23, Jun 2026
Lenovo Recognized in the Gartner Supply Chain 25 for 2026
India, June 23: Lenovo has once again been ranked in the Gartner Supply Chain 25 for 2026, achieving its highest-ever ranking at seventh globally. The Gartner Supply Chain 25 is a renowned annual ranking of the world’s superior supply chains. Now in its 22nd year, the Gartner Supply Chain Top 25 identifies, celebrates, and profiles excellence in supply chain management. Supply chain teams use the Gartner Supply Chain Top 25 to benchmark performance, transform operations and lead in the future. Lenovo ranked eighth in 2025, 10th in 2024, and eighth in 2023.
AI Builds Greater Supply Chain Resilience
Global supply chains have faced unprecedented disruption over the past 12 months, driven by tariffs, component shortages, and geopolitical tensions. Lenovo’s strength amid these challenging circumstances has been its ability to build on its AI infrastructure behind its global supply chain, improving resilience, adaptability and execution at speed and scale.
Over the past year, Lenovo has evolved its Supply Chain Intelligence “digital nervous system” to develop iChain, a continuously learning orchestration system that coordinates thousands of suppliers and more than 30 manufacturing sites globally. iChain is delivering tangible results for Lenovo’s supply chain operations, including 60% faster decision-making, near real-time disruption response, and a 90% automation of network simulations that reduces manual analysis from two to three weeks down to two to three hours.
Lenovo remains committed to sustainability and continues to focus on future-proofing its operations by making the supply chain more resilient and intelligent.
“At Lenovo, we’ve always considered our Global Supply Chain as a key pillar of our operational excellence,” said Che Min Tu, Senior Vice President and Group Operations Officer, Lenovo. “Over the past 12 months, the ability to respond quickly to disruption has become essential for every business. By fully integrating AI into our operations, we’ve been able to meet our customer needs more quickly and respond to complex situations. We not only withstand disruption; we become stronger because of it. It’s this approach that’s helped Lenovo navigate changing market conditions, maintain a competitive advantage, and deliver its strongest year in the company’s history.”
Resilience Delivers Measurable Business Results
This resilience is translating into business performance. Lenovo retained its number one position in global PC market share, with the gap to the second-ranked competitor widening to its largest level in 15 years.
At the same time, integrating the Infrastructure Solutions Group supply chain into the broader global network has helped accelerate growth in Lenovo’s infrastructure business, supporting record operating profit and margins.
As global supply chains continue to grow more complex, Lenovo’s model is evolving beyond the high-volume PC business, where a single device can include an average of 2,500 components, to meet hypergrowth demand for AI infrastructure, enterprise solutions, and next-generation workloads. This positions Lenovo to maintain leadership in the global supply chain landscape by scaling AI server manufacturing, expanding liquid-cooled server capacity, and strengthening its global-local manufacturing network.
Lenovo’s Global, Anti-Fragile Supply Chain Strategy
Today, Lenovo’s supply chain spans more than 30 manufacturing sites in 10 markets across Asia Pacific, China, Europe, the Middle East and Africa, North America, and South America. Last year, Lenovo broke ground on a new manufacturing base in Riyadh, Kingdom of Saudi Arabia. Once operational, the advanced manufacturing facility will manufacture PCs, smartphones, and servers for the Middle East and Africa market, and will include a research and development center, talent enablement programs, and a customer experience center. Lenovo is committed to supporting the creation of thousands of local jobs, enabling knowledge transfer, and driving long-term economic value creation in Saudi Arabia.
In addition, Lenovo’s manufacturing site in Monterrey, Mexico, was recently recognized as one of 12 new additions to the World Economic Forum’s Global Lighthouse Network, a community of 201 leading manufacturers recognized for applying advanced technologies at scale. It is the second Lenovo site to receive this recognition, following the company’s site in Hefei, China, which was recognized in January 2023.
In September 2025, Lenovo announced a major investment and job expansion at its U.S. manufacturing and fulfilment campus in Whitsett, North Carolina. The three-building campus spans more than 800,000 square feet and employs approximately 1,100 people. The site supports server manufacturing, rack integration, and order fulfilment for customers across the United States.
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- By Neel Achary
23, Jun 2026
transcosmos opens a new operations center, CX Square Magok, in South Korea
Tokyo, Japan, June 23: transcosmos announced the opening of a new operations center, CX Square Magok (Magok Center), in Seoul, South Korea. With approximately 400 workstations, the center primarily provides contact center services.
transcosmos has established a contact center in Magok, an emerging business hub in southwestern Seoul where an increasing number of companies are establishing a presence, thereby expanding its infrastructure in South Korea. Magok is highly regarded as a strategic location, benefiting from an inflow of highly skilled talent and excellent transportation access, both of which are essential for securing talent and ensuring an effective operating environment for AICC (AI Contact Centers). The newly opened Magok Center is equipped with optimal AICC infrastructure that enables the rapid implementation of advanced AI services. Currently, leading Korean platform companies, as well as IT companies and global content providers driving domestic and international markets, are delivering differentiated AI experiences based on the Magok Center’s infrastructure.
