In the QAD Precision News Round-Up: 28 August 2020, US imposes
sanctions on Chinese companies; DHL to hire 7,000 for peak season;
UK retail job losses worst since 2009; FedEx transported relief to
Beirut; plus desktop shipping software for banks and more.
US SANCTIONS 24 CHINESE COMPANIES FOR SOUTH CHINA SEA ISLAND BUILDING
On Wednesday, the US government added 24 Chinese companies to a list
that prohibits them from purchasing US products. The move comes after
the administration cited their role in the construction of artificial
islands in the disputed South China Sea. According to Kevin Wolf, an
international partner at Akin Gump, companies added to the entity list
will not be able to buy technology and other products shipped from the
US without special permission to do so. Furthermore, the US State
Department announced that it would begin imposing visa restrictions on
Chinese citizens who are directly involved or complicit in the
construction of the artificial islands or the militarization of the
South China Sea.” For more details, please see NY Times.
FLIGHTS CANCELLED, CARGO DELAYED DUE TO HURRICANE LAURA
As of Wednesday afternoon, 414 flights were cancelled at George Bush
Intercontinental Airport in Houston as Hurricane Laura approached the
Texas coast. United Airlines cancelled approximately 600 flights
across its network for Wednesday and Thursday due to the Category 4
storm. Additionally, the flight cancelations will impact businesses
shipping cargo with the carrier. For more information, please see Freight Waves.
DHL TO HIRE 7,000 ASSOCIATES IN PREPARATION FOR PEAK SEASON
DHL Supply Chain is planning to hire 7,000 new staff by the end of
2020. The increased workforce will assist in handling peak holiday
season as well as increased volumes in response to the coronavirus
pandemic. Approximately 6,000 of the jobs will be in e-commerce
fulfilment roles such as picking and packing. The remaining 1,000
roles will be across the carrier’s wider business. Additionally, DHL
plans to improve its automation infrastructure. The company will
expand to 1,000 LocusBot collaborative robots by the end of this year.
For more details, please see Supply
FEDEX ASSISTS IN TRANSPORTING URGENT MEDICAL SUPPLIES TO BEIRUT
FedEx has partnered with humanitarian organization Direct Relief to
transport $11 million worth of medicines, medical supplies and
personal protective equipment to Lebanon. FedEx transported the
supplies via a dedicated charter flight. The supplies will assist
healthcare facilities in responding to the deadly explosion that
occurred earlier this month. For more information, please see Post
UPS EXPANDS PACKAGE HANDLING CAPACITY IN KANSAS
UPS has announced that its facility at Kansas City International
Airport is being expanded. Renovations will include expanding the ramp
from two aircraft parking spaces to five, totaling an area of 534,000
square feet once completed. UPS also plans to install new sorting
equipment at the gateway enabling the carrier to triple its package
handling capacity to 5,000 packages per hour. For more details, please
UK RETAIL JOB LOSSES WORST SINCE 2009
The Confederation of British Industry (CBI) has said that British
retailers have cut the most jobs since the financial crisis in 2009.
In addition, the CBI predicts the number of job losses will
accelerate. Quarterly CBI figures revealed the employment balance —
which measures job changes over the past 12 months — decreased to -45
in August from -20 in May. This is the lowest figure recorded since
February 2009, while a more significant fall is forecast for later
this year. For more information, please see RTE.
QAD Precision News
HOW DESKTOP SHIPPING SOFTWARE HELPS BANKS CONTROL COSTS
Banks and financial institutions need a strategy to control parcel
shipping spend. Perhaps surprisingly, banks are some of the biggest
parcel shippers in the world. Many financial documents must be
physically signed, and paper copies are necessary.
As a result, logistics is a significant portion of a bank’s overhead costs.
Furthermore, banks and financial institutions are subject to complex
shipping requirements. Unlike many parcel shippers, banks deal with
sensitive information. This makes security an important issue.
Banks that ship credit cards, loan applications and other sensitive
documents need to know when their shipment reaches its final
destination. However, they also need visibility as shipments move from
point of origin, to each handler or carrier, all the way to the
Therefore, they have an enhanced need to monitor the chain of custody
for items they process.
Taken together, all these considerations mean that banks need to
balance the requirements of security, visibility, customer service and
cost. The good news is desktop shipping software gives banks the
opportunity to control costs and ensure shipments are handled with the
necessary safeguards. In this QAD Precision Report, we look at the
benefits of desktop shipping software for banks. To read the full
report, please click here.