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Meanwhile, Alibaba has put a hold on Hong Kong IPO plans for its grocery chain Freshippo. The Alibaba Group’s logistical arm Cainiao Network Technology is set to reportedly file for its Hong Kong Initial Public Offering (IPO) by next week, making it one of Alibaba’s first units to go public. According
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Numerous industries are embracing the use of AI because of the technology’s transformative potential. In the context of supply chains and logistics, many companies have been exploring AI-driven solutions to enhance their workflow efficiency and overcome the complexities involved in managing the movement of goods from companies to the
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Amazon is prioritizing using artificial intelligence (AI) to enhance delivery speed by reducing the distance between products and customers. Speaking to CNBC on May 15, Stefano Perego, vice president of customer fulfillment and global operations services for North America and Europe at Amazon, said that artificial intelligence plays a role
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With the IPO move in full force, the logistics arm of Alibaba is looking forward to raising between $1 billion and $2 billion. Cainiao Network Technology, the logistics arm of online marketplace Alibaba (NYSE: BABA), is seeking an initial public offering (IPO) in Hong Kong early next year. In the post-hours trading
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Supply chain reliability and efficiency are always a concern for product-based businesses, but their importance was spotlighted recently as multiple industries struggled both with obtaining needed materials and keeping their products continually available on store shelves. Companies looking for streamlined, easy-to-manage and safe solutions may be considering blockchain as an
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After Danish logistics firm Maersk terminated its blockchain-based supply chain platform last year, industry builders have not given up on blockchain applications in global trade.Hong Kong-based Global Shipping Business Network (GSBN), a non-profit consortium focused on blockchain trade applications, is bullish on blockchain as a crucial logistics tool in the
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Union Bank’s financial supply chain platform to be integrated with XLOG’s logistics platform. Union Bank of the Philippines and fintech firm XLOG have teamed up to offer the Philippines’ first blockchain-powered supply chain financing solution embedded in a logistics platform. “We are firm believers in how blockchain technology can bridge gaps in
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Canadian Pacific – in operation since 1881 – has joined blockchain-based logistics platform TradeLens. Source
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Logistics and blockchain can be combined to make great improvements in the logistics field. Both carrier and receiver can get a lot of benefits from this synergy. This post explains what advantages does blockchain bring to logistics and how it can be implemented into the niche.Advantage of blockchain in logisticsBefore
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