Aluminum surged to a 13-year high in London as booming demand and a swath of smelter closures from China to Europe bring the risk of shortages of the crucial industrial metal. Prices rose as much as 3.3% to $3,236 a ton on the London Metal Exchange, surpassing a peak in October to reach the highest …
Companies are bracing for more steep increases in shipping and logistics prices next year after supply-chain costs soared in the scramble to move goods during the Covid-19 pandemic. Transportation and logistics providers are seeking big boosts in prices for contracts for the coming year, signaling that the inflationary pressure driven by strong demand and tight …
Shipping and Logistics Costs Are Expected to Keep Rising in 2022 Read More »
According to the report “Global LED Lighting Market Report and Forecast 2022-2027”, the global LED lighting market attained a value of about USD 64,382 million in 2021. Aided by the rising environmental consciousness worldwide, the market is projected to further grow at a CAGR of 9.1% between 2022 and 2027 to attain around USD 109,661 …
Global LED Lighting Industry Trends and Growth Forecast 2022-2027 Read More »
According to a new research report by Global Market Insights, Europe LED Lighting Market size is set to exceed USD 30 billion by 2024. Four trends influencing Europe LED lighting market expansion: rising smart city initiatives to propel the industry growth by 2024. Aided by the ongoing trend of LED adoption fueled by escalating demands …
Europe LED Lighting Market Size is Set to Exceed USD 30 billion by 2024 Read More »
The Saudi Arabian lighting market was valued at $1,350.0 million in 2020, and it is expected to grow at a CAGR of 10.2% during 2020–2030. The key factors driving the market include the rising adoption of LEDs because of their customization benefits, energy efficiency, and declining prices, growing trend of smart homes, and development of …
China-Europe rail freight volumes have passed last year’s total, while tension on the Poland-Belarus border has seen alternative routes jostling for a favour. According to China Railway, between January-October there were 12,605 train trips, carrying 1.22m teu, up respectively 26% and 33% year on year, beating 2020’s 1.14m teu. The railway operator noted there were …
China-Europe Rail Freight Rising, But Border Tension Sparks New Routes Read More »
Holiday retail sales are likely to increase between 7% and 9% in 2021, according to Deloitte’s annual holiday retail forecast. Overall, Deloitte’s retail and distribution practice projects that holiday sales will total $1.28 to $1.3 trillion during the November to January timeframe. Deloitte also forecasts that e-commerce sales will grow by 11-15%, year-over-year, during the …
Last Monday, Wen Peng was working the late shift at a parts factory in central China’s Hunan province when the power cut off. It was just after midnight. “The machines stopped working, so the factory sent us home,” he said. Parts of China have been experiencing power cuts that are hitting millions of homes and …
Russia is experiencing a boom in China-Europe rail freight volumes, but it is bringing congestion at key border crossings. According to Russian Railways (RR), January-to-September volumes were up 47% year on year, to 568,700 teu, more than during the whole of last year. Trains from China to Europe carried 379,600 teu, up 40%, but the …
China-Europe rail freight boom brings congestion at the borders Read More »
In this press release, TrendForce details 10 major trends that are expected to take place across various segments in the tech industry, as follows: Micro/Mini LED display development will revolve around active matrix solutions A substantial number of technical bottlenecks in Micro LED development will still persist in 2022. While Micro LED manufacturing costs are …
TrendForce Announces 10 Tech Industry Trends for 2022 Read More »
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