How companies can reshape results and plan for a COVID-19 recovery
As global companies grapple with a black swan event, now is the time to focus on five key priorities that can help reshape results. In 2007, Nassim Nicholas Taleb — a finance professor, writer and former Wall Street trader — wrote a book about what he termed as “black swan” [...]
Luxembourg Airport to develop cargo community system
Luxembourg Airport has selected Nallian to implement a cargo community system (CCS) in order to offer a neutral data sharing platform for businesses based at the hub. The airport said that the CCS represented an important component of the Luxembourg Single Window for Logistics programme and will be open to [...]
Coronavirus Could Be The End Of China As A Global Manufacturing Hub
The new coronavirus Covid-19 will end up being the final curtain on China’s nearly 30 year role as the world’s leading manufacturer. “Using China as a hub...that model died this week, I think,” says Vladimir Signorelli, head of Bretton Woods Research, a macro investment research firm. China’s economy is getting [...]
DP DHL takes a €70m hit from the coronavirus
Deutsche Post DHL took a €70m hit on its operating profits in February as a result of the coronavirus. The express, parcel and logistics giant said that it had a very good start to the year in January and was prepared for the usual effects around Chinese New Year. However, [...]
FedEx expands in Philippines, cutting China dependence
Courier to build terminal at former US base as trade war bites MANILA -- U.S. courier FedEx will develop a regional cargo terminal at Clark Air Base in the Philippines as the bruising U.S.-China trade war forces the company to rely less on its Guangzhou hub. The construction of the new and [...]
Turkish Cargo sees 7.1% tonnage surge in 2019
Turkish Cargo recorded a 7.1% tonnage increase in 2019 compared with a global air cargo market that fell by 4.4%. Citing data from airfreight market analyst World ACD, a spokesperson for Turkish Cargo said that the carrier had the largest growth rate among the top 10 airlines. It also rose [...]
E-commerce boost for Sheremetyevo airport
E-commerce helped Moscow’s Sheremetyevo airport increase its airfreight volumes by 6.9% in 2019 to over 329,000 tonnes, while mail rose by 37.4% to 49,400 tonnes. Moscow Cargo, the main airfreight handler at Sheremetyevo, saw its throughput rise by 12% over 2018 to 275,000 tonnes of cargo and mail. A spokesperson [...]
“The most interesting seminar in a long time”
ACCE100 community meeting on Wednesday, February 19 at Tallinn Airport Zeppelin Conference Room enjoyed the participation of 40 community members across different fields. The agenda for the day was rich and full of forward thinking ideas. Mart Maasik spoke about the SEB Innovation Lab experience. It was established with the aim of [...]
IATA and IPC team up on e-commerce shipments
IATA and the International Post Corporation (IPC) will step up their efforts to promote the development and expansion of safe, secure, accessible and high-quality airmail and air cargo services. The two organisations said they had today signed a memorandum of understanding (MoU) to reinforce their co-operation and have identified seven [...]
AirBridgeCargo offers charter flights to meet coronavirus-related demand
The Volga-Dnepr Group has been operating as many as five “sterilised” charter flights into China each day to cater for coronavirus related demand. The group said that on average, three to five charter flights are being operated daily, with a number of preventive measures being taken to ensure the safety [...]
Estonian and Finnish commercial registers start exchanging data
The commercial registers of Estonia and Finland on Friday started exchanging data over the X-Road, which enables the two registries to make inquiries to each other, reducing paperwork and fraud. Deputy secretary general of the Estonian Ministry of Justice Viljar Peep said hopefully in the near future Estonian business operators [...]
Coronavirus clouds airfreight outlook
The coronavirus is beginning to affect airfreight prices in Asia, derivatives broker Freight Investor Services (FIS) has reported. However, the FIS added that the outbreak is leading to severe reductions in airfreight volume from Asia due to quarantine measures, which has in itself limited the amount of available data – [...]
