In a significant move aimed at enhancing nationwide delivery service accessibility, South Korea’s largest e-commerce enterprise has announced plans to invest over 3 trillion won ($2.2 billion) in expanding its logistics infrastructure by the end of 2026. The investment will facilitate the extension of free, one-day delivery services, known as “rocket” delivery, to almost the…
Taiwan is considering forging cross-industry alliances to take the lead in reshaping global supply chains following recent geopolitical shifts, according to Secretary-General to the President Lin Chia-lung. Speaking at a forum in Taipei on Tuesday, Lin emphasized the potential for Taiwan to play a pivotal role in this transformation. Addressing the forum, which focused on…
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…