Seymour: Uncertainty has made international investing more interesting
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Biyoute and Relex to enhance supply chain operations
Biyoute Trading, a major retailer in northeast China, has engaged Relex Solutions to overhaul its supply chain and retail planning operations. Relex will deploy a platform to enhance demand forecasting, replenishment planning and optimisation of perishables for Biyoute's more than 100 stores, seven distribution centres, and more than 25,000 stock keeping units. The move is part of an effort to create advanced supply chain frameworks within the Chinese grocery industry. The partnership with Relex aligns with Biyoute's objective of expanding its retail footprint and achieving significant revenue milestones. It also contributes to the digital evolution of China's wider retail landscape. The technology implementation spans all merchandise categories, including perishables, providing Biyoute with a comprehensive solution for end-to-end supply chain management. The system will enable precise predictions of store-level demand and develop replenishment strategies to individual store inventories, ensuring efficient logistics and timely stock refreshment. Biyoute chairman Meng Fanzhong stated: 'Throughout our history, Biyoute has consistently adhered to three strategic values: first, providing one-stop shopping for household fast-moving consumer goods; second, pursuing extreme cost-performance ratio; and third, earning customer trust. 'All three depend critically on the efficiency, resilience and flexibility of our supply chain. Biyoute's future development requires professional partners like Relex, and I have great expectations for this cooperation.' The initiative will centralise decision-making processes that were previously decentralised, transitioning from reactive responses to supply chain issues towards a forward-looking planning model with predictive analytics. This strategy aims to pre-emptively address challenges, enhance inventory turnover rates, minimise stockouts and perishable waste, and optimise operational costs. Supporting this venture is Beijing Times Consulting, a local consultancy with prior experience assisting Biyoute in refining its distribution practices. Together with Relex, Beijing TCBC will pool resources and expertise to further improve Biyoute's supply chain performance. Relex Solutions co-founder Michael Falck stated: 'The partnership with Biyoute is a key milestone in Relex's commitment to the Chinese market. Through this collaboration, we have gained deeper understanding of local grocers' supply chain operations. 'Biyoute's dedication to data-driven and lean operations highly aligns with Relex's philosophy. We will fully leverage our global supply chain optimisation experience, combined with Biyoute's local operational expertise, to support their development strategy.' "Biyoute and Relex to enhance supply chain operations" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
an hour ago
- Yahoo
Carrefour sells Italian supermarkets to NewPrinces for €1 billion
Carrefour supermarkets in Italy will soon be in the hands of Italian food multinational NewPrinces Spa, who announced the roughly one billion euro purchase on Thursday. The NewPrinces group owns the Plasmon, Centrale del Latte, Giglio, Polenghi Lombardo and Delverde food manufacturing brands, among others. The acquisition of approximately one thousand shops now requires authorisation from the relevant authorities, with a view to closing by the end of the year with Carrefour Nederland Bv and Carrefour Sa. With this transaction, the Reggio Emilia-based company reaches a potential turnover of 11 billion euros, becoming the second-largest Italian group in the food sector by turnover and the largest operator in terms of employment, with 13,000 employees in Italy and more than 18,000 worldwide, as well as 11,000 in related industries. "The acquisition of Carrefour Italia represents a fundamental step in the growth trajectory of our Group," said NewPrinces Group Chairman Angelo Mastrolia, "with this operation, we take a decisive step towards vertical integration between production and distribution, strengthening our ability to generate value along the entire supply chain." NewPrinces may decide to relaunch the Gs supermarket brand and rename the stores after three years. The food retailer was founded in Italy in the 1960s and was replaced by Carrefour stores in 2010. Related Approved: Paramount's $8 billion deal with Skydance can go ahead Exclusive: Chinese electric carmaker Zeekr eyes pan-European growth despite tariffs, acting CEO says Unrest proclaimed among Carrefour workers After the news of the takeover, the trade unions Filcams CGIL, Fisascat Cisl and Uiltucs declared a state of strike due to Carrefour Italy's failure to respond regarding the workers' prospects. The unions have asked for a meeting at the Ministry of Enterprise and Made in Italy to 'review the recovery plan', which is expected to include brand and development investments totalling more than €400 million between the seller and buyer. Minister Adolfo Urso expressed his "appreciation for an operation that strengthens Made in Italy," confirming that he will soon meet both Mastrolia and the unions. The French newspaper Les Echos commented on the news, writing that Carrefour 'removes a thorn from its foot', as its Italian operations were recording annual losses of €180 million. Carrefour president, Alexandre Bompard, assured the newspaper that he was leaving "Carrefour Italy in good financial condition."
Yahoo
an hour ago
- Yahoo
Exclusive: Chinese electric carmaker Zeekr eyes pan-European growth despite tariffs, acting CEO says
China's electric vehicle (EV) company Zeekr is committed to a broad expansion throughout the EU despite tariffs slowing its pace, the company's top European executive has told Euronews. Lothar Schupert, the acting CEO of Zeekr Europe — which is the EV arm of Geely Holdings, one of the Chinese companies targeted by EU tariffs last year — told Euronews' Europe Today the brand was "committed" to Europe. Last October the EU slapped steep duties on China-made electric vehicles (EVs) to offset the effects of Chinese state subsidies, including tax reductions and preferential lending, which Brussels says unfairly undercut European competitors. Decrying the measure as a "naked act of protectionism", Beijing responded with probes into EU-made brandy, pork and dairy, which Brussels then denounced as unfair and unjustified. As expected, Thursday's one-day EU-China summit in Beijing failed to deliver progress on these open fronts. Talks on a potential minimum pricing arrangement in order to remove the tariffs have been underway since April. Asked whether such an arrangement would be acceptable to a company like Zeekr, Schupert simply said they were an advocate of "free trade." He explained that Zeekr had launched its car brand in Europe two years ago, beginning in the Nordic markets, before continuing in Belgium, Switzerland and several others. 'And we're in the middle of the expansion plans at the moment,' he said flagging the company's plans to grow further starting with Germany, the UK, 'and also going forward with France, Italy and Spain." 'At the moment we are preparing. So in the next twelve to twenty-four months, our plans are to be live,' he said. Schubert said 'of course we are opposing against the tariffs', adding they negatively impact consumers. 'The tariffs are hindering us moving in that speed forward since last year,' he explained. But he added that that company has 'done its homework', and is "very much convinced that our sustainable go-to-market approach is now prepared'. "So our commitment is to expand further. Our commitment is to deliver high-level premium products to our consumers in Europe. And independently from the tariffs, our expansion plans goes further." Pressed about EU concerns over the subsidies Beijing pumps into its domestic companies, he said the company had to "gain the trust of the consumers." 'And that is where our main work is on now, launching the markets, creating a brand experience and having a clear relationship to the consumers in Europe, convincing with the products and also attractive pricing and price value proposition where we can be successful.' Sign in to access your portfolio
