Logistics software provider E2open, carrying a heavy amount of leverage, had its debt rating affirmed by S&P Global Ratings in a review triggered by its recent acquisition of Logistyx Technologies.
E2open (NYSE: ETWO) became a public company for a second time in early 2021 via CC Neuberger Principal Holdings, a special purpose acquisition company. But though the transaction left it with greater debt, its operations are generating enough cash that S&P, in its review of the company’s debt...
Much to shippers’ chagrin, pandemic-fueled headwinds – including labor shortages and changing consumer behaviors – continue to impact the entire supply chain. A few months into 2022, capacity constraints persist and rates remain elevated.
Companies across the industry are facing similar challenges, but capacity concerns are especially strong in the parcel space. There has been a tremendous increase in parcel demand since the beginning of the coronavirus pandemic; this can be attributed – in...
E-commerce revenue in the U.S. exceeded $600 billion in 2019, up almost 15% year-over-year. More Americans are opening their laptops instead of heading to the mall, and legacy retailers are facing the pressure to adapt to the times. The coronavirus pandemic continues to amplify that pressure as 2020 drags on.
While retail e-commerce sales still make up a relatively small fraction of total retail sales in the U.S., that number nearly tripled from just over 4% of total sales in the first quarter...
When the coronavirus first made its way across the U.S. this spring, consumers rushed to stock up on essentials, emptying store shelves in record time. Panic-buying has since slowed, but now shoppers — many of whom still remain in their homes most of the time — have taken to the internet to purchase everyday essentials and engage in a little pandemic-fueled retail therapy. The combination of these consumer behaviors has resulted in a swift uptick in parcel volumes.
While some shippers were...
https://s29755.pcdn.co/news/how-last-mile-has-changed-in-the-shadow-of-coronavirus
The coronavirus pandemic has pummeled the world economy, sparked record unemployment claims, stolen thousands of human lives and disrupted the way people live and work. It has also thrown the logistics industry for a loop, putting unprecedented pressure on essential goods suppliers and halting nonessential businesses in their tracks.
Now, states have loosened lockdowns, businesses have reopened and volume has come back into the market. As people try to create something akin to a new normal,...
https://s29755.pcdn.co/news/pandemic-highlights-how-tech-improvements-propel-companies-forward