The Magok Center has established a training environment optimized for AICC, with the aim of improving consultation quality and operational efficiency. The center features dedicated training rooms, enabling practical training using AI solutions such as trans-AI Tutor. In particular, by linking the entire process—from the early onboarding of new agents to the upskilling of existing agents—with actual customer interactions, the center enhances agent proficiency and the accuracy of customer service.
The interior of the Magok Center is designed to enhance agent focus and raise productivity. The center is equipped with infrastructure that prioritizes agent convenience, including independent seating arrangements and dual monitors, creating a stable work environment. In addition, break spaces designed for employee refreshment are provided as cafeteria-style lounges, enabling communication in a relaxed atmosphere.
Leveraging the Magok Center’s infrastructure, transcosmos will deliver more advanced AI services.
In South Korea, transcosmos supports the planning and execution of AI Transformation (AX) initiatives in the customer service domain by leveraging its proprietary AI technologies. By integrating generative AI and advanced data analytics into business operations, X promotes innovation in customer engagement. Centered on AICC (AI Contact Centers), transcosmos provides tailored solutions optimized across its business domains, including contact center services as well as IT, marketing, e-commerce, field services, and education (Class Cloud).
* transcosmos is a trademark or registered trademark of transcosmos inc. in Japan and other countries.
* Other company names and product or service names used here are trademarks or registered trademarks of respective companies.
23, Jun 2026
India’s Power Sector Outlook Remains Strong on Robust Demand and Policy Support
June 23: India’s power sector is expected to maintain a positive growth outlook, supported by sustained electricity demand and strong government policy backing, according to recent industry reports.
The sector continues to benefit from rising consumption driven by industrial activity, urbanisation, and increasing household electricity usage. Peak power demand has been steadily growing, reflecting the expanding needs of a rapidly developing economy.
Policy initiatives focused on capacity expansion, renewable energy integration, and grid modernisation are further strengthening the sector’s long-term fundamentals. Government efforts to improve transmission infrastructure and ensure reliable power supply are also contributing to improved efficiency and stability across the system.
Industry experts note that India’s ongoing energy transition, including the expansion of solar and wind power, is reshaping the electricity landscape while maintaining a focus on energy security and affordability.
While challenges such as distribution efficiency and financial stress in parts of the power distribution segment remain, the overall outlook for the sector is considered stable and growth-oriented.
Overall, strong demand trends combined with supportive policy measures are expected to sustain momentum in India’s power sector in the coming years.
23, Jun 2026
India Poised to Gain as Global Apparel Supply Chains Shift Away from China
June 23: India’s textile and apparel sector is expected to benefit from a growing global shift in sourcing away from China, as international buyers increasingly diversify their supply chains.
Recent industry assessments indicate that China’s share in the global apparel market is gradually declining, driven by rising production costs and strategic efforts by global brands to reduce overdependence on a single sourcing destination. This ongoing realignment is opening up new opportunities for alternative manufacturing hubs.
India is emerging as a key beneficiary of this trend, supported by its strong raw material base, established textile manufacturing ecosystem, and expanding export capabilities across garments and value-added textile products. Industry stakeholders believe that India’s integrated supply chain—from cotton production to finished apparel—strengthens its competitiveness in the global market.
The shift is also being reinforced by policy support, infrastructure improvements, and increasing participation in global trade networks, which are enhancing India’s attractiveness as a sourcing destination.
While the outlook remains positive, India continues to face competition from other Asian exporters such as Bangladesh and Vietnam, particularly in price-sensitive segments of the apparel market.
Overall, the evolving global trade environment is expected to support sustained growth opportunities for India’s textile and apparel exports in the coming years.
23, Jun 2026
India–UK Trade Deal to Boost Farmers and Fishermen: Goyal
New Delhi, June 23: The India–UK Free Trade Agreement (FTA) is expected to bring significant benefits for farmers, fishermen, and micro, small and medium enterprises (MSMEs), Union Minister Piyush Goyal said.
Goyal noted that the agreement will help expand market access for Indian products, improve export opportunities, and strengthen income prospects for key sectors of the economy, particularly those dependent on agriculture, fisheries, and small-scale industries.
He added that the FTA is designed to create a more balanced and mutually beneficial trade environment, enabling Indian producers to reach wider international markets while also encouraging investment and collaboration between the two countries.
