Hong Kong’s Second Solana ETF Launches With Lower Fees 
UK Finance Minister Healey Calls for Fiscal Discipline Amid Global Risks 
Samsung, SK Hynix Shares Fall as China's CXMT Advances DRAM Technology 
US Stock Futures Rise as Oil Prices Fall Ahead of Q3 Earnings 
Nasdaq Falls as Oil Prices Surge Ahead of Bank Earnings 
Philippines Current Account Deficit Seen at $19.1 Billion in 2026 
Orsted to Take Full Ownership of UK Offshore Wind Farm for £15 Million 
Asian Stocks Plunge as AI Chip Selloff Hits South Korea and Japan 
Russia Approves Sberbank for Crypto Exchange Services 
Amazon in Talks to Acquire AI Startup Decart for $7 Billion 
OpenAI Annualized Revenue Hits $50 Billion, Below Earlier Estimates 
Trump Defends Russian Diesel Deal Amid US Sanctions Backlash 
Samsung, SK Hynix Shares Plunge as China Chip Competition Grows 
Moonshot AI Executives Seek Settlement Ahead of Hong Kong IPO 
OpenAI Revenue Hits $50 Billion, Below Earlier $70 Billion Estimate 
Epic Games Delays Disney Shooter, Shifts to AI-First Development 
Elon Musk Accuses Indian Telecom Giants of Blocking Starlink Launch 
Add as a preferred source on Google
Nike Korea joins forces with Doosan Logistics Solutions Co. (DLS) for a groundbreaking logistics partnership to bolster automated solutions for their expansive sneaker production in the region.
Moreover, the agreement between Nike Korea and Doosan Logistics Solutions reportedly broke the record for the largest order, where the Korean logistics firm agreed to extend comprehensive services, starting from design to installing automated equipment to fitting the system, as per The Korea Economic Daily.
Doosan Logistics Solutions is a system integrator company that offers complete solutions. On Tuesday, Aug. 29, it revealed that it had secured a contract for Nike's Icheon Customer Service Center's (CSC) second expansion project.
The company explained that the deal with Nike is an extension of the first Nike Icheon expansion awarded two years ago. This is said to be the biggest project in the entire history of Doosan Logistics.
"We have gained recognition for our expertise and reliability not only among distribution and e-commerce customers but also in the manufacturing sector," a source from the company stated. "We will continue to expand our contracts by supplying state-of-the-art logistics automation systems and smart factory solutions tailored to the needs of individual customers."
Hankook Ilbo reported that as a follow-up to the 2021 Nike Icheon CSC, the initial project, the new contract states that Doosan will supply logistics automation solutions to Nike Korea's facilities, including warehouse control systems.
The latest expansion will be for the automation that will allow Nike to process and store 200,000 boxes. The aim is to allow the storage of these packages on a shuttle rack that can be as high as 26 meters. This storage is a type of shelf with automated shuttles for easy storing and retrieval of boxes.
Meanwhile, an official of DLS said they will continue to add more orders and provide state-of-the-art logistics automation systems and smart factory solutions to Nike and other companies.
Photo by: Craig Lovelidge/Unsplash
