The Indian cold chain sector, which is currently grappling with such issues concerning the quality of food products and food safety maintenance has realized the necessity of faster development, and could grow at the rate of 10 percent to 15 percent per annum in the next five to 10 years, according to Arvind Surange, chief consultant and proprietor, ACR Project Consultants Pvt. Ltd.
The past year was a good one for the third-party logistics industry, according to the14th annual 3PL Study. Shanton Wilcox, principal at Capgemini Consulting, a co-sponsor of the study, highlights year-over-year changes and responses to "deep dive" questions.
For 2013, airlines are expected to return a global net profit of $12.9bn. This is expected to lead to a net profit of $19.7bn in 2014. Both are improvements on previous months. The upward revision reflects lower jet fuel prices over the forecast period as well as improvements to the industry's structure and efficiency. Passenger markets continue to outperform the cargo business, which remains stagnant both on volumes and revenues.
A federal border patrol initiative sparked by 9/11 terrorism may lead to an automotive industry breakthrough in mapping its complex supply chain. The Automotive Industry Action Group of suburban Detroit is launching a new Web-based database for identifying the physical movement of finished goods, parts and materials through the automotive supply chain.
Since the end of World War II and the birth of the modern global economy, business leaders have come to accept an iron law: International trade always expands faster than economic growth. Between the late 1940s and 2013, that assumption held true. Trade grew roughly twice as fast as the world economy annually, as fresh markets opened up, governments signed free-trade pacts, new industries and consumers emerged, and technological advances made international trade cheaper and faster. Now this iron law may be crumbling.
A four-million-square-foot logistics development in the Northwest of England has taken a further step forward. Leading UK regeneration specialist Harworth Estate has confirmed the outline planning approval already granted by the local authority (Bolton Council) for Logistics North, which will be the largest distribution, logistics and employment site in Greater Manchester.
There was a small improvement in airfreight growth in October, according to the International Air Transport Association. Compared to October 2012, global freight tonne kilometers rose four percent, with growth in all regions except Africa.