May 17, 2020

Logistics recruitment specialists and consulting group join force

Logistics
recruitment
business consultancy
Peopleship
Freddie Pierce
2 min
The two companies were officially merged in December 2012
Follow @Ella_Copeland TheEuropeowned PEOPLESHIP and theHong Kongowned GlobalExec Logistics Consulting Group ("GlobalExec Group") merge to str...

The Europe owned PEOPLESHIP and the Hong Kong owned GlobalExec Logistics Consulting Group ("GlobalExec Group") merge to strengthen its international presence within Executive Search and Recruitment.

The new venture, marketed under the name GlobalExec Group, will further boost geographical coverage and service offering.

"Today's Talent Market is becoming truly global, and it is increasingly important that you are able to access the right talent both locally and globally. To assist our customers doing this, we need to be represented where the talent is", says Managing Director Nicolas Reitzel, who is heading up the region covering Europe, the Middle East and Africa (EMEA).

Nicolas Reitzel, the founder and owner of PEOPLESHIP, has over the last 11 years provided services within executive search, recruitment and management consulting to customers in the international logistics and transportation industry.

With the merger GlobalExec Group now has over 10 offices in key locations such as, China, Hong Kong, Singapore, Denmark and the USA with more offices on the way.

The Group CEO and Chairman, Richard Loh, shares the expectations to the synergy between the two companies. Situated in Hong Kong, he confirms the importance of proximity to the market.

"Asian markets have over the past years seen strong growth and in order to deliver the right talent you need a global outlook. Today, talent increasingly moves across regions in both directions, a development that will continue. The merger is an important step to further strengthen our services and meet the needs of our customers, locally as well as globally. We therefore plan to continue expanding our organization of own offices and associates across all major markets and regions," he said.

The two companies were officially merged in December 2012.

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More information:

GlobalExec provides talent acquisition and business consulting services to leading supply chain and logistics organizations. With decades of combined experience within the supply chain and logistics space, an in-depth knowledge of the marketplace, extensive network and time-proven methodology, GlobalExec delivers the confidence and results that clients seek.

Taken from PR Newswire

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Jun 16, 2021

EU and US agree end to Airbus-Boeing supply chain tariffs

supplychain
Boeing
Airbus
tariffs
3 min
Supply chains embroiled in Airbus-Boeing dispute will no longer be impacted by $11.5bn tariffs imposed on food and beverage, aircraft and tobacco

The EU and US have agreed to resolve a 17-year dispute over aircraft subsidies, suspending tariffs on billions of dollars' worth of goods that have plagued procurement leaders on both sides of the Atlantic. 

Under an agreement reached by European Commission Executive Vice-President Valdis Dombrovskis and US Trade Representative Katherine Tai on Tuesday, the tariffs will be halted for a period of at least five years. 

It will bring an end to punitive and disruptive levies on supply chains that have little to do with the argument, which became embroiled in the trade battle. Businesses on both sides of the dispute have been hit with more than $3.3bn in duties since they were first imposed by the US in October 2019, according the EC. 

The US imposed charges on goods upto $7.5bn in response to a World Trade Organisation ruling that judged the EU’s support of Airbus, its biggest aircraft manufacturer, unlawful. A year later in November 2020, the EU hit back. The WTO found the US had violated trade rules in its favourable treatment of Boeing, and was hit with EU duties worth $4bn. 

In all the tariffs affected $11.5bn worth of goods, including French cheese, Scotch whisky, aircraft and machinery in Europe, and sugarcane products, handbags and tobacco in America. Procurement leaders on both sides of the fence were forced to wrestle with tariffs of 15% on aircraft and components, and 25% on non-aircraft related products. 

Boeing-Airbus dispute by the numbers  

  • The dispute began in 2004
  • Tariffs suspended for 5 years 
  • $11.5bn worth of goods affected by tariffs
  • $3.3bn in duties paid by businesses to date 
  • 15% levy on aircraft and 25% on non-aircraft goods suspended

Both sides welcome end to tariffs 

European Commission President Ursula von der Leyen branded the truce a “major step” in ending what is the longest running dispute in WTO history. It began in 2004.

“I am happy to see that after intensive work between the European Commission and the US administration, our transatlantic partnership is on its way to reaching cruising speed. This shows the new spirit of cooperation between the EU and the US and that we can solve the other issues to our mutual benefit,” she added.

Both aircraft manufacturers have welcomed the news. Airbus said in a statement that it will hopefully bring to an end the “lose-lose tariffs” that are affecting industries already facing “many challenges”. Boeing added that it will “fully support the U.S. Government’s efforts to ensure that the principles in this understanding are respected”. 

The US aerospace firm added: "The understanding reached today commits the EU to addressing launch aid, and leaves in place the necessary rules to ensure that the EU and United States live up to that commitment, without requiring further WTO action."

This week’s decision expands upon a short-term tariff truce announced in March this year. The EC says it will work closely with the US to try and further resolve the dispute, establishing a Working Group on Large Civil Aircraft led by each side’s trade minister.

Airbus last month signalled to suppliers that post-pandemic recovery was on the horizon, telling them to scale up to meet a return to pre-COVID manufacturing levels. “The aviation sector is beginning to recover from the COVID-19 crisis,” said Airbus chief executive Guillaume Faury, adding that suppliers should prepare for a period of intensive production “when market conditions call for it.”

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