Adhikansh Gupta - Traqo.io (Page 28)

Blockchain Supply Chain Market to Soar to $28 Billion by 2030; US and China Poised for Significant Growth

The global Blockchain Supply Chain market is projected to experience a compound annual growth rate (CAGR) of 44% from 2022 to 2030, reaching a valuation of US$28.1 billion. Platform solutions are expected to achieve a CAGR of 42.7%, while the services segment is anticipated to grow at

supply chain US

Backend firm Lingsen reportedly in Humane Ai Pin supply chain

Backend house Lingsen Precision Industries has joined the supply chain for US startup Humane's Ai Pin, as per industry sources. Source: Link html Frequently Asked Questions (FAQs) 1. What is Lingsen Precision Industries' latest involvement in the tech industry? Lingsen Precision Industries has reportedly entered the supply

supply chain US

Diageo Supply Chain Wateruse Push Echoes WTW's ESG Findings

Diageo, the leading premium drinks company, has launched an initiative to manage water-use across its global supply chain. This comes in response to increasing stakeholder prioritization of ESG principles. As part of its Sustainable Solutions program, Diageo has introduced five water-focused innovations. The company aims to reach its sustainability goals

supply chain US

US Experts Research Central Asia’s Potential in Rare Earths, Call for Global Supply Chain Diversification

The Atlantic Council's Eurasia Center and the International Tax and Investment Center (ITIC) have published a report on leveraging rare earth elements (REEs) in Central Asia to diversify global supply chains and regulate China's dominance in this field. The report highlights Kazakhstan's strong mining

supply chain US

A Majority of U.S. Companies Prefer to Get Supplies from India Over China

According to a survey by OnePoll, 61% of U.S. executive-level managers said they would prefer to get materials from India rather than China if both countries manufactured the same products. CNBC reports that 56% of participants wanted India to fulfill their supply chain needs over the next five years.

supply chain US

US Food Supply Chains 'Pose ESG Risk', Says Moodys

A global risk assessment firm, Moodys, has highlighted the existence of human rights infringements in the US food supply chain. Despite the assumption that such issues are limited to developing countries, Moodys notes that the labor conditions involved in producing food are a significant concern. The International Labour Organisation (ILO)

Logisitcs US

US logistics startup Flexport to lay off 20% of its workforce The Information By Reuters

US logistics startup Flexport is reportedly planning to lay off about 20% of its workforce in the coming weeks. The company, which has received $2.3 billion in funding and has an $8 billion valuation, had previously announced plans to lay off up to 30% of its workforce by the

supply chain India

13th Source IndiaElectronics Supply Chain

ELCINA, the Electronic Industries Association of India, has announced the commencement of the "13th Source India Electronics Supply Chain event." The event, held on January 23rd and 24th, aims to strengthen India's Electronics Manufacturing Value Chain. Industry Minister Tamilnadu Dr TRB Rajaa spoke at the conference,

supply chain India

China highrisk for supply chains, U.S. companies favouring India as a destination OnePoll Report

An increasing number of U.S. companies are considering India as a preferred choice for their supply chains, citing concerns about the risks associated with China. According to a survey, 61% of U.S. executives would choose India over China for manufacturing, and 56% prefer India for their supply chain

supply chain US

Oil prices jump, settle up 3% on strong US economy, Red Sea tensions

Oil prices rose by 3% on Thursday to reach their highest level since December due to faster-than-expected US economic growth in the last quarter and ongoing tensions in the Red Sea. Brent crude settled at $82.43 a barrel and US West Texas Intermediate crude reached $77.36 a barrel.

supply chain US

U.S. Department of Energy announces $131 million for EV battery supply chain, innovation projects

The U.S. Department of Energy (DOE) has allocated $131 million for projects aimed at advancing research and development in electric vehicle (EV) batteries and charging systems. The funding includes $71 million for 27 projects targeting clean mobility options to address EV battery supply chain concerns and improve EV range.

supply chain US

Impact of Tariffs on the Supply Chain

Harley Davidson's experience with protective tariffs shows mixed results. While tariffs imposed by President Reagan helped the company thrive and gain a 50% market share, it also had unintended consequences like higher prices for consumers. Tariffs can protect domestic companies and jobs, but they can also harm the

supply chain US

CJ Logistics America to Open New, StateoftheArt Cold Storage Warehouse in Georgia

