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Alibaba-led consortium to buy 10% stake in ZTO Express for $1.38bn

247 Customs Broker

Alibaba-led consortium has agreed to purchase 10% equity stake Chinese express delivery firm, ZTO Express (Cayman), for around $1.38bn. The investors led by Alibaba and its logistic arm Cainiao Network have entered into a strategic agreement with ZTO Express for the investment and acquisition of interest.

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This Week in Logistics News (September 23 – 29)

Logistics Viewpoints

UPS has launched DeliveryDefense , an AI-powered approach to reducing the risk of delivery theft. The UPS tech uses historic data and machine learning algorithms to assign each location a “delivery confidence score,” which is rated on a one to 1,000 scale. California Gov.

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The End of the E-Commerce Hype Is Bad News for Planes

ShipLilly

For a long time, industry experts and observers suggested that e-Commerce was the next big thing and that it’s here to stay. The current signs are not encouraging for freight industry investors. Data released by the Bank of America suggests this pattern is reflected elsewhere in industries.

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Companies in Asia Pacific Eager to Innovate with Supply Chain Optimization

AIMMS

People are very intrigued by Prescriptive Analytics and Modeling, hearing success stories from counterparts in industries like energy and retail. The need for advanced analytics in these areas is pressing, as large amounts of data are available , adding complexity to operations. The AIMMS Alumni Connection Group on LinkedIn.

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Top 10 Logistics Trends That Could Impact Supply Chains in 2022

Locus

2021 may not be a year for the logistics industry to cherish, but it was a year filled with a lot of takeaways. Logistics industry was experiencing capacity constraints, driver shortages, sudden upticks in e-commerce demand, new technologies, different fulfillment models , delays, port congestions, canal blockage etc. Rewind to 2021!

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Top Challenges in Enabling Same-Day Prescription Delivery

Locus

Also, this is the most preferred delivery method for selling time-sensitive products in the pharmaceutical industry. The biggest reason for the popularity of same-day prescription delivery is its convenience. It has become a priority for the pharmaceutical industry as it meets the customers’ need for convenience and safety.

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This Week in Logistics News (September 30 – October 6)

Logistics Viewpoints

retailers and other delivery customers for the first time in more than four years are easily winning discounts from United Parcel Service and FedEx , according to industry data and interviews with seven professionals who advise shippers in price negotiations. million sq ft of industrial space.