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Cash Handling Procedures in Today’s Retail Environment

first_imgIt’s estimated that one-third of the 1.5 million retailers in the United States aren’t ripe for investing in new cash handling technology—they’re simply too small or don’t have the revenue to see any benefit from an investment.However, that leaves legions of retailers that can—should they be convinced of the value—upgrade their current cash handling procedures.The low end of this available market, which represents about another one-third of retailers, is fairly mature, with simple cash control devices penetrating about 75 to 80 percent of the workable market for such solutions, according to a 2017 study by the ATM Industry Association, Retail Cash Management.- Sponsor – But at retailers with some level of automation, which have the size, level of profitability, or mindset to potentially automate aspects of cash management, there is significant room for growth. Penetration of the smart-safe workable market, which could be as much as 30 percent of the total retail space, is only at about 13 percent. And there are only 3,000 to 3,500 cash recyclers active in the US retail market space out of a serviceable market for recyclers of approximately 150,000 retailers, or just 10 to 12 percent penetration of the potential market for cash recyclers in retail.The new research study concludes, “With the introduction and expansion of smart safes in the mid to late 1990s, and with the growth of the market over time, as well as the expansion of cash management to the fully automated recycler products, the retail market is poised for an explosive growth in products, solutions, services, and support in automated cash management.”Potential for growth indicates opportunity—but also a complicated marketplace. Solutions range from entry-level systems to completely closed point-of-sale (POS) cash handling solutions in which cashiers have no access to cash at all to solutions that integrate back- and front-office solutions with those used by banks and cash-transit companies. There are traditional smart safes and newer cash recyclers, which include a bin for coin deposits in addition to a note recycler that provides retailers with access to in-store cash from which they can make withdrawals after it is validated and credited to their account. Associates can use recycler units to fill their registers, cashiers can trade large bills for smaller ones, and smaller bills are recycled back into operating cash inventory, reducing the need for change orders and providing an audit trail for each transaction.It’s a maze of options, and at the risk of being distracted by cat videos, YouTube provides useful tutorials on the range of choices and a chance to watch units in action. Retail case studies offered up by major vendors in the field offer additional insight into specific projects undertaken by retailers, quick-serve restaurants, and others.Critically, it’s important for LP to educate themselves about solutions while not looking for the “one right” answer. “A retail strategy is actually the first determinant of how you should manage your cash,” advised Mike Keenan, CPP, CFI, LPC, an industry veteran who has led LP at Macy’s, Ross, and Gap during his distinguished career. Risks, resources, cash intake, and a host of other factors are also determinants. “Different retailers will need different solutions,” Keenan noted.In Search of Value through Cash Handling ProceduresCash demand forecasting is an important part of a decision on investing in cash handling systems; so, too, is a complete accounting of current cash handling activities and their associated costs. While both areas may exceed the boundary of LP, executives should be aware of them—and the full scope of the financial and business impacts of cash management—to be a full partner in a retailer’s drive for profitability—today’s higher mandate for LP.“It’s the direction of the industry, where we need to be expanding that value and changing what a project sponsor brings to the table,” explained John Van Slingerland, vice president of business development at G4S Retail Solutions, a provider of end-to-end retail cash management solutions.It’s also why providers such as G4S have invested heavily in educating LP on cash management beyond the impact on risk. “In general, folks in LP and AP are being asked to do more. Moreover, they want to be asked to participate in the strategic part of the business,” he said. “It’s about supporting them as they go to their business partners with more benefits than just securing cash and a provisional credit at the end of the day. It’s also about other benefits that put them in a position to help drive consistency in the business.”What are some of those other benefits? Broadly, a retailer that adopts more efficient cash handling procedures can reduce the costs of cash management, which may increase levels of customer service and allow a more transparent monitoring of cash payment flow.To maximize the effectiveness of a cash handling solution, experts say a retailer should examine the whole cash cycle and effectively involve all stakeholders, including LP, operations, finance, store owners and managers, banks, and cash-in-transit companies.On the business side, when a retailer can get a near real-time picture of its cash assets, it can make use of that working capital, make better business decisions, reduce bank fees and risk, and improve compliance. And as interest rates climb, the value to retailers of having nearly real-time access to cash deposits increases. And it’s not just LP and finance that can make use of the data that today’s solutions can