Newsletter – February 6, 2018
AIR FREIGHT UPDATES
Singapore Air To Introduce Blockchain For Frequent Flyers
Singapore Airlines will use blockchain technology for a new airline loyalty digital wallet expected to be rolled out in the third quarter of the year.
The airline will use the technology for its KrisFlyer programme, providing users with a digital wallet app to spend frequent flyer miles on a range of products. Read more here.
OCEAN FREIGHT UPDATES
Cosco Pakistan head gunned down in Karachi
A senior official from Cosco Shipping Line Pakistan was shot dead in his car in Karachi yesterday. According to local authorities, the incident happened when Chen Zhu, managing director Cosco Shipping Line Pakistan and Ye Fan, a trainee at the company, were sitting in their car while going to shop for groceries at a local mall. Read more here.
CANADIAN BUSINESS – GOVERNMENT UPDATES
NAFTA deal possible by end of March, says Canadian envoy MacNaughton
Ottawa, ON —Canada’s ambassador to the United States said Monday he believes NAFTA negotiators can reach an agreement in principle by the end of March.
The upbeat assessment from envoy David MacNaughton comes in the face of the continuing threat from U.S. President Donald Trump to blow up the deal, which hangs over the final eight weeks in the current negotiating schedule. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Study: Speed to Market is Killing Quality Garment Fit
Fit has been an ongoing issue in the apparel sector for decades, but with the rise of online shopping, consumers are getting further from the ability to find clothing that fits the first time around. And add to that fast fashion—which has contributed to fewer fit cycles and even eliminated the human element in favor of virtual fit—and it’s little surprise that issues with fit have exacerbated. Read more here (login required).
Hong Kong votes to impose domestic ivory ban by 2021
The Hong Kong Legislative Council has voted to pass a bill that will end local ivory trade in Hong Kong, with no compensation for ivory dealers, and an increase of maximum penalties for wildlife crimes of up to 10 years imprisonment. Read more here. http://www.aircargonews.net/news/region/asia/single-view/news/