In a progressive move toward building stronger, future-ready trade relationships, Korea and Singapore are set to deepen their cooperation in the bio sector through a targeted supply chain dialogue. The initiative comes amid a shared commitment to securing stable and diversified supply routes in an increasingly complex global environment. The virtual meeting marks the first…
China is poised to play a vital role in the expanding global biopharmaceutical logistics market, as recent forecasts show the cold chain logistics segment is set to reach $37.9 billion globally by 2030. With China’s market projected to grow at a 4.3% CAGR, the country is emerging as a key player in advancing pharmaceutical supply…
A logistics provider based in the Philippines has expanded its footprint in Southeast Asia by launching operations in Thailand, marking a key milestone in advancing green and sustainable supply chain practices in the region. The company introduced an initial fleet of 21 electric delivery trucks in Bangkok, supporting clean and efficient last-mile delivery. To complement…
India and Europe are advancing efforts toward a cleaner future by forming a new partnership to develop a robust green energy supply chain. This collaboration focuses on the safe and efficient transport of low-carbon fuels such as green hydrogen, ammonia, and sustainable aviation fuels between the two regions. The agreement aims to establish strategic logistics…
The global logistics market is projected to soar to $20.1 trillion by 2033, doubling from $10.2 trillion in 2023, according to Allied Market Research. This strong growth, at a compound annual growth rate (CAGR) of 7.3%, is fueled by expanding global trade, a surge in e-commerce, and rapid adoption of advanced supply chain technologies. As…
The latest Supply Chain Report for May highlights a pivotal moment in the logistics industry, as market turnover reaches new heights—demonstrating the sector’s agility and capacity for renewal. A surge in new trucking authorities, up 48% month-over-month, reflects growing entrepreneurial momentum and renewed interest in freight operations despite soft seasonal demand. This dynamic shift comes…
A major player in the activewear industry is strengthening its supply chain by embracing a diversified sourcing strategy designed to reduce tariff exposure and ensure continuity in operations. With production spread across multiple regions—including significant contributions from Southeast Asia and the Middle East—the company has built a well-balanced procurement network. This approach minimizes dependence on…
Kazakhstan and Greece are taking major steps to strengthen their transport cooperation, unlocking new potential in regional logistics through the expansion of the Middle Corridor. This strategic partnership supports smoother trade flows and helps optimize supply chains connecting Asia and Europe. During a productive visit to Athens from May 14 to 16, Kazakhstan’s transport delegation…
Sustainability is becoming an essential part of international trade and logistics strategy. A new environmental data initiative is offering supply chain professionals expanded access to key sustainability metrics. This development enables businesses to improve sourcing decisions, support ESG goals, and comply with growing trade and environmental regulations. The initiative builds on earlier sustainability programs by…
A wave of Australian businesses is stepping into the spotlight as they engage in a national supplier qualification program that aims to elevate local industries into high-value global supply chains. Within just a few weeks, close to 200 companies from across the country have expressed their interest in participating, signaling a strong commitment to expanding…