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Starting nearly 60 years ago, off-shoring previously domestic manufacturing proved to be a go-to executive decision to boost corporate value by reducing labor costs and the cost of goods sold. Pioneered by U.S. economic juggernauts such as General Electric, off-shoring...

In recent years, nearshoring has emerged as a popular strategy for companies looking to optimize their supply chains. They are responding to growing unpredictability and disruptions caused by events such as the COVID-19 pandemic. Nearshoring is the practice of outsourcing...

In recent years sustainability has risen up the corporate agenda and is now part and parcel of corporate strategies. There are concerns that the current boom in sustainability and net-zero commitments may not be enough to combat the vast social,...

The European Commission has unveiled the Net-Zero Industry Act, which aims to boost green technology development in the EU to accelerate the transition to decarbonisation. Announced by EU Commission President Ursula von der Leyen as part of the Green Deal Industrial Plan, the...

The automotive industry has the largest number of robots working in factories around the world: Operational stock hit a new record of about one million units. This represents about one third of the total number installed across all industries according...

With the rise of smart supply chain infrastructures, there is a growing need for seamless data interoperability and data integrity to ensure efficient and secure supply chain operations.   “Smart supply chains,” an umbrella term for the integration of advanced technologies...

The metals industry is subject to significant market volatility, with fluctuations in demand and supply affecting the price of metals. The global trade of metals is also becoming increasingly complex, driven by changes in trade policies, tariffs, and currency exchange...

The global blockchain in healthcare market size was USD 2.54 Billion in 2022 and is expected to reach USD 285.64 Billion in 2032, and register a revenue CAGR of 69% during the forecast period. Rising demand for secure data transmission...

An international research team led by the University of Cambridge has developed a cost-effective and eco-friendly method for producing smart textiles using industrial looms. This technique enables the creation of flexible, durable smart fabrics with no size or shape limitations,...