China Unveils New Policies to Renew Domestic Fleet
China has announced new policies to upgrade its domestic fleet, focusing on reducing emissions and boosting the economy. A new scrapping policy targets coastal and inland fleets, offering subsidies for shipowners to replace old vessels with new ones powered by alternative fuels. Incentives for Shipowners Old ships meeting Beijing’s criteria can earn $140 per gross […]
Explosion Rocks Cargo Ship at Ningbo Port
Concerns are sparked after a goods container aboard a cargo ship burst into an explosion. The incident happened at one of the most bustling ports in China, the Ningbo Port on Friday. The YM Mobility, a Taiwanese vessel operated by Yang Ming Marine Transport Corporation confirmed the details regarding the incident in a statement to […]
Mastering Markhor Strategies: A Comprehensive Guide to Dropshipping Success
Introduction Dropshipping has revolutionized the e-commerce industry, offering entrepreneurs a low-risk, high-reward opportunity to build profitable online businesses. But what exactly is dropshipping? Simply put, it’s a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when you sell a product, you purchase the item from a third party […]
Empower Your Business: Leveraging AI and Efficient Sourcing Decisions
In today’s dynamic business landscape, staying competitive hinges on agile decision-making and strategic sourcing practices. For businesses aiming to optimize operations and drive growth, harnessing the power of Artificial Intelligence (AI) offers invaluable insights and efficiency gains.
Pakistan and GCC Sign Historic Preliminary Free Trade Agreement
In a landmark move, Pakistan and the Gulf Cooperation Council (GCC) have signed a preliminary free trade agreement (FTA), marking the first such agreement the GCC has concluded with any country since 2009. This historic deal is expected to pave the way for significant economic cooperation and growth for both parties involved.
Three Key Strategies to Optimize Your Procurement Function
Procurement optimization is the process of improving the efficiency, effectiveness, and sustainability of the procurement function in an organization. It involves aligning procurement goals with business objectives, streamlining procurement processes, and leveraging data and technology to enhance procurement performance. In this article, we will share three key strategies that can help you optimize your procurement function and achieve procurement excellence.
Transforming the Khunjerab Pass: Pakistan and China’s Vision for an All-Weather Border
In a landmark announcement at the Belt and Road Forum in Beijing, Pakistan’s caretaker Prime Minister Anwaar-ul-Haq Kakar revealed plans to transform the Khunjerab Pass into an all-weather border.
Why Chinese Companies Are Shifting Supply Chains Amid Political Turmoil
The supply chain is the backbone of the global economy, driving the movement of goods and services across borders. In recent years,
Can AI support strategic sourcing?
In today’s digital age, understanding the complexities of AI-driven support for strategic sourcing can be a game-changer for businesses. From enhancing sourcing processes to improving overall efficiency and securing the best suppliers, strategic sourcing AI technologies offer unparalleled potential.