The UK government has introduced a new incentive to strengthen local supply chains and boost job creation in the offshore wind sector. Developers awarded subsidies will receive additional financial support for prioritizing domestic suppliers and investing in key economic regions. With a starting bonus of £27 million per gigawatt, projects can qualify by sourcing components…
A leading Swedish supply chain technology firm is expanding into the U.S. market, bringing innovative solutions to enhance procurement efficiency and supplier collaboration. With a recent $6 million investment, the company aims to support businesses in building more resilient and transparent supply chains amid evolving global trade regulations and increasing sustainability demands. The firm’s AI-powered…
Taiwan and Japan are taking significant steps to enhance collaboration in the semiconductor supply chain, reinforcing stability and innovation in this critical industry. During a recent high-level meeting in Taipei, economic leaders and business representatives discussed strategies to strengthen industrial cooperation, expand investment opportunities, and advance technological development. Taiwan is a global leader in semiconductor…
The U.S. solar industry is taking a major step toward supply chain resilience and sustainability with the launch of a new advanced steel frame manufacturing facility in Benton, Arkansas. This development comes at a pivotal time, as updated trade policies impose tariffs on imported steel and aluminum, reinforcing the need for a strong domestic supply…
A leading European supply chain technology firm is expanding into the U.S. market, bringing advanced solutions to help businesses enhance procurement efficiency and supplier management. Backed by a $6 million venture capital investment, the company’s AI-driven supplier relationship management (SRM) platform is designed to streamline operations, improve supply chain transparency, and optimize costs. With increasing…
ADAMftd is an all-in-one platform designed to help businesses navigate the complexities of global trade. This powerful tool is being developed by International Centre for Trade Transparency (ICTTM) which is the commercial subsidiary of International Trade Council. Recently, ADAMftd launched a new feature called Vessel Information. This innovative tool offers users real-time access to global…
The Pharmaceutical Third-Party Logistics (3PL) market in the United States is experiencing significant growth, expected to reach a value of approximately US$319.6 billion by 2034, from US$137.5 billion in 2024. This growth reflects the increasing demand for efficient and specialized supply chain solutions within the pharmaceutical industry, as distribution complexities continue to rise. Pharmaceutical companies…
A leading global third-party logistics provider has significantly expanded its presence in the U.S. market through the acquisition of two key logistics firms. This strategic move enhances its capabilities to serve the rapidly growing U.S. e-commerce sector, particularly in the fashion, beauty, and lifestyle segments. With these acquisitions, the logistics provider now operates 7 million…
The logistics sector is taking a significant leap toward sustainability with the launch of the first hydrogen-powered truck dedicated to dry ice transportation. This milestone highlights the growing commitment to emission-free solutions and the continuous push for innovation in the industry. The newly deployed vehicle provides an efficient and eco-friendly alternative to conventional transport, demonstrating…
The food supply chain market is poised for remarkable growth, with projections indicating an expansion of over USD 59 billion from 2024 to 2028. This growth is driven by advancements in artificial intelligence and blockchain technology, which are revolutionizing logistics, traceability, and efficiency in food distribution worldwide. With a compound annual growth rate of 7.86…