Philippine and Vietnamese Exports to U.S. Surge Amid Supply Chain Shifts News: Vietnam's exports to the US surged 24% year-on-year in Q2, ranking second in ASEAN, following the Philippines' 35% rise, according to Nikkei Asia.In the semiconductor and machinery sectors, Vietnam saw a 41% increase, with the Philippines, Thailand, and Malaysia recording gains of 36%, 16%,
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CBRE Report: Industrial Leasing Surges 48% News: India's Industrial & Logistics (I&L) sector experienced a 48% rise in leasing activity from July to September 2024, with total leasing reaching 11.4 million sq. ft. across the top eight cities, according to a CBRE report. Delhi-NCR, Kolkata, and Hyderabad led the surge, accounting for 65% of the volume.Delhi-NCR
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Some companies face heat after Donald Trump's victory in U.S elections News: After Donald Trump's victory in the U.S. presidential election, companies like global appliance maker Breville are bracing for potential impacts from his trade policies. Given Trump's history of imposing high tariffs on Chinese imports, many anticipate further tariff increases.As a result, companies reliant on
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Navi Mumbai International Airport Welcomes First Aircraft In a landmark moment for the Navi Mumbai International Airport (NMIA; Airport Code: NMI), an Indian Air Force (IAF) aircraft successfully touched down on its South runway.The inaugural landing of the IAF C-295, a large multi-role tactical airlifter, represents a significant milestone in the Adani Group's development of the
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Exporters Warn that Escalating Conflict in West Asia Could Increase logistics Costs and Disrupt oil. NEW DELHI: The escalating conflict in the West Asian region is likely to further raise logistics costs and negatively impact trade in key sectors such as oil, electronics, and agriculture, exporters have warned.They also noted that insurance premiums for exports to
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India Post issues special Postage stamp to recognise 25 years of Mundra Port GANDHINAGAR : In a ceremony marking 25 years of Mundra Port, Gujarat Chief Minister Shri Bhupendrabhai Patel released a commemorative postal stamp to honour the port's contributions to India's maritime and economic growth.The event, held on World Post Day, highlights the transformation of
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Asia-US Container Rates Drop Further, Decline Continue After the ILA Strike HOUSTON: Container shipping rates from East Asia and China to the US have continued to decline following the resolution of a brief three-day strike at US Gulf and East Coast ports.The International Longshoremen's Association (ILA) strike led to minimal disruption, with analysts predicting that the
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Indian logistics market to expand to Rs 13.4 trillion by FY28: Report New Delhi: The Indian logistics market, valued at ₹9 trillion in FY23, is expected to experience substantial growth, reaching ₹13.4 trillion by FY28. This growth represents a compounded annual growth rate (CAGR) of 8-9%, as reported by Motilal Oswal.This growth is being fuelled by
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Warehousing Industry in India Strengthens News: NEW DELHI: India has witnessed a remarkable surge in warehousing demand across key sectors, with figures rising from 15% in 2019 to 25% in 2024.This increase is primarily driven by favorable government initiatives and a global strategy to diversify supply chains away from China.Cities like Pune, Delhi-NCR, and Kolkata are
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Adani Launches Supply Chain Company in China News: Singapore-based Adani Global Pte, a step down subsidiary of Adani Enterprises, has incorporated a wholly-owned subsidiary, Adani Energy Resources (Shanghai) domiciled in Shanghai, China. The registered share capital of AER is $2.1 million, according to a filing with the stock exchanges."AER is incorporated to carry out business of
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India U.S aim to Secure $1 Billion IBRD Fund to Build Clean Energy supply Chain News: WASHINGTON, D.C.: Following bilateral talks between PM Modi and Joe Biden on the outskirts of the Quad Summit, the White House announced that India and the US are looking for USD 1 billion from the International Bank for Reconstruction and
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Govt of Kerala Launches Logistics Park Network News: THIRUVANANTHAPURAM - In anticipation of the upcoming Vizhinjam International Transshipment Port, the Kerala state government is taking significant steps to support businesses connected to the port by launching a network of Logistics Parks.These parks, strategically located near the new port—which is a key infrastructure project for the region—will
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Indian Government Plans to Transform India Post into a Logistics Giant News: NEW DELHI: The goal of the Indian government's transformation Indian Post into a full-service logistics company is to increase the company's revenue by 50–60% within the next three to four years.Union Telecom Minister Shri Jyotiraditya Scindia disclosed that the postal department currently generates an
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Next IPEF’s Supply Chain Council Meeting to be Held in December News: NEW DELHI: On Monday, the Commerce Ministry announced that the next IPEF’s supply chain council meeting, established under the agreement of the 14-member IPEF, is scheduled for December.The Indo-Pacific Economic Framework for Prosperity (IPEF) bloc was initially launched by the US and its Indo-Pacific
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Container Handling Capacity In India Is Set To Double In The Next Five Years: Sonowal News: Container handling capacity in India is set to double over the next five years, reaching 40 million TEUs (twenty-foot equivalent units), according to Sarbananda Sonowal, Minister of Ports, Shipping, and Waterways. This expansion is projected to create two million job
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Thousands of Trucks Are Stranded Across Due to FASTag Issues in India News: Widespread technical problems with the FASTag toll collection system are severely disrupting India's road freight industry, which is the foundation of the country's economy.The transportation of necessities is reportedly being severely hampered by the thousands of trucks that are apparently stuck at toll
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Two Years On: How India's National Logistics Policy is Revolutionizing the Sector and Driving Economic Growth News: Two years after the introduction of India's National Logistics Policy (NLP), its significant impact on the country's logistics sector is evident. Launched on September 17, 2022, the policy aimed to tackle inefficiencies, enhance productivity, and reduce the high
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India's Container Prices Soar 27% Amid Global Tensions News: Geopolitical challenges led to a 27% increase in container logistics costs in India’s shipping market in July. Despite this volatility affecting Asian markets, India has shown resilience, according to a report released on Thursday.Most supply chain experts expect container prices to rise further in August, based on
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JLL Highlights Strong Growth Trends in Logistics and Industrial Sectors for 2024 News: India's logistics and industrial sector has seen impressive growth in the first half of 2024, highlighting its strength in today's market, according to a report by real estate firm JLL.In major cities like Mumbai, Delhi NCR, Bengaluru, Kolkata, Chennai, Hyderabad, Ahmedabad, and Pune,
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