DP World in pact to build $1.2b container port and logistics park in Indonesia

Dubai: DP World, the leading provider of smart supply chain logistics, alongside its partner Caisse de dĂ©pĂ´t et placement du QuĂ©bec (CDPQ), a global investment group, signed a long-term agreement with Indonesia’s Maspion Group to start the construction of an international container port and industrial logistics park in Gresik. Work on the projects is expected […]

Virgin Galactic chairman sells $213 million stake

Virgin Galactic Holdings Inc. Chairman Chamath Palihapitiya sold his personal holding in the space-tourism company founded by Richard Branson, raising $213 million (Dh782 million). The Sri Lanka-born businessman disposed of 6.2 million shares at an average price of $34.32 this week, based on a filing with the US Securities & Exchange Commission. He still owns 15.8 […]

5 tips to manage supply chain risk in uncertain times

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” This famous Warren Buffet quote serves as a reminder to all businesses that – no matter what size or industry of operation – a risky supply chain – could be severely hurting […]