Oneida County in New York has been granted $23.6 million for the development of a semiconductor supply chain campus at the shovel-ready 332-acre Griffiss ‘Triangle’. This initiative aims to establish the site as a premier location for semiconductor supply chain activities. The FAST NY grant program awarded funding to seven shovel-ready sites, with Griffiss receiving…
DetailsRecent tensions in the Red Sea have sparked a global logistics crisis, causing shipping freight charges from various regions to surge dramatically. The conflict, particularly affecting trade routes to Western Europe and the United States, has led many shipping companies to reconsider their routes and seek alternative options. The China-Europe freight railway has emerged as…
DetailsA logistics solutions provider based in California has revealed plans to extend its services into Southeast Asia. The move is geared towards enhancing the efficiency and effectiveness of time-critical shipments, with a focus on speed, safety, accuracy, and sustainability. The expansion will see the company deepen its involvement in supporting the semiconductor industry, particularly aiding…
DetailsDuring an Australia-Asean summit in Melbourne, the CEO of a Philippine energy firm emphasized the potential for collaboration between top lithium producer Australia and major nickel suppliers Indonesia and the Philippines in developing regional battery storage systems. Addressing delegates, he highlighted the concentration of risk in lithium battery production, with over 70% being produced in…
DetailsRetail giants from Finland and Norway have recently made strides in their supply chain management and sustainability efforts through a collaborative partnership with TradeBeyond. This collaboration, which initially aimed to tackle challenges in managing private brand products, has now evolved into a sophisticated digital transformation initiative aimed at driving efficiency and sustainability across the supply…
DetailsThe industrial chocolate sector is experiencing robust growth, buoyed by an increasing emphasis on logistics optimization and efficiency in supply chain management. Analysts forecast a substantial surge in industrial chocolate sales, projected to reach a remarkable USD 97 billion by 2033, with a steady compound annual growth rate (CAGR) of 4.5% over the next decade.…
DetailsIn a move to fortify global supply chains with essential resources, Canada and Australia have announced a groundbreaking collaboration to strengthen their foothold in the critical minerals sector. This partnership, highlighted in a joint statement issued on Monday, underscores the shared commitment of both nations towards advancing the extraction, processing, and refining of vital minerals.…
DetailsA new state-of-the-art e-commerce logistics center has been launched in Ethiopia, boasting an investment of US$55 million, according to reports from ENA. This initiative showcases Ethiopia’s commitment to modernizing its logistics infrastructure to remain competitive internationally. With a global trend towards digital marketing and a decline in traditional freight transport, there’s a rising demand for…
DetailsA strategic investment of $2.5 billion has been announced to establish a new solar manufacturing hub in Cartersville, Georgia, aiming to diversify the global solar supply chain by localizing ingot, wafer, and cell production within the United States by 2024. This initiative directly challenges the dominance of certain countries in the sector, historically maintaining a…
DetailsUS Treasury Secretary Janet Yellen emphasized the importance of robust relations between the United States and Chile, particularly in the context of advancing goals related to climate and energy. Yellen’s remarks followed her visit to a lithium processing facility in Antofagasta, Chile, underscoring the significance of Chile as a key player in the electric vehicle…
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