The Indonesian government is working to lower logistics costs from 14.29 percent to 8 percent of the Gross Domestic Product (GDP) in an effort to promote more efficient and competitive economic growth. This announcement was made by the Minister of Transportation during a National Seminar focused on “Improving Logistics Performance in Indonesia: Reflections, Challenges, and…
DetailsLondon, United Kingdom – July 26, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is delighted to announce a new strategic partnership with the Bulgarian Chamber of Commerce and Industry (BCCI). This agreement, signed earlier this week, will empower businesses in Bulgaria with ICTTM’s cutting-edge trade and supply chain data platforms, ADAMkyc and…
DetailsOrlando, FL – Nov 7-8– The highly anticipated Chief Procurement Officer (CPO) Summit 2024 will be held on November 7-8 at the prestigious Four Seasons Resort Orlando at Walt Disney World Resort. This exclusive event gathers top procurement executives and thought leaders from around the globe to discuss the latest trends, challenges, and innovations in…
DetailsA new player in the AI robotics sector has emerged with substantial financial backing, promising to revolutionize warehouse logistics. This innovative robotics company, specializing in warehouse automation, has secured $78 million across three funding rounds, including a significant Series B. While the company has not disclosed its valuation, the financial support underscores the growing interest…
DetailsA notable development in the logistics sector has emerged with the creation of a new logistics hub in Turkey, following regulatory approval from the Turkish Competition Authority. This newly formed entity, resulting from a merger, aims to meet the region’s increasing demand for advanced logistics solutions, enhance Turkey’s export and import volumes, create new industry…
DetailsA major player in the logistics industry has made a strategic move to enhance its global footprint through the acquisition of a leading freight forwarder. This acquisition is set to expand the company’s reach in key markets, including China, India, the US, and the GCC, while offering integrated logistics solutions in the UAE and leveraging…
DetailsThe warehousing and logistics sector is experiencing a significant boom, driven by investments in construction projects nationwide. This surge is largely fueled by the expansion of e-commerce and improvements to infrastructure, including distribution centers, transit links, and last-mile facilities. The COVID-19 pandemic highlighted the critical need for robust logistics networks, leading to increased demand for…
DetailsA prominent logistics company has reported a 55% decline in standalone profit, amounting to ₹10.15 crore for the April-June 2024 quarter. This profit decrease reflects higher initial expenses, increased manpower costs, and elevated warehouse leasing fees. However, the firm’s revenue showed a robust 10% increase, climbing to ₹1,156.66 crore from ₹1,050.92 crore in the same…
DetailsA leading logistics company has recently finalized a lease for a newly refurbished office space, marking a significant step in its strategic expansion. The company has secured a prominent location in a high-quality office development situated just outside a major city center. This modern facility, spanning 6,105 square feet over two floors, has been upgraded…
DetailsThe logistics and supply chain sectors are experiencing a remarkable evolution in warehousing practices, driven by innovations that significantly enhance operational efficiency and adaptability. Contemporary warehouses are becoming integral to streamlining logistics, optimizing fulfillment, and addressing the complexities of modern commerce. Today’s advanced warehousing solutions extend beyond traditional storage functions, focusing on a holistic approach…
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