Digital Transformation: Kuehne + Nagel further simplifies digital accessibility and collaboration [Forwarder]
New Kuehne + Nagel App for mobile accessibility
New web-based Control Center to integrate all online services
KN FreightNet extension for WeChat in China, making another leap towards product innovation and digitalisation
The Kuehne + Nagel Group is dedicated to expanding the e-touch capabilities of the forwarding industry. With the launch of three new digital solutions, Kuehne + Nagel is effectively contributing to one of its main goals of digitalisation: to facilitate and further enhance the interaction between its customers and the company.
With the new Kuehne + Nagel App (available for iOS and Android), customers are now able to conveniently track shipments handled by Kuehne + Nagel on mobile devices. Shipment statuses are directly displayed, with details available at customers’ fingertips. Updates can be received via push notifications, and all information can be shared easily with partners and colleagues through instant messaging channels, email and SMS. The Kuehne + Nagel App will be continuously updated to support additional information, collaboration and also operational services.
The new web-based Control Center is the starting point for the roll-out of myKN, a unique suit of online information and booking services all accessible and integrated in one platform. In a first step, the platform offers quoting, booking and tracking functionalities for shipments, which will be enhanced with further dashboard, reporting and collaboration features. Using a modern, user-centric and highly configurable interface, customers can personalise the Control Center to serve their specific needs.
Combining information management and collaborative tools, the new Control Center will increase transparency, streamline processes and simplify supply chain management for all parties involved. The Control Center is optimised for desktop as well as mobile devices and can easily be accessed via www.kuehne-nagel.com.
Designed for its growing customer base in Asia, Kuehne + Nagel will unveil a mobile-based seafreight booking and service application on WeChat, the most popular multi-purpose social network across the globe with nearly one billion daily active users, as an extension of KN FreightNet, Kuehne + Nagel’s fully digitalised platform for quoting, booking and tracking of shipments. This extension will be launched in June.
Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG: “Our aim is to be a data-driven value chain provider. By creating new digital services and interfaces we enable customers to easily connect and do business with Kuehne + Nagel. Moreover, we are working on seamless data exchange between different systems to drive automation and to minimise manual efforts, for our customers, partners and our own organisation.”
Posted at 22:41 パーマリンク
New DHL and Magento Partnership to Help Online Merchants Go Global [Integrator]
Deutsche Post DHL Group announced that it has accepted an exclusive invitation to partner with Magento, the worldwide leader in cloud digital commerce innovation, as Premier Partner for Shipping. Magento's Premier designation recognizes global leaders and brings close collaboration in key categories of interest to e-commerce merchants.
"Magento connects merchants and shoppers. DHL connects shoppers with their goods," said John Pearson, CEO Europe and Global Head of Commercial, DHL Express. "Our collaboration will provide Magento merchants with industry-leading international shipping and value-added shipping features from DHL that easily and flexibly connect shoppers with their goods."
Accepting the Magento partnership emphasizes again Deutsche Post DHL Group's intention to be the leading global provider in e-commerce logistics. The Group's divisions together comprise the most international company in the world, present in 220 countries and territories, allowing online merchants to leverage the Group's unsurpassed global reach to execute their e-commerce strategy.
Online retailers connected with the Magento platform will be able to select from a range of DHL shipping services, with the partnership expected to expand over time to include an increasing portfolio of parcel, express, freight and other logistics services provided by the different DHL divisions.
"Commerce is no longer just about the "buy button" and our merchants are looking to meet their customers when and wherever they want to engage, buy, and receive their purchases," said Mark Lenhard, Senior Vice President of Strategy and Growth at Magento Commerce. "By partnering with DHL, our joint merchants will be able to offer improved customer experiences and grow their business by providing their customers with the fast, convenient shipping options they expect."
As a Premier Partner, DHL will connect with merchants through strategic placement on Magento properties and the core product merchant administration panel. In addition, DHL will have the opportunity to educate merchants on shipping integration best practices and how to increase cross-border shipping via the Magento Community online, webinars, thought leadership pieces, events including Imagine and MagentoLive, and in one-to-one meetings. DHL will also have early access to Magento product roadmaps so as to improve integrations and the merchant experience.
"We're particularly excited about the potential of Magento Shipping, and will integrate our most advanced shipping solutions there," said John Pearson. "Deutsche Post DHL Group has a history of working with leading technology partners like Magento. We will maintain our global leadership position only by innovating and adopting new technologies. Magento is at the leading edge of e-commerce technology, and DHL is the global logistics leader. Our association is sure to benefit both organizations - most importantly our e-commerce customers."
