Logistics News in 60 Words

Centre Wants Electronic Component Makers To Ensure Nation's Security Interests: IT Secy

Union IT Secretary S Krishnan emphasized the importance of ensuring national security interests by electronic component manufacturers while starting new projects. He highlighted the significance of cyber security and resilient supply chains in a lecture organized by Madras School of Economics and SICCI. Krishnan also discussed the need to address

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Eye on China, govt aims to double electronics value addition to 40%

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Read This Before Judging Cheetah Net Supply Chain Service Inc.'s (NASDAQ:CTNT) ROE

Many investors are learning about Return On Equity (ROE) for stock analysis. ROE assesses how effectively a company generates returns on shareholder investments. Cheetah Net Supply Chain Service Inc. has a ROE of 1.9%, below the industry average of 13%. With a debt to equity ratio of 0.37,

supply chain India

From Red Sea unrest to supply chain disruptions and fuel inflation

India's liners are opting for leased containers over their own due to rising cost pressures and logistical challenges from the Red Sea crisis. Despite reasonable storage fees in India, liners are making this shift, highlighting the impact of the crisis. Stay updated on energy sector news with ETEnergyworld

supply chain India

Apple Expands in China Despite Supply Chain Shifts in India and Southeast Asia

Amid rising geopolitical tensions, Apple is expanding its manufacturing base into Southeast Asia and India while deepening ties with China. Despite reducing suppliers from other regions, Apple is increasingly relying on Chinese companies. CEO Tim Cook's recent visits to China and other Asian countries underscore the importance of

supply chain India

SkyDrive appoints Adam Hollis as GM of AirMobility supply chain management department

SkyDrive appointed Adam Hollis as general manager of air mobility supply chain management. Hollis, previously with Rolls-Royce, has 15+ years of experience in supply chain, manufacturing engineering, and quality management in Asia. He is expected to accelerate product development at SkyDrive. This announcement was made by SkyDrive. Hollis's

supply chain India

Apple fortifies supply chain in China while increasing presence in India and Southeast Asia

Apple is diversifying its supply chain across China, India, and Southeast Asia to mitigate risks and expand into new markets. This strategic approach aims to balance investments in different regions and reduce dependence on China, potentially protecting production capabilities. However, challenges remain, and achieving this international balance may take years.

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Nextracker and JENNMAR Subsidiary JM Steel Bolster U.S. Supply Chain with New Facility Expansion to Triple ...

JENNMAR Holdings subsidiary JM Steel in Pittsburgh has expanded its manufacturing lines dedicated to Nextracker to achieve 4 GW of capacity, revitalizing American manufacturing. This growth capital investment in the U.S. solar industry has exceeded $100 million over the last four years. This expansion created 60 new manufacturing jobs

supply chain US

Honda invests billions in EV supply chain in Canada

Honda is investing US$11 billion in an electric vehicle (EV) supply chain in Canada to create a fully integrated vertical supply chain for EV production. The investment aims to manufacture 240,000 electric vehicles by 2028 and create over 1,000 jobs in Ontario. Honda plans to electrify its

supply chain US

'Supply chain diplomacy' suggested for US, China Chinadaily.com.cn

Global experts are calling for a new "supply chain diplomacy" between the US and China to address severe shortages caused by the COVID-19 pandemic and geopolitical tensions. Professor John Kent suggests working collaboratively on supply chains to prevent inflation and reduce the risk of military conflicts. Despite tariffs

supply chain US

What Hacking the Planet Taught Us About Defending Supply Chain Attacks [BlackBerry @RSA]

At RSA 2024, top cybersecurity experts will discuss strategies to defend against software supply chain attacks and the use of AI-powered tools by threat actors. Ismael Valenzuela of BlackBerry and Douglas McKee of SonicWall will provide insights on proactive defense measures. Attendees can also explore AI-based tools at the BlackBerry

supply chain US

Nextracker and JENNMAR Subsidiary JM Steel Bolster U.S. Supply Chain with New Facility Expansion to Triple ...

