Construction on the South Batinah Logistics Hub, a strategic initiative of the Omani government to kick-start the growth of a logistics-based economic sector in the Sultanate, will be launched this year. Covering 9,000 hectares, the hub will incorporate Oman’s first ever inland port as well as dedicated zones earmarked for multimodal connectivity, light industries, value-adding activities, commercial services, warehousing and logistics, urban and residential developments, hotels and convention centres, and leisure areas.
More than a dozen of the world's largest car makers have agreed on minimum human rights, environmental and business ethics standards for their global supply chains, according to the Automotive Industry Action Group (AIAG) in Michigan and CSR Europe in Brussels, which today jointly announced the "unprecedented agreement."
Two decades after its enactment, the North American Free Trade Agreement - better known as Nafta - remains a source of deep disagreement among economists - and unions.
China has completed constructing one of its longest tunnels which will help it build a rail link with Pakistan. It has also announced plans for building the world's longest undersea tunnel, measuring 123 kilometers (km) to link two major cities.
Companies operating in Indonesia may spend as much as $160bn to move goods, materials and merchandise to and from Southeast Asia's largest economy this year, according to Frost & Sullivan, an industry tracker.
Yusen Logistics (Cambodia) Co., Ltd. has acquired a customs license from the Cambodian Ministry of Economy and Finance, allowing the company to offer customs clearance for Cambodian imports and exports.
This year Western firms' giant bet on the emerging world will come under more scrutiny. Most multinationals are profitable in emerging markets. American firms, for example, made a 12 percent return on equity in 2012, roughly in line with their global average. But having grown fast, profits are now falling in dollar terms.
Analyst Insight: Industrial manufacturing includes a broad range of sub-verticals. Given the current global uncertainties, these companies are focusing on manufacturing and supply chain excellence while trying to grow their top lines. This will not stop the leaders from looking at many exciting new technologies that are emerging. The "manufacturing renaissance" going on is as likely to be around new technologies adopted as around where the manufacturing takes place. - Robert Eastman, Senior Analyst, Technology Evaluation Centers
Following nearly 2,000 incident updates in 16 months, Portoverview.com's Africa's editor, Victor Shieh told attendees at the recent Cool Logistics Conference in Cape Town, South Africa, that shipping on the continent is likely to get worse before it begins to see improvements.
Oracle Corp. has introduced Oracle Global Trade Intelligence, a trade-analytics module designed to help companies make better use of global trade data.