In the Precision Software News Round-Up: 27 July 2018 trade relations between the US and the EU thaw, Ireland’s logistics industry is warned to prepare for a no-deal Brexit and in the Precision Report, we argue that integrated trade and transportation is necessary for efficient global trade processes. Plus Aldi launches a spirits home delivery service and DHL Global Forwarding partners with Ethiopian Airlines.
US AND EU TO WORK TOWARDS ZERO TARIFFS
The potential trade war between the United States and the European Union appears to be off the table. This Wednesday, the US and the EU agreed to work towards zero tariffs, barriers and subsidies. In addition, the EU pledged to work to reform global trade. President Donald Trump and Jean-Claude Juncker, president of the European Commission, agreed that no new tariffs will be imposed. They also promised to resolve the issue of the steel and aluminum tariffs imposed by the US. Experts argue that the current warming of relations may not last once negotiations get underway. Furthermore, the EU has agreed to buy billions of dollars of American exports, including soya beans. Farmers, in particular soya bean farmers, have been hard hit by retaliatory tariffs imposed by China and the EU. For more on this, please see The Guardian.
IRISH LOGISTICS SHOULD PREPARE FOR A NO-DEAL BREXIT
The Freight Transport Association of Ireland (FTAI) has told its members to prepare for a “no-deal” Brexit when the United Kingdom leaves the European Union next March. This week the EU Commission rejected many of the UK’s white paper recommendations on the withdrawal. The FTAI has urged members to prepare contingency plans and examine Brexit worst case scenarios. For more information, please click here.
JOINT VENTURE BETWEEN DHL AND ETHIOPIAN AIRLINES
DHL Global Forwarding and Ethiopian Airlines are to work together to provide logistics services across Africa. The joint venture, DHL-Ethiopian Airlines Logistics Services, will be based in Ethiopia. Ethiopian Airlines will provide “regulatory and operational support” while DHL Global Forwarding is to establish air, ocean and road freight connections between Ethiopia and the rest of the world. For more on this, please click here.
BAD DELIVERY MEANS 1 IN 3 AUSTRALIANS WILL NOT REORDER
A retail e-commerce survey has found that one in three Australians will not reorder with a company after a bad delivery experience. This should worry retailers since the same survey found that 65 percent of Australians have had a disappointing delivery. Younger people are the most likely to punish a brand for poor delivery. The survey found that 41 percent of 26 to 33 year olds are unlikely to buy from a brand again after a bad delivery experience. Furthermore, 39 percent of 18 to 25 year olds and 36 percent of those aged between 42 and 49 year olds feel the same. In contrast, only 20 percent of retirees would not give a company return business after a poor delivery experience. You can read more on this here.
ALDI LAUNCHES SPIRITS HOME DELIVERY IN THE UK
Supermarket giant Aldi has launched a home delivery services for its range of alcoholic spirits. Aldi reportedly sells more than 12,000 bottles of gin every day. According to Aldi, they experienced a 75 percent increase in gin sales in 2018. Whisky sales are also up, reaching £50m in the past year. Shoppers using the service can choose from a range of around twenty spirits as well as wine. Consumers can choose to click-and-collect or have their purchased delivered to their homes. However, Aldi is not currently offering same-day delivery. Consumers must place their orders before 7pm Monday to Thursday. These are delivered on the next working day. The service is available in the UK, except in Northern Ireland. You can read more on this at The Independent.
THE PRECISION REPORT
GLOBAL TRADE EXECUTION: WHY A SINGLE SOLUTION IS A SUPERIOR STRATEGY
As cross-border commerce grows, facilitating global trade is becoming a more urgent business problem for organizations that ship internationally. To handle this growth, organizations must streamline processes while ensuring compliance with global trade rules. In the latest Precision Report we look at global trade and argue that integrating shipping and trade management-related business processes is the first step to building a more efficient global trade execution system. To read the full report, please click here.