Deutsche Post DHL has transferred its supply chain operations in China to SF Holding through a 10-year deal to increase its presence in the country. DP DHL will receive about $800 million up front and revenue-based payments over the term.
The impact of e-commerce on the retail industry has been profound, and it now requires supply chain managers to use diverse systems to improve efficiency, writes Patrick Burnson. In this interview, Jonathan Gold of the National Retail Foundation discusses how the industry will rely on faster delivery times and supply chain transparency in order to develop a seamless, efficient solution for the consumer.
Some manufacturers are using technology to open web-based shops to sell directly to the consumer, eliminating the middleman, writes Michiel Schipperus, CEO of Sana. "Our research found that half of the world's wholesalers feel threatened by manufacturers now selling direct, believing that this is causing the disintermediation of the traditional supply chain and driving the competitiveness between what [were] once traditional partners," Schipperus notes.
Amazon has expanded its Amazon Air plane fleet to 50, and the company now does its own shipping on more than one-quarter of its online orders, according to Wolfe Research. Bringing more delivery in-house can trim costs, but FedEx doesn't think Amazon will build a service that's big enough to be a significant competitor, FedEx executive Patrick Fitzgerald said.
MRC Global posted fourth-quarter revenue of $1.01 billion, up 11.7%, and full-year revenue of $4.17 billion that increased by 14.4% from 2017. The company posted an adjusted profit for the fourth quarter after a loss a year earlier.
Tax refunds might be smaller for some Americans this year, but this shift is often because less money was withheld from each paycheck, says Heather Long of The Washington Post. "So, the big key takeaway, if you remember nothing else, is that 80% of Americans did get a tax cut last year," she says.
Contractors need to make sure their software can handle reverse logistics processes, warranties and repair, writes Charles Rathmann of IFS. An IFS survey found that 48% of responders said their warranty repair software is inadequate.