article thumbnail

EU Push to End Forced Labor Could Drive $7B in Spending on Supply Chain Visibility

Supply Chain Brain

Verdantix predicts a $7 billion market for supply chain sustainability software by 2029, with EU manufacturing and retail firms expected to drive the bulk of that spending.

article thumbnail

Corporate Sustainability Due Diligence Directive (CSDDD): Addressing the Entire Value Chain

Logistics Viewpoints

By 2029, companies with 1,000 employees and 450 million euros turnover will be impacted. With the recent changes to the directive, the number of companies impacted is about.05% 05% of the total number of businesses operating within the EU. billion euros turnover will need to report.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ATA’s ‘Freight Forecast’ report looks ahead to increasing freight volumes

Logistics Management

by 2029, which, if you think about it, is not as far away as it seems. The key takeaway of this year’s edition is that the ATA pegs freight volumes to increase 4.2% this year and by another 35.6%

Freight 54
article thumbnail

Hapag-Lloyd Orders 24 New Container Ships

MTS Logistics

The new ships will be delivered to Hapag-Lloyd between 2027 and 2029. Modern, highly fuel-efficient, low-emission, high-pressure liquefied gas dual-fuel engines will be installed in all the new vessels. Hapag-Lloyd is in charge of 287 container ships that can carry 2.2 million TEU in total.

article thumbnail

New Port Underway in India Projected to Become One of the World’s Largest

MTS Logistics

The first phase of two is expected to be completed by 2029. The construction of the port, with an estimated cost of 762 billion Indian rupees (approximately $9.14 billion) is set to begin soon.

article thumbnail

Stad Ship Tunnel: Making Shipping Easier in the Northern Seas

MTS Logistics

The project is planned to be completed by 2029, with work beginning in second quarter of 2024. If built, it will be the world’s first full-size ship tunnel. The tunnel will be 1.7 kilometers long, 37 meters high, and 36 meters wide. Once completed, the tunnel will provide a safe and efficient passage for the maritime industry.

article thumbnail

Road Network from Singapore to China

Logistics Business Magazine

trillion by 2029 with an anticipated growth of 5.24% from 2023 to 2029. Road freight has become one of the fastest-growing modes of transport in the ASEAN freight market with Thailand and Vietnam looking to invest further in infrastructure to support cross-border trade.