The industrial chocolate sector is experiencing robust growth, buoyed by an increasing emphasis on logistics optimization and efficiency in supply chain management. Analysts forecast a substantial surge in industrial chocolate sales, projected to reach a remarkable USD 97 billion by 2033, with a steady compound annual growth rate (CAGR) of 4.5% over the next decade.…
In a move to fortify global supply chains with essential resources, Canada and Australia have announced a groundbreaking collaboration to strengthen their foothold in the critical minerals sector. This partnership, highlighted in a joint statement issued on Monday, underscores the shared commitment of both nations towards advancing the extraction, processing, and refining of vital minerals.…
A new state-of-the-art e-commerce logistics center has been launched in Ethiopia, boasting an investment of US$55 million, according to reports from ENA. This initiative showcases Ethiopia’s commitment to modernizing its logistics infrastructure to remain competitive internationally. With a global trend towards digital marketing and a decline in traditional freight transport, there’s a rising demand for…
A strategic investment of $2.5 billion has been announced to establish a new solar manufacturing hub in Cartersville, Georgia, aiming to diversify the global solar supply chain by localizing ingot, wafer, and cell production within the United States by 2024. This initiative directly challenges the dominance of certain countries in the sector, historically maintaining a…
US Treasury Secretary Janet Yellen emphasized the importance of robust relations between the United States and Chile, particularly in the context of advancing goals related to climate and energy. Yellen’s remarks followed her visit to a lithium processing facility in Antofagasta, Chile, underscoring the significance of Chile as a key player in the electric vehicle…
In a recent diplomatic move, Ghulam Qadir, Commercial Counsellor of the Embassy of Pakistan in China, led a delegation to Beijing to explore potential partnerships with TDD E-commerce Company, a subsidiary of IBI Guolian. This initiative marks a significant stride towards the joint development of a digital trading platform tailored specifically for the chemical industry.…
A newly inaugurated logistics center in Xi’an is set to fortify trade links between China and Kazakhstan, as well as enhance connectivity with Central Asia and Europe. This significant project, established in partnership with Kazakhstan, features a terminal at the dry port of Xi’an with a capacity exceeding 66.5 thousand tons of DFE (twenty-foot equivalent)…
According to data from the China Federation of Logistics and Purchasing, China’s import logistics sector demonstrated robust expansion throughout 2023. The total value of import logistics in the country reached 18 trillion yuan (approximately $2.53 trillion) last year, marking a significant 13 percent increase compared to the previous year. Notably, each quarter saw growth rates…
A London-based platform dedicated to decarbonizing food supply chains has successfully raised £3.6m in pre-Series A funding, marking a significant milestone in the quest for sustainable practices within the industry. Established in 2020, the platform offers innovative software solutions aimed at recording, monitoring, and sharing environmental data throughout the food supply chain. Using advanced AI…
A collaboration has been formed between Australian minerals company, a Japanese manufacturer, and the Australian arm of a Japanese resources and energy company to create an integrated manufacturing supply chain for vanadium flow batteries in north Queensland. The agreement entails the development of a comprehensive supply chain spanning from mining to energy storage for vanadium…