The summer might be getting kicked off for many people in the northern hemisphere but logistics and supply chain companies are already gearing up for the fall and winter.
Here are some of the major supply chain and SAP developments in July 2021 that you should know about:
Ministers from Iceland, Liechtenstein and Norway signed a free trade deal with the United Kingdom on July 8. The deal slashes tariffs on high-quality British exports and boosts the digital, financial and professional business services. For more information on the free trade deal, read the UK press release.
Factories in Vietnam are required to have a safety plan for their employees safety to remain in production. The strict regulations, however, forced many factories to close, while the factories that meet the conditions are waiting for authorities to approve of their plans. The major industries impacted by the factory closure include electronics, footwear, apparel and textiles. Discover more details of the decrease in Vietnam’s production on Freight Waves.
UPS prepares for this year’s peak shipping season as the company wraps up Q2 with additional sorting space and more cargo aircraft. Based on their Q2 earnings, UPS predicts the package delivery demand will exceed their capacity by 5 million packages per day. Many shippers are moving up their timeline to prepare for the peak shipping season. Are you prepared?
SAP and the Columbia University SIPA will execute initiatives to identify and develop early talent in the cybersecurity sector. Those initiatives include developing a curriculum together, provide more internships and early career opportunities, and enable stronger knowledge transfer. Read more about SAP’s goals to develop better cybersecurity professionals in the SAP Press Room.
SAP’s CEO Christian Klein and CFO Luka Mucic are proud to see accelerated growth for the SAP’s cloud portfolio. Subsequently, the growth for cloud raises revenue and profit outlook for the company. For more details, check out SAP’s Q2 2021 quarterly statement document.
Between 2020 and 2022, DHL Express will spend $360 million to build new and expand existing facilities in the Americas region. After the exponential B2C and B2B e-commerce shipment growth the past year, DHL Express saw value in increasing capacity and efficiency within the Americas region. For more information, read about the investment in DHL’s press release.
Uber Technologies Inc aims to bolster its trucking initiative Uber Freight. TPG Capital which owns Transplace will receive almost $750 million in Uber stock and the rest in cash. The transaction is expected to close by this year or in the first half of 2022. Uber is optimistic that with Transplace, there will be more customers, especially in Mexico. Read Supply Chain Brain for more information on this deal.
For $1.35 billion, Knight-Swift Transportation expands its trucking reach by acquiring AAA Cooper Transportation. With the acquisition on July 5, Knight-Swift pushes into the less-than-truckload (LTL) market. AAA Cooper will continue to independently operate, but now under the Knight-Swift umbrella. Learn more about this acquisition on the Wall Street Journal.
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