The need to know
The need to know for the week ending 6th November 2020
The need to know from Reuters’ global network of journalists
A sharp fall in passenger flights due to the coronavirus pandemic combined with rising e-commerce demand is setting the stage for tight capacity and a renewed rise in air freight rates heading into the peak Christmas season.
Coupa Software Inc COUP.O said on Monday it acquired supply chain software firm LLamasoft for about $1.5 billion to strengthen its payment management platform, which helps manage expenses.
Warehouse chain Sam’s Club, a unit of Walmart Inc, said on Friday it will provide prescribed medicines to patients through delivery firm DoorDash Inc, as customers turn to digital orders during the COVID-19 pandemic.
Logistics firm Wincanton forecasts strong outlook on online grocery boost
Logistics company Wincanton WIN.L on Thursday resumed dividends and said it expects annual results to be ahead of market expectations, as a surge in online grocery shopping during the COVID-19 pandemic boosted its business.
Amazon.com Inc AMZN.O on Thursday forecast a jump in holiday sales - and costs related to COVID-19 - as consumers continued to shop more online during the pandemic.
Britain’s Marks & Spencer reported the first loss in its 94 years as a publicly listed company after clothing sales were hammered by the COVID-19 pandemic, but an encouraging performance in food sent its battered shares higher.
Profits at the IKEA furniture brand’s owner grew in the 12 months through August as shoppers kept at home by the pandemic spent money saved by not going on holiday on furnishing, and September and October sales rose.
Clorox Co CLX.N reported its strongest quarterly sales growth in more than two decades on Monday and raised its full-year revenue forecast as coronavirus-driven hygiene needs escalated demand for everything from its disinfectants to water filters.
China’s Alibaba Group Holding Ltd beat estimates for quarterly revenue on Thursday, as its core e-commerce business continued to grow following China’s emergence from coronavirus lockdowns.
Alibaba, JD.com, and Tencent are launching a proxy war in New York. Jack Ma’s behemoth may be mulling a $300 million investment in U.S.-listed online fashion retailer Farfetch, which is also backed by the two other technology giants.
French supermarkets will face the same limits on selling non-essential goods as small shops but shopowners are not allowed to challenge government’s new COVID lockdown rules, the finance minister said.
Developers across the world are for the first time testing the use of hydrogen to power ships as the maritime industry races to find technologies to cut emissions and confidence grows the fuel is safe to use commercially.
A U.S. grain export terminal near Baton Rouge, Louisiana, is loading about 38,000 tonnes of U.S. soybeans on a bulk cargo vessel for shipment to Brazil, according to a Southport Agencies shipping lineup seen by Reuters.
Thai exports may drop 7% this year - shippers association
Thailand’s exports may drop by 7% this year, an improvement on the 8-10% drop projected earlier and helped by a gradual recovery in global demand, but a strong baht remains a concern, the Thai shipping association said on Tuesday.
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