In a recent development, a report has highlighted cost and speed as the top priorities for firms engaged in the logistics business, particularly concerning last-mile delivery of goods. The Last-Mile Trends Report 2024 reveals a significant shift in priorities, indicating that while cost and satisfaction were previously paramount, the focus has now squarely shifted to…
In a series of recent discussions among industry leaders, economists, and government officials, the indispensable role of China in the global supply chain has been underscored, emphasizing the necessity of fostering closer collaboration for mutual benefit and sustainable growth. Executives across various sectors have emphasized China’s pivotal contribution, citing examples of successful partnerships that have…
In a significant step towards sustainability, a major player in the industry recently revealed impressive advancements in its supply chain’s journey towards renewable energy usage. Over 95% of its direct manufacturing expenditure is now committed to transitioning to 100% renewable energy by the year 2030. This monumental achievement reflects a substantial increase from previous years,…
Korean and Taiwanese textile industries are joining forces to bolster their global competitiveness through enhanced collaboration in the supply chain. This initiative was highlighted by the leaders of both sectors during the 18th annual Korea-Taiwan Textile Industry Conference held in Busan. At the conference, chaired by the Korea Federation of Textile Industries (KOFOTI) and the…
Artificial intelligence (AI) is revolutionizing global trade by transforming product classification and compliance processes. Importers and exporters face challenges in navigating complex regulations and matching product details with tariff codes. However, AI-powered tools are enhancing efficiency and accuracy in these critical areas. Anne van de Heetkamp, a contributor to SCB, highlights the significance of AI…
RenewableUK, alongside the Offshore Wind Industry Council, The Crown Estate, and Crown Estate Scotland, has unveiled an ambitious Industrial Growth Plan to triple manufacturing capacity in the UK offshore wind sector over the next decade. With 32,000 employees currently, the UK offshore wind industry is poised for significant growth. Each new large-scale offshore wind farm…
In a recent interview with Michael Jacobs, Senior Vice President of Supply Chain at a leading distributor of plumbing and heating products, insights were shared regarding the company’s groundbreaking initiatives to enhance customer satisfaction through supply chain optimization. The company serves a vast customer base across the US and Canada, offering a diverse range of…
In a recent interview with Michael Jacobs, Senior Vice President of Supply Chain at a leading distributor of plumbing and heating products, insights were shared regarding the company’s groundbreaking initiatives to enhance customer satisfaction through supply chain optimization. The company serves a vast customer base across the US and Canada, offering a diverse range of…
In a significant development within the logistics sector, a strategic partnership between two industry giants is poised to reshape supply chain dynamics across North America. The recent agreement, which involves the acquisition of intermodal assets, underscores a shared commitment to driving efficiency and sustainability in freight transportation. This groundbreaking partnership signifies a strategic alignment between…
In the ever-evolving landscape of semiconductor manufacturing, smaller economies like Malaysia are emerging as crucial players in the global supply chain. While attention often gravitates towards chipmaking powerhouses like Taiwan and South Korea, Malaysia, along with Singapore and the Philippines, is making strides to establish its presence in this competitive industry. With a rich history…