QAD Precision News Round-Up for 12 July 2019
In the QAD Precision News Round-Up: 12 July 2019, DHL and Lidl partner in Germany; SEKO expands Chicago operations; Nigeria signs African FTA; Royal Mail partners with China Post; plus shipping time- and temperature-sensitive products and more.
SEKO LOGISTICS ANNOUNCES EXPANSION OF CHICAGO HUB
This week, SEKO Logistics announced the opening of a new global gateway in Chicago, Illinois. The new 103,000 square-foot facility triples the size of SEKO’s Chicago hub. SEKO says that the new gateway will be a cross-border, e-commerce parcel processing hub for the company’s growing operations. President and CEO of SEKO Logistics, James Gagne, stated that “this latest investment in another gateway hub and proximity to the airport is driven by the needs of customers who have chosen SEKO to deliver global solutions”. For more details, please see Logistics Management.
53 PERCENT OF UK RETAIL SALES WILL BE ONLINE WITHIN 10 YEARS
This week, a report by the analysts Retail Economics, forecasts that the internet will account for 53 percent of retail sales in the United Kingdom by 2029. Chief Executive of Retail Economics, Richard Lim predicts that emerging technologies such as artificial intelligence could facilitate the automation of delivery and that personalized marketing will increase future online growth. For more information, please see The Guardian.
ROYAL MAIL TO COLLABORATE WITH CHINA POST
Royal Mail has announced a collaboration with China Post for a new trackable service in China. With this service, customers can now track their packages from arrival in a UK mail centre to arrival in China, via Royal Mail. Royal Mail aims to delivery to China within 5 to 7 working days. A signature will be requested upon delivery, improving security. China Post, the official postal service in China, delivers to every part of the country. The collaboration should help UK SMEs to increase their exporting potential. According to Royal Mail’s “Delivery Matters” research, 90 percent of Chinese consumers appreciate British products. Furthermore, consumers in China would purchase more online if there were additional delivery and tracking options available. For more information, please see click here.
DHL AND LIDL ANNOUNCE PARTNERSHIP
Deutsche Post DHL group and Lidl have entered a strategic partnership which will include the installation of 500 DHL packstations at Lidl stores across Germany this year. This will allow supermarket customers to receive and send DHL parcels while grocery shopping. Sales manager of DHL Group’s German mail and parcel division Martin Linde stated that “the partnership will benefit all sides, and especially our customers, as 500 more DHL packstations are easy-to-reach and attractive locations.” For more details, please see Post and Parcel.
NIGERIA SIGNS AFCFTA
Nigerian president, Muhammadu Buhari signed the African Continental Free Trade Agreement (AfCFTA) at the African Union (AU) summit in Niger. This agreement aims to increase trade between African countries, and the AU has stated that AfCFTA will create the world’s largest free trade area. It is forecast that this agreement will also boost intra-African trade by 60 percent by 2022. According to research by the African Development Bank conducted in 2014, intra-African trade is currently about 16 percent. With the addition of Nigeria to the agreement, AfCFTA can now access the large Nigerian market. As a result, the signatories are in a better position to negotiate with regional bodies globally. For more information, please see the BBC.
THE WHITE HOUSE LIKELY TO SEND NEW NAFTA TO CONGRESS AFTER SEPT 1ST
This week, CNBC reported that the White House plans to send its NAFTA replacement to Congress after 1 September 2019. Furthermore, a vote will be set up by the end of the year, according to sources. A senior administration official and two senior GOP aides stated that the White House and the Office of the US Trade Representative are in dispute over how aggressive a strategy to pursue in order to get the agreement through Congress. An administration official stated that, “The White House and USTR are working in good faith and constructively with Members of Congress to address concerns some have voiced about the USMCA.” For more information, please see CNBC.
QAD Precision News
SHIPPING TIME- AND TEMPERATURE-SENSITIVE LIFE SCIENCES PRODUCTS
Life sciences companies face considerable challenges when shipping their goods around the world. Not only must they comply with stringent regulations, their products have a direct impact on the health and well-being of people — and, in some cases, can mean the difference between life or death.
Furthermore, life sciences companies often ship products that are delicate, time- and temperature-sensitive, or regarded as hazardous. Pharmaceutical products that are improperly shipped or incorrectly handled may be ineffective — or, worse still, actively harmful. When you ship sensitive life sciences products, the utmost care is necessary at every stage of the journey from the manufacturer to the patient. In this QAD Precision Report we look at the challenges of shipping time- and temperature-sensitive products. To read the full report, please click here.
GLOBAL TRADE MANAGEMENT FOR LIFE SCIENCES: JOIN OUR WEBINAR
Are you ready for the future of life sciences shipping? The increasing importance of emerging markets, new treatments such as biologics, patient-centric approaches and direct-to-patient deliveries as well as changes to the regulatory environment all create shipping challenges for life sciences companies.
Join us on July 18, 2019 at 11 a.m. CDT as we discuss key challenges life sciences companies face such as managing sourcing complexity and addressing global complexities — imports and exports to name a few. To register for the webinar, please click here.
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