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QAD Precision News Round-Up: 6 September 2019

In the QAD Precision News Round-Up: Amazon and PayPoint partnership goes live; UPS introduces electric hybrid vehicles to UK fleets; China lodges WTO tariff case against the US; China and US to meet in October for trade talks; Five ways multi carrier solutions benefit peak season and more.

Retail

AMAZON AND PAYPOINT PARTNERSHIP GOES LIVE IN UK STORES

Amazon and PayPoint have partnered to establish a network of pick up points that enable Amazon customers to collect their orders in-store. At present, Amazon Hub Counter is available in approximately 500 stores and will eventually be rolled out in thousands of shops across the UK. This service allows  customers to collect their parcel within two weeks from a convenience or high-store store of their choice. For more details, please see Post and Parcel. 

Global Trade

CHINA LODGES WTO TARIFF CASE AGAINST THE US

On Monday, China lodged a tariff case against the US at the World Trade Organization over US tariffs. On Sunday, the US imposed 15 percent tariffs on a number of Chinese goods and, in response, China placed new duties on US crude oil. According to the Chinese Ministry of Commerce, the latest tariff actions breach the agreement reached by the leaders of China and the US in a meeting in Osaka. On Friday, the US issued a written defense stating that China and the US agreed that the issue should not be judged at the WTO. For more information, please see CNBC

CHINA AND US TO MEET IN OCTOBER FOR TRADE TALKS

On Thursday, China’s Ministry of Commerce stated that, following a phone call, China and the US have agreed to meet for another round of trade negotiations in early October. According to the Chinese Commerce Ministry, the talks will be held in Washington, D.C and consultations will be made in September. A US Trade Representative spokesperson confirmed the phone call but not the October meeting. For more information, please see CNBC. 

Carriers

DPD NEW HAMM HUB TO BEGIN OPERATIONS NEXT WEEK

This week, DPD opened  its largest parcel sorting centre in Germany which is located in Hamm. From September 7, approximately 80,000 parcels will be handled on an area of 122,000 square metres. This volume will be increased to 200,000 parcels and the facility will employ 800 workers once expansion is complete. For more information, please see Post and Parcel

UPS INTRODUCES HYBRID ELECTRIC VEHICLES TO FLEETS IN UK

To overcome the range restrictions of pure electric vehicles, UPS has introduced a new line of range-extended electric vehicles (REEVs) to its fleet in Birmingham and Southampoton, UK. Luke Wake UPS International’s director of automotive engineering and advanced technology, stated that “the range jump from 100km to 400km is the result of UPS’s latest collaboration with TEVVA”. The REEVs use hybrid electric vehicle technology which improves route range and maintains the cargo capacity of traditional diesel vehicles of the same weight class. For more details, please see Post and Parcel. 

Brexit

STERLING HITS LOWEST LEVEL SINCE OCTOBER 2016 

On Tuesday morning, Sterling was trading as low as $1.20, reaching its lowest level since the “flash crash” in October 2016 as Brexit threatens a political crisis in the UK. On Tuesday, Stephen Gallo European head of foreign exchange strategy at BMO Capital Markets stated that the British currency is “cornered on the downside.” For more details, please see CNBC. 

QAD Precision News

FIVE WAYS MULTI CARRIER SOLUTIONS BENEFIT PEAK SEASON SHIPPERS

September is here, and the holiday shipping season will soon be upon us. It may be a few months before Black Friday and Cyber Monday, but if past years are any indication, both are likely to drive high volumes of online sales. The holiday season has long been a busy period for parcel shipping and for retailers. What’s changed is that it used to be consumers that sent the majority of parcels over the holidays. These days, it’s retailers sending most of those packages — and in greater numbers than ever before. As parcel volumes have increased, carriers have responded by extending working hours over the busy periods and adding seasonal staff, as well as investing in automation and infrastructure. Nevertheless, peak season shipping still presents challenges for retailers as well as business-to-business shippers. In this QAD Precision Report we look at five benefits of multi carrier shipping software to manage the challenges of peak season shipping. To read the full report, please click here.

QAD PRECISION SPONSORS FUTURE ELECTRONICS SUPPLY CHAIN CONFERENCE

SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Precision, an industry-leading provider of global trade management and transportation execution solutions, will sponsor this year’s Future Electronics Supply Chain Conference Sept. 10-11 in Memphis, TN. QAD Precision is a division of QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB).
Future Electronics, a private company headquartered in Montreal, Canada, is a world leader and innovator in distributing and marketing semiconductors and passive, interconnect and electromechanical components. With over a decade of success working with Future Electronics, QAD Precision is honored to sponsor their supply chain conference this September. To read the full press release, please click here.