In a move to bolster supply chain efficiency and road safety, the Ministry of Transport is set to overhaul its policy on vehicle replacement. This upcoming policy aims to encourage the logistics and transportation sectors to invest in modern, new trucks, thereby enhancing the overall effectiveness of the supply chain. Minister Anthony Loke announced that…
DetailsIn today’s interconnected business landscape, where companies increasingly rely on a complex web of third-party providers, the need for robust supply chain security has never been more critical. A key element in fortifying this security is enhancing employee awareness, particularly in recognizing and responding to potential cyberattacks. As businesses engage with multiple vendors, the potential…
DetailsA leading biopharmaceutical company is making significant strides in advancing technology for managing the pharmaceutical cold chain. Through a dedicated innovation fund, the company is channeling investments into startups that are poised to revolutionize the way sensitive medical products are stored and transported. Established in 2010, the Global Health Innovation Fund has committed $600 million…
DetailsSingapore-based banks are strategically positioned to benefit from the ongoing reconfiguration of global supply chains towards the ASEAN region. This shift, driven by multinational companies seeking to diversify their production bases, is expected to gain momentum, particularly in response to changes in global trade policies. As global trade dynamics evolve, particularly with potential shifts in…
DetailsIn a proactive move to address Japan’s logistics challenges, major players in the food industry are coming together to revolutionize their supply chain systems. Facing issues like labor shortages and inefficiencies in trucking, leading seafood and frozen food companies are joining forces to create a more streamlined and efficient logistics framework. This collaboration focuses on…
DetailsThe Philippines is set to become a key player in the logistics sector, fueled by a robust increase in international trade and exports. With the logistics industry expected to reach a market size of P1.16 trillion by 2027, the country offers significant growth potential for companies seeking to expand their operations and strengthen global supply…
DetailsUlsan Port Authority (UPA) has taken a significant step towards enhancing South Korea’s alternative marine fuel supply chain by signing a US$17.6 million equity investment agreement on August 1, 2024. This strategic move follows the South Korean government’s 2023 initiative to develop a sustainable marine fuel network, with Ulsan Port positioned as a key player…
DetailsA new initiative has been launched to significantly improve logistics and supply chain efficiency nationwide. Announced at a recent forum focused on strengthening the logistics ecosystem, this campaign is designed to address key challenges and enhance operational performance across the sector. The initiative seeks to transform the current landscape by becoming a central resource for…
DetailsThe Indian logistics sector is on track for impressive growth, with projections indicating it will reach approximately $470 billion by FY2027. This expansion is driven by a robust annual growth rate of 11%, reflecting the sector’s increasing significance in the national economy. Road transport plays a pivotal role, contributing over 60% of logistics transportation in…
DetailsIn the dynamic world of pharmaceuticals, enhancing supply chain visibility and control is key to capturing growth opportunities and building market share. As the industry evolves with increasingly sophisticated treatments, including advanced medical devices, clinical gene therapies, and lab specimens, maintaining robust cold chain management and precise temperature control becomes crucial. Experts agree that to…
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