In a significant development, recent data unveils a notable shift in China’s export destinations, with Southeast Asia surpassing the United States as the primary recipient of Chinese exports for the first time last year. These figures, released on Friday, underscore the ongoing recalibration of global trade dynamics amid the evolving economic relationship between Washington and…
In a significant development, the latest analysis of the Logistics Managers Index indicates remarkable stability in the global supply chain, nearly four years after the COVID-19 pandemic disrupted it. The logistics industry is displaying signs of robustness, as highlighted by Arizona State University W.P. Carey professor Dale Rogers during a recent discussion on PBS’ “Arizona…
In a testament to the flourishing state of China’s e-commerce logistics sector, the e-commerce logistics index surged by 4.2 points year on year in 2023, indicating the steady expansion of the industry, as reported by the China Federation of Logistics and Purchasing. The annual average of the index reached an impressive 110.1 points in the…
In a testament to the unstoppable growth of logistics real estate, the sector continues to experience unprecedented momentum as demand consistently outpaces supply, even with a surge in new construction projects. The latest quarterly analysis by Proprius reveals remarkable figures, showcasing the resilience and expansion of logistics properties. In the third quarter of 2023 alone,…
In the midst of persistent Sino-U.S. trade tensions and a growing need to divert Foreign Direct Investment (FDI) away from China, Southeast Asian economies find themselves in a promising position, offering a unique perspective into the evolving landscape of the tech supply chain. The protracted U.S.-China trade tensions have evolved into a race for technological…
In the ever-evolving landscape of global supply chains, the past decade has been marked by significant disruptions, including trade conflicts, pandemics, and geopolitical tensions. As we navigate the complexities of 2024, characterized by new industrial and environmental policies and potential labor actions, the need for supply chain resilience becomes increasingly paramount. The pressing question arises:…
In a groundbreaking shift, half of the leaders in the supply chain industry are gearing up to embrace Generative Artificial Intelligence (GenAI) within the next year, with an additional 14% already in the implementation phase, as indicated by a recent survey conducted by Gartner. The survey, part of Gartner’s Supply Chain Practice report published on…
In a comprehensive review, the International Centre for Trade Transparency and Monitoring investigates the pivotal role of two recent legislative acts in reshaping the landscape of critical raw materials within the global supply chain. Louise Woods and Elena Guillet from Vinson & Elkins LLP, an esteemed international law firm, analyze the far-reaching impact of the…
In the realm of international trade dynamics, heightened demand during the festive season propelled December air cargo rates to a noteworthy upswing. Despite the unexpected surge in activity, Xeneta’s Clive Data Services maintains a steadfast 2024 outlook, projecting a modest 1-2% surge in demand. The surge in demand orchestrated a commendable 6% month-over-month escalation in…
In a significant development aimed at bolstering the operational capabilities of the Canadian Armed Forces (CAF), the Canadian government has announced that General Dynamics Land Systems-Canada has been selected as the preferred bidder for the highly anticipated Logistics Vehicle Modernization (LVM) program. This crucial initiative seeks to upgrade the CAF’s existing fleet of logistics vehicles…