Senator James Lankford and five other U.S. Senators have introduced the Critical Minerals Security Act to reduce U.S. dependence on China for critical minerals. The act aims to evaluate global supply and ownership of critical minerals, assist U.S. companies looking to divest operations in foreign countries, and

In 2023, large corporations in the developed world had a good year, selling off stock accumulated during the pandemic at increased prices. This led to inflated prices for consumer goods, causing difficulties for ordinary people fighting inflation. Looking ahead to 2024, experts predict shortages of food, energy, and other goods,

Lockheed Martin, a major U.S. defense contractor, has forecasted lower profits for 2024 due to supply chain disruptions in its aeronautics segment that produces F-35 jets. The company experienced a decline in net sales from the F-35 program in the fourth quarter of 2023. Despite an increase in orders

The global supply chain analytics market is projected to grow from USD 5.2 billion in 2022 to USD 13.5 billion by 2027, with a CAGR of 21.0% during the forecast period. Supply chain analytics can improve the productivity and efficiency of a company's supply chains.

The US is facing a growing demand for lithium, particularly for electric vehicles and specialized batteries, but the country lacks secure supplies of the mineral. Current policies, such as regulations from the Inflation Reduction Act, are hampering the development of supply chains and hurting the demand for electric vehicles. The

Recent missile attacks on ships in the Red Sea have caused disruptions to global supply chains. These attacks, carried out by Houthi rebels in Yemen, have led to a halving of container traffic through the Red Sea, forcing some freight to re-route and increasing journey times. Container freight rates have

Market.us reports that the global Supply Chain Digital Twin Market is projected to reach USD 8.7 billion by 2033, with a CAGR of 12.0% from 2024 to 2033. Supply Chain Digital Twin is a virtual replica of a physical supply chain, created using real-time data and advanced

U.S. Senator Todd Young has introduced the Distribution Transformer Efficiency & Supply Chain Reliability Act of 2024, along with a bipartisan group of senators, to strengthen the U.S. transformer supply chain. The legislation aims to set realistic energy efficiency standards for transformers, stabilize domestic manufacturing, and avoid disruptions

Florida's system of seaports has played a crucial role in supporting the increasing shift to online shopping. While California's seaports struggled with backlogs, Florida's seaports stepped in and saw immediate success, with a record high of 112.5 million tons of cargo received in

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Recent attacks on shipping in the Red Sea have disrupted global supply chains, leading to delays and increased costs for goods. Businesses in Ireland are experiencing delayed delivery windows and are temporarily suspending shipments through the region. This highlights the need for organizations to diversify their supply chains and mitigate

Nowports, the largest Latin American digital freight forwarder, aims to provide comprehensive supply chain services for medium and large enterprises connected to Latin America. With the rise of nearshoring, U.S. companies are moving their manufacturing from Asia and other distant regions to Latin American countries, particularly Mexico. Nowports helps

Senators Todd Young (R-Ind.), John Cornyn (R-Texas), Mark Warner (D-Va.), Angus King (I-Maine), and James Lankford (R-Okla.) introduced the Critical Minerals Security Act. The legislation aims to secure U.S. access to critical mineral supply chains and counter Chinese industry dominance. It would evaluate global supply and ownership of critical

Quantum Research Sciences (QRS) has been awarded a $2.5 million, three-year Phase III Small Business Technology Transfer (STTR) contract from the U.S. Air Force. QRS employed quantum computers to enhance supply chain inventory management, predicting demand for military inventory with a 28% improvement in accuracy. The software provides

U.S. Senators Ted Cruz and Sherrod Brown have introduced the Distribution Transformer Efficiency & Supply Chain Reliability Act of 2024. The legislation aims to prevent the Department of Energy's proposed rule that would require a shift from grain oriented electrical steel (GOES) cores to amorphous cores in

As many developed countries promote nearshoring and friendshoring, China is focusing on enhancing its high-tech self-reliance and industry security. China's lower inflation, interest rates, and cost advantages make it an attractive option for companies affected by high tariffs. Lower interest rates also encourage manufacturing investment and technological advancements.

Major pharmaceutical companies are investing in reshoring and nearshoring efforts to address ongoing supply chain challenges and geopolitical uncertainties. GSK plans to invest £200m in its UK manufacturing operations, including a £67m upgrade to its Montrose site in Scotland. Boehringer Ingelheim is also expanding its plant in Greece with a