Shopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business to Flexport, a supply chain management company. The Ottawa-based e-commerce giant announced the moves Thursday morning and positioned them as a way to help it focus on its main quest: making commerce easier. But achieving that…
Inflation Could Tank Warehouse Construction Boom Next Year: Report
New warehouse construction in the United States will plunge next year due to a rapid increase in capital costs, while barriers to development in California will help make Texas the leading hotbed of leasing demand, according to forecasts by logistics real estate giant Prologis Inc. Warehouse demand in Mexico will also accelerate as the United…
Chinese Courier Companies Face Fierce Competition Amid Intrusion Into Southeast Asia
November 24, 2022
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14th five-year planAsia & PacificBelt and Road Initiative (BRI)ChinaChina Business & EconomylogisticsSoutheast AsiaTNT ExpressWorldYTO express
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In the past two years, Chinese shipping and logistics companies have actively been expanding into overseas markets, with the most intense competition being into Southeast Asia. YTO Express, a leading private courier in China, recently announced plans for further expansion abroad at the recent China International Import Expo (CIIE), an annual trade fair held in…
Global Port Congestion, High Shipping Rates to Last Into 2023: Executives
SINGAPORE—Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch to long-term contracts to manage shipping costs. Ship delivery times have lengthened amid the COVID-19 pandemic since 2020, pushing up freight costs, while the Russia-Ukraine conflict and lockdowns…
Tesla Shanghai’s Exports Dropped to Zero Under China’s ‘Zero-Covid’ Policy
May 13, 2022
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The Chinese communist regime’s mass lockdowns and extreme COVID-19 control measures have severely affected China’s automobile industry and global supply chain. The Tesla Shanghai factory’s exports in April dropped to zero. An expert believes the situation won’t improve until June. The China Association of Automobile Manufacturers published its April automobile production and sales data on…
Prologis Offers to Buy Duke Realty in $23.7 Billion Deal as Warehouse Demand Soars
Prologis Inc., a warehouse real estate company, said on Tuesday it had offered to buy its smaller peer Duke Realty Corp in an all-stock deal valued at $23.7 billion, as it looks to benefit from the booming demand for industrial space. The deal comes at a time when Prologis is struggling to keep up with…
Warehouse Fires Occurring Nationwide May Be Linked to Lockdown Policy
News Analysis Logistics parks and warehouses in many parts of China have reportedly caught fire in recent months. Some suggest that the fires could have been set on purpose to conceal the dumping of (or spoiled) materials that couldn’t be delivered during lockdown-induced transportation disruptions. From February to April, fires were frequently reported in the…
The Amendment Process | Constitution Alive
April 25, 2022
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This film is only available in the US because of territorial licensing. Learn the logistics of amending the Constitution as the people of the United States. As you examine the specifics of the process, explore some possible amendments on the horizons. – Feature Films: Cinema collection: epochcinema.com Epoch Original content: epochoriginal.com Feature Films: www.theepochtimes.com/featured-films Follow…
Amazon CEO Pledges Logistics, Cybersecurity Support for Ukraine
March 4, 2022
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Amazon.com Inc. is using its logistics capability to get supplies to those in need and cybersecurity expertise to help governments and companies as part of its support for Ukraine, Chief Executive Andy Jassy said on Twitter on Wednesday. “Amazon stands with the people of Ukraine, and will continue to help,” Jassy said, following Russia’s invasion…
Logitech Sees Logistics, Component Crisis to Extend to 2022
Logitech International SA CEO Bracken Darrell expects logistics problems and component shortages to continue at least into early 2022, Reuters reports. “We will have some issues delivering at the levels of demand that are out there. But we have strong levels of inventory,” Darrell said. Logitech was also adding new suppliers and relying on its long-term…
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