Logistics News in 60 Words - Traqo.io (Page 55)

Samsung, LG Accelerate Countermeasures against China ...

Samsung Electronics and LG Electronics plan to reduce their LCD TV panel procurement from Chinese companies next year in an effort to stabilize supply chain management and counter Chinese electronic firms. The two South Korean companies are expected to increase procurement ratios from Taiwanese companies Innolux and AUO, as well

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Vetter looks ahead to further expansions to meet supply chain demand

Vetter, a leading global Contract Development and Manufacturing Organization (CDMO), has announced additional investments to support customer partnerships. The pharmaceutical service provider is investing 230 million euros in a new production building at its headquarters in Ravensburg, Germany. The building will feature new filling lines to increase manufacturing capacity. Vetter

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Partners to unveil new supply chain model | Materials & Production ...

The International Apparel Federation (IAF) and the International Trade Centre (ITC) have partnered to develop artificial intelligence (AI) solutions for more sustainable supply chains in the textile industry. The first phase of their collaboration will focus on a joint study on reducing overproduction by postponing production closer to demand. The

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Voxx shifts production for auto products from Florida to Mexico

Voxx International is shifting its manufacturing operations to Mexico in order to improve its gross margins and reduce expenses. The company plans to lay off 63 employees at its Florida facility due to a decline in demand for its products. The ongoing United Auto Workers strike may also impact Voxx&

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Walmart pouring $350M into new dairy facility

Walmart plans to build a new milk processing facility in Valdosta, Georgia, as part of its efforts to control more of its food supply chain. The facility will process and bottle various types of milk for Walmart's Great Value and Sam's Club's Member'

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The US Inflation Reduction Act: How the EU is affected and how it ...

The US Inflation Reduction Act (IRA) came into effect in 2023, promoting clean energy production and adoption. The EU has criticized the "buy American" conditions in the IRA. The Act has sparked a debate on European industrial policy and the green transition. A joint statement from German and

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Heinrich, Luján Welcome Regional Infrast...

U.S. Senators Martin Heinrich and Ben Ray Luján have welcomed the U.S. Department of Transportation's designation of Central New Mexico as a Regional Infrastructure Accelerator (RIA) for an I-40 TradePort Corridor. The designation includes a coalition of Bernalillo County, Sandoval County, and the Village of Los

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IsraelGaza war disrupting supply chain

The Israel-Gaza conflict is impacting global supply chains, particularly at the port of Ashdod, which is the closest container port to Gaza. A recent study by S&P Global Market Intelligence highlights the supply chain implications of the conflict. The study notes that the magnitude of these implications depends

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Consumer dynamics are shifting like never before. Executives from Instacart, Atlassian, Nordstrom, and Black & Decker share their strategies

Top executives at Fortune's Most Powerful Women Summit discussed strategies for adapting to the changing business environment. The panel included leaders from companies like Atlassian, Nordstrom, Stanley Black & Decker, and Instacart. Topics covered included the adoption of AI, supply chain challenges, and navigating the surge in consumer

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Hitachi Energy aims to build India supply chain: Facchin | Mint

Hitachi Energy plans to expand its portfolio and manufacturing capacity in India to meet global energy transition needs. The company aims to focus on power grid technologies and integrate electric vehicle (EV) batteries, charging infrastructure, and green hydrogen manufacturing plants into the grid. It also intends to partner with an

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By the numbers: How retailers stack up on inventory

Many major players in the retail industry have reduced their inventories after last year's surge, resulting in improved margins. However, not all retailers saw the same success. With leaner stocks and faster supply chains, retailers hope to increase profits in a lackluster demand environment. Executives from various companies

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Protestors urge Arkansas' Tyson to commit to child labor, worker ...

Members of the Food Chain Workers Alliance protested child labor at Tyson Foods’ headquarters in Springdale. The coalition urged the company to treat workers with dignity and respect. The U.S. Department of Labor is investigating if Tyson Foods and Perdue Farms used migrant children to clean slaughterhouses. Earlier this

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Cybeats Partners with CodeSecure to Automate Software Supply ...

