In a significant development for the semiconductor industry, a South Korean chipmaker has announced plans to invest a substantial $3.9 billion in a new chip-packaging facility located in West Lafayette, Indiana. Reported by the Wall Street Journal, the forthcoming plant aims to ramp up production of high bandwidth memory crucial for artificial intelligence computing applications.…
In a bid to address the significant environmental impact of conventional farming methods, the fashion industry is increasingly turning its attention towards regenerative agriculture. Recognizing the pivotal role agriculture plays in global greenhouse gas emissions, there is a growing consensus within the supply chain community that transitioning to regenerative practices could mitigate these effects. Regenerative…
A prominent figure in global vehicle forecasting recently shared insights into the automotive industry’s sales and production outlook at a conference in Bonn, Germany. Discussing the industry’s recovery post-pandemic, the speaker highlighted the significant impact of recent disruptions on the automotive supply chain. Despite global light vehicle volumes returning to pre-pandemic levels, a surge in…
Shanghai has embarked on a new journey towards sustainability with the launch of a green, low-carbon supply chain ecosystem initiative. The initiative, unveiled at the Green Low-Carbon Supply Chain Construction Conference, marks a significant step in the city’s commitment to reducing carbon emissions and promoting environmental consciousness. At the heart of this initiative is the…
In the realm of supply chain management, achieving optimal efficiency and sustainability is a continuous pursuit for companies worldwide. Amid this quest, one prominent player in the industrial gas sector has emerged as a beacon of excellence, renowned for its meticulous approach to supply chain operations. With a global footprint spanning over 40 countries, this…
As the UK prepares for the upcoming General Election, the Chartered Institute of Logistics and Transport (CILT(UK)) is actively pushing for advancements in rail freight. Despite the election date remaining unset, the industry body is proactively shaping the direction of the election manifesto, regardless of the incoming government. A significant portion of their manifesto requests…
Retail supply chains have long been lauded for their efficiency and customer-centric approach. By understanding customer needs, driving innovation, and prioritizing safety and sustainability, retailers have set a high standard in logistics management. Jessica Ellery, director of infrastructure at a leading logistics company, highlights the parallels between retail and construction supply chains and suggests how…
Discover how innovative cold chain solutions are reshaping the pharmaceutical industry towards sustainability, reducing reliance on air transport and decreasing greenhouse gas emissions along the supply chain journey. Amidst tightening regulations on environmental, social, and governance (ESG) standards worldwide, pharmaceutical companies are rapidly transforming their value chains to prioritize sustainability. Leading firms in the pharma…
China’s logistics sector has demonstrated stable performance in the first quarter of this year, driven by accelerated industrial production and increased transport demand, according to a recent industry report. The index monitoring the country’s logistics market exhibited positive growth, standing at 51.5 percent in March, marking a significant increase of 4.4 percentage points from the…
Manufacturers worldwide reported further improvement to supply chains in March, indicating a gradual alleviation of disruptions caused by recent global events. The Global Manufacturing PMI, sponsored by JPMorgan and compiled by S&P Global, revealed that the time taken for factories to receive goods from their suppliers shortened on average during the month. The slight improvement…