adoption of renewables but also on the development of diversified and resilient supply chains for materials and components. To delve into the importance of diversification and how to address it, let’s explore the current challenges and potential solutions. Currently, suppliers of solar…
The United States Trade Representative (USTR) ambassador, Katherine Tai, recently visited a textile manufacturer as part of her efforts to gather input from the public and industry stakeholders to shape future policies on supply chain resilience within the domestic textile and apparel sector. Ambassador Tai’s visit to the yarn-spinning manufacturing facility and headquarters of a…
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…