In the QAD Precision News Round-Up: 10 January 2020, UK PM Boris
Johnson begins talks with Ursula von der Leyen; UK car sales at
lowest since 2013; President Trump threatens Iraq with sanctions; is
your transportation execution strategy ready for 2020 plus more.
BORIS JOHNSON TO MEET WITH URSULA VON DER LEYEN
On Monday it was announced that UK Prime Minister Boris Johnson was
to host the President of the European Commission, Ursula Von Der Leyen
in Downing Street, as preparations to take Britain out of the EU at
the end of this year are underway. It is expected that Boris
Johnson will reiterate the government’s determination not to extend
the transition period. During the transition, the UK remains subject
to many EU rules and structures. This period comes to an end on 31
December 2020. For more information, please see The Guardian.
USMCA NEARS FINISH
On Tuesday, the US Senate Finance Committee voted 25-3 to move the
US-Mexico-Canada Agreement (USMCA) Implementation Act forward. The
next stage is for the full Senate to approve the updated NAFTA deal,
which was passed by the House of Representatives on December 19. At
present, Mexico’s Senate has already ratified the USMCA, and Canada’s
Parliament is expected to do so soon. For more information, please see
US THREATENS SANCTIONS IF TROOPS ARE EXPELLED FROM IRAQ
US President Donald Trump has threatened to impose sanctions on Iraq
after its Parliament asked US troops to leave. According to President
Trump, the US has an “extraordinarily expensive” air base in
Iraq. President Trump stated that troops will not leave the country
until the US is paid back for the base. Iraq's request follows
the assassination of Iranian General, Qasem Soleimani last week.
Tensions between the US and Iran are high, and Iran has vowed “severe
revenge.” For more details, please see the BBC.
CHINA’S VICE PREMIER TO SIGN US TRADE DEAL NEXT WEEK
Next week, China’s Vice Premier Liu He, head of the country’s
negotiation team in the China-US trade talks is due in Washington. Liu
will sign “Phase 1” of the trade deal with the US, according to the
commerce ministry. This deal, reached last month, is expected to cut
tariffs in return for increased Chinese purchases of US farm, energy
and manufactured goods. Additionally, disputes over intellectual
property will be addressed. For more details, please see Reuters.
AMAZON ANNOUNCES OPENING OF PHYSICAL STORE IN GERMANY
E-commerce giant, Amazon has announced plans to open physical stores
in Germany. The move appears to be the online retailer’s next step in
an effort to establish itself as a bricks-and-mortar presence.
Amazon’s chief executive in Germany, Ralf Kleber, stated that the
country is Amazon’s second largest market. Therefore, it is likely to
be the next country to see the online retail giant open physical
stores. For more details, please see Charged Retail.
UK CAR SALES AT LOWEST SINCE 2013
Last year, the number of new cars sold in Britain fell to its lowest
since 2013. Reasons for falling sales include increased restrictions
on diesel vehicles and Brexit uncertainty. In 2019, new car
registrations declined by 2 percent to 2.31 million, according to
provisional data from the Society of Motor Manufacturers and Traders
(SMMT). For more information, please see Reuters.
UK RETAIL SALES DECLINE IN 2019
Figures from the latest Retail Sales Monitor found that retail sales
in the UK decreased by 0.1 percent in 2019. In 2018, the retail
industry experienced 1.2 percent growth. Helen Dickinson, British
Retail Consortium chief executive, said that the overall figures
revealed that 2019 was the worst year on record. 2019 was also the
first year to show a decline in retail sales. According to Ms.
Dickinson, reasons for the decline include shop closures, job losses,
and the ongoing impacts of Brexit uncertainty. For more information,
please see Retail Gazette.
QAD Precision News
IS YOUR TRANSPORTATION EXECUTION STRATEGY READY FOR 2020?
Peak shipping season is stressful for any organization that delivers
goods to customers. The holiday period is, unsurprisingly,
particularly busy for retailers. However, whether you’re selling
seasonal goods and gifts or are closing out your fiscal year end, peak
season can be a challenge. Massive volumes of orders can impact
warehouses, distribution centers and carrier networks.
E-commerce has made small parcel shipping integral to many
industries. Data released in December by two different consultancies
found that across the US, carriers performed well over week 50 2019.
Both UPS and FedEx achieved over 99 percent on-time last mile delivery
during week 50. The USPS was only slightly behind with an on-time
delivery rate of 98.7 percent during the same period. However, large
parcel volumes and weather events caused delays across parts of the
US, and on-time delivery rates slipped during weeks 48 and 49. In this
QAD Precision Report we look at peak season 2019 and discuss areas
where shippers can look to improve efficiencies in 2020.To read the
full report, please click here.