Cybeats Technologies and CodeSecure have partnered to help customers monitor and address software supply chain security threats. CodeSecure's CodeSentry platform will provide software bill of materials (SBOM) intelligence to Cybeats, allowing for the detection and mitigation of open-source vulnerabilities. This partnership will benefit customers in industries such as

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U.S. Department of Homeland Security Recognizes 266 Employees ...

The U.S. Department of Homeland Security (DHS) hosted an awards ceremony to honor 266 employees who made outstanding contributions to the mission. Acting Deputy Secretary of Homeland Security Kristie Canegallo officiated the ceremony. Secretary Alejandro N. Mayorkas expressed gratitude for the employees' efforts to safeguard the nation. The

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Forecast on Latin America and the Caribbean Conference ...

The U.S. Chamber's Association of American Chambers of Commerce in Latin America and the Caribbean (AACCLA) will hold its annual "Forecast on Latin America and the Caribbean" (FOLAC) conference in Washington, D.C. on October 24th. The conference aims to promote trade, economic growth, the

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5 Challenges to Seafood Traceability

Seafood is a major global food commodity, but there are serious issues with traceability in the supply chain. Exploitation of cheap labor, questionable origins, and outdated methods contribute to illegal fishing and environmental harm. Despite growing consumer concern, true traceability is still lacking. Observer coverage on fishing vessels is inadequate,

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Fresh geopolitical stress puts supply chain resilience back in the ...

Ancora Alternatives wants to replace Forward's board members and CEO to prevent the acquisition of Omni, which they blame for a drop in stock value. SC Ports aims to attract more cargo by expanding its terminal. Ocean carriers are partnering with tech vendors to digitize shipping documents, with

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Software Supply Chain Attacks Up 200%: New Sonatype Research

Software supply chain security attacks have increased by 200% in 2023 compared to the previous year, according to a report by Sonatype. The report highlights the presence of vulnerabilities in downloaded dependencies, emphasizing the need for more regulations and processes in software development. The study also explores the challenges faced

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Brown Meets with National Resilience CEO to Discuss $246 Million ...

U.S. Senator Sherrod Brown met with Rahul Singhvi, CEO of National Resilience, to discuss the $246 million loan the company received from the U.S. Department of Defense for pharmaceutical manufacturing. The loan will fund projects in Ohio, including the development and distribution of pharmaceutical products. This will help

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GSA’s IT Category Office enhancing software supply chain ...

The General Services Administration (GSA) is focusing on software supply chain management and the use of software bills of materials (SBOMs). GSA developed programs to identify supply chain risks and established the Cybersecurity Supply Chain Risk Management (C-SCRM) division to support suppliers and help agencies with their cybersecurity supply chain

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US ports by volume: How maritime cargo trends are stacking up

The Supply Chain Dive newsletter covers various topics related to logistics, operations, procurement, technology, and more. Port volumes are seen as an indicator of trade trends, with 40% of international freight value being handled by maritime gateways. Tracking monthly data can provide insights into containerized trade. The National Retail Federation

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“Local for local” strengthens our battery cell supply chain.

The BMW Group is expanding its regional supply chain for battery materials in North America to achieve efficiency, reduce CO2 emissions, and mitigate geopolitical unrest. Umicore, a Belgian company, will provide cathode active battery material to BMW's battery cell supplier AESC in South Carolina from their new plant

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Retailers Fear Major Revenue Hit, Troubled By Endless Economic ...

According to a study from Coupa, 83% of supply chain professionals in the US and UK expect supply chain disruptions to negatively impact revenue during the holiday season. Retailers anticipate an average revenue loss of 10%, potentially resulting in billions of dollars lost. Over half of retailers are already experiencing

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USDOT Strengthens Economic Supply Chain and Defense ...

The US Department of Transportation's Maritime Administration (MARAD) has announced the full enrollment of its Maritime Security Program (MSP) and Tanker Security Program (TSP). The programs provide the Department of Defense (DoD) with access to a fleet of US-flagged sustainment sealift vessels and product tankers during times of

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Sterling Launches New Aerospace Logistics Service to Expedite ...

Sterling, a Kuehne+Nagel company, has launched a global Aerospace Service to expedite urgently needed aircraft parts from a large Original Equipment Manufacturer (OEM) based in Seattle. This service will operate 24/7 from a Logistics Service Hub in Seattle with dedicated drivers and vehicles. The new shuttle service aims