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QAD Precision News Round-Up: 8 November 2019 

In the QAD Precision News Round-Up: 8 November 2019, Amazon extends free delivery service for peak season; New Zealand to upgrade FTA with China; Australia to join Asia-Pacific trade deal; global trade and the importance of trade compliance for life science companies and more. 

Retail

AMAZON EXTENDS FREE DELIVERY SERVICE FOR PEAK SEASON

Amazon has extended the availability of its free next day delivery service to over 10 million items for its Prime members across the US. Amazon has also expanded its Prime Free Same-Day delivery to millions more members compared to last years peak season. For more information, please see Post and Parcel. 

AMAZON ANNOUNCES INVESTMENT IN NEW ROBOTICS HUB 

In more Amazon news, on Wednesday, the e-commerce giant announced plans to invest $40 million in a new 350,000-square-foot robotics innovation hub in Westborough, Massachusetts that is expected to be complete by 2021. According to Amazon, the new hub will act “as the company’s epicentre of robotics innovation.” Amazon Robotics’ Chief Technologist said that the new facility will include offices, labs and manufacturing space to “design, build, program and ship out robots, all under the same roof.” For more information, please see Supply Chain Dive

Global Trade 

NEW ZEALAND TO UPGRADE FTA WITH CHINA

On Monday, New Zealand announced that it has upgraded its free trade deal with China following years of negotiations. The trade ministry stated that the upgraded agreement will make exporting to China easier and decrease compliance costs for New Zealand exports by millions of dollars per year. The two countries first signed a free trade agreement in 2008, and China is New Zealand’s largest trading partner. For more details, please see Reuters.

AUSTRALIA TO JOIN ASIA-PACIFIC TRADE DEAL 

Australia will join a major free-trade deal including 15 countries from the Asia-Pacific region. Fifteen of the 16 participants signed up to the Regional Comprehensive Economic Partnership (RCEP) at the East Asia Summit in Bangkok while India decided not to join the agreement. The RCEP would be the largest free trade agreement in the world if India’s large economy was included. The signatories have said that India is free to join at a later stage. Should India do so, RCEP would cover half the world’s population and 30 percent of global GDP. For more information, please see The Guardian. 

CHINA REQUESTS US TO REMOVE TARIFFS 

China is requesting US President Donald Trump to remove more tariffs imposed in September as part of a “phase one” US-China trade deal. The deal is expected to include a US pledge to remove tariffs scheduled for December 15 on approximately $125 billion of Chinese imports including phones, computers and toys. It is thought that China is also requesting that the US roll back the earlier 25 percent tariffs on about $250 billion of imports.For more information, please see Reuters

Carriers

UPS ANNOUNCES MEDICAL DRONE DELIVERY SUCCESS 

UPS Flight Forward Inc., in partnership with CVS Health Corporation, has completed the first for-profit medical drone delivery from a CVS pharmacy directly to a consumer’s house. A second drone delivered a prescription to a retirement communities. The drones flew autonomously. However,  a remote operator could take control if required. The drones hovered approximately 20 feet over the premises. The deliveries were then lowered by a cable and a winch to the ground. For more information, please see Post and Parcel. 

FEDEX EXPRESS ADDS 14 NEW APAC ORIGIN MARKETS

FedEx Express has added 14 new Asia-Pacific origin markets for its FedEx International First service to the US and Canada. This brings the total to 25 Asia-Pacific origin markets. Asia-Pacific customers can have international shipments of up to 68 kilograms per package delivered as early as 8am in one to two business days to approximately 5,000 US Zip codes. For more details, please see Daily Memphian. 

UPS PROJECTS RECORD-BREAKING HOLIDAY RETURNS 

UPS has forecasted record-breaking e-commerce returns for peak season this year. UPS projects that holiday returns will peak on January 2 with an expected 1.9 million returns. This is an increase of 26 percent from last year’s peak returns day. Additionally, UPS has estimated 1.6 million returns each day the week before Christmas. For more information, please see UPS Press Room. 

DHL LAUNCHES FREIGHT RAIL SERVICE BETWEEN CHINA AND GERMANY 

DHL Global Forwarding has opened three more Rail Competence Centres in Europe and is launching the fastest rail freight connection between China and Germany. The new rail service will operate between Xi’an, China and Hamburg and  Nauss, Germany. The service will cut transit time from 17 days to between 10 and 12 days. The route crosses a number of countries, including Kazakhstan, Russia, Belarus, Lithuania and Poland. For more details, please see Post and Parcel. 

QAD Precision News 

GLOBAL TRADE AND THE IMPORTANCE OF TRADE COMPLIANCE FOR LIFE SCIENCES COMPANIES

Life sciences companies manufacture and distribute products that may include biological matter, scheduled medicines and hazardous material. As a result, the life sciences industry is, with good reason, heavily regulated. Furthermore, life sciences enterprises that distribute their products globally often need to work within a number of different regulatory environments. This can make compliance a challenge. 

In 2017, China bypassed Japan to become the world’s second-largest national pharmaceutical market. Although North America is still the largest pharmaceutical market, less well established markets including Africa, the Commonwealth of Independent States, the Indian subcontinent and Latin America are forecast to fuel growth. As a result trade compliance requirements are changing for life sciences companies. As life sciences companies move into new markets, they are required to deal with more regulations and manage more risk. In this QAD Precision Report we look at trade compliance for life sciences companies. To read the full report, please click here. 

 

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