generate. Marketing can use the intelligence to make a correlation between an advertising campaign or sale and cash intake, for example.Different technologies and features yield different value. Cash counting machines, for example, reduce errors and cash drawer counting to under a minute. Using a cash recycling machine also saves a retailer from depositing costs, automates the counting process, and makes it easier to track the reconciliation process. The benefits of smart-safe technology are broadly known—they sort cash and automatically credit accounts—but enhanced business intelligence from them is expanding their value.Cutting costs associated with maintenance and service is one example. Connected cash systems can continually perform health checks, issue status reports, and permit remote troubleshooting. And updating permissions, such as adding or deleting authorized users, can be made at the central repository. Configuration changes can be pushed out to 1,000 stores at once. “For larger retailers there is significant administrative burden associated with profile management and having technicians go out and do local updates. Now that it’s cloud-based, all of that can be done remotely,” explained Jim Poteet, former executive vice president [now CEO] at FireKing.If a retailer is experiencing high cash shortages in its stores, advanced cash management technology can be particularly beneficial, according to Keenan. By improving accountability and control, the technology can reduce actual cash losses, enhancing the ROI equation.Time saving has been a major driver of business value for 7-Eleven from its investments in automated cash handling technology. “It has allowed for agreements that we don’t have to separate bills. The stores can take entire bundles as they are fed, rather than sorting, and that saves the stores time,” said Smith. “And with integration at POS, we can identify employees and to whom the machine dispenses change if they need more in the till. That level of intelligence has improved the time spent managing cash at shift changes and at start and end of day.”That can bring a retailer substantial value. Administration accounts for 72 percent of cash handling costs, according to data from Gunnebo, a provider of cash handling solutions. The average time spent on till reconciliation during shift changes is nearly fifteen minutes, and even more is spent on manual consolidation in cash offices for each checkout. Replenishing tills, reporting, safe reconciliations, cash transport preparation, ordering change, and other administrative tasks that technology can automate consume additional time.Indeed, retailers in case studies most frequently cite time saving as a primary source of payback for automated cash handling technology. For example, Tony Lawson, director of asset protection for Goodwill of Southeast Wisconsin and its 64 locations, estimates his organization is saving two to four hours per day by switching from counting all cash by hand to use of a Tellermate intelligent cash counter with an integrated keypad and printer. Schnuck Markets, Panda Express, and Rack Room Shoes tell similar stories of saving money by eliminating manual money handling.By conducting a pilot study in which time spent managing cash is measured pre- and post-implementation of cash handling technology, it’s possible for a retailer to make an assessment of the potential ROI from this aspect of automation. It’s an important step for all retailers to take because the value from faster cash handling will vary, according to Mike Keenan. While use of cash recyclers helped one major retailer eliminate thousands of back-office jobs in 2017, those types of major savings aren’t a sure thing. “Cash counting machines help people be more efficient and increase accuracy, but the value you’ll get from that depends on the business environment.”Keenan explained that if a store has personnel who just handle cash, there is an opportunity to reduce headcount, which would translate into significant savings. “But so many retailers have moved to lean payroll models that they may just have a manager responsible for handling the cash.” And although automation could allow a manager to increase his or her productivity, that is a substantially more squishy value-add than trimming payroll.Keenan believes that LP executives need to take a judicious approach in general. “Today’s cash management solutions are very creative, and they have lot of bells and whistles. They may sound good, but you have to thoroughly examine them—what will the ROI truly be?” He noted that for a retailer looking at purchasing units for thousands of locations, it’s far from a guarantee that the payback period will be quick enough to make for a winning business case. “So an important part of looking at cash solutions is to be extremely clear on exactly what the unit or solution is going to bring you.”To that end, retailers should be wary of taking a siloed approach to examining cash handling solutions. As for LP, experts we talked to suggested that they should educate themselves on the broad business benefits of advanced cash management solutions—such as achieving working capital benefits by getting cash more quickly into accounts—as well as measure and communicate the security risks and benefits associated with different cash handling options.Learn more about reducing risk through cash management processes by reading the full article, “Cashing In on Security,” which was originally published in 2017. This excerpt was updated August 21, 2018. Stay UpdatedGet critical information for loss prevention professionals, security and retail management delivered right to your inbox.  Sign up nowlast_img read more

