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This Week in Logistics News (May 27 – June 2)

Logistics Viewpoints

Amazon has launched a new fulfillment center in Riyadh doubling its total storage capacity in Saudi Arabia and increasing selling opportunities for small and medium-sized businesses. manufacturers re-evaluating their reliance on China. The government has also barred major Chinese firms from buying products made by U.S.

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Turkey Earthquake: Key Industries, Exports, and Sites Impacted

Resilinc

In total 15 countries were affected including Syria (which also declared a state of emergency), Cyprus, Lebanon, Jourdan, Palestine, Egypt, Southern Cyprus, Turkish Republic of Northern Cyprus (TRNC), Iran, Iraq, Saudi Arabia, Georgia, Russia, Azerbaijan, and Armenia. And supplier confirmation is essential to resiliency.

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April 16, 2024 Update

Freightos

Alongside the ongoing, Iran-sponsored, attacks on Red Sea traffic, this event poses yet another potential challenge to the container industry. Saudi Arabia, with access to their Red Sea port access already challenged, would see their Gulf port access cut off as well. With Freightos Air Index prices from China to N.

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Doing Business in India

QAD

Industry makes up about 27% of India’s GDP, and the industrial growth rate of 5.5% puts it in 47 th place for worldwide Industrial growth. Other Important Industries. Financial services, travel and tourism, consulting, telecommunications, real estate, and media and entertainment are also important industries in India.

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Doing Business in South Korea

QAD

The South Korean government began encouraging investment in manufacturing technologies, especially for high-tech and automotive industries. As of 2017, South Korea’s industrial production growth rate was about 4.6%, putting it at number 63 in the world. Industry accounts for approximately 39% of the country’s GDP.

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Logistics Execs Split on Outcome of NAFTA Talks

Material Handling & Logistics

Supply chain industry executives are split sharply about how Mexico will fare if it is able to agree with the United States and Canada on terms to update the North American Free Trade Agreement. . Saudi Arabia was No. UAE, Qatar, Oman and Bahrain outpaced all other countries. 8; Kuwait was No. Printer-friendly version.

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Doing Business in India

QAD

Industry makes up about 27% of India’s GDP, and the industrial growth rate of 5.5% puts it in 47 th place for worldwide Industrial growth. Other Important Industries. Financial services, travel and tourism, consulting, telecommunications, real estate, and media and entertainment are also important industries in India.

India 52