According to data from the China Federation of Logistics and Purchasing, China’s import logistics sector demonstrated robust expansion throughout 2023. The total value of import logistics in the country reached 18 trillion yuan (approximately $2.53 trillion) last year, marking a significant 13 percent increase compared to the previous year. Notably, each quarter saw growth rates…
DetailsA London-based platform dedicated to decarbonizing food supply chains has successfully raised £3.6m in pre-Series A funding, marking a significant milestone in the quest for sustainable practices within the industry. Established in 2020, the platform offers innovative software solutions aimed at recording, monitoring, and sharing environmental data throughout the food supply chain. Using advanced AI…
DetailsA collaboration has been formed between Australian minerals company, a Japanese manufacturer, and the Australian arm of a Japanese resources and energy company to create an integrated manufacturing supply chain for vanadium flow batteries in north Queensland. The agreement entails the development of a comprehensive supply chain spanning from mining to energy storage for vanadium…
DetailsThe automotive industry is undergoing a profound transformation as the popularity of electric vehicles (EVs) reshapes the traditional supply chain. A recent study by industry analysts forecasts a substantial decline in revenues for parts related to internal combustion engine (ICE) vehicles by 2027, while components for electric drivetrains and batteries are expected to soar. This…
DetailsThe European Commission is actively seeking input from farmers and smaller suppliers throughout the food supply chain regarding their experiences with unfair trading practices. A survey, available online in all EU languages until March 15, 2024, aims to gather insights and concerns from those operating within the agricultural and food supply chain. This initiative follows…
DetailsA Dubai-based logistics company has shown keen interest in establishing a logistics hub and industrial park in the Philippines, according to statements from the Department of Trade and Industry (DTI) on Tuesday. During a meeting between Secretary Alfredo Pascual and senior executives from the Dubai-based firm in Abu Dhabi, discussions centered around potential collaboration in…
DetailsThe Indian pharmaceutical supply chain has witnessed remarkable growth, positioning itself as a cornerstone of the global healthcare landscape. With projections soaring to unprecedented levels, the industry’s evolution from $40 billion in 2021 to an expected $130 billion by 2030 reflects its dynamic prowess and resilience. India, often hailed as the ‘pharmacy of the world,’…
DetailsIn the journey towards achieving sustainable and ethical supply chains, the automotive industry made strides in 2023, yet significant room for improvement remains on the horizon. In its annual automotive supply chain leaderboard, Lead the Charge, an advocacy network committed to transforming the automotive sector into a more sustainable and ethical industry, evaluated the efforts…
DetailsIn today’s business landscape, organizations are facing intricate challenges in managing their supply chains and distribution networks effectively. The COVID-19 pandemic in 2020 underscored the vulnerabilities within global supply chains, particularly impacting industries like chemicals, pharmaceuticals, and fast-moving consumer goods (FMCG). Businesses navigate complex global supply chains with extensive interdependencies among stakeholders. While offering benefits…
DetailsA concerted drive is underway to address the pressing need for more workers in the logistics and supply chain sector, which plays a crucial role in facilitating the movement of goods globally through various transportation modes such as road, rail, sea, and air. Recognizing the challenges posed by a looming labor and skills shortage, ‘Logistics…
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