The U.S. Department of Energy (DOE) has announced a $17.5 million funding allocation for four projects aimed at developing a domestic supply chain for critical minerals and materials. This investment, part of President Biden’s Investing in America agenda, seeks to lower costs and reduce environmental impacts associated with the onshore production of rare earths and…
New research highlights the significant impact of investments in supply chain technology on revenue growth and operational efficiency. According to a survey conducted by a cloud-based integration platform, 80% of businesses reported an increase in revenue within one year of investing in supply chain technology. The survey, which gathered responses from 301 professionals across five…
In a significant move for corporate accountability, the European Parliament has approved a proposed law aimed at ensuring that large companies take responsibility for preventing and addressing human rights and environmental abuses within their global supply chains. The European Corporate Sustainability Due Diligence Directive (CSDDD) mandates that large corporations conduct due diligence regarding human rights…
In a significant development for the logistics industry, a scheduling software startup has successfully raised $2.75 million in pre-Series A funding, signaling its intentions for market expansion in the United States. The funding round was led by a prominent Sydney-based venture capital firm, along with contributions from various angel investors and family offices. The startup…
Amidst the ever-evolving landscape of the logistics industry, a prominent operator is prioritizing management training to propel success. With a workforce exceeding 1,400 globally and a notable expansion over the last decade, there arises a pressing need for enhanced training and development initiatives within the logistics sector. Effective management training holds the potential to significantly…
In the global pursuit of a circular economy for plastics, attention has turned towards prioritizing the role of informal waste workers. With upcoming negotiations for a global treaty on plastics pollution and the signing of its final text on the horizon, stakeholders within plastics supply chains are urged to adapt for transformation. Informal waste workers,…
In a bid to transform supply chain operations, a leading enterprise application software company has rolled out innovative artificial intelligence (AI) offerings tailored for the industry. The AI-driven advancements aim to empower businesses with real-time insights derived from data analytics, enabling informed decision-making throughout the supply chain lifecycle. By harnessing AI capabilities, companies can optimize…
In a significant development for the offshore wind industry, a Danish shipping and logistics group has announced plans to partner with a leading wind turbine maker to establish a nacelle factory and logistical base in South Korea. The memorandum of understanding, signed in the presence of local government officials, outlines the aim to establish a…
In commemoration of Earth Day, a coalition comprising 15 fashion and lifestyle enterprises has vowed to cease sourcing textile and packaging materials from ancient and endangered forests. These forests, untouched by industrial logging, span vast regions and harbor diverse ecosystems, including rare and endangered species. Situated in areas like Northern Canada, the Amazon Basin, and…
Recently, Hong Kong hosted a forum focused on fostering collaboration within global supply chains. This gathering attracted participants from political, business, and academic spheres across various economies. Their discussions revolved around strategies for stabilizing and optimizing industrial and supply chains while advancing sustainability goals. Acknowledging the impact of geopolitical tensions and increasing protectionism on the…