Adhikansh Gupta - Traqo.io (Page 15)

Addverb Announces Partnership with DHL Supply Chain in North America

Addverb, a global robotics and warehouse automation leader, partners with DHL Supply Chain in North America to deploy 52 sorting robots and software at a Columbus facility. The robots, powered by Addverb's software, increase throughput by more than 300%. The partnership improves sorting rates, accuracy, and efficiency, with

supply chain US

US Chip Supply 'Too Concentrated' Globally, Raimondo Says

The US aims to help the Philippines double its semiconductor facilities to diversify the global chip supply chain, stated Commerce Secretary Gina Raimondo in a business forum. US companies are investing over $1 billion in the Philippines. Raimondo encourages countries in Southeast Asia to boost investment in chipmaking. The Biden

supply chain US

US ‘all in’ on Philippine chip sector as China tensions ramp up

The United States is focusing on the Philippines' semiconductor sector to diversify the global chip supply chain amid tensions with China. Commerce Secretary Gina Raimondo announced a $1 billion investment from American companies in solar energy, electric vehicles, and digitization. The U.S. delegation aims for semiconductor expansion in

supply chain US

Hydrochloric Acid Prices Surge in Europe and US Amidst Supply Chain Disruptions

In February 2024, the Hydrochloric Acid (HCl) market in Germany witnessed a 10.1% price increase, driven by manufacturing cost spikes, logistics issues, and inflation. Similar trends were seen in the US, UK, and France, with HCl prices rising due to raw material costs and transportation charges. Despite challenges, the

supply chain US

RTR: Exclusive: Investors push Zara owner Inditex to publish full supply chain

Investors are pressuring Zara owner Inditex to disclose its full list of suppliers like rivals H&M and Primark. Regulators and investors want more transparency and disclosure from clothing retailers to ensure no forced labor or low wages in supply chains. Chinese fashion group Shein faces scrutiny over supply

supply chain US

U.S. Navy Pulls Together $9 Billion to Invest in Submarine Supply Chain

The U.S. Navy is investing billions in strengthening American companies building submarine components for the Columbia-class ballistic missile submarine due to construction delays. The FY2025 budget cuts R&D spending, decommissions ships, and invests $8.8 billion into the industrial base. Pentagon admits the first Columbia-class is on

supply chain US

Biden Budget For 2025 Fiscal Year Pours Billions Into U.S. Supply Chain Infrastructure

The Biden-Harris administration has proposed a $109 billion budget for the Department of Transportation, with a focus on improving aging infrastructure, including bridges and freeways. The budget includes funds to repair bridges, boost capacity at ports, and improve climate sustainability in shipping operations. Transportation Secretary Buttigieg emphasized the budget'

supply chain US

The US Southeast is getting its first EV battery supply chain project

Japan's UBE Corporation will invest $500 million to build an EV battery chemicals factory in Louisiana, creating jobs and reducing reliance on Chinese imports. The factory will produce ingredients for lithium-ion batteries, enhancing battery life and driving range. UBE's environmentally friendly process will establish a US

supply chain India

India's rice trade at risk in Red Sea attacks

India's lucrative rice trade is at risk due to repeated attacks by Iran-backed Houthi rebels on ships in the Red Sea since November 2023. This threatens India's basmati rice exports worth USD$3.97 billion. India is concerned about the impact on global supply chains and

supply chain India

India's semiconductor quest amid geopolitical dynamics

Semiconductor chips are becoming critical assets in global geopolitics, likened to the new oil. Dominated by US, Taiwan, South Korea, Japan, and the Netherlands, the industry holds potential for trillions of dollars by 2030. India aims to build semiconductor capabilities to advance in global power hierarchy. The US controls key

supply chain India

TVS SCS expands warehouse footprint in India by adding 6.5 lakh sq. ft. of ultramodern warehousing space in Hosur

TVS Supply Chain Solutions Limited announced the expansion of its warehousing capacity in India by adding 6,50,000 sq. ft. of ultra-modern multi-client warehouse space in Hosur, Tamil Nadu. The facility was inaugurated by top executives last Thursday. This expansion created 1200 new jobs and increased the organization'

supply chain India

Siddhartha Sanyal on significance of IndiaEFTA deal

Swiss Secretary praises India as a manufacturing and service hub. UK team returns to London after Round 14 of FTA talks with India. India's trade pact with EFTA will lower prices of Swiss watches and chocolates. For more updates, download The Economic Times News App and subscribe to

supply chain India

'You reap what you sow': DIGITIMES VP on Indian market's opportunities and challenges

