Ulsan 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…
DetailsCentral Asia is rapidly establishing itself as a major hub in the global transport and logistics network. Recent insights highlight the region’s growing significance in shaping international trade routes and enhancing economic connectivity. Central Asia’s strategic position is being strengthened by ambitious international projects aimed at integrating the region into global supply chains. Key initiatives…
DetailsMexico’s ruling party is contemplating significant adjustments to a proposed judicial reform to address market concerns and ensure stability within the country’s supply chain. The reform, initially introduced by the outgoing administration, included the election of judges by popular vote—a move that raised concerns about the potential impact on Mexico’s legal and commercial environment. To…
DetailsSouth Africa is reinforcing the integrity of its supply chain by introducing value-added tax (VAT) on low-value parcels entering the country. This positive measure is designed to protect the domestic clothing industry by addressing the challenges posed by a surge in international e-commerce imports. Previously, low-value goods were subject to a flat 20% customs duty…
DetailsEgypt and the UAE have entered into a landmark agreement to develop a state-of-the-art logistics trading zone in the Mediterranean. This ambitious initiative aims to enhance regional supply chain efficiency and bolster logistics capabilities. The focus of the partnership is to optimize the management and trading of petroleum products by upgrading port infrastructure, expanding storage…
DetailsIn the quest to optimize logistics and transportation operations, digital tools are proving essential for boosting efficiency and cutting costs. Recent insights from a webinar on digital strategies highlight several key approaches that can transform how logistics and transportation companies manage their operations. Digital solutions offer significant advantages in streamlining processes and improving cost efficiency.…
DetailsAs the $9 trillion global food industry continues to grow, the need for sustainability within its intricate supply chain becomes increasingly urgent. This complex network, involving multiple tiers from production to consumption, presents significant challenges in adopting sustainable practices. The food supply chain is composed of a range of actors, including producers, processors, distributors, and…
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