BMZ, Continental Create Digital Traceable Rubber Supply Chain
The German Federal Ministry of Economic Cooperation and Development (BMZ) and technology company Continental have successfully documented the entire rubber supply chain – from cultivation and further processing through to tire production – through a digital tracing system.
Through an ongoing partnership, they aim to gradually expand electronic traceability within natural rubber supply chains and contribute to the global improvement of sustainability in the natural rubber sector.
Explainer: What we know about China’s ‘dual circulation’ economic strategy
Under the “dual circulation” strategy, China, which boasts the most complete supply chain in the world, aims to boost tech innovation and push Chinese firms up the global value chain.
Chinese President Xi Jinping said that the China supply chain will rely mainly on “internal circulation” in its long-term development.
TPT South Africa partners with TCS for logistics supply chain transformation
Global tech company TATA Consultancy Services (TCS) has sealed a partnership with Transnet Port Terminals (TPT) in South Africa, part of state-owned freight transport and handling company Transnet SOC, to help the latter develop an online marketplace platform.
The “Cargo Connect” app will bring together all logistics players under one platform, where customers can submit logistics related requests, select the preferred proposal, and award a cargo contract to the chosen bidder.
Mastercard and Asian Development Bank build multi-stakeholder alliance to digitalize supply chains for wholesalers
A new alliance between Mastercard, its partners N-Frnds, SGeBIZ, and Finastra, and Asian Development Bank (ADB) is being launched to create technology solutions that will make it easier for small and medium-sized businesses in Asia participate in global supply chains.
“Innovative partnerships like this one can support the agility and resilience of supply chains, accelerating access to finance and improving efficiency,” said Michael Froman, Mastercard vice chairman and president for strategic growth.
How Will Medtech Recover in the Recovery?
While supply chains have generally responded well during the Coronavirus crisis, additional resilience could be provided through improved demand forecasts and transparency along the supply chain, according to a joint report from the UK’s Life Science sector.
The report, which explores how medtech should respond in the recovery following COVID-19, calls for support for supply diversification, international inventory management, and the development of a strategic reserve of essential products.