In the Precision Software News Round-Up: 13 July 2018 President Trump says a soft Brexit will kill a US/UK trade deal, CMA CGM quits Iran, the US and Iran saber rattle over the Strait of Hormuz, and in the Precision Report, we outline four critical questions to ask when choosing multi carrier shipping software.
President Donald Trump’s first official visit to the United Kingdom got off to a rocky start when he warned that a soft Brexit would “kill” Britain’s chances of striking a trade deal with the US. President Trump also claimed that Theresa May ignore his advice and suggested that Boris Johnson would make a great prime minister. Although this was widely seen as a public humiliation of May, the White House press secretary Sarah Huckabee Sanders insisted the president “likes and respects Prime Minister May very much.” The official visit has also been met with protests across the UK. For more on this, please see The Guardian.
French cargo shipping giant, CMA CGM announced it was to halt service for Iran as it did not want to violate US sanctions. The company has a large presence in the US. CMA CGM is not the first container shipping company to cease their Iranian services. This May, A.P. Moller-Maersk announced it was pulling out of Iran. Iranian president, Hassan Rouhani demanded that Europe to do more to offset US measures. After pulling out of JCPOA — the Iran nuclear deal — the US ordered all countries to stop buying Iranian oil by November. The US also demanded that foreign firms cease doing business in Iran or face reprisals. Last week, foreign ministers from Britain, France, Germany, China and Russia offered a package of economic measures to Iran. However, Tehran said the package did not go far enough. For more on this, please see Reuters.
More news from Iran this week. Tehran threatened to block the Strait of Hormuz passageway in response to looming sanctions against Iranian oil exports. The US military said it would counter any such action with force. During a visit to Europe, President Hassan Rouhani suggested that Iran could disrupt regional crude shipments as well as end cooperation with the UN nuclear watchdog. For more on this, please see The Guardian.
UPS has begun hiring staff for their new Atlanta hub. The company plans to hire 2,500 to 3,000 people by November, 700 of whom will receive full-time positions. The facility starts operations on 6 August and will gradually ramp up to meet peak season shipping over the holiday period. The new hub will be the company’s second largest ground facility in the US. Bob Latchford, vice president of transportation for the facility, said the hub would take on package volume from smaller UPS facilities in the area. For more on this, please click here.
The availability of industrial space declined for its 32nd consecutive month in Q2 of this year. That’s according to CBRE, which reported that availability dropped by 10 basis points to 7.2 percent. CBRE claimed that e-commerce growth is behind the continued decline. According to Supply Chain Dive, the problem is not lack of warehouses, but rather that companies cannot find the right kinds of warehouse space for their needs, particularly, warehouse space that is compatible with new technology. For more on this, please see Supply Chain Dive.
Global enterprises are sending more parcel shipments to more locations than ever before. E-commerce and cross-border shipping have significantly increased, while transportation costs are rising and capacity is being squeezed. All this activity has brought an influx of global, national, and regional carriers to meet demand. Each of these have different service levels, cost structures and delivery options. As a result, global parcel shipping has become a far more complex and challenging task. However, as smaller more regular parcel shipments have become the norm for many enterprises, managing this aspect of logistics is a critical driver of profitability and customer satisfaction. In the latest Precision Report, we look at multi carrier shipping software and outline 4 crucial questions to help you choose the best solution for your needs. Please see the full report here.