The global logistics market is projected to soar to $20.1 trillion by 2033, doubling from $10.2 trillion in 2023, according to Allied Market Research. This strong growth, at a compound annual growth rate (CAGR) of 7.3%, is fueled by expanding global trade, a surge in e-commerce, and rapid adoption of advanced supply chain technologies. As…
The latest Supply Chain Report for May highlights a pivotal moment in the logistics industry, as market turnover reaches new heights—demonstrating the sector’s agility and capacity for renewal. A surge in new trucking authorities, up 48% month-over-month, reflects growing entrepreneurial momentum and renewed interest in freight operations despite soft seasonal demand. This dynamic shift comes…
A major player in the activewear industry is strengthening its supply chain by embracing a diversified sourcing strategy designed to reduce tariff exposure and ensure continuity in operations. With production spread across multiple regions—including significant contributions from Southeast Asia and the Middle East—the company has built a well-balanced procurement network. This approach minimizes dependence on…
Kazakhstan and Greece are taking major steps to strengthen their transport cooperation, unlocking new potential in regional logistics through the expansion of the Middle Corridor. This strategic partnership supports smoother trade flows and helps optimize supply chains connecting Asia and Europe. During a productive visit to Athens from May 14 to 16, Kazakhstan’s transport delegation…
Sustainability is becoming an essential part of international trade and logistics strategy. A new environmental data initiative is offering supply chain professionals expanded access to key sustainability metrics. This development enables businesses to improve sourcing decisions, support ESG goals, and comply with growing trade and environmental regulations. The initiative builds on earlier sustainability programs by…
A wave of Australian businesses is stepping into the spotlight as they engage in a national supplier qualification program that aims to elevate local industries into high-value global supply chains. Within just a few weeks, close to 200 companies from across the country have expressed their interest in participating, signaling a strong commitment to expanding…
The U.S. Department of Commerce has launched a new initiative that encourages automakers to provide detailed supply chain documentation to qualify for reduced tariff rates on imported vehicles and parts. This move offers a strategic opportunity for manufacturers to optimize trade costs and highlights the growing role of supply chain transparency in global trade operations.…
In a move welcomed by many within the international trade and logistics sectors, Germany’s Chancellor Friedrich Merz voiced strong support for reforming the European Union’s supply chain law to better align with the realities of global commerce. Speaking at a construction industry event, Merz emphasized the importance of building trust in companies and creating a…
Governments and industry leaders from across the world have joined forces to accelerate the development of international hydrogen supply chains, marking a major step forward in building resilient, sustainable trade networks for the future. During a high-level roundtable held alongside the World Hydrogen Summit, participants emphasized their unified commitment to advancing clean hydrogen infrastructure that…
The global supply chain finance market is set to experience robust growth, projected to rise from $6 billion in 2021 to $13.4 billion by 2031. This significant increase, growing at a compound annual growth rate (CAGR) of 8.8%, underscores the increasing importance of financial solutions in supporting global trade operations and managing evolving tariff regulations.…