CJ Logistics America will be opening a new cold storage warehouse in Gainesville, Georgia. The 270,000 square foot building will have advanced refrigeration systems and blast freezing technology. This expansion will allow CJ Logistics to enhance its cold storage presence in the Southeast and provide reliable logistics services to

supply chain US

ZIM Launches Service Connecting U.S., Canada and Asia

Israeli cargo shipping company ZIM has launched a new service called ZIM Pacific Northwest Xpress (ZPX). The service connects Asia, the US, and Canada via the Vancouver Gateway. ZPX began operations on January 21, starting from Cai Mep, Vietnam, and making stops in various locations before returning. The service also

supply chain India

NITI Aayog invite bids for study on IndiaChina trade deficit

Retail and consumer firms are expected to have a mixed year in 2024, with pockets of growth and challenges. HDFC Bank shares are being dragged down by concerns about their return on assets. A data breach exposed 60 million lives and violated 137 privacy laws. Adani Group firms are still

supply chain India

Maersk to Strengthen Cold Chain Logistics Footprint in India

A.P. Moller – Maersk is building a Cold Store facility in Mehsana, Gujarat, India, exclusively for HyFun Foods. The facility will provide temperature-controlled storage for frozen processed food items. It will have high standards of temperature compliance and a customised racking system. The facility will be one of India'

supply chain US

APIIC Releases Recommendations to Combat Rising U.S. Drug Shortages and Ensure Access to LifeSaving ...

A consortium of biotechnology industry leaders is calling for the formation of a public supply-chain entity to combat the rising rate of drug shortages. A whitepaper from the Active Pharmaceutical Ingredient Innovation Center outlines recommendations for reshoring the manufacture of life-saving pharmaceuticals. The report urges public and private sectors to

supply chain US

What Scotland teaches us about offshore wind supply chain development

Scotland is collaborating with the Scottish Offshore Wind Energy Council (SOWEC) and the Scottish Government to reach their goal of 11GW installed offshore wind capacity by 2030. A report commissioned by SOWEC emphasized the need for industry cooperation and coordination to achieve the necessary supply-chain growth. Arup has been working

supply chain US

OMNIQ RECEIVES $5.0M IN PURCHASE ORDERS FOR THE SUPPLY OF HARDWARE, SOFTWARE AND ...

OMNIQ Corp, a provider of AI-based solutions, has received a $5 million order from a major US Food and Drugs chain. The order includes hardware, software, IT licenses, and services to modernize and upgrade the customer's supply chain operations. The project aims to improve device tracking, maintenance, and

supply chain US

Supply chains shift to localized short chains

The US-China trade war has reshaped the global supply chain, replacing long chains with shorter, localized ones. Subscribers can now save their log-in information to avoid the repetitive task of entering their User ID and Password each time they visit a website. By checking the 'Save my User ID

supply chain US

U.S.China startup aims to grow role in Toyota parts supply chain

Multinational startup Aerlyte is seeking to expand its business with Toyota Motor by providing lightweight and strong composite materials for auto parts. The company, co-founded by US, Chinese, and European engineers, expects its technology to be used in Toyota's SUVs this year. Aerlyte's composite material is

supply chain US

Northern Tool + Equipment explores supply chain options

Northern Tool + Equipment, a mid-sized retailer, has implemented an "optionality" framework in its supply chain to enhance customer service and speed. The company has diversified its sourcing options by setting up offices in India, Vietnam, Mexico, and Taiwan. It has also reduced its reliance on imports from China

supply chain US

Brown And Ohio Municipal Electric Association Discuss Bipartisan Push To Help Prevent Power Outages By ...

U.S. Senator Sherrod Brown hosted a news conference call with Michael Beirne to discuss the bipartisan push to strengthen the U.S. transformer supply chain after the Department of Energy proposed a new rule that would rely on foreign imports. Brown introduced the Distribution Transformer Efficiency & Supply Chain

supply chain US

China is 'risky' for supply chains and India a favored destination for U.S. firms, survey shows

According to a survey, US firms are increasingly considering India as an alternative to China for their supply chains. 61% of US executives surveyed said they would pick India if both countries could manufacture the same materials, while 56% preferred India for their supply chain needs in the next five

supply chain India

IESA summit on ways to boost Indian battery manufacturing, support giga factories

The India Energy Storage Alliance (IESA) has launched its third annual India Battery Manufacturing and Supply Chain Summit (IBMSCS) in Hyderabad. The two-day event aims to promote discussions on domestic battery manufacturing and the development of a sustainable ecosystem for Indian giga factories. Industry leaders, policymakers, and experts will address