Logistics News in 60 Words

Study one step ahead in logistics game

supply chain India

Koreaan automakers Hyundai, Kia to localize production of LFP batteries for India EVs

Hyundai Motor and Kia Corporation signed a Memorandum of Understanding with Exide Energy Solutions to localize EV battery production in India, focusing on lithium-iron-phosphate cells. The move supports both carmakers' EV plans for the Indian market by enabling them to source locally-manufactured batteries. President Heui Won Yang emphasized the

supply chain India

Tata Group To Buy Pegatron's iPhone Plant In India; Check Details Here

Apple supplier Pegatron is in talks to transfer control of its iPhone production facility in India to Tata Group. This move represents a shift in Pegatron's partnership with Apple and highlights Apple's evolving supply chain strategy. Tata Group is planning to acquire a majority stake in

supply chain US

US agency debuts startup program in Taiwan

The US National Science Foundation is launching a program to connect US start-ups with Taiwanese peers in tech sectors like semiconductors and AI. This initiative aims to foster strategic partnerships and boost innovation. Taiwan plays a key role in the technology supply chain and is a focus for the NSF&

supply chain US

Biden to give Taiwan’s TSMC $6.6 billion to ramp up US chip production Boston News, Weather, Sports

The US government will provide $6.6 billion to Taiwan Semiconductor Manufacturing Company (TSMC) to build three chip factories in Phoenix, Arizona, as part of efforts to secure the supply of advanced chips. President Biden aims to bring chip production onshore to prevent supply disruptions. TSMC's investment of

supply chain US

U.S. Research Agency Launches Program to Connect American and Taiwanese Startups

The U.S. National Science Foundation launched a program to connect American startups with Taiwanese peers in key sectors like semiconductors and AI, aiming to foster deep tech innovation. Taiwan plays a crucial role in the technology supply chain, with most hardware innovation centered in Asia. Taiwan aims to attract

supply chain US

SUIC and Beneway USA's Revolutionary B2B2C System Integrates Fintech Solutions and Inventory Management ...

SUIC Worldwide Holdings Ltd. announces momentum in Beneway USA's IPO. The partnership offers innovative business financing solutions in the global supply chain financing market, estimated at $20 trillion. SUIC integrates cutting-edge technology to boost sales and competition with e-commerce operations. The company anticipates strong growth and increased IPO

supply chain US

US retailers make big upgrade in H1 import forecast amid carrier capacity boost

Ocean carriers are confident in US consumer buying, launching or restarting 11 services for trans-Pacific and north-south trades. A temperature-controlled truckload and LTL service will connect key facilities in its North American cold-chain distribution network. The railroad anticipates a revenue impact of $50-100 million in the second quarter due to

supply chain US

How Global Supply Chains Shape Air Quality

Industrial activity generates carbon monoxide emissions that contribute to air pollution globally. Researchers at the University of Illinois Urbana-Champaign studied the link between economic activities and pollution fluxes. They found that countries like South Korea are impacted by emissions from China, driven in part by demand from other countries. Despite

supply chain US

New Index from ASCM and KPMG Finds Supply Chain Stability Improving Despite Ongoing Challenges

The KPMG Supply Chain Stability Index, in partnership with ASCM, reveals improvements in 2023 but suggests a complete return to pre-pandemic normalcy is unlikely in 2024. Challenges like cross-border closures and conflicts remain. Positive signs include nearshoring efforts in Mexico and Canada. Supply chain professionals are credited for the progress

supply chain US

Growth, oversupply and security: Is the current solar supply chain fit for purpose?

Global carbon reduction goals require a rapid increase in solar deployment, with the International Energy Agency estimating the need to triple global photovoltaic deployment by 2030. However, the current concentration of solar manufacturing in China poses risks of supply disruptions and price competition due to excess production capacity. Solar manufacturers

supply chain US

China and Russia pledge to work together to maintain 'supply chain stability'

Register for free to read articles on the Financial Times website. Enjoy complete digital access to quality journalism for ₹4,335 per month. Get today's newspaper on any device. Save 20% by paying for a year upfront. Join over a million readers who choose the Financial Times for

supply chain US

Food Cold Chain Track and Trace Technology Revenues Set to Exceed US$7 Billion Amid Growing Regulatory ...

