The pharmaceutical third-party logistics (3PL) market is set for significant expansion, with projections reaching $319.6 billion by 2034, up from $137.5 billion in 2024. This steady growth, at a compound annual growth rate (CAGR) of 8.8%, highlights the increasing importance of efficient and innovative supply chain solutions in the pharmaceutical industry. As global healthcare needs…
A renewable technology installation platform based in Norway has successfully raised $4 million in Seed funding to accelerate the deployment of clean energy solutions. The funding round was led by key investors focused on climate technology and innovation. Founded in 2022, the company aims to optimize the supply chain for renewable assets by streamlining the…
A major expansion in electric vehicle (EV) supply chain solutions is underway in the Asia Pacific region, with the establishment of three new Centers of Excellence (COEs) in 2024. These hubs will enhance end-to-end logistics capabilities, supporting the growing demand for EV production, battery materials, and aftermarket services. With Asia projected to account for 63%…
Global leaders in the pharmaceutical and logistics industries are set to gather this April for a major event focused on driving supply chain innovation. This milestone gathering will bring together key decision-makers to tackle challenges, explore solutions, and enhance collaboration in life sciences logistics. With over 2,000 attendees and 180 sponsors confirmed, the event will…
Kyrgyzstan and Turkmenistan are strengthening their economic partnership by focusing on trade, energy, and logistics. These efforts will improve supply chain efficiency and create new opportunities for businesses involved in cross-border commerce. A key initiative is the development of a multimodal cargo transportation route through the Caspian Sea. This corridor will connect Kyrgyzstan to Turkmenistan…
A cutting-edge logistics and inventory management platform has secured $40 million in Series B funding, marking a significant step toward enhancing global e-commerce supply chains. With a total of $49 million raised, the investment will drive expansion into key markets, including the US, EU, Australia, and Canada, while introducing advanced inventory solutions to optimize restocking…
A major player in the solar technology industry is strengthening its supply chain by integrating an advanced risk management platform designed to enhance visibility, predict potential disruptions, and drive operational efficiency. This initiative underscores the growing importance of digital transformation in global supply chains, ensuring businesses can adapt to evolving market conditions with agility and…
The recent implementation of new U.S. tariffs on imports from Canada, Mexico, and China is driving significant shifts in global supply chain strategies. Businesses across industries are reassessing sourcing, logistics, and production to navigate the evolving trade landscape and maintain operational efficiency. Manufacturers are accelerating nearshoring and domestic production investments to reduce dependence on tariff-affected…
The UK’s commitment to expanding renewable energy is driving significant advancements in wind power infrastructure. With ambitious plans to increase wind energy capacity, the focus is now on strengthening supply chains to support long-term sustainability and efficiency. Efforts to enhance domestic production and streamline logistics are creating new opportunities in the renewable energy sector. Investments…
A significant €21.9 million investment is set to strengthen the future of software supply chains, driving innovation and enhancing security in artifact management. This latest funding round, supported by top investors, will accelerate advancements in secure software distribution, helping enterprises streamline operations while maintaining compliance with global cybersecurity standards. With software supply chains becoming increasingly…