In the QAD Precision News Round-Up: 7 February 2020, Barnier warns
that UK trade deal hinges on Irish protocol; China to reduce tariffs
on US goods; UPS to test healthcare drone deliveries; VW trials car
boot delivery in the UK; Macy’s to close 125 stores; plus how
universities and can control parcel shipping costs and more.
MICHEL BARNIER WARNS UK OVER FREE TRADE NEGOTIATIONS
On Monday, the EU’s chief Brexit negotiator Michel Barnier warned the
UK that free trade negotiations will be dependent on London preparing
for check on goods going to Northern Ireland from Britain.
Furthermore, Mr Barnier stated that the EU and UK had to begin work
“immediately” on implementing the Irish Protocol from the Withdrawal
Agreement. The protocol foresees customs and regularity formalities
for goods between Britain and Northern Ireland once the transition
period ceases on 31 December. For more details, please see RTE.
CHINA TO REDUCE TARIFFS ON MORE THAN 1,700 US GOODS
This week, China has announced plans to halve tariffs on 1,717 goods
imported from the US. Chinese officials stated that tariffs on certain
goods would be decreased from 10 percent to 5 percent, and on others
from 5 percent to 2.5 percent. The tariff cuts cover $75 billion of US
goods and will take effect on 14 February. Tariffs remain on a further
$35 billion worth of US goods. The tariff reductions have come at a
time when China's economy is under significant pressure due to the
coronavirus outbreak.For more information, please see the BBC.
UK SEEKS TARIFF REDUCTIONS IN US TRADE DEAL
On Thursday, UK trade minister Liz Truss stated that Britain would
look for significant tariff reductions from a trade deal with the
United States. The UK plans to start negotiations with the United
States, Japan, Australia and New Zealand in the coming months. These
negotiations are planned to take place concurrently with UK/EU trade
talks. Ms Truss said that a planned trade deal with the United States
would “secure comprehensive, far-reaching and mutually beneficial
tariff reductions ... which will increase access to the US market for
UK businesses, and lower prices and increase choice for UK consumers.”
For more details, please see Reuters.
UPS TO EXPLORE DRONE DELIVERY SERVICES
UPS and healthcare distributor Henry Schein, Inc. have partnered to
explore and pilot a variety of drone delivery use cases. This
initiative will test the transport of vital healthcare products by UPS
to Henry Schein customers. UPS Flight Forward, the company’s drone
delivery subsidiary, and Henry Schein will explore methods under the
oversight of the Federal Aviation Administration to trial final-mile
delivery where traditional road transport may be less effective or
timely. For more information, please see Post
CAR BOOT DELIVERY SERVICE TRIAL LAUNCHES IN UK
Volkswagen, along with We Delivery courier partner Hermes are to
trial car boot deliveries in the UK. Customers who are taking part in
the trial will receive an email or text message when their parcel
arrives at the Hermes depot, giving them the option to have it
delivered to their car. The courier is able to track which packages
have been changed to in-car deliveries once the customer has accepted
and authenticated themselves using their unique Volkswagen ID log-in.
The Hermes courier will then receive a single-use, time-limited access
code to open the car to make the delivery. For more information,
please see Post
MACY’S TO CLOSE 125 STORES AND CUT 2,000 JOBS
On Tuesday, Macy’s announced that it will close 125 US stores and cut
2,000 jobs. Macy’s is the latest victim of the shifting retail
landscape..The department store giant stated that it plans to cut
operations in weaker malls. Instead, the company will focus on opening
smaller-format stores in strip malls. Macy’s estimates that the cuts
will save $1.5 billion by 2022. For more information, please see The Guardian.
IKEA TO CLOSE FIRST BIG UK STORE
In more retail news, this summer, Ikea is set to close its Coventry
city centre store. This is the first time Ikea has closed one of its
big UK branches. The closure has also put 350 jobs at risk. According
to Ikea, the store in Coventry city centre has continuously lost money
since it opened in 2007. Furthermore, the company stated that the
number of customers in-store has declined as online shopping and
retail parks have become more popular. For more details, please see The Guardian.
QAD Precision News
HOW UNIVERSITIES AND PUBLIC INSTITUTIONS CAN CONTROL PARCEL SHIPPING COSTS
As the old business cliché puts it: if you can’t measure it, you
can’t manage it. That’s not always true — but it certainly is when it
comes to your shipping costs.
Universities and public bodies spend a huge amount on parcel
shipping. Despite this, many institutions have no way of measuring —
let alone managing — this. As a result, they have a poor understanding
of their shipping costs.
When your organization has different schools, departments,
administrative units and so forth, it can be difficult to ensure that
all staff follow the same shipping rules. Different schools and
administrative units may have their own procedures. Parcel shipping
data is generally fragmented across a number of carrier systems.
Furthermore, many institutions do not track inter-campus or
inter-office shipping costs. They simply pay invoices as they arrive.
In the latest QAD Precision Report we look at how universities and
public sector bodies can leverage desktop shipping solutions to track
and manage parcel spend. To read the full report, please click here.
[JOIN OUR WEBINAR] GOT PARCELS? LEARN HOW TO EXTEND OTM FOR GLOBAL
MULTI CARRIER PARCEL SHIPPING
The explosive growth of e-commerce has upended distribution channels
and made the need for express and parcel shipping crucial to many industries.
Presented jointly by Oracle and QAD Precision, this webinar will
discuss the advantages of this integration and how users can extend
OTM with QAD Precision’s global multi carrier parcel rating and
invoice validation. Together, Oracle OTM and QAD Precision integrate
to create a uniform shipping process across all modes of
transportation. To register for the webinar , please click here.