Shopify Inc has divested the logistics arm it built over the past few years, in a reversal of its strategy of aggressively investing in fulfillment networks, the Canadian e-commerce platform said on Thursday. It has sold its logistics unit, including Deliverr Inc, a company it acquired for $2.1 billion less than a year ago, to… Continue reading Shopify divests logistics arm to Flexport in strategic reversal
Tag: Strategy
Driven by Innovation: DXC Technology Announces Partnership with Scuderia Ferrari
Multi-year agreement includes commitment to engineer automotive digital solutions DXC logo to appear on SF-23 commencing Formula 1 Miami Grand Prix ASHBURN, Va., May 3, 2023 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services company, today announced it has signed a multi-year agreement with Scuderia Ferrari, the racing division of… Continue reading Driven by Innovation: DXC Technology Announces Partnership with Scuderia Ferrari
By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
The ability to remotely update faulty software in vehicles will be a key asset for automakers LONDON, May 3, 2023 /PRNewswire/ — By 2028, automakers in the United States will use Over-the-Air (OTA) update capabilities to save US$1.5 billion by remotely implementing fixes to product recalls. According to global technology intelligence firm ABI Research, performing… Continue reading By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
Space Equipment Global Market Report 2023: Expanding Applications of Satellite Imagery in Commercial & Military Sectors Bodes Well for Sector
DUBLIN, May 3, 2023 /PRNewswire/ — The “Space Equipment – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. Global Space Equipment Market to Reach $580.5 Billion by 2030 In the changed post COVID-19 business landscape, the global market for… Go to Source
Onwards: Bosch is accelerating its growth in all regions and sectors
Ladies and gentlemen, Even if the title of our annual report seems to point to better times ahead, “onwards” does not imply that we can simply leave today’s crises behind us. On the contrary: even this annual press conference, to which I offer you a warm welcome, is taking place during a war in Ukraine… Continue reading Onwards: Bosch is accelerating its growth in all regions and sectors
Volkswagen Will Invest $193 Billion in Electric Cars and Software
Volkswagen said on Tuesday that it would spend $193 billion on software, battery factories and other investments as it aimed to make every fifth vehicle it sold electric by 2025. The automaker, the world’s second biggest after Toyota, will also focus on expanding its presence in North America, where it has struggled for years, and… Continue reading Volkswagen Will Invest $193 Billion in Electric Cars and Software
IBS Software Partners with CarTrawler to Expand Ancillaries for iFly Staff & Corporate Customers
The technology will enable IBS customers to offer a one-stop shop for Staff & Corporate travel bookings DUBLIN, May 4, 2023 /PRNewswire/ — IBS Software, a global leader of SaaS solutions to the travel and transportation industry, has chosen CarTrawler, a leading B2B technology provider of car rental solutions, to offer car hire & insurance services… Continue reading IBS Software Partners with CarTrawler to Expand Ancillaries for iFly Staff & Corporate Customers
Cunard appoints Katie McAlister as president
SOUTHAMPTON, England, May 4, 2023 /PRNewswire/ — Cunard has announced the appointment of Katie McAlister as president. Katie will join Southampton-based Cunard in August after a 20-year career with TUI where she is currently chief marketing officer, UK & Ireland. Continue Reading Katie McAlister headshot Carnival UK president Sture Myrmell said: “We are delighted to… Continue reading Cunard appoints Katie McAlister as president
First Reserve Partners with Palmdale Oil
Florida-based Downstream Logistics and Distribution Platform to Pursue a Buy-and-Build Strategy STAMFORD, Conn. and HOUSTON and FORT PIERCE, Fla., May 4, 2023 /PRNewswire/ — First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, infrastructure, and general industrial end-markets, today announced it has partnered with Palmdale Oil (“Palmdale” or… Continue reading First Reserve Partners with Palmdale Oil
Air Canada Updates 2023 Guidance
MONTREAL, May 4, 2023 /PRNewswire/ – Air Canada today updates its 2023 financial and capacity guidance. Air Canada is updating its guidance for 2023. The revised guidance for adjusted EBITDA* reflects expected earnings resulting from an improvement in traffic and yield from a stronger-than-anticipated demand environment and lower-than expected fuel price. The revised guidance for… Continue reading Air Canada Updates 2023 Guidance