Manufacturers worldwide reported further improvement to supply chains in March, indicating a gradual alleviation of disruptions caused by recent global events. The Global Manufacturing PMI, sponsored by JPMorgan and compiled by S&P Global, revealed that the time taken for factories to receive goods from their suppliers shortened on average during the month. The slight improvement…
DetailsIn a significant move within the supply chain software sector, a prominent player has agreed to acquire another company for a staggering $839 million. The acquisition is set to bolster the buyer’s position in the market, adding innovative capabilities to its portfolio. The acquisition targets a company known for its “intelligent control tower” and real-time…
DetailsA new online Master of Science in Supply Chain Management program has been launched, offering students a comprehensive curriculum focused on the intricacies of supply chain operations. Supply chain management encompasses a wide range of activities involved in the production and delivery of goods and services, including procurement, transportation, inventory management, and logistics. This program…
DetailsIn a strategic move to bolster the nation’s economic security, the United States has launched a comprehensive reform of the lithium-ion battery supply chain. The inaugural report in a series of three focuses on the crucial processing and refining stage of this essential supply chain. Assessing domestic efforts to enhance extraction and processing capabilities, the…
DetailsIn a strategic move to bolster the global semiconductor supply chain, the United States and Mexico have announced a collaborative effort aimed at enhancing chip development capabilities. Against the backdrop of intensifying competition in the AI chip market, this partnership signifies a significant step towards ensuring resilience and sustainability in the semiconductor industry. The collaboration,…
DetailsIn the ever-evolving landscape of supply chain management, a notable shift is underway in warehouse employment strategies, driven by the pursuit of operational efficiency. This transformation, characterized by a decline in traditional labor roles and an emphasis on automation and technological integration, is reshaping the core of warehouse operations. Historically, warehouses were bustling hubs of…
DetailsAutomation plays a pivotal role in fortifying the resilience of supply chains, as highlighted by the International Society of Automation (ISA) in their recent position paper titled “Automation Drives the Global Quest for Resilient Supply Chains.” The paper underscores the indispensable nature of automation technologies, regardless of whether manufacturers maintain offshore operations or opt for…
DetailsIn a significant move aimed at enhancing nationwide delivery service accessibility, South Korea’s largest e-commerce enterprise has announced plans to invest over 3 trillion won ($2.2 billion) in expanding its logistics infrastructure by the end of 2026. The investment will facilitate the extension of free, one-day delivery services, known as “rocket” delivery, to almost the…
DetailsTaiwan is considering forging cross-industry alliances to take the lead in reshaping global supply chains following recent geopolitical shifts, according to Secretary-General to the President Lin Chia-lung. Speaking at a forum in Taipei on Tuesday, Lin emphasized the potential for Taiwan to play a pivotal role in this transformation. Addressing the forum, which focused on…
DetailsThe North American Freight and Logistics industry is poised for significant growth, with projections indicating a market value of $1.89 trillion by 2029. This surge is attributed to heightened demand for goods from North American countries in emerging markets such as Indonesia, Thailand, and India. In 2022 alone, the North American logistics market witnessed a…
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