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QAD Precision News Round-Up: 7 February 2020

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. 

Global Trade 

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.

Carriers

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 and Parcel. 

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 and Parcel.

Retail 

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. 

 

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