Tech companies like Apple are considering India as a potential destination for their supply chains amid US-China tensions. India's promising economic growth and demographic distribution are attracting more brands to the country. In other news, subscribers can save their log-in information on websites to avoid entering it each

supply chain India

Navigating FMCG supply chain disruptions in India: Lessons learned and future strategies

The BPC sector in India has evolved to address supply chain disruptions with agility, digital transformation, and risk management. Companies must prioritize technology adoption, data-driven decision-making, sustainability, collaborative networks, and continuous skill development for future success. Embracing these strategies will be crucial for navigating challenges in the evolving market environment.

supply chain US

Three U.S. Nitrogen Gas Manufacturers Bar Products From Use in Executions

Three major medical-grade nitrogen gas manufacturers in the U.S. have prohibited their products from being used in executions following Alabama's use of nitrogen hypoxia in a recent execution. Led by Airgas, these companies have implemented mechanisms to prevent their cylinders from being used in death penalty states.

supply chain US

USTR explores trade policy for boosting supply chain resilience just

The USTR is soliciting input to develop trade and investment policies that enhance supply chain resilience. This initiative aims to provide multiple sourcing options, adapt quickly to shocks, uphold labor rights and environmental protections, and strengthen US manufacturing and workforce. President Biden highlighted the importance of this work during a

supply chain US

The planning for potential Trump win, new China trade war and tariffs, has begun in the global supply chain

Global logistics companies are preparing for a potential Trump win in November and devising strategies to mitigate additional tariffs. Trump has threatened higher tariffs on Chinese goods if re-elected, and the trade war against China is expected to continue under Biden. The Trump administration imposed tariffs unilaterally, without Congressional approval,

supply chain US

USTR Seeks Public Comment on Promoting Supply Chain Resilience

On March 7, 2024, the USTR announced a Request for Comments on Promoting Supply Chain Resilience to gather input on policy initiatives supporting domestic manufacturing and services. The notice seeks feedback on sector-specific policy tools, strengthening domestic manufacturing, and collaborating with trading partners. Comments are due by April 22, 2024,

supply chain US

Higgins introduces legislation to protect homeowners, address electric grid supply chain issues American Press ...

Congressman Higgins and Senator Rubio have introduced legislation to prioritize domestic manufacturing of critical energy grid components like transformers and reduce reliance on overseas products. The shortage of distribution transformers has caused delays in the housing industry. The legislation establishes an energy grid product manufacturing loan program through the U.

supply chain US

DOD Looks to Establish 'MinetoMagnet' Supply Chain for Rare Earth Materials

The Defense Department is working to establish domestic supply chains for rare earth materials, essential for U.S. military weapons systems including the F-35 Lightning II aircraft, submarines, and unmanned aerial vehicles. More than $439 million has been awarded since 2020 for this purpose. The goal is to have a

supply chain US

Economic selfreliance is a dangerous delusion

Governments and companies worldwide are prioritizing reducing supply chains and promoting domestic production post-COVID and Ukraine war. President Biden aims to boost U.S. economic self-reliance through new legislation supporting domestic manufacturing. The concept of “friend-shoring” is also gaining traction. Subscription to quality journalism is vital in the current information

Logisitcs US

US Gaza pier coming to Cyprus as logistics vessel on its way from Virginia In

The U.S. Army has dispatched a ship to send humanitarian aid to Gaza, following President Joe Biden's pledge to build a temporary pier to supply the besieged enclave. The General Frank S. Besson left Joint Base Langley-Eustis with equipment to establish the pier. This comes after warnings

supply chain India

TVS Supply Chain Solutions expands warehouse footprint in TN; to create 1,200 jobs

Beauty wellness brand Dr.Rashel opens its first store in Mumbai, while Bata launches its 500th franchise store in India. The FMCG sector is expected to have subdued growth until September quarter of 2024. TVS Supply Chain Solutions expands warehouse footprint in Chennai, adding 6.50 lakh sq. ft. The

supply chain India

Fashion's cotton supply chain is broken. Will brands agree to fix it?

Amsterdam-based Sourcery launches a new Impact and Assurance Programme aiming to revolutionize the cotton supply chain. The blockchain platform allows cotton growers to track and share farm-level data, ensuring transparency and incentives for sustainable practices. This could potentially disrupt the global commodity trading system and empower farmers. The initiative has

supply chain US

Eximbank signs MOU with US Department of Energy

Export-Import Bank of Korea (Eximbank) signed an MOU with the U.S. Department of Energy for cooperation in supply chains and eco-friendly energy. This marks the first time Eximbank has signed an MOU with a U.S. department. The agreement aims to promote collaboration in eco-friendly energy sectors to achieve