Author: Esahaque Eswaramangalam

Amid rapid changes in global trade dynamics, the latter half of 2022 witnessed a surprising plummet in international freight pricing along with a concurrent rise in freight capacity outpacing demand – a complete reversal from the industry’s trend over the previous three years. The freight market had been gradually stabilizing from record delays, disruptions, and price surges that started in February 2020 and extended until late 2022. Now, as we stride into late spring 2023, the narrative around global logistics and supply chain management is undergoing a major overhaul. Particularly noteworthy is the drop in freight pricing for some trade…

Beijing, CHINA: The global business community eagerly anticipates the inaugural China International Supply Chain Expo (CISCE), slated to take place in Beijing from November 28 to December 2, 2023. Organized by the China Council for the Promotion of International Trade (CCPIT), this monumental event promises a dynamic blend of networking, innovation, and knowledge sharing, bringing together the world’s leading players in various industries. China, through the CISCE, seeks to create a crucial global platform for businesses to strengthen ties, spark conversations and foster cooperation in a post-pandemic world. This first-of-its-kind event is structured around the theme “Connecting the World for…

Emphasizing its commitment to eco-friendly practices, the Australian retail behemoth Woolworths Group has announced its pledge to power its comprehensive vehicle fleet solely on renewable electricity by the year 2030. The commencement of this ambitious green transition is marked by the introduction of 25 Foton T5 electric vehicles, showcasing the group’s tangible steps towards sustainability. Woolworths Group, a trusted retail entity since 1924, has been a beacon of convenience, value, and quality for the 24 million customers it serves weekly across its ever-expanding network of businesses. Known for its 1970’s slogan “the fresh food people,” the group is determined to…

According to Global Market Insights, Inc study., the wealth management platform market is predicted to surge from $3 billion to over $10 billion by 2032. This escalation is driven by the incorporation of artificial intelligence (AI) and blockchain technologies, widening access to credit facilities and expediting the digital investment process. Government initiatives aimed at increasing financial inclusion and promoting equitable credit access are bolstering this growth. With the human advisory segment already holding a 60% market share, increased security concerns indicate further growth in this segment. Meanwhile, cloud-based wealth management systems, offering cost-effectiveness, scalability, and support for remote work, are…

UK Chancellor of the Exchequer, Rishi Sunak, is preparing to advocate for a more equitable trade relationship during his impending US visit. His objective is to navigate the complexities of the post-Brexit landscape, fostering mutual benefits between the two nations. Sunak’s move to explore potential concessions follows the unsuccessful attempt to broker a comprehensive free trade deal with the US. A central point of Sunak’s negotiation with Biden is the US’s Inflation Reduction Act (IRA), a measure attracting criticism from UK officials as overly protectionist. The IRA allocates a staggering £279 billion to propel green technologies in the US, aiming…

With the growing demand for automation in various industries, a new study by Interact Analysis projects a significant boost in the robotic picking market, expecting it to surge from $236 million in 2022 to $6.8 billion by 2030. Rising labor costs and supply chain constraints are primary catalysts stimulating the market’s growth, as businesses strive to mitigate operational difficulties. The burgeoning e-commerce industry and warehouse automation are also providing impetus to the market. Interact Analysis revealed that the market for robotic picking technology is currently dominated by a few suppliers. As of the close of 2022, only 33 suppliers had…

Russian hackers launched a widespread cyber attack, compromising the confidential banking and contact details of UK employees across a multitude of companies. The targeted server belonged to Zellis, a major payroll provider utilized by a plethora of firms, including high-profile entities such as British Airways, BBC, and Boots among others. Zellis manages the payroll needs for hundreds of UK companies, making this hack a cause for serious concern. Its server stored sensitive banking and personal information of citizens working across numerous businesses. Notable clients who were hit by the attack include British Airways, owned by IAG, Boots, which is a…

Natural gas, once championed as a bridge between coal and renewable energy, finds its environmental impact under the microscope. These revelations could unsettle the energy strategies of nations relying on natural gas as a transition fuel. Touted as a stepping stone towards cleaner energy, natural gas holds an essential place as solar array and wind farm constructions accelerate. It’s perceived as a cleaner stand-in for “dirtier” fuels like coal and oil. This argument seems sound on the surface, but the reality of its emissions complicates the picture. Burning natural gas does lead to fewer conventional air pollutants, such as sulfur…

As the allure of gold captivates consumers worldwide, the harsh reality behind its extraction remains largely obscured. Gold mining, notorious for its severe environmental harm, is experiencing heightened scrutiny concerning its ecological and societal toll. A striking illustration of this damage is that the creation of a single wedding ring generates an astounding 20 tons of waste, thus underscoring an often-neglected environmental concern. Gold mining causes community displacement, water contamination, worker health risks, and environmental degradation. It introduces mercury and cyanide into the land and water, posing severe threats to both human and ecosystem health. The harm reaches water sources,…

In a historic moment for the semiconductor industry, Nvidia Corp is on the verge of breaching a $1 trillion market capitalization, becoming the first US chipmaker to join this elite club. As of Tuesday, the company’s shares were seen surging 3.5% at $402.91 in premarket trading, setting the stage for the unprecedented valuation milestone. With this achievement, Nvidia joins the ranks of tech juggernauts like Meta, Apple Inc, Alphabet Inc, Microsoft Corp, and Amazon.com Inc, who all previously crossed the trillion-dollar market capitalization threshold. The leap in Nvidia’s value comes in the wake of a surprising revenue forecast last week…