The Indian government has reinstated full benefits under the RoDTEP scheme for exporters impacted by the West Asia crisis, addressing rising logistics costs and supply chain issues linked to the Strait of Hormuz closure. This restoration is vital for labor-intensive sectors facing heightened freight rates and War Risk Surcharges, ensuring competitiveness amidst challenges.
An increasing number of maritime suppliers are identified with significant cyber vulnerabilities, prompting shipowners to enhance supply-chain due diligence. Recent research reveals that over 28% of evaluated suppliers face high cyber risks. This trend underscores the growing importance of integrating verified ESG and cyber indicators into procurement strategies to mitigate risks.
AM Green, alongside Greenko founders, has partnered with the Port of Rotterdam Authority to create a green energy supply chain linking India and Northwestern Europe. This $1 billion agreement aims to trade 1 million tonnes of green fuels annually, supporting India’s green hydrogen development and Europe’s decarbonization goals.
Three quarters of businesses worldwide are revamping their supply chains by collaborating with more suppliers to manage risks in an increasingly fragmented global landscape. Research from Economist Impact and DP World at the World Economic Forum highlights the strategic shift in response to escalating geopolitical uncertainty fueled by ‘America first’ policies.
