In the QAD Precision News Round-Up: DHL Express expands in Istanbul; UK backstop alternative “not even close” to acceptable; China wants US to cancel new tariffs; FedEx expands bulky delivery service; plus advanced technologies, and more.
CHINA HOPE THAT US WILL CANCEL ADDITIONAL TARIFFS
On Thursday, US President Donald Trump said that trade talks with China were to continue. However, tariffs remain contentious. Gao Feng, a spokesperson for China’s Ministry of Commerce told reporters that progress in the next round of US-China trade talks depends on whether Washington can create favorable conditions. Last Friday, President Trump announced plans for an additional 5 percent duty on approximately $550 billion of Chinese imports. This move came after China imposed retaliatory tariffs on $75 billion US goods. Goa Feng stated that there are hopes that the US will cancel the planned additional tariffs to avoid an escalation in the trade war. For more details, please see Reuters.
DHL EXPRESS EXPAND OPERATIONS IN ISTANBUL
DHL Express has invested €135 million ($151.75 million) in Istanbul Airport where it operates a 42,000-square-meter facility. DHL Express Turkey CEO, Claus Lassen stated that the location explains the company’s investment as Istanbul Airport provides access to 41 countries within a three-hour flight time and 66 countries within five hours. For more information, please see Post & Parcel.
FEDEX FREIGHT TO EXPAND BULKY HOME DELIVERY SERVICE
As demand for bulky home delivery is on the rise, Fedex Freight Demand has announced expansion into 11 US states. According to a company spokesperson, “the new service will move larger, bulkier items into customers’ homes and businesses.” Earlier this year, the service was piloted in five cities in the US. FedEx COO Raj Subramaniam stated that, “the heavy hard to handle market is one of the fastest-growing segments in e-commerce and it represents roughly $10 billion market opportunity.” For more details, please see Supply Chain Dive.
UK BACKSTOP ALTERNATIVES “NOT ACCEPTABLE”
On Tuesday, Irish Minister for Foreign Affairs, Simon Coveney, stated that current British proposals for alternatives to the backstop are “not even close” to being agreed on by the EU. The UK has proposed trusted trader schemes and checks on goods away from the border. Mr Coveney said that the Government is open to alternatives to the backstop if the outcome guarantees to avoid a hard border. For more details, please see The Irish Times.
UK PLANS PORT UPGRADES
This week, the UK Department for Transport announced funding for ports. The Department has asked ports across England to bid for a share of £10 million, as part of the Port Infrastructure Resilience and Connectivity (PIRC) competition. This grant will be used to invest in inspection facilities, secure areas for loading vehicles and new gates for additional checks required in the event of a no-deal Brexit. The grants will be capped at £1 million ($1.22 million) per port. Earlier this month, the UK government also announced that it is looking to open up to 10 free ports across the country following Brexit to streamline international trade. For more information, please see Supply Chain Dive and Gov.UK.
QAD Precision News
ON THE ROAD TO ADVANCED TECHNOLOGY? INCLUDE A STOP AT THE QAD LABS
It would be nearly impossible to be unaware of Industry 4.0 and the tsunami of information around both the technology and potential benefits. When talking with manufacturing and supply chain leaders, QAD repeatedly hears the challenges that they face in sorting through and prioritizing the myriad of technology options. Technology for technology’s sake will not deliver the necessary return on investment. In addition to delivering unprecedented technology in its core offering, QAD is engaging with its customers through experimentation in the QAD Labs.
QAD Labs is not a physical place with scientists in white lab coats. Instead, QAD Labs is a virtual combination of people, technology and passion for addressing the challenges of manufacturing and supply chain planning and operations. In this week’s QAD Precision Report, Glenn Graney, Director of Industrial and High Tech at QAD looks at advanced technologies and how QAD Labs works with customers to discover how emerging technologies can deliver benefits and ROI. For more information, please click here.
Press Release: QAD Precision Announces Expansion of Global Multi Carrier Network
SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Precision, an industry-leading provider of global trade management and transportation execution software, has announced the expansion of their global multi carrier network. QAD Precision is a division of QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB).
“QAD Precision has recently added and enhanced 36 integrated carriers and over 150 services to our multi carrier network. These new services cover Canada, the United States, the UK, continental Europe, Australia and Japan. We continue to work with our carrier partners to provide our customers with a comprehensive range of carriers, routes and service levels no matter where they are located or where they ship,” said QAD Precision’s Carrier Manager Jack Moloney. To read the full press release, please click here.