A Chinese group specializing in equipment for power grids has inaugurated a new logistics and innovation center in Timisoara, located in western Romania. The investment, situated at Global worth Timisoara Industrial Park I near Timisoara Airport, is set to generate over 100 job opportunities in the region. The center’s establishment aligns with Romania’s commitment to…
A recent seed extension funding round has propelled an innovative venture in the electric vehicle (EV) logistics sector, marking a significant milestone in its expansion efforts. The funding, totaling $1.6 million, was secured from a consortium of international and regional investors, including ADB Ventures, Iterative VC, FiveFortyAlpha, Third Derivative, BonBillo Fund, Bansea, and Satvik Investments.…
In a bid to address the growing need for sustainable last-mile deliveries, logistics providers worldwide are increasingly exploring cost-effective solutions. One promising trend gaining traction is the adoption of mixed electric fleets, which includes incorporating e-cargo bikes. According to Jennifer Dungs, Global Head of Mobility at EIT InnoEnergy, logistics providers are facing multiple challenges, including…
In a bid to streamline its supply chain processes, a prominent convenience retailer in Switzerland has announced its collaboration with a leading technology provider. The retailer, known for its extensive network of stores across several European countries, aims to leverage cutting-edge solutions to optimize availability, minimize waste, and enhance overall customer satisfaction. With a workforce…
The US Department of Energy (DOE) has recently allocated $750 million to support 52 projects across 24 states, aimed at advancing clean hydrogen technology and enhancing its availability in the market. This funding initiative, part of President Biden’s $1 trillion Bipartisan Infrastructure Law, underscores the government’s commitment to promoting sustainable energy solutions. These projects cover…
A recent high-level trade mission led by US Commerce Secretary Gina Raimondo has concluded with promising commitments to bolster bilateral trade and investment between the Philippines and the United States. This initiative, stemming from a commitment made by President Joe Biden to President Ferdinand Marcos, Jr., signifies a significant step towards enhancing economic cooperation between…
Amidst the challenges posed by the Red Sea crisis, members of the International Road Transport Union (IRU) Commission on Customs Affairs (CAD) have convened to discuss strategies aimed at enhancing trade and transit efficiency. At the forefront of these discussions is the growing interest in a secure transit system, which has emerged as a vital…
A group of Dutch experts is eyeing the transformation of India’s fresh produce supply chains, aiming to assist retailers in tapping into the burgeoning consumer demand both domestically and internationally. This initiative comes from the public-private collaboration known as HortiRoad2India. As the fruit and vegetable industry leaders convene in Mumbai for the annual networking event,…
In a bid to fortify global supply chains for critical minerals, the United States is intensifying its engagement with Central Asian countries. Recently, the U.S. Department of State orchestrated the inaugural meeting of the Critical Minerals Dialogue (CMD) in the C5+1 format, marking a significant stride towards fostering collaboration in this crucial sector. Led by…
A significant investment has been announced to bolster logistics infrastructure in the bustling Busan New Port, South Korea. An estimated $50 million will be injected into the development of a cutting-edge logistics center, set to enhance supply chain capabilities and streamline operations for local and regional businesses. Scheduled to kick off construction by the end…