China’s logistics industry demonstrated robust growth in the past year, as revealed by the China Federation of Logistics and Purchasing in its recent data release. The sector’s average prosperity index increased by 3.2 percentage points from 2022, reaching 51.8 percent. In 2023, express courier companies in China handled a remarkable 132 billion parcels, securing the…
China achieved a significant milestone in its railway logistics system with the launch of the Harbin Railway Logistics Center on Monday, bringing the total count of such centers to 39 across the country. This development signifies a crucial step in advancing the railway logistics system, contributing to high-quality social and economic growth, as reported by…
In a significant development within Romania’s logistics and supply chain landscape, the country’s industrial and logistics spaces achieved a noteworthy milestone by the end of 2023. This achievement underscores the increasing importance of Romania’s logistics infrastructure. A substantial portion of these industrial and logistics spaces is strategically concentrated in key regions, including Bucharest-Ilfov, the West,…
In a landscape characterized by shifting global supply chains, Vietnam’s main ports have experienced a remarkable surge in container-based traffic. This uptrend has been fueled by the ongoing relocation of manufacturers away from China, prompted by the tariff-driven trade tensions with the United States. Recent data on Vietnam’s growing “connectivity” within the shipping sector underscores…
An agreement within the Indo-Pacific Economic Framework for Prosperity (IPEF) is poised to become effective on February 24, as revealed by the U.S. Commerce Department’s recent announcement. This significant agreement involves 14 nations belonging to the framework, which includes major economies such as Japan, the United States, and Australia. The primary objectives of this agreement…
In a noteworthy development towards sustainability and strategic growth, a Singaporean logistics company, a subsidiary of a local business group, has successfully acquired the operations of another logistics entity. This acquisition, effective from December 29, 2023, reflects the company’s commitment to fostering a greener future and diversifying its business portfolio in alignment with its growth…
In a significant development, the United States has revealed that a pivotal agreement on supply chain resilience, operating within the framework of the Indo-Pacific economic partnership, will officially take effect on February 24. This pact involves 14 partner nations, including prominent countries like India, Japan, and Australia. Gina Raimondo, the US Commerce Secretary, emphasized that…
In a significant development, European Union (EU) member countries and lawmakers have reached an agreement on rules aimed at enhancing their ability to manage supply chain crises. These rules require companies based in Europe to prioritize the production of key products to prevent disruptions akin to those seen during the COVID-19 pandemic and Russia’s Ukraine…
In a significant development, Germany’s mine-to-motor lithium supply chain is taking shape, marking a crucial step in the country’s ambitious green transition. Bitterfeld-Wolfen, once synonymous with environmental challenges due to heavy industry and mining, is now positioned to play a pivotal role in this transformation. The city is now home to Germany’s first large-scale lithium…
A groundbreaking agreement involving the United States and 13 other nations, aimed at safeguarding global supply chains, is slated to take effect on February 24, as announced today by the Commerce Department. The supply chain discussions, part of the Indo-Pacific Economic Framework, were initiated nearly two years ago with the objective of enhancing cooperation between…