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Japan loses contact with its new x-ray space observatory

first_imgFor the time being, says Andrew Fabian of the Institute of Astronomy at the United Kingdom’s University of Cambridge, chairperson of Hitomi’s science working group, reports that the satellite is permanently lost are “groundless speculation.”X-ray astronomers were eagerly awaiting observations from Hitomi, because it is the first major x-ray observatory launched since 1999. An earlier attempt by Japan to launch such a spacecraft failed in 2000 and a 2005 follow-up lost a key instrument after a few weeks because of technical failure. Hitomi also carries a soft x-ray spectrometer that has 30 times the resolution of previous instruments and is expected to revolutionize the field. X-ray astronomer Ken Pounds of the University of Leicester in the United Kingdom says “if lost it would be a tragedy for our Japanese colleagues and a significant disappointment for U.S. collaborators working on the microcalorimeter.” Japan’s space agency, the Japan Aerospace Exploration Agency (JAXA), is desperately trying to re-establish communications with its recently launched Hitomi x-ray observatory (formerly known as ASTRO-H) following a loss of contact on 26 March. Hitomi is a groundbreaking telescope that will be able to image emissions from black holes, the swirl of hot gas in galaxy clusters, and supernova remnants through high-energy photons—including x-rays and gamma rays—with unprecedented accuracy. It was launched 17 February and was still being commissioned, but at the start of operations on Saturday it failed to respond as normal.   The U.S.-based Joint Space Operations Center (JSpOC), which tracks orbiting objects with radar, reported on 27 March seeing five separate objects at Hitomi’s location. But JAXA spokesperson Azusa Yabe says that the agency had received short signals from Hitomi after JSpOC reported its possible breakup.Ground-based amateur satellite watchers also reported seeing Hitomi in a slow spin. Chisato Ikuta, deputy director of Institute of Space and Astronautical Science/JAXA’s press office in Kanagawa, says “these may help us to understand the status of Hitomi. However, we still do not know the present status of Hitomi, because we have not communicated with the satellite yet.” Yabe adds that as long as the spacecraft’s solar array is getting enough power, Hitomi should be able to communicate with Earth even if spinning. “We are still trying to recover communication with ‘Hitomi,’ and trying to find out the status and causes of this communication failure,” Yabe says.Sign up for our daily newsletterGet more great content like this delivered right to you!Country *AfghanistanAland IslandsAlbaniaAlgeriaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, The Democratic Republic of theCook IslandsCosta RicaCote D’IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and Mcdonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People’s Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People’s Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, The Former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMartiniqueMauritaniaMauritiusMayotteMexicoMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorwayOmanPakistanPalestinianPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalQatarReunionRomaniaRussian FederationRWANDASaint Barthélemy Saint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofVietnamVirgin Islands, BritishWallis and FutunaWestern SaharaYemenZambiaZimbabweI also wish to receive emails from AAAS/Science and Science advertisers, including information on products, services and special offers which may include but are not limited to news, careers information & upcoming events.Required fields are included by an asterisk(*)last_img read more

