1. Railroads are nothing new in the US. They were one of the first ways of moving cargo from place to place. The United States has one of the largest freight networks in the entire world.
2. If you’re looking to boost your company’s revenue, save money and improve the efficiency of what you do, it’s time to consider a rail-served warehouse in your future.
1. China has ratified the much-anticipated Regional Comprehensive Economic Partnership (RCEP) free trade agreement and said that it hopes other members will ratify the deal for it to take effect from January 1, 2022. That is just five months from now.
2. The RCEP free trade agreement (FTA) includes China, Japan, South Korea, the ASEAN nations of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam together with Australia and New Zealand.
3. For US businesses and investors, the RCEP’s sheer size makes it significant. Participating economies account for 29 percent of global GDP and about 30 percent of the world’s population. This equates to a market value of close to US$25 trillion and a total consumer base of about 2.5 billion, of whom an estimated 1 billion are middle-class consumers.
4. The primary aim of the RCEP is to establish a comprehensive economic partnership – building on existing bilateral ASEAN agreements within the region with its FTA partners. It will be guided by a common set of rules and standards, including lowered trade barriers, streamlined processes, and improved market access. For investors, RCEP delivers substantial new trade and investment opportunities within the participating countries and forms Asia’s largest trade bloc to date.
5. The RCEP agreement includes 20 chapters covering many of the articles typically found in a free trade agreement. Notably, it makes significant strides by harmonizing the rules of origin and strengthening IP measures.
1. The onset of COVID-19 has increased the demand for personal protective equipment (PPE). This will continue to rise, and the World Health Organization (WHO) estimated that some 89 million medical masks, along with 76 million examination gloves and 1.6 million medical goggles are needed each month to respond to the pandemic.
2. This upsurge in demand for PPE presents many scalable opportunities in Malaysia’s rubber glove industry, especially as the government has introduced new incentives for businesses. The country already supplies 65 percent of the world market for rubber gloves (300 billion pieces) and recording 52.7 billion ringgit (US$12.7 billion) worth of glove exports in 2020. This makes the products a key driver behind Malaysia’s resilient exports during a year in which global demand for the country’s resource-based and traditional manufacturing was adversely affected by the pandemic.
1. There is a tendency to pit ultrasonic level sensors and radar level sensors against one another when in reality each sensor has advantages and disadvantages that give each sensor its own place.
2. We will look at the differences in how these two technologies work and will cover the applications each sensor is best suited for.