Mar182024

Philippines-United States Economic Relations Strengthen, Boosting Drive Towards Logistics Hub Status

Philippines-United States Economic Relations Strengthen, Boosting Drive Towards Logistics Hub Status

Industry Insights

A recent high-level trade mission led by US Commerce Secretary Gina Raimondo has concluded with promising commitments to bolster bilateral trade and investment between the Philippines and the United States. This initiative, stemming from a commitment made by President Joe Biden to President Ferdinand Marcos, Jr., signifies a significant step towards enhancing economic cooperation between…

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Mar182024

Global Trade Community Embraces Secure Transit System to Strengthen Supply Chain Resilience

Global Trade Community Embraces Secure Transit System to Strengthen Supply Chain Resilience

Industry Insights

Amidst the challenges posed by the Red Sea crisis, members of the International Road Transport Union (IRU) Commission on Customs Affairs (CAD) have convened to discuss strategies aimed at enhancing trade and transit efficiency. At the forefront of these discussions is the growing interest in a secure transit system, which has emerged as a vital…

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Mar182024

Dutch Experts Seek to Revolutionize India’s Fresh Produce Supply Chains

Dutch Experts Seek to Revolutionize India’s Fresh Produce Supply Chains

Industry Insights

A group of Dutch experts is eyeing the transformation of India’s fresh produce supply chains, aiming to assist retailers in tapping into the burgeoning consumer demand both domestically and internationally. This initiative comes from the public-private collaboration known as HortiRoad2India. As the fruit and vegetable industry leaders convene in Mumbai for the annual networking event,…

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Mar182024

U.S. Aims to Expand Central Asia's Role in Critical Minerals Supply Chains

U.S. Aims to Expand Central Asia’s Role in Critical Minerals Supply Chains

Industry Insights

In a bid to fortify global supply chains for critical minerals, the United States is intensifying its engagement with Central Asian countries. Recently, the U.S. Department of State orchestrated the inaugural meeting of the Critical Minerals Dialogue (CMD) in the C5+1 format, marking a significant stride towards fostering collaboration in this crucial sector. Led by…

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Mar172024

Major Investment in Busan New Port Boosts Regional Supply Chain Infrastructure

Major Investment in Busan New Port Boosts Regional Supply Chain Infrastructure

Industry Insights

A significant investment has been announced to bolster logistics infrastructure in the bustling Busan New Port, South Korea. An estimated $50 million will be injected into the development of a cutting-edge logistics center, set to enhance supply chain capabilities and streamline operations for local and regional businesses. Scheduled to kick off construction by the end…

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Mar142024

US Alliance Engages in Supply Chain Collaboration with Dominican Republic

US Alliance Engages in Supply Chain Collaboration with Dominican Republic

Industry Insights

In a significant move towards bolstering supply chain resilience and competitiveness, key stakeholders from the United States and the Alliance for Development in Democracy (ADD) countries convened in Punta Cana, the Dominican Republic, on March 12. Under Secretary of State for Economic Growth, Energy, and the Environment, Jose W. Fernandez, joined forces with His Excellency…

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Mar132024

ICTTM and West London Chambers of Commerce Sign MOU to Empower Local Businesses with Advanced Trade Tools

News

London, United Kingdom – March 13, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is pleased to announce a new Memorandum of Understanding (MOU) with the West London Chambers of Commerce. This partnership is set to revolutionize the way local businesses engage with global trade by providing them with unprecedented access to…

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Mar132024

U.S. Companies Eye Thailand for Supply Chain Diversification and Investment Boost

U.S. Companies Eye Thailand for Supply Chain Diversification and Investment Boost

Industry Insights

In a significant development, U.S. firms are expressing strong interest in Thailand as a key destination for diversifying their supply chains and ramping up investments. Speaking at an event in Bangkok, U.S. Commerce Secretary Gina Raimondo highlighted Thailand’s appeal to multinational corporations, particularly in sectors like electric vehicles, semiconductors, and digital industries. Raimondo emphasized the…

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Mar132024

UK Freight Association Appoints First Sustainable Logistics Chair

UK Freight Association Appoints First Sustainable Logistics Chair

Industry Insights

 A significant development has emerged in the UK freight industry with the appointment of Sam Warren as the inaugural chair of the Sustainable Logistics Policy Group by the British International Freight Association (BIFA). Warren, currently serving as a sustainability manager at a leading Essex-based freight forwarder, brings a wealth of experience and expertise to his…

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Mar132024

Leading Fashion Player Unveils Major Logistics Investment for Enhanced Supply Chain Strength

Leading Fashion Player Unveils Major Logistics Investment for Enhanced Supply Chain Strength

Industry Insights

A leading player in the fashion industry has unveiled ambitious plans to strengthen its logistics capabilities, signaling a significant investment in its supply chain infrastructure. With a commitment of nearly €1.8 billion, the company aims to bolster its distribution network over the next two years, anticipating increased demand for its products. This strategic move comes…

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