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2018/03/21/(Wed)

Panalpina GPD-certified for the safe handling, storage and distribution of drugs [Forwarder]

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Panalpina realizes that maintaining product quality and safety of pharmaceuticals in the supply chain is highly critical. In line with this, the company has taken strong initiatives to exceed the expectations of healthcare customers.

Many pharmaceutical companies require that business units that handle their products are certified according to Good Distribution Practice (GDP), a set of guidelines for the proper distribution of medicinal products for human use. Today, 70 Panalpina business units around the world are GDP-compliant. Out of these locations, 30 are GDP-certified and this number is on the increase. The GDP quality assurance standard includes stringent requirements for the handling, storage and distribution of pharmaceuticals.

“With increasingly global supply chains and the emergence of high-value products, there is a heightened demand for strict quality and temperature control measures to ensure the safety and integrity of pharmaceutical products throughout long-distance deliveries,” explains Andreas Sahli, Panalpina’s global head of industry vertical healthcare. “Stakeholders across the supply chain can rely on us to deliver GDP-compliant transport, storage and distribution solutions worldwide.”

Panalpina holds thousands of trainings on GDP topics each year and around 3,000 employees are currently GDP-qualified. In 2018, Panalpina will roll out its own GDP training materials, and continue its program to qualify its staff, thus expanding its capabilities and knowledge in this regard.

Central to Panalpina’s success in quality management is its self-assessment process. The company’s quality, health, safety and environment (QHSE) team performs 40-50 GDP audits per year to look for opportunities for improvements in established processes and standards and to identify any systemic issues that require addressing. “When a non-conformance is identified, a root-cause analysis is performed immediately to identify the origin of the issue, and a corrective action plan is developed,” says Lindsay Zingg, global head of QHSE at Panalpina.

Systematic subcontractor management

As an asset light organization, Panalpina is critically dependent on the performance of its subcontractors and their adherence to agreed processes and procedures. As part of its environmental, quality and safety management systems, Panalpina also has a rigorous program of subcontractor audits, whereby the working standards and corporate controls of subcontractors are assessed regularly. These audits include environmental performance standards, and adherence to labor and human rights performance. In 2017, 266 subcontractor audits were performed.

Panalpina is using Validaide, a new online platform it has co-developed, to qualify its key suppliers and make lane-risk assessments, especially for the healthcare industry. On the open platform, customers and suppliers of services are connected to standardize and improve supplier qualification for different product categories and transport modalities. In 2018, Validaide will be further rolled out to continue to leverage the advantages the system offers.

Posted at 20:43   パーマリンク

2018/03/17/(Sat)

Panalpina Clean energy for 54,000 Australian homes with Downer(Panalpina) [Forwarder]

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Panalpina has been increasing its participation in the renewable energy sector by investing significant efforts and resources in the industry through its Energy and Project Solutions. As mentioned in its most recent article on renewable energy in Australia, the company is currently showcasing a series of valuable ongoing projects that will help reshape Australia’s energy future.

Today’s turn is for leading integrated services company Downer, which awarded Panalpina with the Ross River Solar Farm contract in 2017. Panalpina will control shipping, customs clearance, inland transport, warehousing and site coordination for ocean freight from Asia and the USA.

From mango farm to solar farm

Construction is now under way on a disused mango farm in the dry tropics of Queensland. The Ross River Solar Farm will have 417,000 solar panels installed with the capacity to generate 148 MW of clean energy – enough to power over 54,000 homes. The farm is expected to operate for up to 40 years, after which it will be refurbished for further use or decommissioned, returning the area to its natural condition.


“Downer insisted on a long-term cooperation for solar projects in Australia, and Panalpina is already engaged in logistics RFQs for new initiatives. They have a strong pipeline and we have put a framework agreement in place so they can add projects to our scope of work as they come online,” says Justin Bound,country head of Energy and Project Solutions for Australia and New Zealand.

Once the Ross River Solar Farm is complete, Downer will have facilitated the delivery of more than 2.3 GW of clean, zero emissions electricity to the Australian market.

