DP World completes Cargo Services acquisition
DP World has completed its acquisition of Hong Kong-headquartered freight forwarder Cargo Services Far East ...
MAERSK: MSC RIVALRY INTENSIFIESWTC: REMARKABLY STRONG BA: LABOUR DEALFDX: NEW PARTNERATSG: RIVAL IPODSV: 'AHEAD IN BIDDING FOR SCHENKER'DSV: UNLUCKY FRIDAYSMAERSK: WEAK AGAINWMT: NEW PARTNERSHIPXPO: HAMMEREDKNIN: LEGAL FIGHTF: UPDATEMAERSK: CROSS-BORDER BOOST MAERSK: NIGERIA TERMINAL EXPANSION
MAERSK: MSC RIVALRY INTENSIFIESWTC: REMARKABLY STRONG BA: LABOUR DEALFDX: NEW PARTNERATSG: RIVAL IPODSV: 'AHEAD IN BIDDING FOR SCHENKER'DSV: UNLUCKY FRIDAYSMAERSK: WEAK AGAINWMT: NEW PARTNERSHIPXPO: HAMMEREDKNIN: LEGAL FIGHTF: UPDATEMAERSK: CROSS-BORDER BOOST MAERSK: NIGERIA TERMINAL EXPANSION
Interesting feature from trade publication Just Style on the challenges facing UK apparel producers as Brexit uncertainties continue. Some 75% of UK finished clothing products are exported to the EU, while 25% of its footwear imports come from the continent. While these ratios would clearly be affected by the potential cost increase implied by Brexit, it is also the uncertainty over possible new border arrangements which could have a calamitous effect, particularly on fast fashion operations. “Many companies are starting to plan for delays at the border. Some are looking at delays of potentially a week. In a fast fashion environment, particularly if you are fulfilling across Europe from a centralised hub, these delays can have a massive impact on your working capital.”
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