In the QAD Precision News Round-Up: 10 September 2021, Japan has
strong Q2; China’s exports improve; Amazon opens a hub in Ireland;
DHL adds 50 EV to UK fleet; Luluelemon sales soar; plus why
integrate compliance and multi carrier shipping.
JAPAN’S ECONOMY STRONG IN Q2
In the period covering April — June, Japan’s economy grew faster than
expected, helped by capital expenditure and factory output. On
Wednesday, data showed revised gross domestic product (GDP) grew an
annualized 1.9 percent in the second quarter. This result was stronger
than a median forecast for a 1.6 percent expansion and the preliminary
estimate of a 1.3 percent gain. Nevertheless, Japan's economic
recovery remains uncertain due to a resurgence in Covid-19 and a slow
vaccination rollout. For more information, please see RTE.
CHINA’S EXPORTS UP IN AUGUST
In August, China’s exports grew faster than expected as global demand
increased. According to customs data released on Tuesday, last month,
shipments from China climbed 25.6 percent year-on-year, an increase
from 19.3 percent in July. Analysts polled by Reuters had predicted an
expansion of 17.1 percent. Assistant economist at Capital Economics,
Sheana Yue, said the increase was driven by consumer goods including
electronics, furniture and recreational goods. In addition, China’s
imports grew 33.1 percent year-on-year last month. This surpassed the
expected 26.8 percent increase in the Reuters poll. For more
information, please see Reuters.
AMAZON TO OPEN NEW FULFILLMENT CENTER IN IRELAND
On Thursday, Amazon announced that it is to open a new 630,000 square
foot fulfillment center at Baldonnell Business Park, Dublin. The
facility, which is the first Amazon warehouse in Ireland, will open
next spring and will create 500 jobs. According to Amazon, the
warehouse will service customers across Ireland and the rest of the
EU. Additionally, the facility will improve delivery time for
customers in Ireland, including one-day delivery on thousands of
items. For more details, please click here.
LULULEMON SALES RISE DESPITE SUPPLY CHAIN CONCERNS
On Wednesday, Lululemon reported an increase in sales as its net
revenue soared 61 percent to $1.5 billion in the second quarter. Its
net profit grew to $208 million from $86.8 million in the same period
a year earlier. However, the company voiced concerns about disruptions
to the global supply chain. In recent weeks, factories in Vietnam were
forced to close due to Covid-19. According to Lululemon’s Chief
Executive, Calvin McDonald, a third of the company’s sourcing comes
from Vietnam. Despite these supply chain disruptions, Lululemon has
forecasted that its annual net sales will be between $6.19 billion to
$6.26 billion. For more information, please click here.
DHL EXPRESS LAUNCHES 50 NEW ELECTRIC VANS IN UK
DHL Express has announced that it has added 50 electric vans to its
UK fleet. The carrier stated that it will deploy these zero emission
vehicles before the end of 2021. Furthermore, DHL also plans to add
220 more electric vehicles to its UK fleet before the end of next
year. The vans will serve a number of cities across the UK this year,
including Leeds, Manchester, Glasgow and Birmingham.
Deutsche Post DHL Group recently announced a €7 billion investment to
help meet its Mission 2050 goals of net-zero emissions. The group also
plans to have over 80,000 e-vehicles on the road and 60 percent of
last mile delivery electrified by 2030. For more information, please
UPS OPENS EXPANDED AIR HUB IN THE UK
This week, UPS opened its expanded air hub located at East Midlands
Airport in the UK. According to UPS, this facility will benefit small
and medium-sized businesses looking to gain cross-border customers.
The expanded air hub is 36,000m2 and has the capacity to sort up to
22,500 packages per hour. The hub is also equipped with the latest
package sorting technology. For more details, please click here.
QAD Precision News
THE BENEFITS OF INTEGRATING COMPLIANCE AND MULTI CARRIER SHIPPING SOLUTIONS
For multinational enterprises and shippers, managing logistics across
different sites, countries and carriers is no easy task. Logistics
staff must ensure the efficient movement of goods, so that your
customers — and your customer’s customers — are not left waiting.
Delays are sometimes inevitable. Third-party issues are beyond the
control of management. However, certain delays are certainly
avoidable. For example, incomplete or inaccurate documentation,
resulting in customs hold ups.
In addition, global trade is getting more complex and challenging.
That was true even before Covid-19 swept from Wuhan to the rest of the
world, disrupting supply chains across many industries. In this QAD
Precision Report, we look at how integrating compliance and multi
carrier shipping helps multinationals to navigate these challenges. To
read the full report, please click here.
QAD PRECISION IS TO EXHIBIT AT THE PARCEL FORUM CONFERENCE
QAD Precision is to exhibit at this year's Parcel Forum Conference on
September 14-16 in National Harbor, MD.
On Wednesday, September 15, join QAD Precision's President Corey
Rhodes at 12:20PM-1:00PM EDT for his session "Why Cloud, Why
Now?" Attendees will learn about the traditional reluctance of
parcel shippers to move toward this technology and the benefits of the
cloud. For more details about the conference, please click here.