Posted at 16:11   パーマリンク

2018/03/10/(Sat)

Kuehne + Nagel sets up Innovation Centres in Europe and Asia to accelerate digital transformation [Forwarder]

Europe: Focus on major automation and innovative picking technologies
Asia Pacific: Focus on data analytics and IoT
Cooperation with universities and start-ups to co-develop innovative supply chains solutions
Strategic Partnership with Honeywell

With two newly inaugurated Innovation Centres in Utrecht, Netherlands, and Singapore, Kuehne + Nagel is partnering with customers to accelerate the development and adoption of new technologies and advanced supply chain solutions.

The Innovation Centre in Utrecht will primarily focus on major automation and innovative picking technologies. Kuehne + Nagel is among the first logistics providers to deploy collaborative robots in operations in line with a partnership with Universal Robots. The Asia Pacific Innovation Centre in Singapore will research and deploy new solutions on connected warehouses, with a focus on data analytics and Internet of Things.

Both centres hold partnerships with universities, start-ups and organisations to develop innovative supply chain solutions. The centres are open to customers who will get a vivid impression of how new technologies and solutions will impact their supply chains. The innovation centres will also serve as a sandbox to test and rapidly rollout new technologies.

Martin Kolbe, Chief Information Officer of Kuehne + Nagel: “We are working on seamless data exchange of different systems to drive automation and to minimise manual efforts. In addition we create new services and interfaces allowing customers to easily connect withKuehne + Nagel. Applying Big Data and predictive analytics, supply chains can be managed more efficiently and effectively.”

”The innovation centres in Singapore and Utrecht will boost our digital road map by exploring, applying and deploying leading technologies to manage our customers’ supply chains even more efficiently and effectively. The market for contract logistics services is transforming substantially due to the effects of digitalisation. With the Innovation Centers we invest in research and new technologies to accelerate this transformation”, said Gianfranco Sgro, Member of the Managing Board of Kuehne + Nagel International AG, responsible for Contract Logistics.

The Asia Pacific Innovation Centre, supported by the Singapore Economic Development Board (EDB), widens Kuehne + Nagel’s reach with the start-up and tech communities in Singapore and the Asia Pacific region.

Mr Kelvin Wong, Assistant Managing Director, EDB, commented: “We are glad that Kuehne+Nagel has chosen Singapore as its base, to develop new digital and IoT capabilities for its global operations. The Asia Pacific Innovation Centre will help strengthen collaborations within the logistics ecosystem, and accelerate the creation of innovative logistics solutions and best-in-class supply chain practices.”

During the inauguration ceremony in Singapore, Kuehne + Nagel announced a strategic partnership with global software-industrial provider Honeywell, supporting Kuehne + Nagel’s global innovation initiatives around Connected Warehouse. Kuehne + Nagel will deploy Honeywell’s industry-leading technology solutions globally at its warehouses, including voice directed solutions, cloud-based software, and warehouse automation solutions. The partnership is focused on productivity, accuracy, and efficiency improvements.

Posted at 21:15   パーマリンク

Panalpina reports record year in Air Freight [Forwarder]

International freight forwarding and logistics company Panalpina ended the year 2017 with strong Air Freight volumes and margins, while in the fourth quarter margin pressure continued to impact the financial results in Ocean Freight. For the full year, Panalpina’s reported EBIT increased from CHF 82.0 million (adjusted for restructuring costs 2016: CHF 109.9 million) to CHF 103.3 million and the reported consolidated profit increased from CHF 52.3 million (adjusted 2016: CHF 80.2 million) to CHF 57.5 million. In local currencies, reported EBIT and consolidated profit in 2017 reached CHF 106.0 million and CHF 60.0 million, respectively.

“2017 ended with record high volumes and profitability in Air Freight. We secured extra capacity early on in the year, well ahead of the exceptionally strong peak season when global capacity became scarce. Consequently, we were able to serve our customers in a very challenging market where others failed,” says Panalpina CEO Stefan Karlen. “In Ocean Freight, we kept volumes stable throughout the year, but as margin pressure continued into the fourth quarter, a full-year loss resulted for that part of our business. All in all, 2017 demonstrated Panalpina’s robustness as we continued to go through a period of transformation and disciplined strategy execution.”