Investments in temperature and humidity monitoring solutions are on the rise in the global food industry, driven by increasing traceability reporting demands. ABI Research projects that revenues from food cold chain track and trace operations will exceed US$7 billion by 2032. Real-time monitoring solutions are crucial for maintaining food

supply chain US

Resilient U.S. Container Imports Continue to Surge Despite Supply Chain Challenges

US container imports at Port of Los Angeles increased by 16% in March, as per Descartes' Global Shipping Report. Despite a slight 0.4% rise from February 2024, there was a significant 15.7% year-over-year increase. The growth, affected by Chinese Lunar New Year, led to a 22.7%

supply chain India

Tata Group may buy Pegatron's only India iPhone plant, what this tells about Apple's global supply chain

The TOI Tech Desk is a team of journalists delivering latest news from the world of technology to readers of The Times of India. Coverage includes gadget launches, reviews, trends, analysis, exclusive reports, and breaking stories impacting technology and the digital universe. Topics include AI, cybersecurity, personal gadgets, and platforms

supply chain US

Biden to give Taiwan’s TSMC $6.6 billion to ramp up US chip production

The US government plans to give $6.6 billion to Taiwan Semiconductor Manufacturing Company to help build three factories in Arizona for semiconductor chips. This investment is part of efforts to strengthen domestic chip production and reduce supply chain vulnerabilities. TSMC's total investment in Arizona is more than

supply chain US

White House Touts U.S. Semiconductor Factories by Chip Giant TSMC

The Department of Commerce announced a deal with Taiwan Semiconductor Manufacturing Company to build new semiconductor factories in the US, increasing American capacity and supply chain independence. The deal includes $50 million for local job training and raises TSMC's investment in Arizona to $65 billion. This aims to

supply chain US

Fairbanks Morse Defense Reshaping U.S. Shipbuilding Supply Chain with Strategic Acquisitions

Supply chain disruptions due to the pandemic and conflicts abroad highlight the need for the US to strengthen its national defense equipment production. Fairbanks Morse Defense is acquiring domestic companies to secure critical components for maritime defense. Revitalizing American shipbuilding is crucial to compete with China in naval capabilities. Reshoring

supply chain US

NREL Analysis Shows Snapshot of the Clean Supply Chain of the Future

Researchers at the National Renewable Energy Laboratory, along with industry partners, have demonstrated a zero-tailpipe emissions supply chain from ports to final destinations. The Port of Los Angeles' $82.5 million Zero- and Near-Zero-Emissions Freight Facilities project showed that clean goods movement using renewable energy and various technologies is

supply chain US

'State of the Space Industrial Base' highlights supply chain and workforce challenges

The annual "State of the Space Industrial Base" report, released on April 8, highlights the importance of the commercial space industry for U.S. leadership in space. The report emphasizes the need for innovation and adaptation to stay ahead in the space tech race, especially with China'

supply chain US

Indiabased pipe and tube manufacturer selects Louisiana for first US facility

The Economic Times News App offers daily market updates and live business news. Criminals are teaming up with bank employees for cyber fraud. Honda's Creta-rival failed to succeed in the Indian market. Rahul Bhatia and his firms purchased electoral bonds at an unusual time for control of IndiGo.

supply chain India

A practical agenda for IndiaAustralia semiconductor collaboration | The Strategist

India and Australia aim to strengthen their semiconductor partnership amid global supply chain challenges. As Quad members, they support the Quad Semiconductor Supply Chain Initiative. Proposed ideas include joint commercial projects and research collaboration in areas like chip design and advanced materials. Accessing each other's R&D

supply chain India

Amid Intense Competition India Emerging As A Leader In Global Supply Chains: Steven A Altman

FLASH SALE: Subscribe to Swarajya for just ₹999 instead of ₹2999. India has the potential to be a leader in global supply chains, according to US business school professor Steven A Altman. Despite challenges like conflicts, inflation, and recession fears, globalisation is expected to continue advancing. The China Plus One

supply chain US

The difficulty of making supply chains sustainable | LSE Business Review

Suppliers are facing customer pressure to decarbonize, but there's no empirical evidence that firms can lead their suppliers to reduce emissions. Recent studies show that large American firms are moving towards "green" suppliers, but some struggle with making existing suppliers more sustainable. Suppliers have begun adopting

supply chain US

Mitigating possible Port of Baltimore agsupply chain disruption

Partly cloudy with high and low temperatures and windy conditions expected in Baltimore. Cargo shipping affected by bridge collapse in the port. Secretary of Transportation, Pete Buttigeig, suggests diverting cargo ships to other east coast ports to mitigate supply chain disruptions. Difficulty in diverting farm tractors and equipment exports. Efforts

supply chain US

4 Reasons To Study Supply Chain In California

A Nigerian student landed a top supply chain management role with Amazon after studying a STEM-designated MBA program at the University of California Riverside. California, a major supply chain hub, offered practical courses, internships with top companies, and a supportive environment for international students. The program provided valuable skills and