SUPPLY CHAINS Archives - Page 2 of 122

Mercedes-Benz to benefit from new cargo service at Birmingham airport

3 March 2023

Kuehne+Nagel, the world’s largest airfreight forwarder by revenue and volume, is establishing a cargo transfer facility at Birmingham-Shuttlesworth International Airport in Alabama to support the expansion of its private air service and avoid freight congestion plaguing most large airports. One customer that potentially could enjoy substantial improvements in supply chain efficiency from the arrangement is Mercedes-Benz.

The move represents the company’s first presence in Alabama and its first...

https://www.freightwaves.com/news/mercedes-benz-to-benefit-from-new-cargo-service-at-birmingham-airport

A new deal will make Lunchables more powerful than ever

2 March 2023

One of Kraft Heinz’s most profitable brands, Lunchables, is signing a deal with grades K-12 schools across the country — potentially launching Big Cheese, Ham, and Crackers into unknown heights.

Carlos Abrams-Rivera, Kraft Heinz executive vice president, announced the deal at the annual Consumer Analyst Group of New York (CAGNY) meeting on Feb. 21. Two types of Lunchables with “improved nutrition” will be served in grades K-12 schools as soon as this fall.

A Kraft-Heinz spokesperson declined to...

https://www.freightwaves.com/news/a-new-deal-will-make-lunchables-more-powerful-than-ever

Kuehne+Nagel logistics profit plunges but still 2nd-best quarter ever

2 March 2023

Kuehne+Nagel, the largest third-party logistics provider in the world by revenue and the largest air and ocean freight forwarder by volume, said it expected solid growth this year compared to pre-COVID times despite a 43% drop in fourth-quarter operating income as shipping demand sagged.

It also set higher financial targets of operating profit growth of 17% to 19% above 2019 levels and a conversion rate — the ratio of earnings before interest and taxes to gross profit — of 25% to 30% by 2026....

https://www.freightwaves.com/news/kuehne-nagel-logistics-profit-plunges-but-still-2nd-best-quarter-ever

Descartes provides ‘cautious’ outlook, reiterates long-term targets

2 March 2023

Management from supply chain software-as-a-service provider Descartes said higher interest rates and inflation as well as the war in Ukraine have forced it to “remain cautious” on the near term. However, its retail customers are telling them shipment volumes are likely to increase as the year progresses.

The Canada-based company reported earnings of 34 cents per share for the 2023 fiscal fourth quarter ended Jan. 31, which was 12 cents higher year over year (y/y).

Revenue increased 11% y/y to...

Kuwait government orders Agility to vacate logistics parks

28 February 2023

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Agility, the second-largest shareholder in logistics giant DSV and new owner of global airport...

https://www.freightwaves.com/news/kuwait-government-orders-agility-to-vacate-logistics-parks

US to strengthen domestic semiconductor manufacturing after global shortages during pandemic

23 February 2023

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Efficient, tech-driven supply chain management drives HelloFresh’s success

22 February 2023

During the pandemic, consumers shopping habits changed dramatically toward online channels, pressing companies like HelloFresh to rethink their supply chain operations.

“With the shutting of borders and homes and schools, everyone’s coming home and staying home, and we were a lucky recipient of that in some ways,” said Matt Cicinelli, vice president of operations and technology at HelloFresh. “We were set up to be a business of one size, not knowing COVID was coming, and we quickly transitioned...

https://www.freightwaves.com/news/efficient-tech-driven-supply-chain-management-drives-hellofreshs-success