South Korea’s shipping sector ranks among the world’s most vibrant, contributing significantly to global maritime trade, exceeding 10% of the total. Projections by the Korea International Trade Association anticipate a substantial 7.9% surge in exports, reaching $680 billion in 2024, accompanied by a 3.3% increase in imports during the same period. The Group Vice President…
DetailsOn February 1, European Union member states and lawmakers achieved a consensus on implementing regulations requiring European companies to prioritize the production of essential products. This decision is aimed at preventing supply chain crises similar to those experienced during the COVID-19 pandemic. The European Commission introduced the Single Market Emergency Instrument in response to these…
DetailsA leading logistics provider based in Nevada has introduced a revolutionary platform known as ContainerAI. This advanced platform aggregates a wide range of historical and real-time data, delivering precise information for every crucial event from the initial port of departure to the final delivery location. According to the Vice President of Drayage and Intermodal at…
DetailsAn innovative solution has been launched by a global provider, tailored to meet the operational demands of manufacturers, retailers, and distributors. This state-of-the-art offering aims to streamline operations in the manufacturing and finished goods logistics sectors. The new suite of solutions promises valuable insights and planning tools, empowering businesses to optimize their supply chains and…
DetailsA recent survey has shed light on the increasing significance of supply chain management within corporate leadership. Previously relegated to a mere line item in financial records, supply chain has now emerged as a pivotal factor in shaping business strategies and gaining a competitive edge. The survey findings indicate a notable shift in perspective, with…
DetailsFrench President Emmanuel Macron has emphasized the need for enhanced safeguards for food producers, proposing a “European Egalim” law akin to existing French legislation regulating trade negotiations between food manufacturers and supermarkets. In response to widespread farmers’ protests across the EU, Macron’s call for greater protections aligns with demands for ensuring farmers’ incomes amid supply…
DetailsIn a significant move aimed at reinforcing supply chain operations in Saudi Arabia, a prominent aerospace company has signed a Memorandum of Understanding (MoU) with a subsidiary of a leading logistics and transportation provider in Saudi Arabia. This partnership aligns with the objectives of Saudi Vision 2030 and focuses on expanding collaboration in supply chain…
DetailsDespite the Philippines’ rich agricultural resources, the sector has faced persistent challenges, including low output growth, inadequate farmer incomes, technology and input gaps, and subpar logistics infrastructure. These issues have been compounded by fluctuating commodity prices and inflation, resulting in elevated transportation, processing, and storage costs and posing food security risks, especially for vulnerable populations…
DetailsAfter a six-year hiatus due to the pandemic, the eagerly anticipated events of Transport Logistic China and Air Cargo China are set to make a triumphant return to Shanghai. The stage for this gathering of the global logistics and air cargo industry will once again be the Shanghai New International Expo Centre, scheduled for June…
DetailsThe German government has designated approximately €1 billion ($1.1 billion) for investments in raw materials as part of its strategy to reduce dependency on key mineral producers, particularly from certain regions. This move is driven by the need to secure critical minerals and decrease reliance on external sources. A selection process will be established to…
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