Supply chain professionals fear a recession in 2020
A new survey shows that the majority of supply chain industry executives anticipate a recession in 2020 amid concerns about downward pressure on global trade volumes, uncertain growth prospects, and ongoing friction between the US and China. According to the latest Agility Emerging Markets Logistics Index, 64% of industry professionals [...]
How to become better in collaboration and knowledge transfer to unlock the next growth level?
Mart Maasik is co-founder of the SEB Innovation Lab. The initiative, which has been a critical building block of the SEB Group digitization transformation strategy. At its first stage, the Innovation Lab goal was to create a mindset and skillset shift to accelerate intrapreneurship movement across the corporate with a [...]
IATA: Worst year for air cargo since 2009 financial crisis
Recent airfreight trends have been maintained, IATA’s latest market analysis detailing full-year results for 2019, has reported. Meanwhile, the impact of the coronavirus on the aviation sector continues to cause uncertainty for the future. Industry-wide freight tonne kms (FTK) for the year declined by 3.3% year on year, while available [...]
The Dirty Little Secret
We love to talk about e-Estonia as the most advanced digital society where everything is digital, paperless, borderless, and we hate to wait for someone or somewhere. We love to dream about this but the dirty little secret is that in the 21st century, the field of logistics is still [...]
IoT opportunities for logistics
Internet of Things (IoT) technology has the potential to change many industries and processes as it introduces new cost-effective capabilities for sensing and control. One of the main advantages of IoT technology is that it enables monitoring with much higher granularity compared to legacy systems, from more locations and with [...]
The Framework for Creating and Building a Great Venture
If you want to climb Mount Everest, you need gear, a plan, and a Sherpa. IT’S NO USE TO RELY ON PURE GENIUS—either individual or technological—to produce success. Sure, sometimes a lone genius succeeds in creating a breakthrough company. But it’s rare. Instead, if you adopt the framework we use to [...]
e-Estonia: What’s behind Estonia’s digital success?
Networks of trust According to Kattel and Mergel, the crucial factor in Estonia was small tight networks of highly motivated civil servants and private sector actors. This was a result of both necessity and chance. Since at that time Estonia was poor (to the extent of being virtually bankrupt) it could [...]
Flameko is ready to fly your goods from China!
Flameko Forwarding: If you have trouble getting your goods from China, we can bring it by air cargo already now. The only obstacle though is when the area is officially closed by the state. Also, the sender must be able to issue their goods. Hong Kong poses no problems at [...]
Empowerment: Happiness and change go hand in hand
As soon as we feel like we have completed something and everything is on place, life happens and the bliss we created has been blown up. Life is like a river that never stops flowing. It depends only on your courage (choices) which is the speed of the flow (life) [...]
World Economic Forum: These will be the most important cities by 2035
Cities are the engines of the modern economy. Over half of the world now lives in urban areas, and urbanization continues to shape the trajectory of global growth in unprecedented ways.However, the most important cities of today may be quite different than those leading the charge in the future. This [...]
Coronavirus set to impact air cargo
AirCargoNews: The air cargo industry is bracing itself for the impact of measures taken to halt the spread of the deadly coronavirus in China. Overnight, British Airways announced that it would suspend all direct flights to and from mainland China, with others expected to follow. United Airlines, Cathay Pacific and [...]
10 eCommerce Trends 2020
eCommerce revenue now represents 10.7% of U.S. retail sales. With 47% of eCommerce transactions (or 5% of all U.S. retail sales), Amazon has surpassed Walmart as the world’s largest retailer. Globally, online’s share of total retail sales is now 16.4%, with eCommerce accounting for more than three-quarters of overall retail [...]
Platform Revolution
North America has more platform firms creating value, as measured by market capitalization, than any other region in the world. Platform firms in china, with its large, homogeneous market, are growing fast. Platform businesses in Europe, with its more fragmented market, have less than a quarter the value of such [...]