Saudi Arabia has a thriving logistics sector right now and it is expected to boom over the next ten years. Industry experts say that consumer spending is going to see a 6.9 percent growth rate in 2015 alone, causing the logistics sector to see higher demand. That’s good news for this GCC region. The Middle…
The Panama Canal has been the only route for ships to travel between the Atlantic and Pacific oceans without going around South America for over 100 years. However, Nicaragua just started construction on the Interoceanic Grand Canal of Nicaragua. It is a 278 mile canal through the infamous Magellan Strait that is going to cost…
China has always had one of the fastest growing economies — up until recently, a large chunk of the clothes and products sold in big chain stores came with the label, “Made in China.” However, things have been slowing down for China’s economy since 2009. This raises concerns that their economy could be headed for…
Fifteen years ago, the U.S. banned imports of beef from Ireland because of mad cow disease. Now, the ban is being lifted. This will boost the euro beef industry by millions of dollars, particularly in Ireland. The U.S. Department of Agriculture has performed strict inspections at beef production facilities in Ireland and found that the beef…
Lalamove is a logistics company that helps customers transport items from one place to another with the use of a simple app. Customers simply put their needs into Lalamove’s app and then select the local drivers and couriers they want to deliver their items. It brings a whole new dimension to shipping because customers don’t…
Tesco is one of the largest chain grocery stores in the world. They have thousands of locations in Europe, North America, and Asia. However, they have been suffering profit losses for more than two years. CEO Dave Lewis announced a massive plan to cut costs by closing 43 stores, withdrawing from certain markets, selling some…
North America has seen some pretty bizarre weather this year. Right now the east coast is seeing record low temperatures as cold, dense air flows down from the Arctic. These freezing conditions are causing havoc for the transportation industry. In addition, several crops are threatened, causing commodity prices to rise.
Turkey strongly depends on other countries for their energy. Therefore, they want to build a nuclear power plant in Akkuyu, which is in the Turkish province of Mersin. However, several groups object to the power plant because of concerns over the environment, the impact of people living nearby, and radioactive waste disposal. Despite the controversy,…
Over the next five years, Volkswagen plans to invest $106.3 billion on new fuel-efficient vehicles. This includes a plan for new factories and expansion in China. The automaker wants to be a world leader in economical and ecological vehicles. Volkswagen’s investment is projected between 6 and 7 percent of their revenue between 2015 and 2019….
During the past decade, cotton production in India has experienced exponential growth. According to Commodity Online, output has increased from 15.8 million bales of cotton in 2002 to 40.2 million bales of cotton in 2014. Now, 37 percent of the world’s cotton acreage is in India. That means India has surpassed the cotton production in…