In the QAD Precision News Round-Up: 11 September 2020, Euro zone
GDP declines by less than expected; China exports see greatest
increase since March 2019; UPS prepares to hire over 100,000
seasonal workers; e-commerce delivery optimization and more.
From April to June, the euro zone economy contracted by less than
predicted. However, this decline was still the sharpest on record as
consumer spending decreased due to Covid-19 restrictions. On Tuesday,
data from the European statistics agency Eurostat showed that gross
domestic product dropped by 11.8 percent from Q1 and by 14.7 percent
year-on-year. Although this decline was more favourable than estimates
of 12.1 percent and 15 percent respectively, it represents the
steepest drop in data since the series began in 1995. For more
information on this news item, please see The
In July, the UK economy increased by 6.6 percent on the previous
month. UK GDP in July was 18.6 percent higher than its April low, when
the economy fell 20 percent. Although this is positive news, data from
the Office for National Statistics (ONS) showed an overall contraction
of 11.7 percent compared to the previous year. This decline was
slightly below forecasts of 11.4 percent. ONS Director of Economic
Statistics Darren Morgan said although the UK economy has been
steadily recovering, it has yet to make up nearly half of the GDP lost
since the start of the Covid-19 crisis. For more information, please
In August, China’s exports increased for the third consecutive month.
This follows the relaxing of coronavirus restrictions in some of
China’s trading partners. According to customs data, exports in August
increased 9.5 percent on a year earlier and mark the strongest growth
since March 2019. Furthermore, this figure exceeded predictions of a
7,1 percent growth rate. However, imports unexpectedly declined by 2.1
percent. For more details, please see RTE News.
According to the British Retail Consortium (BRC), total retail sales
increased by 3.9 percent in August compared to the previous year. It
was the third consecutive month of growth since the reopening of
stores in June. However, online sales account for the majority of this
growth rather than bricks-and-mortar stores. BRC chief executive Helen
Dickinson stated that city centers are “devastated by low footfall” as
office workers stayed at home. Furthermore, sectors such as beauty,
clothing and footwear, which are particularly reliant on footfall
locations, remain low. You can read more details on this story at Sky News.
From September 13, FedEx will expand its FedEx Ground year-round
Sunday residential coverage to approximately 95 percent of the US
population. Along with FedEx Saturday residential service that is
available across 96 percent of the US population, FedEx stated that
the development of the Sunday delivery cover will provide a weekend
competitive advantage for the carrier. For more details on this news
item, please see Post
UPS has announced that it expects to hire approximately 100,000
seasonal workers. The staffing increase is in preparation for the
annual increase in package volume from October 2020 to January 2021.
Chief Human Resources Officer Charlene Thomas said that this year, UPS
is preparing for a record peak holiday season. The carrier is hiring
for both full- and part- time positions which includes package
handlers, drivers and personal vehicle drivers. Over the last few
years, more than a third of UPS seasonal jobs became permanent
positions following the end of peak season. To read more on this news
item, please see Post
This year has upended e-commerce in ways that are almost unthinkable.
From March, e-commerce volumes have grown exponentially, reaching
peak-like levels. With all this unexpected growth, came delivery
delays and unhappy customers.
Think back to the last time you shopped online. Were you satisfied
with the delivery experience? Or were you frustrated by lack of clear
communications from the retailer regarding your delivery?
It is a truism to say that a successful e-commerce delivery strategy
is one that prioritizes customer convenience and satisfaction. But
putting this into practice is a significant challenge. In this QAD
Precision Report, we look at the necessity of e-commerce delivery
optimization. To read the full report, please click here.