According to him, the agreement is expected to boost employment opportunities, enhance competitiveness, and support the growth of export-oriented industries across India.
Experts believe that improved trade ties between India and the United Kingdom could further strengthen bilateral economic relations and open new avenues for cooperation in goods, services, and innovation-driven sectors.
The statement underscores the government’s focus on leveraging trade agreements to support inclusive growth and strengthen India’s global economic engagement.
23, Jun 2026
Kutch Gets Air Connectivity Boost via Mundra Airport
Mundra (Gujarat), June 23: Adani Mundra Airport has strengthened regional air connectivity by linking Kutch to eight cities, marking a significant step towards improving accessibility and unlocking the region’s economic potential.
The enhanced connectivity is expected to boost trade, tourism, and industrial activity in the Kutch region, which is already emerging as a key hub for logistics, manufacturing, and port-led development.
Officials noted that improved air links will reduce travel time, support business operations, and encourage greater investment inflows into the region. The development is also expected to benefit small and medium enterprises by improving access to major commercial centres.
Industry experts believe that better connectivity will play a crucial role in accelerating Kutch’s integration with national and global markets, further strengthening Gujarat’s position as an industrial and economic powerhouse.
The expansion reflects a broader push to enhance regional infrastructure and improve last-mile connectivity to support long-term economic growth.
23, Jun 2026
India–Russia Eastern Sea Route Gains Strategic Importance Amid West Asia Crisis
New Delhi, June 23: The India–Russia eastern sea route is gaining increased importance amid ongoing geopolitical tensions in West Asia, with shifting global trade patterns prompting renewed focus on alternative shipping corridors.
The development comes as disruptions and uncertainty in key West Asia-linked maritime routes continue to impact global supply chains. In this context, the eastern sea route between India and Russia is emerging as a more stable and strategically viable option for trade and energy movement.
Industry observers note that the route is likely to play a key role in ensuring continuity of shipments, particularly in sectors such as energy, commodities, and industrial goods. The corridor is also being viewed as part of broader efforts by countries to diversify trade routes and reduce reliance on geopolitically sensitive passages.
Experts believe the increased significance of this route reflects a wider global trend of strengthening resilient and alternative supply chains to safeguard against geopolitical risks.
The development underscores the evolving nature of international trade logistics amid ongoing global uncertainties.
23, Jun 2026
itel Disrupts Soundbar Category with the Launch of two brand new 160W and 120W Soundbars equipped with iThumpX BASS technology
June 23: itel, a leading electronics brand known for democratizing technology through its latest mobiles, televisions, and gadgets, has unveiled its all-new itel Soundbars. Combining powerful audio, advanced sound engineering, and feature-rich capabilities with premium design, the new soundbars are built for modern homes where entertainment is a complete experience. Powered by iThumpX BASS – itel’s proprietary BASS technology – the newly launched soundbars are engineered to elevate everyday entertainment into an immersive audio experience. The 160W soundbar boasts a Hi-Q Quad-speaker configuration for cinematic audio performance, while the 120W variant features dual speakers, delivering clear and immersive sound tailored to every listening experience. The speakers are made of special neodymium magnets, offering technical superiority vis a vis competitors and offering exceptional sound quality. Available in retail stores across India, the itel Soundbar 160W and Soundbar 120W are priced at Rs. 6349 and Rs. 4649 respectively.
Commenting on the launch, Mr, Arijeet Talapatra, CEO of itel India, said, “The future of entertainment lies in connected ecosystems. A soundbar is more than just audio – it’s a gateway to a smarter, connected lifestyle. As itel expands its vibrant tech ecosystem, we’re empowering consumers in Tier 3 and beyond with smart and premium experiences more accessible than ever.”
Whether users are streaming movies, playing games, or listening to music, the new range is designed to deliver impactful sound with greater depth and clarity. The itel soundbars integrate advanced audio technologies, including the state of the art DSP chipset for advanced sound separation offering a virtual 360° sound, Hi-Q Quad/Dual Drivers, LED Display, and Advanced Wind Pipe technology. Together, these features create rich and room-filling audio for a more immersive entertainment experience. itel’s new soundbars also come equipped with Bluetooth 5.3 and remote-control functionality for added convenience. Users can personalise their listening experience with three EQ modes designed for different content preferences.
The soundbars support multiple connectivity options for a seamless audio experience. Ports include TV (ARC), Optical, AUX, USB, and SW Out – making it easier to connect televisions and multiple entertainment devices through a single setup. It also can be controlled by TV remotes – adding to ease of use and enhanced convenience. The new soundbars also offer added value through select in-box benefits, including a free wall mount kit and a 12-month warranty – a hallmark of reliability for consumers.
