Crown Mongolia Opens New Warehouse Facility
The Crown Worldwide Group has made a strategic investment in the emerging market of Mongolia by pioneering the country’s first state-of-the-art facility in Ulaanbaatar.
Crown Mongolia’s new warehouse is built on the 10,000 square meter, or about 2 acres land plot owned by Crown. Three business divisions are represented at this location including logistics, records management and relocations/household goods services. Being the first international standard warehouse in Mongolia, Crown’s new facility is a leader of its kind in the country.
James Thompson, Deputy Managing Director for Crown Mainland China and Mongolia said: "We are further strengthening the Crown network in Asia and also showing dedication to support our international clients with businesses in Ulaanbaatar, Mongolia. I am pleased to announce that Crown is the first global corporation to construct our own international standard facility in Mongolia."
The facility will have 24-hour security, CCTV cameras and is fully equipped with fire detection and sprinkler systems. Crown will also implement environmentally friendly features to the facility such as carbon offset, rainfall collection/recycling systems, temperature control and solar panels. There is an additional 6,500 square meter or 86,111 square foot plot of land that is reserved for phase two of the project; securing Crown land for future expansion. With the shortage of such high quality, safe and secure warehousing in Ulaanbaatar, the new Crown facility will take a pioneering position in the Mongolian market. Crown’s strategic investment in this emerging country shows the company’s commitment to Mongolia, its economy and business development as well as its community.
The grand opening ceremony of the new Crown facility in Mongolia will be held on Monday, June 18, 2012. Crown Chairman and Founder, Jim Thompson and David Muir, CEO of Crown Europe/Middle East/Africa region, will be among the attendees at this event.
About Crown Worldwide Group
Crown Worldwide Group operates from more than 265 locations in almost 60 countries. Established in 1965, the Crown Worldwide Group is a privately held company with global headquarters in Hong Kong.
Visit Crown on the Web at www.crownworldwide.com.
Biden establishes Supply Chain Disruptions Task Force
The US government is to establish a new body with the express purpose of addressing imbalances and other supply chain concerns highlighted in a review of the sector, ordered by President Joe Biden shortly after his inauguration.
The Supply Chain Disruptions Task Force will “focus on areas where a mismatch between supply and demand has been evident,” the White House said. The division will be headed up by the Secretaries of Commerce, Transportation, and Agriculture, and will focus on housing construction, transportation, agriculture and food, and semiconductors - a drastic shortage of which has hit some of the US economy’s biggest industries in consumer technology and vehicle manufacturing.
“The Task Force will bring the full capacity of the federal government to address near-term supply/demand mismatches. It will convene stakeholders to diagnose problems and surface solutions - large and small, public or private - that could help alleviate bottlenecks and supply constraints,” the White House said.
In late February, President Biden ordered a 100 day review of the supply chain across the key areas of medicine, raw materials and agriculture, the findings of which were released this week. While the COVID-19 health crisis had a deleterious effect on the nation’s supply chain, the published assessment of findings says the root cause runs much deeper. The review concludes that “decades of underinvestment”, alongside public policy choices that favour quarterly results and short-term solutions, have left the system “fragile”.
In response, the administration aims to address four key issues head on, strengthening its position in health and medicine, sustainable and alternative energy, critical mineral mining and processing, and computer chips.
Support domestic production of critical medicines
- A syndicate of public and private entities will jointly work towards manufacturing and onshoring of essential medical suppliers, beginning with a list of 50-100 “critical drugs” defined by the Food and Drug Administration.
- The consortium will be led by the Department of Health and Human Services, which will commit an initial $60m towards the development of a “novel platform technologies to increase domestic manufacturing capacity for API”.
- The aim is to increase domestic production and reduce the reliance upon global supply chains, particularly with regards to medications in short supply.
Secure an end-to-end domestic supply chain for advanced batteries
- The Department of Energy will publish a ‘National Blueprint for Lithium Batteries’, beginning a 10 year plan to "develop a domestic lithium battery supply chain that combats the climate crisis by creating good-paying clean energy jobs across America”.
- The effort will leverage billions in funding “to finance key strategic areas of development and fill deficits in the domestic supply chain capacity”.
Invest in sustainable domestic and international production and processing of critical minerals
- An interdepartmental group will be established by the Department of Interior to identify sites where critical minerals can be produced and processed within US borders. It will collaborate with businesses, states, tribal nations and stockholders to “expand sustainable, responsible critical minerals production and processing in the United States”.
- The group will also identify where regulations may need to be updated to ensure new mining and processing “meets strong standards”.
Partner with industry, allies, and partners to address semiconductor shortages
- The Department of Commerce will increase its partnership with industry to support further investment in R&D and production of semiconductor chips. The White House says its aim will be to “facilitate information flow between semiconductor producers and suppliers and end-users”, improving transparency and data sharing.
- Enhanced relationships with foreign allies, including Japan and South Korea will also be strengthened with the express proposed of increasing chip output, promoting further investment in the sector and “to promote fair semiconductor chip allocations”.