A significant milestone has been reached in the logistics automation sector with the announcement of a substantial contract agreement valued at 20 billion won ($14.96 million) to supply a cutting-edge logistics automation system to a prominent battery materials producer. The contract, finalized in January, marks a pivotal step towards enhancing operational efficiency within the battery…
Renowned figures in the Indian logistics industry were celebrated for their lifetime achievements at a prestigious event hosted by the STAT Trade Times. Mr. R K Patra, Founder & Editor-in-Chief of STAT Media Group, extended his gratitude for the honor bestowed upon them, acknowledging the evolution of the industry over the years. Reflecting on the…
In today’s intricate world of supply chains, achieving transparency from source to consumer has become paramount for businesses seeking operational efficiency and customer satisfaction. Supply chain visibility (SCV) is the cornerstone of this endeavor, offering companies a comprehensive view of their product journey, encompassing procurement, manufacturing, and distribution. However, attaining SCV is no simple task.…
At the International Federation of Freight Forwarders Associations (FIATA) RAME field meeting and conference, discussions centered on strategies for enhancing the resilience of supply chain ecosystems amidst geopolitical disruptions. Under the theme ‘Connectivity, Resilience, and Sustainability in Global Supply Chains and Trade’, the two-day event addressed trade disruptions due to geopolitical issues and explored strategies…
A historic multinational agreement aimed at bolstering supply chain resilience in the Indo-Pacific region was announced on Saturday, February 24, as reported by Kyodo News. Led by the United States, Japan, and several Indo-Pacific nations, the agreement is designed to facilitate mutual assistance in the event of natural disasters and other international crises, including the…
A significant development has emerged in the realm of supply chain logistics, with a major retailer expanding its operations into overland transportation under a newly established brand. The expansion sees the creation of a dedicated unit, aimed at organizing and coordinating inland transport operations from a strategic seaport location. This move aims to bolster supply…
A significant development has emerged in the realm of supply chain logistics, with a major retailer expanding its operations into overland transportation under a newly established brand. The expansion sees the creation of a dedicated unit, aimed at organizing and coordinating inland transport operations from a strategic seaport location. This move aims to bolster supply…
Oneida County in New York has been granted $23.6 million for the development of a semiconductor supply chain campus at the shovel-ready 332-acre Griffiss ‘Triangle’. This initiative aims to establish the site as a premier location for semiconductor supply chain activities. The FAST NY grant program awarded funding to seven shovel-ready sites, with Griffiss receiving…
Recent tensions in the Red Sea have sparked a global logistics crisis, causing shipping freight charges from various regions to surge dramatically. The conflict, particularly affecting trade routes to Western Europe and the United States, has led many shipping companies to reconsider their routes and seek alternative options. The China-Europe freight railway has emerged as…
A logistics solutions provider based in California has revealed plans to extend its services into Southeast Asia. The move is geared towards enhancing the efficiency and effectiveness of time-critical shipments, with a focus on speed, safety, accuracy, and sustainability. The expansion will see the company deepen its involvement in supporting the semiconductor industry, particularly aiding…