QAD Precision News Round-Up for 2 August 2019
In the QAD Precision News Round-Up: 2 August 2019, the US announces tariffs on additional Chinese goods; Congress threatens US-UK trade deal; Walmart trials autonomous middle mile deliveries; Volkswagen partners with Nacex for car boot deliveries; Hermes and Liefery trial zero-emission vehicles with ONO; plus the benefits of transportation execution solutions for banks.
US TO IMPOSE TARIFFS ON ADDITIONAL CHINESE GOODS
This Thursday, US President Donald Trump announced plans to impose 10 percent tariffs on an additional $300bn of Chinese goods. The move comes as the latest round of trade talks between Washington and Beijing. The new tariffs will take effect on 1 September. As a result, almost all Chinese imports to the US will have duties. In addition, President Trump told reporters the 10 percent tariff could increase to more than 25 percent at a later stage. For more details, please see the BBC.
CONGRESS VOWS TO PROTECT IRISH PEACE DEAL
A potential trade deal between the US and the UK could be scuppered if Brexit creates a hard border on the island of Ireland. Richard Neal, a Democrat, chair of the House Ways and Means committee and co-chair of the Friends of Ireland caucus in Congress has threatened to block a US-UK trade deal if Brexit undermines the peace in Northern Ireland. Both President Donald Trump and Prime Minister Boris Johnson have promised that a substantial trade deal can be done once the UK leaves the European Union. However, there is bipartisan opposition to any trade deal that threatens the 1998 Good Friday agreement, and to the open border between Northern Ireland and the Republic. Pete King, Neal’s co-chair of the Friends of Ireland group and a Republican, called endangering peace in Northern Ireland a “needless provocation.” Furthermore, King added that the Republican Party would defy President Trump on a trade deal that threatened the Good Friday Agreement. For more information, please see The Guardian.
VOLKSWAGEN AND NACEX ANNOUNCE CAR BOOT DELIVERY SERVICE
Volkswagen Spain and Nacex have announced the launch of a car boot delivery service in Spain, called We Deliver. To use the service, the owner of a Volkswagen car must register with the Volkswagen We platform. If not, the customer can register after receiving an email from Nacex. Should customers want car boot delivery, they give consent to Volkswagen, along with a time slot and area where the vehicle is parked. Nacex’s couriers are able to locate the car by an app. They will then request access to the car b and have 30 seconds to open the boot and leave the parcel. Manuel Orihuela, Deputy General Manager at Nacex, stated “We are offering our customers an innovative service based on technology and security that will simplify their delivery experience”. The service should be available from October 2019. For more information, please see Transport Intelligence.
WALMART AND GATIK ANNOUNCE AUTONOMOUS MIDDLE MILE DELIVERY
Walmart and autonomous vehicle company Gatik announced a self-driving delivery pilot. Robovans will move groceries from a Walmart distribution center in Rogers, Arkansas to a retail store in Bentonville. The vehicles use Gatik’s self-driving system, along with a safety driver, and will be in operation seven days a week. Tom Ward, Walmart senior vice president, digital operations, stated that this project will help Walmart to learn more about autonomous-vehicle technology. For more information, please see Freightwaves.
ONO PARTNERS WITH HERMES AND LIEFERY TO TEST E-CARGO VEHICLES IN BERLIN
Carriers Hermes and Liefery, along with German e-mobility company ONO have partnered for two pilot projects in Berlin. The projects includes the use of ONO’s Pedal Assisted Transport (PAT) delivery vehicles. ONO’s “mission-free and weather protected” vehicles have two electric motors and a volume load of over 2 cubic metres at full capacity. The company said that its vision is “to create cleaner and more enjoyable cities” by reducing traffic jams as well as pollution caused by exhaust fumes. The first four-week pilot project with Hermes launched on the 29th of July. A second four-week project with Liefery will follow. For more details, please see click here.
QAD Precision News
BANKING WITH MINIMAL RISK – THE RELATIONSHIP BETWEEN TRANSPORTATION EXECUTION AND FINANCIAL SUCCESS
Banks and financial institutes spend a lot of money annually on shipping. Although many documents can be transferred electronically, banks and financial institutions still incur significant costs to ship physical documents across town and around the world. This can be an expensive process, in terms both of financial loss associated with lost currency, as well as documents and other valuables. In addition, there is the possibility of lost customer goodwill when shipments arrive late, or not at all. These factors result in a critical need for banks to ensure that not only are the documents and other items they ship well protected, there is also a need to ensure those shipments arrive on time. Transportation execution systems allow financial institutions to do just that. In this QAD Precision Report, we look at the relationship between transportation execution, customer satisfaction and financial success. To read the full report, please click here.
QAD PRECISION SPONSORS ORACLE OTM USER CONFERENCE IN PHILADELPHIA
SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Precision (formerly known as Precision Software), an industry-leading provider of multi-carrier shipping, transportation execution and global trade management solutions, will sponsor this year’s Oracle OTM User Conference in Philadelphia, PA from August 4-7, 2019. QAD Precision is a division of QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB). To read the press release, please click here.
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