The cost of shipping goods has surged 25-30% since the start of the pandemic due to array of inflationary pressures that are “unlikely to abate in the short term,” world No. 1 container shipping company Maersk told Reuters on Wednesday. Maersk is viewed as a bellwether for global trade as it transports goods for retailers… Continue reading Maersk sees no let up in surging cost of shipping goods
Author: Economic Times of India Online News
Electric vehicles could take 33% of global sales by 2028: AlixPartners
The ICE-to-EV transition will cost automakers and suppliers a cumulative $70 billion by 2030, according to Elmar Kades, co-leader of the automotive practice, including bankruptcies and restructuring. Electric vehicle sales could reach 33% globally by 2028 and 54% by 2035, as demand accelerates in most major markets, consultant AlixPartners said on Wednesday. EVs accounted for… Continue reading Electric vehicles could take 33% of global sales by 2028: AlixPartners
Jio-bp to set up EV charging stations across 17 Nexus malls
Fuel and mobility company Jio-bp, which is a joint venture between Reliance Industries & bp, has partnered with Nexus Malls for facilitating EV charging stations and battery swapping stations. The partnership includes the installation of various 24×7 EV charging stations for two and four-wheelers. All in all, the installations would be done in 17 malls… Continue reading Jio-bp to set up EV charging stations across 17 Nexus malls
U.S. regulators to propose new tougher vehicle emissions rules by March
WASHINGTON: The U.S. Environmental Protection Agency plans to propose new, more stringent vehicle emissions rules through at least the 2030 model year by March, according to a regulatory update released on Tuesday. In December, the EPA finalized new light-duty tailpipe emissions requirements through the 2026 model year that reversed then-President Donald Trump‘s rollback of car… Continue reading U.S. regulators to propose new tougher vehicle emissions rules by March
Pollution: Delhi writes to Haryana, asks it to allow only BS-VI buses to enter city from October 1
The Delhi government has urged Haryana to allow only BS VI-compliant buses to enter the national capital from October 1 in order to help control air pollution in the city. The request was made to deal with the problem of vehicular pollution in the city, which officials here indicated, is contributed to in part by… Continue reading Pollution: Delhi writes to Haryana, asks it to allow only BS-VI buses to enter city from October 1
Old is gold: sky-high cost of ageing ships sounds inflation SOS
In 2021, a record-breaking 555 container vessels worth $42.5 billion were ordered and 208 vessels worth $18.4 billion have been booked so far in 2022. SINGAPORE: Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to come. The disruption to world trade caused… Continue reading Old is gold: sky-high cost of ageing ships sounds inflation SOS
Audio Interview: The Size and Scope of the Performance and Racing Industry Segment within the Aftermarket Globally
A former race car driver raised in France, Francisque Savinien is the Founder & CEO of EPARTRADE, The Global Platform for the Performance and Racing Industry. Prior to EPARTRADE, he was the Director of Global Sales and Marketing for PRI (Performance Racing Industry) and SEMA (Specialty Equipment Market Association) for 18 years. Over the past… Continue reading Audio Interview: The Size and Scope of the Performance and Racing Industry Segment within the Aftermarket Globally
An export overhaul could see SEZs shifting from Videsh to DESH
Coming to exports, the government has promised to incentivise exports of certain items. It also plans to replace the Special Economic Zones Act with new legislation “that will enable the states to become partners in ‘Development of Enterprise and Service Hubs.’” India is proposing to transform its narrow export-focused special economic zones (SEZs) into comprehensive… Continue reading An export overhaul could see SEZs shifting from Videsh to DESH
Companies are rethinking their supplier networks after Covid
The pandemic has changed the nature of global supply chains with companies seeking to source goods from multiple places in order to minimize shipment and production disruptions. In further evidence of a shift from a just-in-time mentality to a just-in-case one, manufacturers are looking to add suppliers in more than one location to reduce their… Continue reading Companies are rethinking their supplier networks after Covid
Taiwanese electronics giant Foxconn looks at manufacturing EVs in India
FILE PHOTO: People wear masks to protect themselves from the coronavirus disease (COVID-19) while listening to the annual general meeting at the lobby of Foxconn’s office in Taipei, Taiwan, June 23, 2020. REUTERS/Ann Wang Taiwanese electronics giant Foxconn is looking at making electric vehicles in India, part of a larger diversification plan to expand its… Continue reading Taiwanese electronics giant Foxconn looks at manufacturing EVs in India