South Korea’s auto industry has become increasingly dependent on China for parts, leading to calls for supply chain diversification. Cho Chul, an analyst with the Korea Institute for Industrial Economics and Trade (KIET), a government-funded think tank, recently highlighted how automobile parts imports from China have increased over the past two decades. “China only accounted…
South Korea Becomes More Reliant on China for Auto Parts, Expert Urges Supply Chain Diversification
June 24, 2022
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Western Australia to See $2B Urea Manufacturing Facilities Amid Global Shortage
Western Australia (WA) is set to host two separate billion-dollar urea manufacturing projects that will sever Australia’s dependence on imports amid global supply chain chaos. Australia relies almost entirely on imports of urea to sustain its agricultural and trucking industry, with the ingredient used in the production of fertiliser, along with being the primary ingredient…
Australia to Boost Urea Production to Keep Trucking Industry Moving
The Australian government has agreed to help national industry rapidly design and develop new urea manufacturing capabilities to tackle a looming shortfall that could ground the nation’s diesel fleet. To address the impending deficit, the Australian government has struck a deal with fertiliser manufacturer Incitec Pivot to immediately begin the design, trial, and testing of…
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