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COP26: 5Zs that changed the world part 2

The Logistics & Supply Chain Management Society

The sector took a seat at the table and participated in concrete initiatives, like the two zero (2Zs) emission initiatives, namely the Global MOU for ZE-MHDVs for zero emission new vehicle sales and the Clydebank Declaration for specific zero emission maritime shipping corridors.

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An Update from Sharm El-Sheikh on Decarbonisation of Transport

The Logistics & Supply Chain Management Society

Since COP26, the number of signatories to the ZEV Declaration has grown from an initial 120-130 to a total of nearly 200 national and local governments, OEMs, fleet owners and other entities. Shipping Routes: Clydebank Declaration. In April 2022, Singapore and Palau joined the initiative taking the total to 24 country signatories.

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The Greenest Mile: Planning’s Role in Supply Chain Sustainability

Logistics Viewpoints

Similarly, UPS has strong commitments to sustainability and invests in many options, such as alternative fuel vehicles, e-cycles in dense cities, and carbon offsets for purchase with shipping. Pharmaceutical manufacturer Amgen built a new biomanufacturing plant in Singapore that uses 70% less carbon than traditional facilities.

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How Southeast Asian manufacturers can use ERP to realign the supply chain

SYSPRO Smarter ERP

To enable SEA manufacturers and distributors, governments are implementing policies, collaborating regionally, and leveraging the potential of Industry 4.0. Governments across Southeast Asia have implemented several policies to encourage intra-ASEAN collaboration and improved production. Policies to promote regional collaboration.

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Enter RCEP: The World’s Largest Free Trade Agreement

Logistics Viewpoints

This last item, rules of origin (ROO) is particularly significant as it means that a product can be shipped at the most preferential tariff rate to any of the 15 RCEP markets as long as it contains content produced in any one of these countries. RCEP Benefits for Singapore, according to the country’s Ministry of Trade and Industry.

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