It’s assets which are boosting profit
Kirsty Adams, Logistics Briefing Editor
I bought a fancy new hoover online this week to lift my spirits (and some hard-to-reach dust) after listening to weeks and weeks of political commentary as we welcome then eject Prime Ministers here in the UK.
We’re all doing a lot more online shopping since COVID-19, especially in Japan, which wasn’t that into it before the pandemic.?Ti data?shows that now, the?Japanese e-commerce logistics market?is the second largest in the Asia Pacific region. eCommerce giant Amazon?opened?its largest warehouse in Japan in March 2022, at 100,000sq m.
For some operators, it’s assets which are boosting earnings. Kuehne + Nagel recently reported a leap in profits of 91% . According to our Chief Analyst Thomas Cullen, this may be down to?Kuehne + Nagel’s asset utilisation. Contract logistics also seems to be benefitting from high asset utilisation, with respectable growth in sales of 8% but a 38% jump in earnings before interest and tax (EBIT).
Meanwhile, DHL Freight has opened a?new logistics terminal in Marseille?and Maersk Air Cargo has launched a?new air freight service?with scheduled flights between South Carolina (GSP) and Incheon, Korea (ICN).
As pro-trade, pro-development investment in global supply chain infrastructure continues,?the word at international affairs Think Tank?Chatham House?is that the new UK Prime Minister should be prioritising “low-carbon, resource-efficient, sustainable…supply chains.”
And yet, this week’s UK leader is choosing not to be present at climate summit COP27.
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Source: Transport Intelligence