- In a recent Reuters poll, findings showed that China’s factory activity likely contracted at a slower speed in May. The reason being that virus curbs were lifted in major manufacturing hubs in May. Julian Evans-Pritchard, an economist at Capital Economics shared in an interview that there are early signs that indicate conditions improved slightly in May after the manufacturing PMI took a large dip in April – which was the second-weakest on record.
Source: Hellenic Shipping News. Read the full article here.
- Given the recent desire for sustainability efforts from customers and shareholders, larger corporations have felt pressure to become more sustainable in a timely fashion. This includes but is not limited to: eco-friendly packaging, clean energy and reducing food waste. While these changes can’t all happen overnight, thanks to advanced technology we can now enable an immediate reduction of CO2 emissions that are associated with any waste in the transportation industry which is a major sustainability effort.
Source: Supply Chain Brain. Read the full article here.
- In a recent report by Technavio, the findings showed that the fast food market is on track to grow to $87.27 billion by 2025. In 2021 alone, the market increased by 1.84% year-over-year-growth.
Source: QSR Web. Read the full article here.
