In the QAD Precision News Round-Up: 4 October 2019, US slaps
tariffs on EU goods; WTO slashes growth forecast; Forever 21 to shut
350 stores; UPS receives drone certification; Chronopost unveils
green fleet; plus choosing a global multi-carrier shipping solution.
This week, the World Trade Organization downgraded its 2019 trade
growth forecast to 1.2 percent. In April, the WTO had predicted growth
of 2.6 percent. The organization said that sluggish growth in major
economies, ongoing trade disputes and Brexit uncertainty had all
impacted growth. Roberto Azevêdo, the WTO’s director-general, said
that businesses were delaying investments and hiring and that this
could negatively impact living standards and employment. For more
details, please see the BBC.
This week, the US government announced 25 percent tariffs on French
wine, Italian cheese and single-malt Scotch whisky. The move comes as
a response to the European Union’s Airbus subsidies. Other goods named
in the US Trade Representative’s list include dairy products, German
camera parts, and wool and cashmere items made in the UK. The tariffs
should begin to take effect from 18 October. For more details, please
This week, high street fashion retailer, Forever 21, announced plans
to shut down operations in Europe and Asia. The retailer also filed
for Chapter 11 bankruptcy protection in the US, postponing its
obligations to creditors until it can reorganize its debts. Forever 21
plans to shut down 350 stores around the world. As many as 178 US
stores may close. Forever 21 appears, like many traditional retailers,
to have been unable to fight off online competition. For more
information, please click here.
UPS Flight Forward has received US certification to operate a drone
airline. This makes the UPS subsidiary the first company to receive
the full Part 135 Standard certification. This is the highest level of
certification and permits UPS to fly an unlimited number of drones.
The certification also allows UPS to fly drones at night. The carrier
plans to expand drone deliveries across hospital campuses in the US.
In addition, UPS will offer drone transport for items across a variety
of industries. To read more about this, please click here.
French express carrier Chronopost has unveiled its new low emission
fleet. The company has ordered 400 Nissan e-NV200’s with Voltia
conversion. These will be added to Chronopost’s 100 percent electric
zero emission fleet for deliveries in Paris. To read more, please
The global express and small parcels market has experienced
significant growth in the last decade. In 2010, the global market was
worth just under $170 billion; forecasts suggest this could rise to
over $427 billion by 2022. Unsurprisingly, much of the growth is due
to online shopping. Consumers have not only embraced online shopping,
they are looking beyond their borders too, increasing the need for
international parcel shipping.
Equally importantly, e-commerce has changed our expectations. Across
a variety of industries — not just retail — customers want and expect
the same service they receive when they shop online. That includes
prompt delivery. As a result, more small parcel shipments, going to
more domestic and global locations, are becoming the norm for many enterprises.
Multi carrier shipping software helps organizations control shipping
costs and meet customer expectations. In this QAD Precision Report we
look at 3 questions to ask when evaluating multi carrier solutions for
global parcel shipping operations. To read the full report, please
SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD
Precision, an industry-leading provider of global
trade management and transportation
execution solutions, will sponsor the National Association
of Educational Procurement (NAEP) District VI Conference Oct. 6 - 9,
2019 in San Diego, CA. QAD Precision is a division of QAD Inc.
This will be QAD Precision’s second consecutive year sponsoring the
conference. At this year’s conference, QAD Precision will highlight
how attendees can master domestic and export compliance, standardize
shipping procedures, control costs and leverage campus-wide controls
with QAD Precision’s integrated trade and transportation solution. To
read the full press release, please click here.