In the QAD Precision News Round-Up: 21 May 2021, Japan exports
surge; US-EU agrees to avert tariff hike; China factory output
slows; DPD Ireland invests in green fleet; UK retail sales spike;
plus the impact of migration on last mile delivery and more.
JAPAN EXPORTS HIGHEST IN 10 YEARS
In April, Japanese exports increased by the largest amount in over 10
years as global demand for cars and electronics surged. Furthermore,
confidence among the country’s manufacturers hit a two-year high in
May. This was as a result of overseas orders, according to a Reuters
survey on Thursday.
Official data released on Thursday showed exports in April grew 38
percent from a year previous. This follows a 16.1 percent increase in
Match. Economists had predicted a 30.9 percent increase. China-bound
exports increased 33.9 percent year-on-year in April while exports to
the US surged 45.1 percent in the same period. For more information,
please see RTE.
US-EU AGREES TO AVERT TARIFF HIKE
On Monday, the US and the EU agreed not to escalate their row over US
steel and aluminium tariffs. The EU said it would suspend for up to
six months a threatened doubling of retaliatory tariffs on
Harley-Davidson motorcycles, American whiskey and motorboats that was
to take effect from June 1. Furthermore, the EU said it will refrain
from imposing tariffs on more US products from lipstick to sports shoes.
Despite this, US tariffs of 25 percent on steel and 10 percent on
aluminium will remain. In addition to the EU, these tariffs apply to
imports from China, India, Norway, Russia, Switzerland, Turkey, Japan
and South Korea as well as other metals-exporting nations. For more
details, please see Reuters.
CHINA FACTORY OUTPUT SLOWS
Last month, output slowed at Chinese factories and retail sales were
lower than expected. This comes amid officials warning of new problems
affecting the rebound of its economy. Global supply chain bottlenecks
and increasing raw material costs have caused production to slow. On
Monday, National Bureau of Statistics data showed factory output
increased 9.8 percent in April from a year ago, consistent with
forecasts. However, this result was slower than the 14.1 percent surge
in March. Retail sales rose 17.7 percent, below a forecast 24.9
percent and the 34.2 percent surge in March. For more details, please
DPD INVESTS IN ELECTRIC DELIVERY FLEET IN IRELAND
DPD Ireland announced an additional €2m (US$2.4m) investment to green
its vehicle fleet. The company aims to deploy an additional 100 new
electric vehicles by the end of 2022. DPD Ireland added 30 electric
vehicles in 2021 and is on track to deliver its one millionth parcel
using electric power in the next 18 months.
The investment in new electric vehicles is part of a €200 million
(US$240m) commitment by DPDGroup. By 2025, it intends to operate 7,700
new low-emission vehicles in 225 European cities. For more
information, please see Parcel
and Postal Technology.
MACYS RAISES FORECASTS
On Tuesday, Macy’s boosted its annual sales and forecasts citing the
government's pandemic relief and the speed of vaccine distribution.
The US department store reported a 56 percent year-on-year Q1 sales
increase to $4.71 billion along with a revised outlook. E-commerce
expanded 34 percent in the period compared to 32 percent in 2019.
Macy’s now forecasts net sales for 2021 to increase between 25 percent
and 28 percent over last year to between $21.7 billion and $22.2
billion, higher than the $19.75 billion to $20.75 billion it forecast
previously. The retailer expects e-commerce sales to reach
approximately $8 billion. For more details, please see Retail
UK RETAIL SALES UP IN APRIL
On Friday, data from the UK’s Office of National Statistics showed
retail sales in the UK grew 9.2 percent in April compared to the month
previous. Economists had forecast a 4.5 percent expansion. The ONS
director of economic statistics, Jonathan Athow, said retail sales in
the UK are now more than 10 percent above levels seen before the
pandemic. Last month, the sale of clothing grew by almost
three-quarters while sales in other non-food stores increased 25
percent from March. However, online sales decreased to 30 percent from
35 percent in March as stores reopened. For more details, please see
HOME AND AWAY: POPULATION SHIFTS AND LAST MILE DELIVERY
In March 2020, government leaders across much of the world faced a
stark choice — should they lock down their countries? As the Covid-19
pandemic spread across the globe, governments ordered businesses to
close, and told people to stay at home, or “shelter in place” to avoid
spreading the virus.
Businesses that could do so, switched to remote working. Many
formerly office-based jobs can be done — generally successfully — from
anywhere you can plug in a computer and log on to the internet.
Over a year later this realization has impacted the way both
businesses and individuals consider the future of working. Urban to
rural population shifts are poised to make the last mile delivery more
expensive. In this QAD Precision Report, we look at the impact of
migration and argue that more delivery partners are the key to
simpler, cost-effective shipping. To read the full report, please
[LIVE WEBINAR] LESSONS LEARNED: TURNING IMPORT CLASSIFICATION INTO A
Please join us for this 30-minute live webinar where QAD Precision’s
VP of Product Strategy Jerry Peck will discuss a number of lessons
learned from his time in the industry. Most importantly, he will
discuss how classification can be used as a competitive advantage.
Topics discussed include:
Why is Classification so important?
How savvy trade-dependent companies are leveraging the
When and where to best implement product Classification in your operation
How enabling technology is supporting the Classification process
If you can't join us at this time, feel free to register and we will
send you the on-demand recording. Register here!