In a recent development within the supply chain industry, a spin-off from a leading semiconductor company has successfully secured $20 million in a series A funding round. The investment round was led by Magenta Venture Partners, supported by Mitsui, with additional contributions from JAL Ventures, Israel Cargo Logistics, and Sumitomo Corp. This innovative supply chain…
DetailsA prominent supply chain technology provider has recently announced its participation in a key initiative led by the U.S. Department of Commerce, focusing on fostering safe and reliable artificial intelligence (AI) technologies. This entity joins over 200 stakeholders within the AI community to contribute to the development and deployment of trustworthy AI systems. The surge…
DetailsIn a significant collaboration, an energy giant in Saudi Arabia has joined forces with a leading logistics provider to establish a sustainable procurement and logistics hub within the Kingdom. This venture, named Advanced Supply Management Operations (ASMO), aims to cater to the increasing demand for efficient and eco-friendly supply chain solutions in Saudi Arabia. The…
DetailsIn a bid to strengthen its foothold in the rapidly growing U.S. market, a global fast fashion retailer headquartered in Singapore with origins in China has revealed plans to establish a new supply chain office in downtown Bellevue, Wash. The move is geared towards better managing the retailer’s burgeoning U.S. operations and enhancing the efficiency…
DetailsRecent assessments of the commercial aircraft supply chain reveal a positive trajectory, as highlighted by industry reports. A notable executive has emphasized significant improvements, with the bulk of daily parts required for airliner construction arriving punctually and meeting essential standards. This promising development signals a step forward in streamlining operations and ensuring the efficiency of…
DetailsA recent strategic collaboration between a UK and US-based warehouse technology innovator and a connected fulfilment solutions specialist aims to revolutionize warehouse operations. The partnership focuses on integrating rate shopping and transportation management capabilities into the advanced warehouse management system (WMS) to streamline order processing and reduce operational costs. The integrated solution, facilitated by the…
DetailsA burgeoning logistics tech startup is making significant strides in revolutionizing the global supply chain industry. Born out of the challenges posed by the COVID-19 pandemic and geopolitical tensions, this innovative venture is reshaping how international freight logistics are managed. Founded by a group of forward-thinking entrepreneurs with extensive experience in cross-border shipping and cutting-edge…
DetailsA new core logistics private fund in Japan has successfully raised ¥16.5bn (€106m) in institutional capital, signaling a promising expansion in the logistics sector. The fund, which attracted several institutional partners in Japan, has been fully utilized to acquire two strategically located logistics assets in Greater Tokyo and Osaka. These acquisitions, made in collaboration with…
DetailsIn the dynamic realm of supply chain management, the concept of industrial resilience takes center stage. It delves into the intricate dynamics of complex ecosystems, encompassing a web of factories, logistics networks, and external entities like governments and regulatory bodies. At its core, industrial resilience seeks to understand how various events interact within industrial systems,…
DetailsThe global automotive industry is witnessing a profound shift as the demand for electric vehicles (EVs) continues to soar, reshaping the traditional auto supply chain. Projections indicate a substantial disruption, with revenues for parts associated with internal combustion engines (ICEs) expected to plummet by 44% by 2027, while revenues for electric drivetrains and batteries are…
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