Posted at 21:47 パーマリンク
CEO Frank Appel at the Annual General Meeting: "We are strongly positioned for a successful future" [Integrator]
After a record year in 2017: financial goals of Strategy 2020 confirmed
Dividend increase to EUR 1.15 per share proposed
E-commerce continuing to generate sustained growth
Change in the Supervisory Board: Chairman Wulf von Schimmelmann steps down
After a very successful year in 2017, Deutsche Post DHL Group, the world's leading mail and logistics company, considers itself to be well on track to achieve its strategic and financial goals for 2020. "We are strongly positioned for a successful future," said CEO Frank Appel at the Group's Annual General Meeting in Bonn. "In 2017, with the current structure in place, we achieved the best result in the history of our company." Appel confirmed the goal of increasing operating profit (EBIT) in the current financial year to EUR 4.15 billion, including the effect of EUR 150 million resulting from the transition to IFRS 16. EBIT would top EUR 5 billion by 2020, he said, adding that this was challenging, but realistic.
All the signs pointed toward solid growth, Appel said. E-commerce was growing further and would remain a key engine for the business of Deutsche Post DHL Group. In 2020, an estimated 2.1 billion people around the world would shop online. Global online revenue would increase to USD 4.1 trillion - assuming e-commerce is simple for customers. "Logistics is the backbone of e-commerce. And we make it really simple. From placing a pick-up order to tracking the current status of an item through to payment." DHL Parcel Europe's network already covered 26 countries, said Appel. Bulgaria, Ireland, Croatia and Romania were added in 2017. More than 60,000 parcel drop-off or pick-up points were available, he said.
Optimism about free trade and globalization
Appel also voiced his optimism with regard to the economic environment, saying that global trade would continue to grow despite many uncertainties. The new DHL Global Trade Barometer also underpinned this trend. "The future is global. Anything else is a misconception," said Appel. "If you build new barriers, you will not be successful in the long term. Walls are not the solution. We want to make tomorrow better than today. To achieve this, we need to grow together even more."
Speaking to shareholders, the CEO made reference to the positive effects of global trade for improving living conditions in many regions of the world. As the world's leading logistics company, Deutsche Post DHL Group was investing globally, he said. "And wherever we invest, we help to ensure that society develops and prosperity grows. Protectionism is the wrong path. No matter where it is or what form it takes."
Review of financial year 2017
Appel expressed his satisfaction with the record results of the past financial year. Thanks to strong performance in all four divisions, Deutsche Post DHL Group had lifted consolidated EBIT by 7.2 percent to EUR 3.74 billion. The Group's revenue was up 5.4 percent to EUR 60.4 billion. Appel thanked the Group's workforce, which numbers approximately 520,000 employees worldwide, for their commitment: "The key to our success is a strong team and the best workforce in the industry."
Dividend increase proposed
In light of the Group's strong business performance, the Board of Management and the Supervisory Board proposed a dividend increase of 10 cents (+9.5 percent) to EUR 1.15 per share to the Annual General Meeting. This would be the highest dividend since the company's IPO in 2000.
If approved by the shareholders, the Group would be paying out a total of EUR 1.4 billion. The distribution ratio would be 52 percent. With this the company remains within the target range of 40 percent to 60 percent defined by the Board of Management in 2010. The dividend will be paid on April 27, 2018.
Contributing to people and society
It was important for the Group to have good financial figures, but they were not the be-all and end-all, Appel told shareholders in Bonn. "We manage our business in a way that ensures we make a positive contribution to society," he said, adding that Deutsche Post DHL Group had achieved this again in the past year, as regular customer and employee surveys had shown. The Group had also made excellent progress in the area of climate protection, he said, pointing out that compared with 2007, the company had improved carbon efficiency in logistics by 32 percent. By 2050, our greenhouse gas emissions are expected to be reduced net to zero. To this end, Deutsche Post DHL Group had already got a variety of measures off the ground last year, Appel said. For example, the Group in collaboration with staff and cooperation partners had planted over a million trees. In addition, steps were taken to double production capacity for the StreetScooter, the electric delivery vehicle developed by the Group. The Group already had over 5,500 StreetScooters on the road in Germany, he commented. In the medium term, the company was planning to manufacture around 20,000 cars per year. "E-mobility has finally found its way into people's heads," Appel said. "The StreetScooter's current success is encouraging. It is now time to go up a gear."
Shaping the future of logistics
To accelerate the StreetScooter success story, the Group recently set up the new Board department Corporate Incubations headed by Jürgen Gerdes. This department would also be an incubator for other new innovative and forward-looking ideas, Appel said. New technologies made a lot of things possible. This included hitherto unknown forms of mobility, digital platforms and new processes. "We will invent the future of logistics today," said Appel. Until a successor for Gerdes as member of the Board of Management Post - eCommerce - Parcel had been found, he himself would be taking responsibility for this Board department, the CEO announced.
