In a notable surge, China’s logistics sector showcased substantial growth in December, as revealed by industry data. The index monitoring the performance of the country’s logistics market reached 53.5 percent last month, marking a 0.2 percentage point increase from November, according to the China Federation of Logistics and Purchasing (CFLP). A reading exceeding 50 percent…
DetailsLondon, United Kingdom – January 3, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is excited to announce a strategic Memorandum of Understanding (MOU) with the Estonian Marine and Manufacturing Initiative (EMI). This collaboration, signed today, is ICTTM’s first with an Estonian partner and represents an important expansion in its global network…
DetailsIn a transformative era where seamless collaboration and enhanced connectivity are paramount, the integration of 5G technology is reshaping the landscape of business operations. This groundbreaking development opens up unprecedented opportunities for enterprise organizations and manufacturers to expand their horizons in manufacturing and supply chain management. 5G, when combined with Industry 4.0 technologies like the…
DetailsIn the dynamic landscape prioritizing efficiency and speed, a notable player in the logistics and transportation sector contributes to innovation and reliability. Recognized for proficiency in managing complex shipping challenges on a global scale, this entity specializes in transporting oversized agricultural and construction equipment, delivering tailored door-to-door supply chain solutions that are both effective and…
DetailsIn the quest for a sustainable future, the media and advertising industry faces a call to action that goes beyond the customary focus on optimizing the media supply chain. While efforts to reduce emissions and streamline data usage are crucial, there is a growing acknowledgment that a more comprehensive approach is needed. The industry is…
DetailsIn the midst of a global geopolitical landscape marked by strategic military bolstering and satellite infrastructure development, Taiwan’s power amplifier (PA) supply chain is making significant strides in key international markets, including India and Japan. The intensifying arms race and satellite advancements are propelling Taiwan’s PA industry to expand its global reach. As various nations…
DetailsIn a strategic move, Korea’s Ministry of Oceans and Fisheries has announced the establishment of a corporate body named K-UPA in Vietnam. The purpose of this initiative is to launch a logistics center in Dong Nai, southern Vietnam, aimed at providing support to small and medium-sized businesses. This development is part of a collaborative effort…
DetailsIn a remarkable display of resilience, the US automotive market witnessed a 12% surge in new vehicle sales in the past year, defying challenges such as high prices, rising interest rates, autoworker strikes, and the lingering impact of the global computer-chip shortage. The latest data reveals that American consumers purchased 15.6 million new vehicles in…
DetailsAs the business world strides into the new year, the intricate web of supply chains remains a focal point for organizations spanning diverse industries. Logistics, transportation, and supply chain professionals grapple with a myriad of trends, challenges, and opportunities, including the ever-growing influence of artificial intelligence, labor shortages, escalating costs, reshoring dynamics, sustainability imperatives, and…
DetailsIn a groundbreaking shift towards sustainable logistics, leading firms are spearheading a transformative era through the strategic integration of artificial intelligence (AI) and automation. McKinsey’s 2019 foresight of a new logistics paradigm, featuring augmented reality goggles for warehouse managers and autonomous vehicles navigating factory aisles, is materializing faster than anticipated. As we approach the four-year…
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