In a shift from the short-term focus that dominated from 2020 to 2022, 2024 heralds a new era of strategic supply chain design. Organizations, emerging from pandemic-driven turbulence, are ready to embrace long-term resilience and efficiency in their supply chains. Here are six predictions shaping the landscape of strategic supply chain design in 2024: Transition…
DetailsIn a noteworthy reflection of economic vitality, China’s logistics market witnessed substantial progress and improvements in the past year, propelled by a resilient economic recovery and emerging growth drivers. The China Federation of Logistics and Purchasing reported that the annual average logistics performance index for 2023 stood at 51.8, surpassing the expansion-contraction line of 50…
DetailsIn a nuanced transformation of global trade dynamics, supply chains are undergoing intricate changes, particularly in the context of the United States and China redefining their economic relationships. Recent findings by the Bank of International Settlements (BIS), a consortium of central banks, shed light on the intricate shifts occurring within supply chains. BIS economists noted…
DetailsIn an era of technological advancement, the International Centre for Trade Transparency and Monitoring reports on the transformative impact of digital agriculture on the landscape of supply chain management. Enhanced Efficiency: Digital agriculture is revolutionizing the supply chain, seamlessly connecting every stage from farm to fork. Real-time data on crop conditions, weather patterns, and logistics…
DetailsAmid ongoing disruptions caused by the rerouting of ships in the Red Sea due to security concerns, there appears to be a notable surge in international demand for US shale oil. This shift is attributed to the perception of US shale oil as a safer and more cost-effective alternative for buyers, particularly within the European…
DetailsIn the ever-changing landscape of international trade, supply chains are undergoing a significant transformation, reshaping global economic dynamics. The International Centre for Trade Transparency and Monitoring sheds light on the intricate developments that have unfolded since December 2021, as companies navigate through the aftermath of the COVID-19 pandemic and geopolitical events such as Russia’s invasion…
DetailsIn a groundbreaking shift within the industry, there’s a renewed focus on optimizing reverse logistics, the intricate system governing the management and movement of returned goods. The International Centre for Trade Transparency and Monitoring sheds light on this critical development, recognizing its far-reaching impact on both individuals and businesses, especially during peak return periods, such…
DetailsIn the ongoing pursuit of sustainable practices in the agricultural sector, a critical challenge emerges: how to incentivize smaller farmers to adopt environmentally responsible methods without compromising their economic stability. Often, the push for sustainability from food and beverage companies, while well-intentioned, may not align with the financial realities faced by smaller producers. Ofir Ardon,…
DetailsIn 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…
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