Supply Chain refers to the entire system of production, processing, transportation, and distribution of goods and services, from raw materials to the final customer. It encompasses all activities, organizations, people, information, and resources involved in moving a product or service from suppliers to manufacturers to wholesalers to retailers to consumers. The goal of a supply chain is to optimize efficiency, reduce costs, and enhance customer satisfaction by ensuring that products are delivered in the right quantity, at the right time, and to the right location. Supply chains can also involve third-party logistics and various technologies for managing operations effectively. Overall, the supply chain plays a critical role in the economy and in the success of businesses by managing the flow of goods and services.
Scania aims to reduce emissions by 50% by 2032, leading the trucking industry towards a sustainable future. Despite Northvolt's bankruptcy filing, Scania is diversifying its battery supply to maintain its…
The United States aims to significantly increase its production of electric vehicles (EVs), but to achieve this, it must establish a strong domestic supply chain that includes critical metals and…