A Moroccan agritech startup has successfully raised $7 million in pre-Series A funding to transform the supply chain connecting smallholder farmers with traditional retailers of fruits and vegetables. The investment round was led by prominent venture capital firms, including Al Mada Ventures, Algebra Ventures, E3 Capital, Janngo Capital, and the Dutch Entrepreneurial Development Bank (FMO).…
The Canadian government is making a significant investment of 13.78 billion Canadian dollars ($10 billion) to enhance the capabilities of its armed forces with new aircraft and military trucks. This major procurement supports the Royal Canadian Air Force’s Future Aircrew Training (FAcT) program, which aims to modernize tactical training for airborne troops, as well as…
A major industrial packaging company has launched a dedicated automotive division aimed at enhancing supply chain sustainability. This new division is set to serve original equipment manufacturers (OEMs), first and second-tier suppliers, and third-party logistics providers, focusing on optimizing supply chains and using sustainable packaging materials to reduce clients’ carbon footprints. Leading the initiative is…
The chip sector in Asia has been experiencing a noteworthy shift, particularly following a significant rally by a leading AI and chipmaker company over the past year. Despite this upward trend, companies further down the semiconductor supply chain, including those that supply chipmaking equipment, materials, and chemicals, have lagged behind their global counterparts in recent…
In the realm of supply chain management, achieving sustainability goals has become a primary driver in the majority of procurement programs. A recent report highlights that 71% of these programs now prioritize delivering on corporate sustainability commitments—an impressive increase from previous years. Integrating sustainability practices into procurement agendas within the supply chain not only reduces…
In a landmark decision aimed at boosting operational efficiency and streamlining processes, a prominent wind turbine manufacturer has announced the consolidation of its technology and manufacturing divisions. This strategic merger is set to significantly enhance the deployment of new technologies while accelerating the pace of manufacturing ramp-ups, positioning the company for greater innovation and market…
Leading Chinese researchers are calling for increased efforts to attract foreign investment by focusing on China’s pivotal role in the Asian supply chain and leveraging Hong Kong’s strategic position to raise offshore capital. Liu Qing, deputy director of the National Academy of Development and Strategy at Renmin University of China, emphasized the importance of regional…
The Canadian government is investing C$10 million ($7.34 million U.S.) from the National Trade Corridors Fund to address supply chain congestion and modernize a key aluminum terminal at North America’s largest mineral port. This strategic move aims to bolster Canada’s trade corridors and enhance maritime operations. Minister of Transport Pablo Rodriguez emphasized the significance of…
Investments in infrastructure, technological advancements, and sustainability are being made to bolster the country’s supply chain resilience and trade flow. An executive director highlighted the global role in efficient and innovative port management, stating, “Our commitment to strengthen our capability is further demonstrated through the development of a new berth. Expanding our quay by another…
In a significant move to bolster the infrastructure for temperature-sensitive goods, a new cold chain logistics company has been established at the China (Shanghai) Pilot Free Trade Zone. This development marks a strategic effort to create a comprehensive service network that spans both nationwide and global markets. The newly formed logistics firm is dedicated to…