The Defense Department has awarded a significant contract worth $576 million to a technology company to bolster the semiconductor supply chain for military applications in the United States. The 10-year indefinite-delivery/indefinite-quantity contract aims to enhance the production of commercial semiconductor technologies and services to meet the specific needs of the U.S. military. Under the contract,…
The UK government’s ambitious plans for nuclear energy have sparked a wave of optimism within the country’s supply chain industry. With aims to achieve 24 GW of nuclear energy by 2050, the UK is taking bold steps towards energy security and net-zero goals. Among the driving forces behind the resurgence of the UK’s nuclear industry…
In a bid to enhance operational efficiency, a major player in the retail sector in Canada is introducing cutting-edge automation technologies into its distribution network. The initiative kicks off with the piloting of an automated receiving solution at a regional distribution center (RDC) in Calgary, Alberta. This move follows the announcement of the company’s next-gen…
London, United Kingdom – March 19, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is proud to announce a strategic partnership with the Asian Exporters’ Chamber of Commerce and Industry (AECCI). Signed on Friday, this partnership is set to empower exporters and importers across India with ICTTM’s innovative trade and supply chain data…
A Chinese group specializing in equipment for power grids has inaugurated a new logistics and innovation center in Timisoara, located in western Romania. The investment, situated at Global worth Timisoara Industrial Park I near Timisoara Airport, is set to generate over 100 job opportunities in the region. The center’s establishment aligns with Romania’s commitment to…
A recent seed extension funding round has propelled an innovative venture in the electric vehicle (EV) logistics sector, marking a significant milestone in its expansion efforts. The funding, totaling $1.6 million, was secured from a consortium of international and regional investors, including ADB Ventures, Iterative VC, FiveFortyAlpha, Third Derivative, BonBillo Fund, Bansea, and Satvik Investments.…
In a bid to address the growing need for sustainable last-mile deliveries, logistics providers worldwide are increasingly exploring cost-effective solutions. One promising trend gaining traction is the adoption of mixed electric fleets, which includes incorporating e-cargo bikes. According to Jennifer Dungs, Global Head of Mobility at EIT InnoEnergy, logistics providers are facing multiple challenges, including…
In a bid to streamline its supply chain processes, a prominent convenience retailer in Switzerland has announced its collaboration with a leading technology provider. The retailer, known for its extensive network of stores across several European countries, aims to leverage cutting-edge solutions to optimize availability, minimize waste, and enhance overall customer satisfaction. With a workforce…
The US Department of Energy (DOE) has recently allocated $750 million to support 52 projects across 24 states, aimed at advancing clean hydrogen technology and enhancing its availability in the market. This funding initiative, part of President Biden’s $1 trillion Bipartisan Infrastructure Law, underscores the government’s commitment to promoting sustainable energy solutions. These projects cover…
A recent high-level trade mission led by US Commerce Secretary Gina Raimondo has concluded with promising commitments to bolster bilateral trade and investment between the Philippines and the United States. This initiative, stemming from a commitment made by President Joe Biden to President Ferdinand Marcos, Jr., signifies a significant step towards enhancing economic cooperation between…