With Chinese food, you always have a great sense of pride stemming from having struck a bargain deal after ordering one of the tastiest items on the menu: spring rolls.
That’s how I feel about value for money, anyway.
Pretty darn basic food served in most takeaways, we know what we get for a...
https://theloadstar.com/ma-radar-tolls-spring-rolls-the-revenge-of-private-equity/
On 1 April, Toll Group CEO Thomas Knudsen sent a message to all employees at 5.40pm local time.
Part of it was leaked to the press: In a story headed “Toll Group CEO takes 40% pay cut” (link), The Australian Financial Review (AFR) last week reported that:
“Knudsen, will take a 40% pay cut for the next six months and move some staff to a four-day week, as the logistics group struggles with the loss …
The post Supply chain radar: Toll Group CEO – ‘actioning every possible option with urgency’...
A seventeen-year-old boy with plenty of hope and just enough money in my pocket to survive a week in Paris, the first place I visited in the French capital in the early 90s was the Les Puces de Saint-Ouen flea market.
Only mildly attracted to all sorts of goods on sale, my attention was immediately grabbed by a small crowd gathering, where a gentleman offered me, and anybody else, the opportunity to …
The post Market Insight: Three-card monte in logistics – expect casualties, Toll & Flexport...
Australian 3PL Toll Group is continuing to work on recovering its IT platform, crippled by a ransomware cyber attack last Friday.
It said the virus, which caused its systems to crash, has been identified as a variant of Mailto ransomware.
“We have shared samples of the malware with law enforcement, the Australian Cyber Security Centre and cyber security organisations to ensure the wider community is protected,” Toll said today.
According to a report …
The post Toll refuses to pay cyber ransom as...
https://theloadstar.com/toll-refuses-to-pay-cyber-ransom-as-it-acts-to-get-its-systems-back-online/
Australian 3PL Toll Group today revealed that the cyber attack it suffered was by targeted ransomware.
“We can confirm the cyber security incident is due to a targeted ransomware attack which led to our decision to immediately isolate and disable some systems in order to limit the spread of the attack,” the company said in a statement today.
“At this stage, we have seen no evidence to suggest any personal data has …
The post Toll Group confirms its systems were targeted by ransomware hackers...
https://theloadstar.com/toll-group-confirms-its-systems-were-targeted-by-ransomware-hackers/
Following a “cyber security incident” on Friday, Toll Group has shut down a number of systems in a bid to resolve the issue “with minimal disruption”.
The group issued a statement saying: “As a precautionary measure, in response to a cyber security incident on Friday, Toll deliberately shut down a number of systems across multiple sites and business units.
“Toll IT teams are working closely with global cyber security experts to resolve …
The post Toll Group shuts down systems and goes manual...
https://theloadstar.com/toll-group-shuts-down-systems-and-goes-manual-after-cyber-attack/
I had a long chat with a senior Deloitte manager out of the United States some time ago and he warned me about the perils of trying to address logistics issues with a touch of genius that only consultancy firms enjoy at times.
What works on paper, he argued, is often not worth the paper it’s...
https://theloadstar.com/market-insight-toll-group-the-bell-is-tolling-for-mr-mullen/
Australia’s Toll Group is on life support.
And if it wasn’t for its parent, Japan Post, we could well treat it as a business purely valued at liquidation – that’s the very simple takeaway embedded in its latest audited financials, which I got hold of only recently after banging my head against a wall for weeks.
Before we discuss at length the synergies between the Japanese parent and its Australian subsidiary – …
The post Supply chain radar: Broken Toll Group looking terminal appeared first on Th...
https://theloadstar.com/supply-chain-radar-broken-toll-group-looking-terminal/
“Toll is continuing to review our operational performance around the world to ensure we are set up to drive simpler, more focused operations for our customers. We have no intention to separate any divisions or business units, nor is this part of our strategic agenda.” – Toll Group, 10 April 2019, responds to Premium which inquired about the possibility of a break-up of the group.
My win is your loss is a mantra …
The post M&A radar: Private equity sniffing around Toll Global Express appeared...
https://theloadstar.com/ma-radar-private-equity-sniffing-around-toll-global-express/
That Japan Post doesn’t know what to do with Australia’s Toll Group is well known and on everybody’s lips in my logistics circles.
When Michael Byrne was still leading this horror show, the company told Premium that managers were committed to turn things around, as if they had both plenty of time and the necessary resources to act swiftly and sort out the trouble they found themselves in.
When I talked to the company, …
The post Market Insight: The Toll Group horror show, one nasty piece at a...
https://theloadstar.com/market-insight-the-toll-group-horror-show-one-nasty-piece-at-a-time/