In the Precision Software News Round-Up: 24 August 2018, China and the US trade tariffs, Total pulls out of Iran, and Google looks set to open a retail store. Also this week, we look at the benefits of multi carrier shipping in the Precision Report, and DHL eCommerce opens new delivery lanes for Chinese online retailers.
US-CHINA TRADE WAR HEATS UP
This Thursday, the trade war between the United States and China escalated. Each have imposed 25 percent tariffs on $16 billion worth of the other’s goods. That is despite two days of talks in Washington by mid-level officials from both countries. The US is also considering imposing duties on an additional $200 billion worth of Chinese products. China called the US “obstinate” and warned that Beijing would take further action.
“China resolutely opposes this, and will continue to take necessary countermeasures,” said China’s commerce ministry in a statement.
“At the same time, to safeguard free trade and multilateral systems, and defend its own lawful interests, China will file suit regarding these tariff measures under the WTO dispute resolution mechanism,” it said. For more on this, please see The Irish Times.
TOTAL QUITS MULTI-BILLION IRAN PROJECT
French energy company Total has quit its multi-billion dollar gas project in Iran. European Union officials are working to save the Joint Comprehensive Plan of Action. However, the United States has repeatedly warned that any company violating the re-imposed sanctions on Iran will be penalized. Europe, along with China and Russia have encouraged companies to remain working with Iran. Despite this, many major companies have pulled out of Iran fearing repercussions. The US has offered to negotiate a different nuclear deal. President Donald Trump believes the 2015 deal to be “deeply flawed” and wishes to take a tougher stance. Tehran has rejected the offer. For more on this, please click here.
DHL ECOMMERCE CHINA EXPANDS DIRECT LANES
DHL eCommerce China is to add new trade lanes to Parcel International Direct. This will allow Chinese merchants to ship goods directly to Canada, France and Germany. Currently online retailers in China can only ship to the United States and the United Kingdom. Cross-border shopping is growing around the world and in these markets. About 45 percent of online shoppers in Canada shop cross borders. The same is true for 40 percent of shoppers in Germany. The majority of these purchases are from within the same geographic region. However, this may change once low cost express options make shopping internationally more viable. For more on this, please click here.
GOOGLE TO OPEN CHICAGO STORE
It has been a difficult — and confusing — time for retail. Venerable companies are shutting up shop unable to compete with e-commerce upstarts. At the same time, internet behemoth such as Amazon and Wayfair are opening bricks-and-mortar stores. Now it looks like Google is to follow suit. Reports suggest that the search engine giant is to lease a 14,000-square-foot property in Chicago’s Fulton Market district. Google has opened pop-up shops, but this is set to be a permanent retail store. For more information, please click here.
The Precision Report
FIVE BENEFITS OF USING MULTIPLE CARRIERS
At first glance, a strong relationship with a reliable carrier makes sense. You can negotiate decent rates, as well as streamline and standardize your shipping processes. But using just one carrier has many risks. These include higher costs and less flexibility to accommodate customer requests. Plus, if your carrier changes their geographic footprint, you might not be able to deliver to customers at all. In the lastest Precision Report we discuss five good reasons why you should choose a multi carrier strategy. To read the full report, please click here.