Supply chain leaders and Chief Supply Chain Officers (CSCOs) are set to benefit from numerous exciting advancements in technology, providing them with opportunities to support new business models, augment and automate decision making, and foster ecosystem collaboration. But what makes Global Supply Chains successful in 2024? What are the main success drivers?
Over 90% of a business’s greenhouse emissions stem from its supply chain network. Managing supply chain sustainability, therefore, is pivotal in reducing the organisation’s carbon footprint. Sustainable supplier management works to identify and mitigate sources of risk throughout the supply base and helps you drive your sustainability efforts.
Even the sturdiest supply chains are vulnerable to seismic shocks, whether due to groundbreaking technological advancements, geopolitical shifts, or global crises. Amid these sources of turbulence, artificial intelligence (AI) can be a game-changer, offering a source of rapid response and sustainable solutions to keep supply chains strong.
Global trade of low-carbon hydrogen plays a vital role in driving global decarbonization, especially in transport and heavy industry sectors. However, volumes are currently held back by a variety of reasons. The looming supply shortage of green hydrogen has major global implications to limit the global temperature rise to 2°C.
Logistics, transportation, and supply chain professionals routinely navigate industry trends, challenges and opportunities. While many predict more of the same, additional issues are rising to the forefront. So, new supplychain priorities 2024 but have things really changed?
Global demand for low-carbon hydrogen is predicted to rise steadily. Demand increases are estimated to reach 150 million t by 2030 and 520 million t in 2050 — but this robust growth potential needs policy support and other factors, according to a study by Cleantech Group.
Danish renewable energy company Orsted lost a quarter of its market value Wednesday August 30, after warning of hefty impairments related to three wind projects off the east coast of the U.S., adding further pressure to an industry hit by surging costs and supply delays. Will the wind continue to blow the wrong way for wind energy companies?
Locally produced renewable hydrogen will be cheaper than that shipped in from overseas up to 2030, while it may also be cost-competitive with imports piped in from North Africa and European neighbours. However, scenarios that predict a higher overall demand for hydrogen also involve a greater dependency on imports.
The government of the Netherlands plans to host an auction to import green hydrogen or its derivatives at the end of this year or early 2024, backed by €300m ($329m) of subsidies. The tender would be held through Germany’s existing H2Global auction platform, which acts as a middleman between producers and buyers.
Electrolysers powered by nuclear generation capacity could deliver hydrogen — known as pink hydrogen — more cheaply in the United States than green hydrogen facilities hooked up to renewable energy, according to new analysis from French bank Lazard. How energy efficiencies and tax credits stimulate pink hydrogen production in the United States.