Arvato Supply Chain Solutions grows in China
GUANGZHOU, China, KUNSHAN, China and SHANGHAI, Feb. 24, 2021 /PRNewswire/
Arvato Supply Chain Solutions is on a growth path in China with numerous new businesses. The supply chain and e-commerce service provider has taken over extensive logistics and fulfillment services for a total of five new customers at four locations in its Chinese network. Online retail is a strong driver of this new business, says Raoul Kuetemeier, Head of Asia at Arvato Supply Chain Solutions. With our supply chain competence, we are able to offer all services within the process chain and implement integrated e-commerce solutions across all sales channels. And that is being rewarded and increasingly sought-after by market participants.
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Steps by
Ryder System (NYSE: R) to increase the valuation of its used truck inventory, and to get the size of that pool under control, are starting to catch up with the company s goals.
That s one of the messages that came out of two recent presentations by Ryder CEO Robert Sanchez: last week after the company released its fourth-quarter earnings and on Wednesday, when Sanchez presented via video link to the Citi Industrials Conference.
Sanchez, on the earnings call, said Ryder is now selling used trucks above the value of the residuals it set for the fleet after earlier writedowns, some of which could easily be described as steep. Tractor sales in the fourth quarter were still slightly below the levels the company has established in its accounting, he said.
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Ryder (NYSE: R) cited a stronger market for used vehicles as a reason for its turnaround from an operating loss in the fourth quarter of 2019 to an operating profit this year.
Under GAAP provisions, Ryder in the fourth quarter of 2020 posted earnings per share of 48 cents. In the corresponding quarter of 2019, that number was a loss of $1.02 per share. Under non-GAAP accounting, income from continuing operations was 83 cents last quarter, including a 38-cents-per-share hit for a bonus to front-line employees. Last year, that number was just under breakeven, with a loss of 1 cent per share.
Ryder s profitability is heavily dependent on the margins of the market it finds for its sales of used vehicles out of its Fleet Management Solutions division, which is more than 60% of the company s revenue. It is that division that leases trucks and other equipment to customers.
AAPN Fireside Chat â Traceability & Transparency
February 11 @ 11:00 am - 12:00 pm
Nicole Bivens Collinson, President, International Trade & Government Relations @ Sandler Travis & Rosenberg, P.A.
Chuck Rogers, Americas Director, Technical Consulting & Supply Chain Solutions @ Bureau Veritas Consumer Product Services
Given the recent issuance of a WRO (Withhold Release Order) by CBP on all merchandise containing cotton or cotton products from Xinjiang, and the impact this will have, we have invited Rick Horwitch and Chuck Rogers of Bureau Veritas and Nicole Bivens Collinson of Sandler, Travis & Rosenberg to talk about what it means, what are the implications and what do importers and all supply chain players need to do to prepare.
How resiliency forms the strongest link in the digital supply chain
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Summary:
Heidi Benko, VP Solutions Strategy & Marketing at Infor Supply Chain Management, breaks down the three key elements of what makes up a resilient supply chain. Detecting disruptive events is key.
(Image by Kevin Amrulloh from Pixabay )
Recent times have brought the importance of supply chain resiliency into even sharper focus. Organizations that had already built resilience into both their technology networks and operational networks have managed to weathered the turbulent times throughout the COVID-19 pandemic better. For others, it has been a huge wakeup call.
As we now stand back and attempt to regroup, rebuild and regenerate, every business has a chance to reflect and decide how to become better prepared.