April 10, 2020 Statistics 1,791

COVID-19 STATS. Cases Vs Deaths Vs Deaths %

Among the most affected countries, Germany has done quite well. Total Cases: 113,296 with only 2% Death Ratio. Russia has the lowest Death %., and France the highest. (As of 10th April 2020.)

HIGHEST NUMBER OF DEATHS
COUNTRY CASES DEATHS DEATHS %
Italy 139,422 17,669 12.7%
Spain 152,446 15,238 10.0%
United States 434,861 14,814 3.4%
France 82,048 10,869 13.2%
United Kingdom 60,733 7,097 11.7%
Iran 67,286 4,110 6.1%
China 81,865 3,335 4.1%
Belgium 24,983 2,523 10.1%
Netherlands 21,762 2,396 11.0%
Germany 113,296 2,280 2.0%
Switzerland 23,529 913 3.9%
Brazil 16,238 824 5.1%
Turkey 38,226 812 2.1%
Sweden 9,233 807 8.7%
Canada 19,277 435 2.3%
Portugal 13,956 409 2.9%
Austria 13,105 295 2.3%
Ireland 6,074 235 3.9%
South Korea 10,423 204 2.0%
India 5,865 169 2.9%
Norway 6,085 105 1.7%
Israel 9,755 79 0.8%
Russia 10,131 76 0.8%
Pakistan 4,414 63 1.4%
Australia 6,109 51 0.8%
HIGHEST NUMBER OF DEATHS %
COUNTRY CASES DEATHS DEATHS %
France 82,048 10,869 13.2%
Italy 139,422 17,669 12.7%
United Kingdom 60,733 7,097 11.7%
Netherlands 21,762 2,396 11.0%
Belgium 24,983 2,523 10.1%
Spain 152,446 15,238 10.0%
Sweden 9,233 807 8.7%
Iran 67,286 4,110 6.1%
Brazil 16,238 824 5.1%
China 81,865 3,335 4.1%
Switzerland 23,529 913 3.9%
Ireland 6,074 235 3.9%
United States 434,861 14,814 3.4%
Portugal 13,956 409 2.9%
India 5,865 169 2.9%
Canada 19,277 435 2.3%
Austria 13,105 295 2.3%
Turkey 38,226 812 2.1%
Germany 113,296 2,280 2.0%
South Korea 10,423 204 2.0%
Norway 6,085 105 1.7%
Pakistan 4,414 63 1.4%
Australia 6,109 51 0.8%
Israel 9,755 79 0.8%
Russia 10,131 76 0.8%
HIGHEST NUMBER OF CASES
COUNTRY CASES DEATHS DEATHS %
United States 434,861 14,814 3.4%
Spain 152,446 15,238 10.0%
Italy 139,422 17,669 12.7%
Germany 113,296 2,280 2.0%
France 82,048 10,869 13.2%
China 81,865 3,335 4.1%
Iran 67,286 4,110 6.1%
United Kingdom 60,733 7,097 11.7%
Turkey 38,226 812 2.1%
Belgium 24,983 2,523 10.1%
Switzerland 23,529 913 3.9%
Netherlands 21,762 2,396 11.0%
Canada 19,277 435 2.3%
Brazil 16,238 824 5.1%
Portugal 13,956 409 2.9%
Austria 13,105 295 2.3%
South Korea 10,423 204 2.0%
Russia 10,131 76 0.8%
Israel 9,755 79 0.8%
Sweden 9,233 807 8.7%
Australia 6,109 51 0.8%
Norway 6,085 105 1.7%
Ireland 6,074 235 3.9%
India 5,865 169 2.9%
Pakistan 4,414 63 1.4%

April 6, 2020 General 345

Qatar Airways beefs up freighter frequencies to multiple marketspermalink

www.freightwaves.com

Qatar Airways is pouring on the freighter capacity, using all-cargo aircraft and passenger planes in cargo-only mode to meet high demand for moving fresh produce and meat, pharmaceuticals and general cargo in Australia, India, Kuwait, Oman and the Netherlands.

Literally QR (Qatar Airways) is keeping the lights on here in Pakistan too, under current circumstances. EK (Emirates Airline) is either profiteering or may be it’s their inadequate strategy to cope with the COVID-19 crisis in our market., because normally they are very nice.


March 15, 2020 Informative 742

How deadly is the coronavirus?

Comparing the 🦠coronavirus to Ebola and MERS is reassuring. But that doesn’t mean we can discount Covid-19 as being just like the flu. The current 3.4% mortality rate is 34x deadlier than the seasonal flu. Even the estimate of 1%, which takes into consideration unreported mild cases, means the virus is 10x more deadly. Could the coronavirus spread as widely as the flu? Yes, if it’s allowed to.

Mortality might be lower than the others, however the rate of transmission is so high which makes it more alarming, it will over exhaust supplies and doctors. And if that happened, more people might die due to the lack of health support and the mortality rate may exceed many other viruses 🦠

Credits: BloombergOpinion IG


March 7, 2020 General 686

These startups raised billions and then laid off thousands. Workers are shocked and frustratedpermalink

edition.cnn.com

Just a few months ago, discount hotel chain OYO seemed unstoppable. The India-based startup touted plans for global expansion and saw its valuation double to $10 billion in October. But in mid-January, the company began sweeping layoffs that have seen thousands lose their jobs. Last September, Fair.com, a car-leasing startup that raised nearly $400 million in a funding roughly a year earlier, acquired one of its rivals, Canvas, only to slash 40% of its workforce weeks later. The goal, according to a memo at the time that Fair.com directed CNN Business to from its then-CEO, was to “be a smaller team, focused on doing fewer things well.” One laid off Canvas-turned Fair employee said it was “a rollercoaster.” (Fair declined to comment beyond the memo.)

