In a significant move to enhance bilateral ties, businesses and governments from Korea and Vietnam have pledged to deepen their partnerships in energy, supply chain, and digital transformation. The agreement was formalized during the Korea-Vietnam Business Forum, hosted in Seoul by the Korea Chamber of Commerce and Industries (KCCI) amid the visit of Vietnam’s Prime…
A major logistics company has made significant strides in the healthcare sector, securing over $500 million in quality agreements for the fiscal year 2024. These agreements involve the creation of customized standard operating procedures for critical healthcare shipments, enhancing reliability for the transportation of sensitive and high-value goods. The company’s healthcare clients are also leveraging…
As climate change increasingly impacts the food we eat, vertical farming is emerging as a groundbreaking solution, transforming the fresh food supply chain. This innovative approach leverages advancements in technology, robotics, and AI to grow and harvest crops vertically in controlled environments, offering a sustainable alternative to traditional agriculture. A prominent vertical farming company in…
The Philippines is actively courting Western investors to bolster its nickel reserves, aiming to become a pivotal player in the global electric vehicle (EV) battery supply chain. As the world’s second-largest producer of nickel, the Philippines is positioning itself as a key alternative to the China-dominated supply chain for this critical metal. Ceferino S Rodolfo,…
In a notable move within the global trade and logistics sector, a leading logistics company has successfully acquired a prominent freight brokerage business for $1.025 billion in cash. This acquisition is poised to make the buyer the third-largest provider of brokered transportation services in North America, signaling a significant enhancement in trade efficiency and network…
A leading Spanish logistics company specializing in temperature-controlled goods has expanded its European operations by opening a new logistics center in Belfort, Bourgogne-Franche-Comté region, France. This facility marks the company’s first foray into the French market, boasting an impressive total area of 77,000 square meters. The inauguration of this center is a strategic move to…
A recent industry study has identified positive developments in manufacturing priorities, with a notable increase in emphasis on supply chain visibility and operational flexibility. This shift highlights the sector’s successful adaptation to digital transformation and the integration of advanced technologies, which have led to significant improvements in operational efficiencies. The survey findings from consecutive years…
A pioneering Swiss firm has successfully secured $116 million in Series D funding to revolutionize the pharmaceutical supply chain through advanced cold chain technology. Established in 2013, this firm is at the forefront of developing temperature-controlled containers that ensure the safe and efficient transport of sensitive pharmaceuticals via air travel. These state-of-the-art containers are equipped…
An innovative AI platform focusing on sustainability and compliance within the supply chain sector has successfully secured €63 million in its latest funding round, elevating its total investment to over €90 million. This significant infusion of capital highlights the growing recognition of the critical need for advanced solutions to enhance supply chain resilience and compliance…
A leading logistics company has unveiled a groundbreaking rail transport service connecting Hanoi, Vietnam, to Europe, leveraging the robust freight train networks between China and Vietnam. This strategic initiative is set to significantly enhance cross-border transport services, linking ASEAN countries with the European market more efficiently and sustainably. The new rail service capitalizes on the…