23, Jun 2026
Gold and Silver Prices Decline Up to 3 pc Amid US Fed Rate Hike Concerns
New Delhi, June 23: Gold and silver prices fell by up to 3% amid growing concerns over a possible interest rate hike by the US Federal Reserve, which has weighed on investor sentiment in global bullion markets.
The decline reflects increased caution among investors, as expectations of higher interest rates tend to strengthen the US dollar and reduce the appeal of non-yielding assets such as gold and silver.
Market analysts said precious metals came under pressure as traders reassessed their positions in response to evolving monetary policy signals from the US central bank. A stronger dollar and higher bond yields typically reduce demand for safe-haven assets like bullion.
Despite the short-term decline, experts noted that gold and silver continue to remain important hedging instruments amid ongoing global economic uncertainties, including inflation risks and geopolitical tensions.
Traders are closely watching upcoming US economic data and Federal Reserve commentary for further cues on the interest rate trajectory, which is expected to influence bullion prices in the near term.
Overall, the precious metals market remained under pressure as global investors adjusted expectations around US monetary policy.
23, Jun 2026
True IDC Continues Investing with 6 Billion Baht in Its 7th Data Center in Northern Bangkok
Fueling Cloud and AI Growth to Drive Thailand’s Evolution into a Full-Fledged AI Economy
BANGKOK, June 23 – True Internet Data Center Co., Ltd., or True IDC, the largest data center and cloud service provider in Thailand under the Charoen Pokphand Group, announced a continuous investment of over 6 billion baht and held a groundbreaking ceremony for its 7th data center in Northern Bangkok. The primary goal is to deliver high-standard data center services that support the rapidly growing demand for Cloud and AI. This investment will strengthen the digital infrastructure to propel Thailand towards a comprehensive AI economy. The project is scheduled to launch in the third quarter of 2027.
“Today, Cloud and AI are crucial mechanisms and engines driving and enhancing business competitiveness,” revealed Mr. Thanasorn Jaidee, Managing Director of True IDC. “According to IDC, investments in AI and GenAI in the Asia-Pacific region will grow fivefold, reaching a value of 11 trillion baht by 2029, representing an average annual growth rate of 38.4%. However, a major challenge for businesses today is accessing AI Hyperscale-level infrastructure capable of fully supporting advanced processing. Our goal is to build a world-class data center to support such infrastructure.
“This project is designed as a data center with high processing capabilities, featuring a massive core network connectivity hub located in a business district, to enable both Thai and international organizations to access superior digital infrastructure. We firmly believe that this strong foundation will be a key gear accelerating Thailand to sustainably become the digital and AI economic hub of the ASEAN region.”
This new AI Hyperscale data center has been comprehensively designed and developed to meet future technological demands, featuring the following key highlights
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Global Intelligent Network Connectivity Hub: This project is a high-standard data center supporting Hyperscale computing systems and connecting to the largest core network hub in Thailand. It can transmit and exchange massive amounts of data both domestically and internationally. It supports the deployment of diverse Cloud, AI, and digital platforms, catering to organizations requiring real-time data processing.
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Strategic Location with Convenient Service Access: True IDC aims to create a diversity of data center locations. Combined with its location in Northern Bangkok, an area with continuous business expansion, convenient transportation, and proximity to the city center, it serves as an ideal choice for data center expansion. This project will enable global hyperscale customers and Thai organizations in both the public and private sectors to access high-standard data center services, allowing them to initiate system deployments and deliver digital products to end users more rapidly.
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Designed and Developed with Advanced Data Center Technology: The building and support systems are constructed using modular techniques for high-rise buildings, emphasizing precision and speed. The interior is designed to accommodate the high-density processing of CPU and GPU chips, supported by multi-layered, high-efficiency main and backup power systems. It efficiently supports both air cooling and liquid cooling systems, which can be customized to meet specific customer needs. Additionally, it features robust network and strict security systems. The location is safe from natural disasters guaranteeing continuous business operations.
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Elevating Services with International Standards and Environmental Sustainability: In terms of services, this project will operate according to the globally recognized international standards of the Uptime Institute. Furthermore, strict data governance is in place according to required standards. Sustainability management also aligns with ISO 14001 and ISO 50001 standards, covering proper environmental management and energy use, including maintaining Power Usage Effectiveness (PUE) at an optimal level.
Moving forward with the investment and construction of this 7th AI Hyperscale data center project reflects True IDC’s unwavering commitment to elevating the country’s digital infrastructure industry beyond previous limits, promoting economic driving forces, and supporting data sovereignty. This project is not only a crucial piece completing Thailand’s technological ecosystem but also a main driving force preparing Thailand to emerge as the digital hub of ASEAN.
