Home-Screen Blog

Blogs

QAD Precision News Round-Up: 3 January 2020

In the QAD Precision News Round-Up: 3 January 2020, US and China will sign deal on 15 January; Boris Johnson to create EU task force; UPS expect record returns; Amazon delivered 3.5bn parcels in 2019; and retailers to invest in logistics.

Global Trade 

DONALD TRUMP TO SIGN FIRST PHASE OF US-CHINA TRADE DEAL 

On 15 January, US President Donald Trump will sign the first phase of a trade deal with China. Under the deal, the US will pause plans for tariffs on $160 billion of Chinese imports while China will buy more US farming products. In addition, China has promised to improve intellectual property protections. The US trade representative Robert Lighthizer and Chinese vice premier Liu He are expected to sign the deal. For more information, please see The Guardian. 

BORIS JOHNSON TO LAUNCH TASK FORCE EUROPE 

UK Prime Minister Boris Johnson is to set up an European Union negotiating team in Downing Street. This team will be responsible for negotiating the terms of the UK’s future relationship and trading agreement with the EU following Brexit. The team —  named “Taskforce Europe” — will be in operation by 31 January 2020. This date also marks the dismantling of the Department for Exiting the European Union (DExEU). For more details, please see The Independent. 

Carriers

UPS FORECASTS 1.9 MILLION RETURNS ON JANUARY 2

Global carrier UPS has predicted that it will process 1.9 million returns on Thursday 2 January 2020. If this forecast is correct that would represent a 26 percent increase year over year. UPS also stated that this increase would mark a seventh consecutive record and shows “how e-commerce continues transforming shopping patterns.” Returns can be dropped off at UPS drop boxes, store locations, Access Point locations or to its fleet of delivery drivers. For more information, please see Supply Chain Dive. 

Retail 

AMAZON DELIVERED OVER 3.5 BILLION CUSTOMER PACKAGES IN 2019

This week, e-commerce giant Amazon announced a significant increase in Prime deliveries over the 2019 peak season. According to the company, the number of customers packages delivered using Prime one- and same-day services almost quadrupled during the busy holiday shopping season. Amazon also stated that its last-mile network delivered more than 3.5 billion parcels around the world during 2019. Furthermore, the company stated that 60 percent more customers shipped their holiday order to an Amazon pickup point this year compared to 2018. For more details, please see Post & Parcel. 

RETAILERS TO INVEST IN LOGISTICS IMPROVEMENTS

In late December, a report by IT consultancy ABI Research found that US retailers will forgo near-term profits on e-commerce to invest in logistics improvements that will allow them to handle increases in online ordering. ABI estimates that e-commerce revenue will reach $3.52 trillion in 2020. That forecast represents a 19 percent year-on-year growth rate. According to the consultancy, investments will focus on addressing the challenges of one-day and seven-days-a-week deliveries as well as the ongoing convergence of online and in-store operations. For more information, please see Freight Waves.

More Blog Entries

QAD Precision News Round-Up: 20 December 2019

In the QAD Precision News Round-Up: 20 December 2019, US-CHINA “phase one” trade deal...

Is Your Transportation Execution Strategy Ready for 2020?

January is an ideal time to examine your transportation execution strategy. In this QAD...