Actually the ‘startup’ model always been around the ‘hyper-growth’ at any cost1. So they could outcompete the established players or get too much head start over the new comers., or otherwise just grab as much market share, in a shorter period of time, as they can. 

However it comes at a price and price is what VCs are willing to pay or at least used to pay for the hyper-growth. Traditionally businesses grow organically, as did our. However VC-Startup partnership totally changed the economics and dynamics of the businesses. 

Anyhow speaking of Flexport specifically, I guess laying off merely 50 personnel does not even count as opposed to other larger lay-offs, for instance Oyo another Softbank funded startup laid off over 3300 personnel.


1. However in the aftermath of WeWork fiasco, things are changing quite rapidly, in particular Softbank has made a major shift in their strategy, they are trying to minimize losses and seek profitability in the near future for their funded startups., by reducing headcounts and overheads.


January 14, 2020 General 780

Success Vs Failure

Neither success nor failure are spontaneous. Both are the result of an enduring process. No one becomes a billionaire overnight, and no one goes bankrupt overnight either. In short, you have to persistently screw up a lot of things to go bankrupt. And likewise, you have to persistently do most things right to succeed.



November 2, 2019 General 576

WeWork's Failed IPO, Ouster Of the Founder and Softbank's First $6.5 Billion Quarterly Loss

I don’t’ think Softbank made a mistake by investing in WeWork1, If you are sitting on top of a $100 billion VC Fund, and you want to shop for startups., suddenly you would realize, that all of the ‘tech-startups niches’ are either too much saturated or dominated by very big players, leaving a little room for any disruption.

So where would you invest then., you have to look for startups, that are still looking promising and going through hyper-growth, so it made a perfect sense (as a late stage VC). And I guess it’s the very reason Softbank bought them out, It’s a great idea with too much growth.

However it ended up being a way more expensive deal for the Softbank than they would have anticipated and nearly lost $4.6 Billion as shown in their recent quarterly results, that reported a total loss of $6.5 Billion (Wework + Uber) www.bloomberg.com for the first time in 14 years, that’s a major setback to their aggressive investing strategy., and raising the successor to their first mega VisionFund.

Edited following the quarterly results posted by the SoftBank.


1. The only mistake Son made was, he invested in the startup not its founder. Always invest in founders first then their startup. This would serve as a great lesson for the VC community.


October 27, 2019 General 302

Getting I.T. Right: What forwarders can learn from DHL’s strugglepermalink

aircargoworld.com

An 800 pound gorilla (DHL) tried to use SAP for digital transformation, and lost $1 Billion in the process. When in IMO they could have achieved all this under $10-$20 Million, only if they had hired 50-100 full stack Rails developers.

But neither do they know what is a full stack developer nor Rails. They just know SAP and Oracle. That their teachers taught them in the 90s. On a serious note, scaling is the major issue for a company of that size, But I guess Rails could have handled it easily. For instance most probably twitter runs on Rails too.


October 26, 2019 General 270

Bangladesh looks at flying boxes to alleviate congestionpermalink

splash247.com

That’s brilliant, never been to Bangladesh though, but everyone who did, tells the same, too much traffic congestion. It’s the most densely populated country in the world1. However I cant’ appreciate enough how their Govt is involved in developing the export sector and its infrastructure. In particular their garment export industry that was kicked off, a decade or so ago, by the Pakistani garment exporters who were facing at the time, crippling electricity shortage 8-10 hrs per day (now 1 or 2 hrs per day).

Bangladesh took advantage of the situation, offered them lavish terms to move there. But as soon as their own exporters caught up, they were left hanging in the middle, even the land/properties they had purchased won’t get sold, because everyone knew they are going back. A little brutal on the part of Bangladesh Govt., but very smart for their own good.


[1] Of the larger countries, Bangladesh is the most densely-populated with 1,252 people per square kilometer; this is almost three times as dense as its neighbour, India. It’s followed by Lebanon (595), South Korea (528), the Netherlands (508) and Rwanda (495 per km2) completing the top five. Source


October 26, 2019 Informative 303

What is the difference between a Freight Forwarder and Customs Broker

So let’s first begin with customs broker. A customs broker is licensed by the Government to handle the customs clearance of goods for their customers, it involves preparing goods declaration, paying duties and taxes according to tariff of that product on behalf of their customers, and finally getting it released from the customs and delivering the shipment to the customer.

On the other hand a freight forwarder or more precisely an international freight forwarder undertakes the job of handling international transportation of the goods from one country to another, using various modes of transport such as by land, by sea and by air. They are also responsible for preparing shipping documents such as Bill of Lading or Airway bill. Moreover, when requested by the customer, they also arrange the cargo insurance of the goods.

Normally both of these services are offered by a single company, nevertheless both are very different and specialised jobs, so therefore, some companies may only be offering either of these services.

Hope this would explain you the basic difference between a freight forwarder and customs broker.