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Maersk and Castlery Sign 10-Year Logistics Partnership to Drive Global Expansion

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Maersk, a global leader in logistics services, has strengthened its partnership with Castlery, the Singapore-founded international furniture brand, through a 10-year ocean and integrated logistics service agreement. This long-term collaboration will support Castlery’s ambitious global expansion plans. “Our goal is to bring Castlery’s brand of thoughtfully designed, high-quality furniture to homes worldwide. But scaling a…

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University of Kigali and LEARN Logistics Partner to Transform Rwanda’s Supply Chain Sector

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In January 2025, LEARN Logistics by Kühne Foundation, a globally recognized advocate for sustainable logistics and supply chain education, announced a strategic partnership with the University of Kigali. This collaboration was formalized through a three-year Memorandum of Understanding (MoU), aimed at advancing logistics and supply chain management in Rwanda. The partnership seeks to establish a…

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Boom Ahead: Shipping Container Market to Soar, Doubling in Value by 2032 from $8.7 Billion to $16.1 Billion

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The shipping container market is expected to grow from approximately $8.7 billion in 2022 to around $16.1 billion by 2032, with a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2023 to 2032 according to Market Research Biz Overview of the Shipping Containers Market The shipping containers market encompasses the global…

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DHL Group and Neste strengthen collaboration to reduce logistics emissions

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● Companies will jointly evaluate how Neste’s renewable solutions may support DHL Group in making its entire logistics chain as sustainable as possible ● Collaboration aims at leveraging renewable diesel and sustainable aviation fuel to decarbonize DHL’s transportation Bonn, February 5, 2025: To further strengthen their collaboration on reducing emissions in logistics, DHL Group and…

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Surging Online Returns—Which Countries Are Leading the Trend?

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Retailers are managing rising return costs with stricter policies and AI-driven reverse logistics. Return shipping comes with substantial economic, environmental, and logistical challenges. As e-commerce continues to expand, so does the frequency of product returns, significantly impacting retailers and supply chains worldwide. India Leads in Online Returns According to Statista Consumer Insights, India has the…

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Prosper Africa and Afreximbank Partner to Strengthen U.S.-Africa Trade Opportunities

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According to Afreximbank, Prosper Africa and African Export-Import Bank (Afreximbank) have signed a new Memorandum of Understanding (MoU) to boost trade and investment between the United States and Africa in key sectors. This strategic partnership aims to leverage the unique strengths of both organisations to mobilise trade opportunities and investment capital, focusing on creative industries,…

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Nigerian Manufacturers Grapple with a Crisis of Nearly $1 Billion in Unsold Inventory in 2024

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Africa’s most populous country continues to battle inflation as government economic reforms impact the manufacturing sector. Nigeria’s rising inflation rate continues to weaken household purchasing power, making many essential and non-essential goods out of reach for a significant portion of the population. This trend has resulted in a 12.9% increase in the inventory of unsold…

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Emirates SkyCargo soars into 2025 with a 15% surge in capacity to meet rising global demand

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According to Emirates Sky Cargo, Throughout 2024, the demand for its specialist product portfolio, extensive global network and all-widebody fleet continued to grow exponentially, with no signs of slowing down. To meet the burgeoning global demand, the airline has wet-leased two additional Boeing 747 freighters, starting 2025 with a 15% increase in critical main deck…

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Trump Delays Tariffs, Launches Trade Review with China, Mexico, and Canada

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The “America First” trade policy promises revitalisation with stable supply chains and robust economic growth. The United States President Donald Trump has returned to office. Still, instead of immediately imposing new tariffs as many expected, he has directed federal agencies to review trade relationships with China, Canada, and Mexico. This move diverges from the day-one…

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DHL Supply Chain Acquires Immar, Emerging as North America’s Top Returns Processor

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The acquisition enhances DHL’s capacity to address rising e-commerce demands and streamline return processes for retailers. DHL Supply Chain has announced its acquisition of Inmar Supply Chain Solutions, a leading reverse logistics provider for the e-commerce and retail industries. This strategic move positions DHL as the largest returns processor in North America, addressing the increasing…

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Libya joins Afreximbank to boost African trade and development

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The State of Libya has officially acceded to African Export-Import Bank (Afreximbank) Establishment Agreement, becoming the 53rd nation to become a member / participating state and marking an important step towards full continental coverage and advancement of the continental integration agenda through trade and investments. The accession document, signed by His Excellency Dr. Khaled Al-Mabrouk Abdullah,…

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U.S. imports have risen for the 15th consecutive month, according to S&P Global.

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The United States imports for November totalled 2.72 million TEUs (Twenty-Foot Equivalent Units), representing a significant 12.3% increase compared to last year. This marks the 15th consecutive month of annual growth in U.S.-bound imports, reflecting the continued strength in demand despite economic uncertainties. Still, when compared sequentially to October, imports experienced a slight dip of…

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African Development Bank Grants $342.92 Million Loan to Cameroon

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The loan aims to enhance the efficiency of the Cameroon-Chad Transport Links. The African Development Bank Group’s Board of Directors has approved two loans for Cameroon totalling $342.92 million. These funds are designated to significantly improve transport infrastructure along the Douala-N’Djamena trade route, fostering enhanced connectivity with neighbouring Chad. This development is expected to deliver…

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Leading Nigeria’s Supply Chain Transformation: Highlights from the Nigerian Supply Chain Summit 2024

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The highly anticipated Nigerian Supply Chain Summit, organised by Pentland Energy Limited, took place on November 8, 2024, and was an unforgettable event. Delegates from various professional bodies, businesses, and government agencies gathered to discuss critical issues. The theme of the summit, “Leading Nigeria’s Supply Chain Transformation,” resonated throughout the fully packed hall at the…

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