In recent weeks, oil prices have tumbled to their lowest levels in more than three years, a sharp downturn that has sent ripples across global markets. This development raises urgent questions about economic stability, fiscal policy, and future investment for African countries that are heavily reliant on oil exports or imports. A closer look at…
President Donald Trump’s new tariffs have officially taken effect, triggering a wave of economic ripples across the globe, from Asia to Europe and Africa. The policy imposes a minimum 10% tariff on nearly all goods entering the United States, with even steeper rates aimed at countries accused of engaging in unfair trade practices. This bold…
On Wednesday, President Donald Trump announced that, starting April 2, all imported cars and light-duty trucks will be subject to a 25% tariff. He emphasized that the move aims to revitalize the United States automotive industry by encouraging manufacturers to shift production to American soil. According to Trump, imposing the tariff will not only strengthen…
GE Aerospace is set to invest nearly $1 billion in its American factories and supply chain, enhancing manufacturing capabilities and advancing innovative materials and components for the future of flight. GE Aerospace is set to ramp up production at key United States manufacturing facilities as demand for its cutting-edge CFM LEAP engine continues to grow….
CMA CGM’s $20B investment will strengthen United States maritime ties, boost exports, create 10,000 jobs, and expand ports, logistics, and air cargo. CMA CGM Group, a global leader in transportation and logistics, has announced a $20 billion investment to boost the maritime economy and transform the nation’s supply chain over the next four years. The…
Companies are reassessing their sourcing, production, and logistics strategies to adapt to the new tariffs. U.S. President Donald Trump’s 25% tariffs on imports from Mexico and Canada have officially taken effect—an unprecedented move aimed at pressuring America’s top trading partners. The administration justified the decision, citing insufficient efforts by both countries to curb fentanyl trafficking…
The initiative replaces natural gas with hydrogen to fuel cereal production operations. Kellogg’s food production facility in Manchester, is the first in the United Kingdom to use hydrogen as a direct fuel source for manufacturing. It became the first company that use hydrogen power to toast cereal on its production line during 3 weeks of…
Despite the physical demands, a lifetime behind the wheel with no plans to stop. At 90 years old, Doyle Archer is not just a truck driver but a living legend. Recognised by Guinness World Records as the oldest active truck driver (male) at 90 years and 55 days old, Doyle has spent over six decades…
Walmart remains ahead of Amazon in annual sales, but the e-commerce giant is expected to close the gap soon. Amazon has dethroned Walmart in quarterly sales for the first time ever, ending the retail giant’s decade-long reign. Earlier this month, Amazon reported remarkable quarterly revenue of $187.8 billion, surpassing Walmart in sales. Walmart, which had…
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…
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…
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…
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…
The additions include a major supplier of critical minerals and one of the largest textile manufacturers globally. The U.S. Department of Homeland Security (DHS) has banned imports from 37 companies linked to forced labor practices in the People’s Republic of China (PRC). The 37 companies identified by DHS have been added to the Uyghur Forced…
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…
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…
As U.S. President-elect Donald Trump prepares to take office again in 2025, his promise to introduce new tariffs sends ripples through global markets. Businesses across the world, including those in Africa, are bracing for what could be another wave of disruption to international trade. While the specifics of the tariffs remain unclear, supply chain stakeholders…
The manufacturing sector faces the highest risk from cyber threats. According to the latest Cyber Roundup Report, supply chain cyber-attacks have surged by 431% since 2021, highlighting the growing risks linked to interconnected businesses. Cowbell, an insurance provider for SMEs and middle-market companies, publishes the report. It draws on a comprehensive three-year dataset from over…
US retail giant aims to attract customers from Amazon and boost Walmart subscriptions this holiday season. Walmart plans to offer new financial incentives to independent delivery drivers to enhance its holiday season logistics. The retailer revealed to Reuters that these bonuses encourage drivers to collect orders directly from U.S. stores and deliver them to customers….
The carrier now serves domestic networks in US, Europe, the Middle East, Africa (EMEA), and Asia. E-commerce giant Amazon has officially entered the for-hire air cargo market, offering space on its extensive fleet of cargo jets to freight forwarders and businesses. This expansion goes beyond Amazon’s parcel delivery service and is positioned to compete with…
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