VW plant in Kaluga The car manufacturer had been active in Russia for many years and opened its own factory in 2007, almost 200 kilometers south-west of Moscow. (Photo: dpa) According to media reports in Moscow, the Volkswagen Group has received approval to sell its assets in Russia to the Russian car dealer Avilon for… Continue reading German Handelsblatt: Auto industry: Moscow allows sale of VW plant in Russia for 125 million euros006942
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GLOBAL SUPPLY CHAINS NOW HAVE SPARE CAPACITY FOR THE FIRST TIME SINCE JUNE 2020 AS 10 MONTHS OF SUBDUED DEMAND, INVENTORY DE-STOCKING AND HIGH INTEREST RATES BITE: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
Although global demand remains subdued, there has been an uptick since December’s trough, while the trend actually improved slightly in North America in April, indicating some economic resilience Excess supply chain capacity was also driven by global organizations’ drawdown of their safety stocks, which have fallen below their historic average for the first time in… Continue reading GLOBAL SUPPLY CHAINS NOW HAVE SPARE CAPACITY FOR THE FIRST TIME SINCE JUNE 2020 AS 10 MONTHS OF SUBDUED DEMAND, INVENTORY DE-STOCKING AND HIGH INTEREST RATES BITE: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
Institut auf dem Rosenberg Unveils Design for Self-Sustaining Floating Habitat
Student-concepted vessel explores the ocean as new habitable space amidst climate change and rising sea levels HÖHENWEG, Switzerland, May 15, 2023 /PRNewswire/ — Pioneering Swiss boarding school Institut auf dem Rosenberg (Rosenberg) today unveiled its groundbreaking design for ‘Blue Nomad,’ a self-sufficient solar floating habitat. Blue Nomad was conceived by students in collaboration with SAGA Space… Continue reading Institut auf dem Rosenberg Unveils Design for Self-Sustaining Floating Habitat
Zoomlion Empowers Product and Market Development with Glocalization Strategy
CHANGSHA, China, May 15, 2023 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”) shared the milestone achievements of their Glocalization strategy and future roadmap with its global partners and customers at its technological achievements exhibition themed “Technology Salute to the New Era” from May 11 to 14. Continue Reading About 500 Zoomlion’s international… Continue reading Zoomlion Empowers Product and Market Development with Glocalization Strategy
Yanolja Cloud Acquires Leading B2B Travel Solution Provider, Go Global Travel, Enhancing its Global Presence and Technology Solution Offerings
Brings Yanolja Cloud extensive travel inventory of over 1 million products from 200 countries Reinforces Yanolja Cloud’s commitment to leading global digital transformation and enhancing the travel experience SEOUL, South Korea, May 15, 2023 /PRNewswire/ — Yanolja Cloud, a leading global provider of AI-based SaaS solutions for the hospitality and leisure industries, has announced the acquisition… Continue reading Yanolja Cloud Acquires Leading B2B Travel Solution Provider, Go Global Travel, Enhancing its Global Presence and Technology Solution Offerings
CEAT Specialty Showcases Advanced Tire Solutions at Brazil’s Agrishow 2023
SAO PAOLO, Brazil , May 15, 2023 /PRNewswire/ — CEAT Specialty, leading off- highway tire manufacturer, showcased its range of agricultural tires, at Agrishow 2023- Brazil’s largest agricultural technology trade show. The event was held from 1st to 5th May at Ribeirão Preto, Sao Paolo – Brazil. On display are CEAT Specialty’s VF technology tires- Torquemax… Continue reading CEAT Specialty Showcases Advanced Tire Solutions at Brazil’s Agrishow 2023
Abu Dhabi Terminals celebrates milestone achievements – recording 10 million man hours without LTI and handling 20 million TEU since inception
ABU DHABI, UAE, May 15, 2023 /PRNewswire/ — Abu Dhabi Terminals (ADT) has announced that it has set a record by exceeding 10 million man-hours without Lost Time Injury (LTI) and by handling 20 million twenty-foot equivalent units (TEU) containers. These achievements represent major milestones for ADT since inception. Recording more than 10 million man-hours… Continue reading Abu Dhabi Terminals celebrates milestone achievements – recording 10 million man hours without LTI and handling 20 million TEU since inception
Apax Funds make approximately $450m investment in travel tech company IBS Software
DUBAI, UAE, May 15, 2023 /PRNewswire/ — Funds advised by Apax Partners LLP (“Apax”) announced today that they have reached a definitive agreement to invest approximately $450m to acquire a significant minority stake in IBS Software, a leading provider of modern Software-as-a-Service (SaaS) solutions to the global travel and logistics industry, from Blackstone. Following the transaction,… Continue reading Apax Funds make approximately $450m investment in travel tech company IBS Software
HOTELEX Shanghai 2023: Reactivate the Biz on Foodservice & Horeca
SHANGHAI, May 16, 2023 /PRNewswire/ — At the beginning of the Year of the Rabbit in 2023, the catering industry, hotel and cultural tourism industry is fully recovering to the right track with vigorous momentum, showing a strong vitality and confidence. With the growing of consumption and economy, HOTELEX Shanghai is poised for a new round… Continue reading HOTELEX Shanghai 2023: Reactivate the Biz on Foodservice & Horeca
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