It's the end of 2021! Although we're in the middle of the holidays, the supply chain and logistics industry will not slow down. What did you miss this month in December?
Let's dive into the shipping and SAP news that made headlines in December 2021.
What's New with SAP?
SAP Boosts Chinese Business Start-ups with SAP.iO Foundry Shanghai
The SAP.iO program supports the growth of early-stage businesses to business start-ups. By opening a new program in Shanghai, SAP commits to the Chinese business ecosystem. Direct mentorship from SAP executives and exposure to SAP technology will help these Chinese businesses identify growth opportunities and deliver value to SAP customers. Take a look at which five start-ups have joined this program here.
What's New in Global Trade & Logistics?
Brexit Update: The UK and Australia Signed Free-Trade Deal
The Free-Trade Agreement signed by the UK and Australia will lower the extra costs and taxes on imports and exports to encourage greater trade between the two countries. The UK government estimates that the trade deal will unlock over 10 billion euros of additional trade. In addition, the Australian government will enjoy 99% eliminated tariffs on its exports and will make it easier for its citizens to live and work in the UK.
Amazon May Expand Its Delivery Model to Europe
According to a report by The Information, Amazon will partner with five small trucking companies in different countries and train them to deliver goods for Amazon exclusively. The company would partner with these carriers in France, Germany, Italy, Poland, and Spain under the Amazon Freight Partner program. Read about this potential initiative from FreightWaves.
What's New in Transportation & Freight?
Ports of LA & Long Beach Postpone Container Dweller Fee for the 6th Time
Once again, Los Angeles and Long Beach's ports push consideration for fees on aging cargo back to December 27. The container dweller fee is a policy coordinated by the Biden-Harris Biden-Harris Supply Chain Disruptions Task Force, the US Department of Transportation, and multiple supply chain stakeholders. Read more about the container dweller fees in the press release from the Port of Los Angeles.
The US Mandates Cybersecurity Reports from Rail Carriers
In the effort to protect one of the country's vital infrastructures from hackers, the government will require rail carriers to report any cybersecurity breaches quickly. After the ransomware attack in May on Colonial Pipeline Co., these new directives will help keep rail transportation safe from security threats. The cybersecurity reporting requirement will be enacted on December 31, 2021.
What's New with ShipERP?
2021 Supply Chain & Logistics News Recap
With the year ending, let's look at some of the significant events in the shipping and transportation industry this year.