TNT chooses Verizon for global telecommunications network transformation
TNT, one of the world’s largest express delivery companies, has chosen Verizon Enterprise Solutions to implement its global communications infrastructure.
Verizon will provide global network, telephony and conferencing services, as well as comprehensive security solutions, to help TNT’s 58,000 employees collaborate and deliver seamless, efficient and effective service to TNT’s customer base of companies around the world.
In 2014 TNT launched a strategy called Outlook, to drive profitable growth, achieve operational excellence and ‘organise to win’. Simplifying and transforming IT is particularly important in helping TNT to deliver a perfect transaction to customers, from order, through tracking, to delivery of their consignments.
Rich Montgomery, Verizon’s EMEA General Manager, commented: “Major transformation projects such as the one TNT is undertaking are always fascinating, but there are challenges.
“We are always mindful of the trust that our customers place in our ability to help them realise their business goals, and we work hard to ensure that trust is not misplaced. It’s truly a question of effective teamwork, and with TNT we have a great partnership that we know will reap rewards.”
A cornerstone of global business operations is a strong network foundation. Verizon has been chosen to deliver a new, high capacity, secure and reliable network infrastructure to link TNT’s 3,000-plus hubs and depots worldwide.
Unified communications and collaboration solutions, including video, audio and net conferencing, will enable TNT to facilitate communications while also improving productivity. Most importantly, with the Verizon team taking responsibility for all network management and operational needs, TNT’s internal team is able to focus all its efforts on supporting the company’s strategic goals.
TNT delivers close to one million consignments ranging from documents and parcels to palletised freight. The company operates road and air transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. TNT made €6.68 billion revenue in 2014.
For more information, please visit: http://www.tnt.com/
EU and US agree end to Airbus-Boeing supply chain tariffs
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.”