In a bid to transform supply chain operations, a leading enterprise application software company has rolled out innovative artificial intelligence (AI) offerings tailored for the industry. The AI-driven advancements aim to empower businesses with real-time insights derived from data analytics, enabling informed decision-making throughout the supply chain lifecycle. By harnessing AI capabilities, companies can optimize…
In a significant development for the offshore wind industry, a Danish shipping and logistics group has announced plans to partner with a leading wind turbine maker to establish a nacelle factory and logistical base in South Korea. The memorandum of understanding, signed in the presence of local government officials, outlines the aim to establish a…
In commemoration of Earth Day, a coalition comprising 15 fashion and lifestyle enterprises has vowed to cease sourcing textile and packaging materials from ancient and endangered forests. These forests, untouched by industrial logging, span vast regions and harbor diverse ecosystems, including rare and endangered species. Situated in areas like Northern Canada, the Amazon Basin, and…
Recently, Hong Kong hosted a forum focused on fostering collaboration within global supply chains. This gathering attracted participants from political, business, and academic spheres across various economies. Their discussions revolved around strategies for stabilizing and optimizing industrial and supply chains while advancing sustainability goals. Acknowledging the impact of geopolitical tensions and increasing protectionism on the…
In a recent development, a report has highlighted cost and speed as the top priorities for firms engaged in the logistics business, particularly concerning last-mile delivery of goods. The Last-Mile Trends Report 2024 reveals a significant shift in priorities, indicating that while cost and satisfaction were previously paramount, the focus has now squarely shifted to…
In a series of recent discussions among industry leaders, economists, and government officials, the indispensable role of China in the global supply chain has been underscored, emphasizing the necessity of fostering closer collaboration for mutual benefit and sustainable growth. Executives across various sectors have emphasized China’s pivotal contribution, citing examples of successful partnerships that have…
In a significant step towards sustainability, a major player in the industry recently revealed impressive advancements in its supply chain’s journey towards renewable energy usage. Over 95% of its direct manufacturing expenditure is now committed to transitioning to 100% renewable energy by the year 2030. This monumental achievement reflects a substantial increase from previous years,…
Korean and Taiwanese textile industries are joining forces to bolster their global competitiveness through enhanced collaboration in the supply chain. This initiative was highlighted by the leaders of both sectors during the 18th annual Korea-Taiwan Textile Industry Conference held in Busan. At the conference, chaired by the Korea Federation of Textile Industries (KOFOTI) and the…
Artificial intelligence (AI) is revolutionizing global trade by transforming product classification and compliance processes. Importers and exporters face challenges in navigating complex regulations and matching product details with tariff codes. However, AI-powered tools are enhancing efficiency and accuracy in these critical areas. Anne van de Heetkamp, a contributor to SCB, highlights the significance of AI…
RenewableUK, alongside the Offshore Wind Industry Council, The Crown Estate, and Crown Estate Scotland, has unveiled an ambitious Industrial Growth Plan to triple manufacturing capacity in the UK offshore wind sector over the next decade. With 32,000 employees currently, the UK offshore wind industry is poised for significant growth. Each new large-scale offshore wind farm…