This week in logistics news (October 30 – November 5) – News Couple

This week in logistics news (October 30 – November 5)

The wine industry has been hit hard in the United States over the past two years. Pre-pandemic, this was mostly due to drought and wildfires, which devastated the West Coast, destroying millions of acres of vineyards. For 2021, there’s been another hiccup, which the wine industry might refer to as the big kerfuffle in the supply chain. The issue became supply chain and manufacturing constraints, which delayed the delivery of essential items such as bottles, corks and even the wine itself to middlemen. For some vineyards, they rely on certain barrels to give their wine its distinct flavor; But reports are circulating that delays of 6 to 8 months are the norm for these barrels today. Wholesalers are now scrambling to get products from producers to retailers, which explains why our favorite wines were unavailable from the early days of the pandemic. This is simply another example of how the combination of capacity, manufacturing and port delays affects every aspect of our lives. Now, let’s move on to this week’s logistics news.

Sometimes it is simply amazing to watch how a company builds momentum. This is definitely the case for norw, the independent home delivery startup that has already secured partnerships with FedEx, CVS, Domino’s and Kroger. Furthermore, the company announced two months ago that it would spend $40 million building a manufacturing facility and route testing for its fleet of self-driving robot vehicles. Now, Nuro has announced that it has raised $600 million in Series D funding from notable investors, including Tiger Global Management and Google. This brings its valuation to $8.6 billion, compared to “only” $5 billion last year. In addition to the funding, Nuro also revealed a five-year “strategic partnership” with Google Cloud, which it said would support the “enormous scale and capacity required to run self-driving simulation workloads,” as well as give Nuro access to machine learning intelligence and storage for a massive amount of data. generated by its vehicles.

What do Bill Gates, Steve Jobs and Mark Zuckerberg have in common? Besides the fact that they are tech geniuses who have built successful companies, they have all dropped out of college. I’m not suggesting it’s the way for everyone, but 19-year-olds Aadit Palicha and Kaivalya Vohra might be looking to join the list. The two young men, who were both dropouts from Stanford University, started zeptoStart the grocery delivery app for 10 minutes. The company has now raised $60 million in funding from investors such as Y Combinator and Glade Brook Capital to strengthen its presence in India’s crowded but fast-growing grocery delivery market. Zepto will compete with several online grocery sellers such as SoftBank Group Corp-backed Grofers and Google-backed Dunzo for a slice of the express grocery delivery sector, the so-called express commerce or Q-Commerce. Through a network of small warehouses, it aims to raise the bar and deliver within 10 minutes in the neighborhoods of Bangalore, Mumbai and Delhi.

To prevent the shipping bottlenecks that have crippled the country’s supply chain recently, The Biden administration and officials in California He said Thursday that billions of dollars in infrastructure improvements are being accelerated at the state’s largest ports. The two announced a new partnership aimed at helping “billion dollar” renovations to prepare the Los Angeles and Long Beach ports of the future. The partnership will be tasked with courting financial sponsors and linking them with federal infrastructure grants to accelerate much-needed port and highway modernization.

Speaking of port congestion, this week West Coast ports announced a fourth attempt to clear Container backlog, which consisted of three new measures. First, the city of Long Beach tried to tackle a different piece of the puzzle by issuing a temporary 90-day waiver of its rule that containers could be stacked only two units high during storage. By allowing boxes to be stacked four or five tiers, the plan could help workers move more containers from ships floating at sea. Second, the Twin Ports said they would increase pressure on companies to move their berth inventory by assessing an additional cost to shipping companies to import containers that spend a significant amount of time at sea terminals. Ports will now charge carriers a daily fee for each container attached to the truck for nine days or more and for each container attached to the rail that stayed for three days or more. And third, the Port of Long Beach announced a separate plan to move many of those stranded containers off the docks by moving them to Utah through a deal with the Inland Utah Port Authority (UIPA) and Union Pacific Railroad. The move aims to alleviate the current port congestion by improving rail deliveries between the two countries.

The United States will raise Tariffs on some steel and aluminum imports coming from Europe from December 1 as part of an agreement to ease trade tensions between the two countries. The agreement sets a quota that allows a certain amount of steel and aluminum to be imported from the EU duty-free, with anything above that level being subject to existing tariffs. In response, the European Union said it would scrap billions of dollars worth of retaliatory tariffs on bourbon and other US-made products that were due to increase next month. The agreement will last for two years, during which time the United States and the European Union will negotiate a new agreement to permanently raise tariffs and pressure other countries to reduce carbon emissions from the metals manufacturing process.

It looks as if Uber He wants to hand everything over these days. Earlier this week, the company announced a partnership with Bed Bath & Beyond and Buybuy Baby to add a new delivery category for babies and children. Parents can now purchase nappies, wipes, first aid kits, bath toys and other baby needs from more than 750 Bed Bath & Beyond and 120 Buybuy Baby stores in the US through the Uber and Uber Eats apps. To search for baby and baby products, Uber says to open the app and tap “Baby” under categories or search using baby emojis.

Two weeks ago, I wrote that Sephora launched a same-day delivery service just before the holiday shopping season, which is set to deliver purchases within two hours. Now, a competing beauty brand Ulta Partnered with DoorDash for same-day delivery with the goal of “Instant Beauty Satisfaction”. In select cities across the United States, including Boston, Atlanta, Los Angeles, Chicago, Houston and Boise, Idaho, customers will have access to more than 25,000 Ulta products that include on-demand skincare, cosmetics, fragrances, and hair care through DoorDash Drive, Which provides direct delivery to companies. To order, customers can visit the Ulta website to add products to their cart, check local availability and choose the same day delivery option during checkout. There is $9.95 per order. For orders over $99.99, a signature will be required.

Panic mode has begun to prepare for the upcoming holiday season. That is, of course, unless it is Estee Lauder President and CEO Fabrizio Frieda. Earlier this week, Frida expressed confidence in the cosmetics company’s standing in the holiday shopping season. Frieda said the following during CNBC’s Jim Cramer interview on “Mad Money”:

“Imagine that in a period where there is a lot of supply chain disruption, and a lot of supply chain issues due to Covid in different parts of the world, we were ready for our holiday shipments. Most of our holiday shipments have already been shipped to retailers, so we are already in The game is long before the full holiday season even begins, which is a rarity in this moment of turmoil.”

That’s it for this week. Enjoy the weekend and the song of the week, spilled wine by Eric Bourdon and War.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button