Nextracker and JENNMAR subsidiary JM Steel have expanded a facility in Pittsburgh, tripling capacity for solar energy projects. The refurbished factory now produces steel components for solar energy, creating jobs and supporting the U.S. solar industry growth. This partnership aims to advance clean energy and American manufacturing, demonstrating a

supply chain US

A Way Forward in the IndiaUS Critical Minerals Defense Partnership

India faces risks from China's dominance in critical minerals supply chains, threatening its defense sector. To de-risk these supply chains, India should create a multilateral knowledge bank, promote technical cooperation, and improve financing mechanisms. The US and other partners can help India strengthen its defense capabilities and indigenized

supply chain US

China's EV supply chain dominance risks 'collapse' of US subsidies, warns South Korea

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'Supply chain diplomacy' suggested for U.S., China

Experts believe interconnection, rather than decoupling, is crucial to reduce the risk of conflict between the U.S. and China. The supply chains between the two countries play a key role in reducing inflation and supporting commerce and must be managed transparently. Despite challenges from the COVID-19 pandemic and geopolitical

supply chain US

Apple Strengthens Supply Chain in China While Growing Presence in Southeast Asia and India

Apple is increasing its involvement in China while expanding production in Southeast Asia and India. The company reduced its reliance on suppliers from Taiwan, the U.S., Japan, and South Korea. Despite tensions between the U.S. and China, Apple's ties with China are deepening. The company'

supply chain India

CONCOR signs MoU with PSA MESA for endtoend logistics offering

CONCOR and PSA MESA have signed a MoU in April 2024 to collaborate and offer seamless logistics services. The partnership aims to enhance ease of doing business and support India's national logistics transformation. CONCOR is a leading logistics provider with a presence in over 60 container terminals, while

supply chain India

Stormy weather disrupts Middle East supply chains network

Unusual weather in the Persian Gulf region has caused significant disruptions for ocean and air freight stakeholders, with cargo delays at ports and berthing delays due to extreme weather conditions. Dubai Airport experienced widespread flight cancellations and diversions. Air freight operations are slowly returning to normal, but backlogs may push

supply chain India

Amid India’s chip push, Taiwan flags talent gaps, high import tariff

Taiwan's Minister of Foreign Affairs, Joseph Wu, highlighted challenges hindering Taiwanese chip companies from investing in India. He mentioned administrative hurdles, lack of experienced engineers, high tariffs on imports, and inadequate infrastructure. Wu emphasized the importance of a free trade agreement with Taiwan to facilitate semiconductor supply chain

supply chain India

Apple increases the Chinese brands in its supply chain

Apple is diversifying its supply chain away from China due to political tensions and rising costs. While adding new Chinese brands to its list, Apple is also increasing its reliance on suppliers in India and Vietnam. This shift promises to create millions of jobs outside of China. Despite this, China

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Why underinvestment in exChina anode supply chains could make graphite exception to new FEOC rules

The US Department of Energy proposed rules that would designate companies operating in China as foreign entities of concern (FEOC), affecting access to tax credits for EVs. Anode material imports from China have increased significantly, but US battery producers may struggle to find alternative suppliers before 2027. Major players in

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Capital Group: Is China still relevant in the global supply chain?

Globalisation is regressing, impacting China's future on the global stage. The trend of global interconnectedness plateaued post-financial crisis, with signs of reversal due to the pandemic and shifting trade dynamics. India and Mexico emerge as potential recipients of manufacturing shifts away from China, each with unique advantages and

supply chain US

Israel, Ukraine aid package to increase pressure on aerospace and defense…

Vertical focuses on specific verticals within the supply chain, highlighting trends and news. This month, the focus is on the aerospace and defense supply chain. Global conflict is driving defense manufacturing, which faces challenges like talent shortages and raw material sourcing issues. Recent foreign aid bills passed by the U.

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Battery supplychain development in Western countries faces shortterm headwinds: Albemarle

Albemarle's Kevin Chan discussed the challenges facing the Western battery supply chain at a conference in South Korea. The IRA tax credits in the US are positively impacting revenue in the lithium-ion battery sector. Geopolitical conflicts and labor shortages in the West are causing delays and higher costs

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China's kingofthehill status shaky as offshore exploration diversifies rare earth supply chain

Countries like Australia, the United States, and Myanmar are increasing their rare earth mineral production, reducing reliance on China. China's export restrictions have led to a global diversification of supply chains. The demand for rare earth minerals is expected to continue to grow, with potential environmental concerns being