Logistics Viewpoints
FEBRUARY 2, 2024
She also said the company planned to ask workers to return to the office five days a week in 2024. percent drop in annual sales, UPS forecast a 2024 upswing of as little as 1.1 Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations.
Supply Chain Matters
MARCH 28, 2024
In conjunction with the reporting of 2023 financial performance, the California based EV maker announced that the company would lay off upwards of 15 percent of its current staffing, amid cash and ongoing business and supply chain related challenges. The company reported a cash balance of slightly over $325 million at the end of 2023.
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Supply Chain Matters
JULY 5, 2023
On June 30, word came that UPS provided what was reported as counter proposal “ with significant movement on wages and other economic language.” A reported tweet by the Teamsters Twitter account on Friday indicated that the union was poised to reach a deal no later than July 5, which is today. We sense a similar dynamic.
Logistics Viewpoints
AUGUST 28, 2023
UPS is the largest parcel delivery company in North America. This claim was made again in UPS’s last annual report. The agreement requires in-cab air conditioning in most UPS delivery vehicles purchased after Jan. The company generated over $100 billion in revenue in their last financial year.
Supply Chain Matters
SEPTEMBER 18, 2023
Last week, the industry publication Aviation Week published its report, Pratt GTF Repair Plan Jolts Beleaguered Airline Industry. Specifically noted in the report: “ The effect on the airline industry will be profound.” Reportedly the news of a far broader inspection program caught most airline providers by surprise.
SCMDOJO
APRIL 15, 2024
Pharmacy: Amazon Pharmacy – Online service for purchasing prescription medications with home delivery. Business Solutions: Amazon Business – Marketplace offering tailored products and tools for businesses, including bulk purchasing and business pricing. Billion US Dollars), followed by Europe and potentially Asia.
Supply Chain Matters
OCTOBER 26, 2023
The results of that strategy came to light in the reporting of Tesla’s latest Q3 financial performance that missed on revenue and especially profitability objectives which caused investors to precipitate a 15 percent decline in the company’s stock price last week in questioning the poor performance.
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