May 17, 2020

FedEx to purchase 24 freighters from Boeing for $6.6bn

Boeing
FedEx
Logistics
freight
Jonathan Dyble
1 min
Fedex has announced a new structure for its logistics and ecommerce units
Leading aerospace manufacturer Boeing has revealed that it has agreed to sell 24 medium and large freight planes to FedEx Express, a unit of FedEx Corp...

Leading aerospace manufacturer Boeing has revealed that it has agreed to sell 24 medium and large freight planes to FedEx Express, a unit of FedEx Corp, in a deal worth $6.6bn.

The transaction will include 12 Boeing 767 Freighters and 12 Boeing 777 Freighters, more greatly establishing FedEx as the largest operator of both of these Boeing models.

See also:

“We are taking another positive step in our fleet modernization program as we add more efficient, lower emission aircraft to our global fleet,” said David Cunningham, President and CEO of FedEx Express. “The Boeing 767 and 777 Freighters have brought greater efficiency and reliability to our air operations.

The acquisition highlights the growing freight transportation demands within the ecommerce industry, with total global air freight having risen 10% throughout 2017. Further, this expected to increase up to 5% this year.

The 777 is the world’s longest range twin-engine freight plane, able to fly over 9,000km whilst carrying 112 tonnes.

Share article

Jun 16, 2021

Gartner: Women in supply chain at five-year high

supplychain
Diversity
women
Gartner
3 min
Overall percentage of women working in supply chain has risen, but concerns persist around declining representation in executive leadership

Women now represent a greater percentage of the supply chain workforce than at any other point in at least the past five years, according to a recent Gartner survey. 

The Women in Supply Chain Survey 2021, conducted by Gartner and Awesome, surveyed 223 supply chain organisations with more than $100m in annual revenue from February through to the end of March 2021.

Key takeaways 
 

  • Women represent 2% more of supply chain workforce than in 2020
  • Women now account for 42% of the workforce
  • Number of women in exec-level positions declined by 2%
  • Just 15% of top leadership are women (17% in 2020)
  • 84% of organisations say COVID-19 did not impact efforts to advance women


It found that women now represent two per cent more of the supply chain workforce than in 2020, accounting for 42%, compared with 39% last year. Dana Stiffler, Vice President Analyst with the Gartner Supply Chain practice, says the impact of COVID-19 on supply chain was significant, though different to other sectors. 

"Contrary to other industries, supply chain’s mission-criticality during the COVID-19 pandemic has meant that many sectors did not reduce their workforce, but rather continued to hire and even faced talent shortages, especially in the product supply chains," she said. "This resulted in many women not only standing their ground in supply chain organisations but increasing their representation in organisations. We also recorded a record number of specific commitments and supply chain-led actions and saw existing programs starting to pay off."

Gartner Women in Supply Chain Survey 2021
Women in Supply Chain Survey 2021

 



Supply chain still lacks women in executive leadership 


But the elephant in the boardroom remains. Though the figures present a positive step towards greater diversity and gender equality at all levels, the number of women in executive level positions declined by two per cent in the past year. Women represent just 15% of the upper echelons of supply chain leadership. Gartner did however record a rise in women at all other levels of leadership. 

The vast majority (84%) of organisations surveyed said the outbreak had no discernible impact on their ability to retain and advance women. But more than half (54%) admitted that retaining mid-career women was becoming increasingly difficult. A lack of career opportunities was cited as the biggest challenge to this, while other blamed a lack of development opportunities. 

Despite these challenges, companies of all sizes are becoming broadly better at gender diversity. Around a third more said they had a targeted initiative focused on attracting women and advancing their careers. 

Stiffler said a push towards measurable and formal initiatives is at least pointing in the right direction: “It's encouraging to see that the larger share of this jump was for more formal targets and specific goals on management scorecards. For these respondents, there is greater accountability for results — and we see the correlation with stronger representation and inclusion showing up in pipelines.” 

Share article