In a bid to bolster supply chain resilience in vital industries such as semiconductors and batteries, the government-backed Development Bank of Japan (DBJ) is set to inject over 150 billion yen ($1 billion) into these sectors. The investments, to be spread out over two years starting from fiscal 2024, will come in the form of…
The recent completion of the Balaoi & Caunayan Wind Farm in the North Luzon region of the Philippines marks a significant milestone in the nation’s renewable energy journey. This project, comprising 18 units of 5.0-145 and 14 units of 5.0-132 wind turbines with a combined output of 160 MW, represents a crucial step towards achieving…
In a strategic move aimed at bolstering its logistical capabilities and market reach, a prominent player in the fast fashion industry has unveiled plans to establish a new operational hub in Seattle, Washington. The decision comes as part of the company’s concerted efforts to streamline fulfilment processes and expedite delivery services for its growing customer…
Amidst a wave of supply chain restructuring, executives are eyeing India, Europe, and North America as preferred production destinations over China, reveals a recent report. The findings stem from the “15th annual Emerging Markets Logistics Index” conducted by a prominent supply chain services provider. According to the survey encompassing 830 logistics executives, 40% anticipate reduced…
Recent global events, including the COVID-19 pandemic and geopolitical tensions, have severely disrupted supply chains, highlighting the urgent need for businesses to enhance their planning capabilities. However, many companies struggle with this challenge due to flawed forecasting methods, leading to delivery delays, mismatched inventory levels, and subpar financial performance. This raises questions about the effectiveness…
In a strategic move to broaden its global reach, a logistics firm, led by Marjorey Rubio, recently embarked on a visit to Ajman, Dubai. The primary objective of this initiative was to analyze the market landscape and identify opportunities to enhance support for overseas Filipino workers (OFWs) in the area. During the visit, the logistics…
In this week’s edition of Borderlands, the focus is on advancements in global supply chain security compliance and notable developments in cross-border logistics and trade. Zerio, a cloud-based compliance platform, is spearheading efforts to modernize global supply chain security compliance. Founded in 2019, Zerio offers manufacturers, importers, exporters, and carriers a comprehensive solution for implementing…
In a recent development within the supply chain industry, a spin-off from a leading semiconductor company has successfully secured $20 million in a series A funding round. The investment round was led by Magenta Venture Partners, supported by Mitsui, with additional contributions from JAL Ventures, Israel Cargo Logistics, and Sumitomo Corp. This innovative supply chain…
A prominent supply chain technology provider has recently announced its participation in a key initiative led by the U.S. Department of Commerce, focusing on fostering safe and reliable artificial intelligence (AI) technologies. This entity joins over 200 stakeholders within the AI community to contribute to the development and deployment of trustworthy AI systems. The surge…
In a significant collaboration, an energy giant in Saudi Arabia has joined forces with a leading logistics provider to establish a sustainable procurement and logistics hub within the Kingdom. This venture, named Advanced Supply Management Operations (ASMO), aims to cater to the increasing demand for efficient and eco-friendly supply chain solutions in Saudi Arabia. The…