In the QAD Precision News Round-Up: 17 July 2020, Qatar Airways to
transport 1M kgs of humanitarian aid; China reports Q2 growth; UK
retail footfall down but improving; Amazon pressured to reduce
plastics; simplifying post-brexit UK/EU trade compliance challenges
QATAR AIRWAYS TO TRANSPORT 1 MILLION KILOS OF HUMANITARIAN AID
Qatar Airways Cargo has pledged to transfer one million kilos of
humanitarian freight free of charge by the end of 2020. Under this
offer, charities will be able to use the carrier's free service to
move humanitarian aid and medical supplies. Chief cargo officer at
Qatar Airways Guillaume Halleux stated that this is the initial part
of a sustainability project by the airline called “We Qare” which aims
to bring a positive impact on the industry and the world through air
cargo actions. For more details, please see The Loadstar.
UPS AND DUBLIN PARTNER TO PROVIDE SUSTAINABLE DELIVERIES
An innovative walking and cycle-based system to optimize last-mile
deliveries has launched in Dublin. This system will operate out of
UPS’s mini urban distribution centers and combine powered e-walkers
and e-quad cycles to reduce emissions and congestion in the city
center. Dublin City Council, Enterprise Ireland and Belfast City
Council are funding this solution. For more information, please see Irish
CHINA REPORTS Q2 GROWTH
In the second quarter of this year, China reported GDP growth of 3.2
percent compared to a year earlier as the country eased its
coronavirus lockdown. In the first quarter, China’s GDP contracted by
6.8 percent from the same period in 2019 as the coronavirus pandemic
caused the world's second largest economy to a standstill. In an
effort to boost the economy, the Chinese government has introduced
measures including fiscal spending and cuts in lending rates. For more
information, please see CNBC.
UK INFLATION UP 0.6 PERCENT
In June, the UK’s inflation rate increased to 0.6 percent as
coronavirus lockdown restrictions began to ease. The Office for
National Statistics (ONS) said that the Consumer Price Index (CPI)
grew slightly from a four-year low of 0.5 percent in May. According to
the ONS, games, toys and hobbies made the largest contribution to the
inflation rise while clothing also increased. The inflation rate
remains below the Bank of England’s 2 percent target. For more
details, please see BBC News.
UK RETAIL FOOTFALL REMAINS LOW IN JUNE
In June, retail footfall in the UK was more than half of that against
the same month in 2019. According to retail experts Springboard, UK
footfall decreased by 56.6 percent in June compared to June 2019. As
well as few shoppers purchasing in store, overall high street footfall
also declined. Overall high street footfall in June 2020 fell 65.1
percent with footfall in London down 80.8 percent compared to June
last year. Nevertheless, these figures are an improvement from the
73.3 percent year-on-year decline in May. For more information, please
see Retail Gazette.
PRESSURE ON E-COMMERCE TO REDUCE PLASTICS
International ocean conservation organization Oceana has announced
that it is launching a campaign appealing to Amazon to offer its
customers plastic-free packaging choices. Research conducted by the
organization has revealed that Amazon consumers are purchasing more
online amid the coronavirus pandemic. However, the e-commerce giant’s
customers also want the online retailers to give them the option to
select plastic-free packaging. According to the survey, support was
strongest among Amazon Prime customers with 73 percent agreeing that
they would select a plastic-free choice/alternative packaging if
available. For more details, please see Post
and Parcel Technology.
QAD Precision News
SIMPLIFYING POST-BREXIT UK/EU TRADE COMPLIANCE CHALLENGES
Companies trading between the UK and EU are likely to experience
significant new regulatory headaches from 1 January 2021. Should the
UK and European Union fail to finalize a trade deal, these challenges
could impact e-commerce merchants and retailers as well as manufacturers.
With less than six months before the Brexit transition period ends,
trade talks between the UK and the bloc have not been fruitful.
Face-to-face talks halted earlier this year as a result of the
coronavirus pandemic. Instead, negotiating teams transitioned to video
conferencing, but failed to make much progress.
In-person meetings resumed this July, with both sides agreeing to
intensify talks. Nevertheless, the EU’s chief negotiator Michel
Barnier recently stated that there were points of “significant
divergence” between the UK and EU.
Even with a deal in place, additional customs paperwork and other
regulatory changes seem unavoidable. The EU is to impose border checks
on UK products entering the bloc from 1 January, and UK border
controls on EU goods will begin next July. In this QAD Precision
Report we outline the challenges for companies engaged in UK/EU trade.
Read the full report here.
QAD PRECISION SOFTWARE ANNOUNCES NEW SOLUTION RELEASE
SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Precision, an
industry-leading provider of global trade management and
transportation execution software, has announced the release of QAD
Precision 18.1, the next-generation version of its global trade and
shipping software. QAD Precision is a division of QAD Inc. (NASDAQ:
QADA) (NASDAQ: QADB).
QAD Precision 18.1 includes a new import management solution, which
offers an array of specialized tools to execute critical import
activities. In addition, this release provides the solution's Delivery
Exception Management (DEM) and Freight Bill Audit and Pay (FBAP) as
microservices, a variant of the service-oriented architecture
structural style that separates new modules into individual services
that can interact with each other and the core Web UI.
For more details, please see Business Wire.