The USDA reduced its forecast of global rice exports by 1.9 million tons for 2023 and 3.4 million tons for 2024. 

Beyond physical expansion, the projects will also focus on implementing new technology and adopting updated terminal operating systems, including automation, at each port.

Supply chain design technologies that identify and quantify risks at the supplier, facility, customer and network levels allow organizations to make better decisions.

Some experts are predicting that generative AI will potentially eliminate many human touchpoints throughout the supply chain.

Airbus’ A321neo planes have been winning the race against rival Boeing’s 737 MAX models to meet the demand for greater range and more capacity.

Even though Amazon is pleased with its progress, the organization sees more opportunities to improve cost efficiencies moving forward, said chief financial officer Brian Olsavsky.

The J.P. Morgan Global Manufacturing Purchasing Managers’ Index registered a score of 48.7 during July, matching the index’s lowest level since June 2020. 

Copper rose as much as 1.8% to $8,821 a ton on the London Metal Exchange, the highest level since April 21.

As technology improves, vendors can be more flexible with packaging options, variety and regional shipping.

The German carmaker said that it would only be able to deliver a total of between 9 million and 9.5 million cars in 2023.