Global supply chain pressures inched up in September, reaching their highest level since the recent peak seen in May, according to the Federal Reserve Bank of New York’s Global Supply Chain Pressure Index (GSCPI). The GSCPI rose to 1.28 in September, up from an upwardly...
UPS has introduced a suite of supply chain solutions aimed at addressing risk, uncertainty and logistical obstacles. The company’s Secure Commerce offering, announced Wednesday (Sept. 30), is designed to offer “data-driven intelligence,” actionable insights and “proactive risk management” to help reduce threats like fraud, delivery issues or...
UPS plans to invest a total of more than $2 billion into its international, healthcare and supply chain businesses between 2024 and 2028, an executive told CNBC in a report published Monday (Aug. 24). These investments include new hubs or facilities in the Philippines, Canada...
President Donald Trump signed an executive order Monday (July 20) that requires defense contractors to map their supply chains and encourages them to shift their sourcing of critical materials to suppliers in the United States or partner nations. The order aims to secure the critical materials and components...
FedEx plans to sell FedEx Supply Chain to CMA CGM Group, a Marseille-based global provider of sea, land, air and logistics solutions, at an enterprise value of $1.4 billion. The acquisition is expected to close by the end of the year, subject to customary regulatory...
Global supply chain pressure reached its highest level in nearly four years in April as the Iran war disrupted the movement of goods and drove up fuel prices. The Global Supply Chain Pressure Index (GSCPI) rose to 1.82 in April, up from 0.68 in March...
Global supply chain pressure is at its highest level since January 2023, according to data released by the Federal Reserve Bank of New York. The Global Supply Chain Pressure Index (GSCPI) rose to 0.68 in March, up from a revised 0.54 in February, according to the New York Fed’s website....
The war in Iran is increasingly giving the freight sector a fright. As of Monday (March 16), the geopolitical risks of the Middle East engagement have already reshaped global trade patterns around air freight and shipping, directly impacting energy supply chains as well as other critical high-value...
Machines have taken over the logistics and manufacturing world. This isn’t new or surprising. Warehouse automation began in the middle of the last century, when Automated Storage and Retrieval Systems (ASRS) were introduced in the 1950s. Since then, robotic arms, autonomous forklifts, conveyor systems and...