In response to the growing risks associated with supply chains, South Korea is taking significant steps to bolster the management of essential items vital to major industries and daily life. The Ministry of Economy and Finance announced the establishment of a comprehensive government-wide commission dedicated to supply chain management. This move is part of South…
The road logistics price index in China witnessed a year-on-year increase of 0.44 percent in November, according to industry data. The index, which stood at 103.8 last month, was determined through a collaborative survey conducted by the China Federation of Logistics and Purchasing and the Guangdong Lin’an Logistics Group. Notably, the sub-index for full-truckload logistics,…
Efficient site logistics are pivotal to the success of construction projects, ensuring not only enhanced efficiency but also bolstered safety measures. Yet, many companies have yet to fully explore the depths of possibilities within site logistics. This untapped potential presents a significant opportunity for improvement, and technology is poised to be the catalyst for this…
In the era of digital transformation, a groundbreaking technology has emerged, making its mark across a wide array of industries. This technological marvel, known as blockchain, the underlying foundation of Bitcoin, is poised to revolutionize conventional practices. While it initially gained prominence in the financial sector, blockchain technology boasts potential far beyond just supporting cryptocurrencies.…
In today’s rapidly evolving business landscape, the adoption of innovation has become an indispensable facet of supply chain management, ensuring companies remain competitive and resilient in the face of changing market dynamics. While tech giants such as Apple and Amazon have long been champions of innovation, companies in more “traditional” sectors are increasingly recognizing the…
In a noteworthy development, major Chinese automakers are intensifying their efforts to secure a domestic supply of semiconductors. This move comes as Beijing aims to establish a resilient supply chain that is less vulnerable to U.S. trade restrictions. Great Wall Motor, among others, has announced a significant breakthrough in producing power semiconductors, which plays a…
A recent McKinsey report indicates that, after years of shallow and fragmented supplier relationships, the clothing industry is now adopting a more strategic approach to its suppliers. Historically, the apparel sector has been characterized by a lack of supplier collaboration and limited long-term strategic partnerships, particularly in comparison to other industries. This was due to…
In a noteworthy development, Korea and the European Union (EU) have affirmed their commitment to enhancing collaboration in critical areas such as batteries, semiconductors, and advanced industries. This decision follows an announcement by Seoul’s industry ministry during the inaugural meeting of the supply chain and industrial policy dialogue, conducted via teleconference. The meeting, attended by…
New Jersey’s offshore wind industry is set to receive a substantial boost as Attentive Energy, a company proposing an offshore wind farm in the state, commits to investing $10.6 million in projects aimed at nurturing the industry’s supply chain and supporting ocean-based technology startups. Attentive Energy is among the four projects recently proposed in New…