A global logistics service provider has officially inaugurated a state-of-the-art smart supply chain industrial park in Yangzhou City, Jiangsu Province, China. This facility, which represents a significant investment of RMB 1.5 billion ($211.6 million), spans 150,000 square meters and is designed to handle up to 6 million parcels per day at peak capacity. The new…
Saudi Arabia is set to transform its logistics sector with an ambitious investment of over $267 billion (SR1 trillion) aimed at establishing the Kingdom as a global logistics hub by 2030. This forward-thinking initiative was announced by the Saudi Minister of Transport and Logistics Services at the inaugural Global Logistics Forum 2024, held in Riyadh.…
Gas transmission system operators from Spain and the Netherlands have joined forces to promote sustainable practices in the energy sector through a new agreement. This initiative focuses on developing integrated logistics chains for the effective management of carbon dioxide and the transportation of decarbonized molecules such as green hydrogen and green ammonia. The collaboration aims…
The electric vehicle (EV) battery recycling sector is set to experience significant growth, driven by increasing demand for sustainable practices within the automotive industry. Effective logistics and supply chain strategies will play a pivotal role in enhancing the profitability and efficiency of recycling operations, ultimately contributing to a greener future. Recycling EV batteries offers the…
California is once again leading the charge in sustainability with the passage of the Responsible Textile Recovery Act of 2024. This landmark legislation makes apparel and textile producers responsible for managing the collection, repair, and recycling of their products. The law, which is designed to reduce textile waste in landfills, has significant implications for supply…
In a strategic move to strengthen its logistics capabilities, a major port and logistics operator has acquired a Hong Kong-based supply chain provider, positioning itself to facilitate the global transport of Chinese products. This acquisition reflects a commitment to leveraging China’s robust manufacturing sector and expanding logistics networks to enhance trade connections. The newly acquired…
The chemical supply chain is undergoing a transformative shift as two innovative software start-ups have successfully raised $55 million in combined funding. This new wave of investment signals an exciting future for digitization in the chemical distribution sector, which has traditionally lagged behind other industries due to the complexities involved in its transactions. Historically, the…
The Artificial Intelligence (AI) in Supply Chain market is on an impressive trajectory, projected to grow from USD 4.7 billion in 2023 to an astounding USD 89.4 billion by 2032, driven by a compound annual growth rate (CAGR) of 38.73%. This surge reflects the increasing recognition of AI’s transformative potential in optimizing supply chains and…
The logistics industry is about to witness a remarkable advancement in reusable packaging with the launch of an ultra-light, smart-tracking pallet, debuting at the Fruit Attraction event in Madrid from October 8 to 10, 2024. This innovative solution is poised to transform fresh food logistics by significantly improving efficiency across the supply chain. Weighing in…
Singapore’s logistics industry is embracing digital transformation at an impressive pace, where advanced technologies are being adopted to streamline supply chain operations. Far from replacing human effort, these innovations are empowering the workforce, allowing people to thrive in an increasingly data-driven environment. As the world’s largest logistics hub, ranked by the World Bank in 2023,…