The Logistics Summit 2024, hosted at a prominent venue in New Delhi, presented an engaging platform for industry leaders and policymakers to discuss transformative strategies for advancing India’s logistics sector. The summit focused on aligning logistics with the nation’s ambitious goals for a developed economy by 2047 and a $5 trillion economy by 2027-28. The…
In a strategic development within the supply chain sector, a leading equipment manufacturer has secured a three-year agreement with a prominent logistics provider to manage in-plant warehousing at a major facility in Gujarat, India. This new collaboration extends an existing relationship where the provider already handles service parts warehousing at another key site. Under the…
A significant advancement in the logistics sector was announced with the formation of a strategic partnership between two leading companies in air cargo transportation. This collaboration marks a pivotal moment in enhancing the efficiency of air cargo systems, as both companies combine their extensive resources and expertise to offer superior logistics solutions across the ASEAN…
In a move to bolster supply chain efficiency and road safety, the Ministry of Transport is set to overhaul its policy on vehicle replacement. This upcoming policy aims to encourage the logistics and transportation sectors to invest in modern, new trucks, thereby enhancing the overall effectiveness of the supply chain. Minister Anthony Loke announced that…
In today’s interconnected business landscape, where companies increasingly rely on a complex web of third-party providers, the need for robust supply chain security has never been more critical. A key element in fortifying this security is enhancing employee awareness, particularly in recognizing and responding to potential cyberattacks. As businesses engage with multiple vendors, the potential…
A leading biopharmaceutical company is making significant strides in advancing technology for managing the pharmaceutical cold chain. Through a dedicated innovation fund, the company is channeling investments into startups that are poised to revolutionize the way sensitive medical products are stored and transported. Established in 2010, the Global Health Innovation Fund has committed $600 million…
Singapore-based banks are strategically positioned to benefit from the ongoing reconfiguration of global supply chains towards the ASEAN region. This shift, driven by multinational companies seeking to diversify their production bases, is expected to gain momentum, particularly in response to changes in global trade policies. As global trade dynamics evolve, particularly with potential shifts in…
In a proactive move to address Japan’s logistics challenges, major players in the food industry are coming together to revolutionize their supply chain systems. Facing issues like labor shortages and inefficiencies in trucking, leading seafood and frozen food companies are joining forces to create a more streamlined and efficient logistics framework. This collaboration focuses on…
The Philippines is set to become a key player in the logistics sector, fueled by a robust increase in international trade and exports. With the logistics industry expected to reach a market size of P1.16 trillion by 2027, the country offers significant growth potential for companies seeking to expand their operations and strengthen global supply…
Ulsan Port Authority (UPA) has taken a significant step towards enhancing South Korea’s alternative marine fuel supply chain by signing a US$17.6 million equity investment agreement on August 1, 2024. This strategic move follows the South Korean government’s 2023 initiative to develop a sustainable marine fuel network, with Ulsan Port positioned as a key player…