Panalpina Group: Results for the Full Year 2017

(CHF million) YTD 2017 YTD 2016
Net forwarding revenue
5,532.8 5,196.0
Gross profit 1,397.8 1,424.6
EBITDA reported 146.2 131.7
EBIT reported 103.3 82.0
Consolidated profit reported 57.5 52.3
Non-recurring items (28.0)
EBITDA adjusted 146.2 159.6
EBIT adjusted 103.3 109.9
Consolidated profit adjusted 57.5 80.2
Earnings per share (in CHF) 2.48 2.29
Dividend per share * (in CHF) 3.75 3.75
* Proposed to the annual general meeting

Higher EBIT and consolidated profit

In 2017, Panalpina’s gross profit decreased 2% to CHF 1,397.8 million (2016: CHF 1,424.6 million), while total operating expenses decreased 1% to CHF 1,251.6 million (2016: CHF 1,265.0 million). Reported EBIT and consolidated profit increased year-on-year, but decreased when compared to respective 2016 figures adjusted for restructuring costs. Reported EBIT reached CHF 103.3 million compared to CHF 82.0 million a year before (adjusted 2016: CHF 109.9 million) and the EBIT-to-gross-profit margin stood at 7.4% up from 5.8% (adjusted 2016: 7.7%). The consolidated profit increased from CHF 52.3 million to CHF 57.5 million. Barring negative currency impacts, reported EBIT and consolidated profit in 2017 reached CHF 106.0 million and CHF 60.0 million, respectively.

Air Freight

Panalpina’s Air Freight volumes increased 8% in 2017. The company transported 995,900 tons of air cargo last year (2016: 921,400), the highest volumes in the company’s history. From January to December, gross profit, unit profitability and EBIT in Air Freight increased with every quarter. Compared to the same period of last year, gross profit per ton decreased 1% to CHF 642 (2016: CHF 646), while overall gross profit increased to CHF 639.4 million (2016: CHF 595.2 million). Reported EBIT in Air Freight increased from CHF 80.8 million (adjusted 2016: CHF 93.5 million) to CHF 110.3 million. The EBIT-to-gross-profit margin came in at 17.3% compared to 13.6% (adjusted 2016: 15.7%) a year before.

Ocean Freight

Panalpina’s Ocean Freight volumes increased 2% year-on-year. Panalpina transported 1,520,500 TEUs (twenty-foot equivalent units) in 2017 (2016: 1,488,500 TEUs). Gross profit per TEU decreased 6% to CHF 281 (2016: CHF 298), bringing gross profit to CHF 427.2 million (2016: CHF 443.8 million). Substantially lower margins, resulting from a challenging carrier environment and moderately increased costs due to the ongoing IT system implementation, meant that Ocean Freight recorded an EBIT loss for the full year of CHF 15.1 million, compared to a loss of CHF 0.6 million in 2016 (adjusted 2016: CHF 10.9 million).

Logistics

In Logistics, gross profit decreased 14% to CHF 331.1 million year-on-year (2016: CHF 385.7 million), but picked up in the fourth quarter while ramp-up costs for various projects and investments in a new facility in Singapore impacted EBIT. For the full year, Logistics posted an EBIT of CHF 8.1 million, compared to CHF 1.8 million (adjusted 2016: CHF 5.6 million) for the same period last year.

Dividend

In light of the solid net cash position, the board of directors will propose an unchanged dividend payment of CHF 3.75 per share to the annual general meeting on May 8, 2018. This is equivalent to a dividend yield of 2.5% (based on the 2017 year-end share price).

Outlook

“The fact that all relevant economic indices are trending upwards makes us reasonably confident for 2018,” says Karlen. “We have made solid progress in Air Freight and reached a good cruising altitude on which we can build and that will allow us to reach the targeted conversion ratio in due course. In Ocean Freight, we know what needs to be done to make it into calmer waters again and in Logistics, the focus remains on top-line growth by further expanding our offering of value-added services.”

About Panalpina

The Panalpina Group is one of the world's leading providers of supply chain solutions. The company combines its core products of Air Freight, Ocean Freight, as well as Logistics and Manufacturing to deliver globally integrated, tailor-made end-to-end solutions for eleven core industries. Drawing on in-depth industry know-how and customized IT systems, Panalpina manages the needs of its customers' supply chains, no matter how demanding they might be. Energy and Project Solutions is a specialized service for the energy and capital projects sector. The Panalpina Group operates a global network with some 500 offices in around 70 countries, and it works with partner companies in another 100 countries. Panalpina employs approximately 14,000 people worldwide who deliver a comprehensive service to the highest quality standards – wherever and whenever.

Posted at 21:03   パーマリンク

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