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DHL Supply Chain logistic facility comes to Germany: DHL Supply Chain is set to open a new carbon-neutral 34k sqm logistics facility at Germany’s Halle (Saale) at the start of 4Q 2024, according to a press release. The new center — which can handle nearly 55k pallet spaces — is an expansion of the company’s current operational capacities at the multi-user campus in Leipzig/Halle. Situated next to several modes of transport, the new facility will offer space for customers requiring logistics operations in Germany, Europe, or across the globe.
Australia + EU ink mineral agreement: Australia has inked an agreement with the EU to bolster cooperation and investment in critical minerals, which is set to be followed by joint development of actions over the next six months to improve cooperation on critical mineral projects, Bloomberg reports. The two sides will look to boost investment through JVs and research and innovation. This agreement aims to counter China’s control over the supply chains for materials used for high-tech and green manufacturing, as well as to ensure the EU has a more sustainable supply of critical raw materials.
Australia has large amounts of untapped mineral deposits and it is looking to build up its domestic industry, EU Commissioner for Trade Valdis Dombrovskis said. In recent years, the US and its allies have been actively seeking alternative suppliers for crucial minerals like lithium, cobalt, and nickel. These minerals are essential for manufacturing various equipment, from computer chips and solar panels to military hardware. With China dominating much of the supply, there's concern that the US could face export limitations, especially amid the escalating strategic rivalry between Washington and Beijing.
US-China tensions may be a boon for Southeast Asian economies: More and more companies are shifting their production base in order to avoid tariffs and other trade barriers, which may lead to doubled exports from some Southeast Asian economies over the next six years, Bloomberg reports. The main countries benefiting from the shift away from China are India, Vietnam, Malaysia, and Mexico, the outlet writes, citing a report from Nomura. “With US-China trade tensions intensifying, firms are looking to reduce their over-reliance on China and diversify supply chains, or are shifting production to bypass trade restrictions and hedge against the risk of further sanctions,” analysts said. Vietnam's exports are expected to double to USD 750 bn a year by 2030, and Malaysia’s will reach USD 652 bn, according to Nomura.