Changes in the composition of the Supervisory Board
The election of two new representatives to the company's Supervisory Board was also on the agenda of the shareholders' meeting. Dr Ulrich Schröder had stepped down from the Supervisory Board for health reasons. In addition, the term of office of the Supervisory Board chairman Prof. Dr Wulf von Schimmelmann will end as scheduled after today's Annual General Meeting. Speaking to shareholders, CEO Frank Appel praised the achievements of Prof. von Schimmelmann, who had been a member of the Supervisory Board since 2007 and its chairman since 2009: "Wulf von Schimmelmann always gave us major momentum with his steady hand, his vast experience and his pioneering spirit." Appel said that Deutsche Post DHL Group was now excellently positioned and delivered outstanding results. This was also thanks to Schimmelmann, he added.
Dr Günther Bräunig, CEO of KfW Bankengruppe, and Dr Mario Daberkow, a member of the Management Board of Volkswagen Financial Services AG, will be elected as new members of the Supervisory Board. At the first meeting in its new composition to take place after the Annual General Meeting, the Supervisory Board is expected to appoint Dr Nikolaus von Bomhard, the former chairman of the Board of Management of Münchener Rück AG, as the new Supervisory Board chairman from among its members.
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Posted at 22:30 パーマリンク
Kuehne + Nagel Group | First quarter 2018 [Forwarder]
A good start into 2018
Significant increase in EBIT and net profits
Seafreight increases EBIT with stable margins
Airfreight continues strong growth
Substantial increase in Overland results
Business expansion in Contract Logistics
Schindellegi / CH, April 24, 2018 – The Kuehne + Nagel Group recorded a successful start into 2018 with considerable increases in EBIT and earnings for the period. The company thus confirmed the growth momentum of the last two quarters 2017 in the first three months of the current business year.
Kuehne + Nagel Group
1st quarter 2018
1st quarter 2017
Net turnover 4,862 4,299 +13.1%
Gross profit 1,843 1,648 +11.8%
Operational result (EBITDA) 289 257 +12.5%
EBIT 236 209 +12.9%
Earnings for the period 184 165 +11.5%
In a challenging market environment, Kuehne + Nagel increased volumes by 5.0 per cent, recording market share gains in specific customer groups. In the first quarter, the company handled 1.079 million (TEU), some 50,000 more than in the previous year’s period. Volume growth was only held back by the decline in exports of recycling material to China following changes to import terms. With rapid growth in intra-Asian transport operations and exports from Asia, margins overall increased slightly. EBIT grew by 4.3 per cent to CHF 97 million, with EBIT- to-gross-profit ratio (conversion rate) at an industry-leading level of 27.2 per cent.
Airfreight continued to build on its previous year’s outstanding performance, with solution-oriented, industry-specific offerings. Tonnage increased once again by more than 20 per cent to 422,000 tonnes, including the successful integration of two acquisitions. Particularly strong growth was recorded for exports from North America. EBIT rose by 12.5 per cent from the already very high level of the previous year, reaching CHF 81 million. The conversion rate remained high at 28.6 per cent due to effective cost controls and the further digitalisation of internal processes.
Kuehne + Nagel's overland business continues to deliver results on growth track. Net turnover increased by 16.4 per cent in the first quarter, while gross profit rose by 16.8 per cent. Key factors for this were the intermodal transport in North America which increased compared to the second half of 2017 and the continuing strong business performance in Europe. Once again, the drivers behind this growth were industry-specific solutions, particularly for the pharma industry. EBIT improved by CHF 17 million compared to the previous year’s period.
Due to a dynamic business performance, contract logistics grew twice as fast as the market. Double-digit increases in China and South-East Asia were crucial as well as significant business wins, in particular in the area of e-commerce fulfilment. Gross profit increased by 11.3 per cent compared to previous year’s period. The realignment of the production model at a business in the UK coupled with the costs of introducing innovative technologies and new systems led to an EBIT of CHF 34 million slightly down from the previous year.
Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG: “We have made a successful start into the business year and achieved clear increases in volume across all business units. Building on this growth combined with further productivity improvements we were able to considerably increase our results in the first quarter. At the start of the new year we implemented two new digital platforms globally, SeaExplorer and KN ESP, addressing specific customer requirements and creating significant efficiency gains. Another important milestone is the opening of two innovation centres where we we develop innovative solutions in contract logistics together with customers. We are determined to continue on this path.”
Posted at 22:24 パーマリンク
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