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David Warner gives thumbs up for first New Zealand Test

first_imgAustralia opening batsman David Warner will test out his thumb in the domestic Sheffield Shield competition this week ahead of the opening Test against New Zealand.Warner broke his thumb on tour in England and after a long stint on the sidelines will finally get to shake off some rust for New South Wales against South Australia from Wednesday.Warner said the thumb was still ginger and likely to be for the rest of his career, having previously suffered a few knocks on it at the crease.”I think I got hit against India in Brisbane on the same thumb last season as well and the pain is always going to be there,” Warner told reporters in Sydney.Also read: Pink ball can revive Test cricket, says Steve Waugh “It is about me getting through that pain. You speak to any wicketkeeper in the world — they are playing with broken fingers so I am not complaining at all.”Unless I cop another one on the thumb while I am practising or batting out in the middle that is the only thing that will hinder my selection for the first test.”Two weeks ago the doctor said to me come three or four days before the first test it should be completely healing.”Warner will be new captain Steven Smith’s deputy in the three-Test series against New Zealand, which starts in Brisbane from Nov. 5.Also read: Adam Voges questions use of pink ball for Test match He will also be one of the few experienced batsmen left in the Test team after the retirements of fellow opener Chris Rogers, former skipper Michael Clarke and all-rounder Shane Watson.advertisementTheir replacements are yet to be bedded down, with Joe Burns, youngster Cameron Bancroft and Usman Khawaja among the candidates vying for a top order spot.Warner would not be drawn on his preferred opening partner but his former team mate Rogers anointed Burns, who played two Tests against India during the last home summer, as his preferred successor.”Joe has been around for a little while and Cameron has had one good season,” Rogers told state radio.”I’d like him to start off the season and do well again and then show it is not just a one-off.”Burns played in the Test summer last year, was unlucky not to get into that Ashes squad, and now there is another chance for him to come back in.”For me, there is a pecking order, and he’s the next one.”last_img read more

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Premier League: Alfie Mawson leads Swansea to 1-0 win over Liverpool

first_imgFourth-placed Liverpool were stung by a 1-0 defeat at Premier League basement side Swansea City who withstood a second-half onslaught to secure the points after taking the lead through defender Alfie Mawson at the Liberty Stadium on Monday.Swansea went ahead five minutes before the break when an attempt to clear by Liverpool’s 75 million pounds ($104.88 million) defender Virgil Van Dijk landed at the feet of Mawson who swept the ball home for his sixth league goal this season.Van Dijk, playing in his first league game since signing from Southampton, had earlier flashed over a header from a first-half corner, while Mohamed Salah blazed the Dutch defender’s lofted pass over the bar on the half-hour mark.Liverpool upped the tempo in the second half, dominating possession and attacking from all angles, and Roberto Firmino saw his late header come back off the post, but Swansea managed to hold on for only their fifth league win of the season.Liverpool had not lost in 18 games, having just ended the unbeaten league record of runaway leaders Manchester City, but they fluffed their lines in the face of some stout defending.The loss leaves the Reds on 47 points, three behind Chelsea and six off Manchester United, with Tottenham Hotspur two points outside the top four after a draw at Southampton on Sunday.Manchester City lead the way with 65 points from 24 games.SWANSEA FORMULA”I told my players: Liverpool is a strong team. Like a Formula 1 car,” Swansea boss Carlos Carvalhal told Sky Sports after a win that took his side level on 20 points with second-bottom West Bromwich Albion and three off the safety zone.advertisement”If you put that F1 car in the 4pm London traffic, the F1 car will not drive very fast. That’s exactly what we had to do. Let them play in a way they don’t like.”The plan seemed to work as the visitors struggled to find a way through the Swansea defence in the first half. Van Dijk looked composed but a lack of movement in front of him limited his options as he brought the ball out of defence.Mawson’s goal lit a fire under the Liverpool attack and they surged forward after the break, notching 17 of their total 21 attempts on goal in the second period.last_img read more

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Q&A: Getting To Know Kansas State

first_imgWe got to catch up with the authority on Kansas State football in beat writer Kellis Robinett of the Kansas City Star and Wichita Eagle, who also gave us some good insight on Wildcat alum turned head Cowboy, Brad Underwood. Other good stuff includes the K-State fans crowned successor of Bill Snyder and where to eat in Manhattan.1. The Wizard of Manhattan is in full form with another game-controlling, ground pounding Wildcat team. What are your thoughts so far on this 2016 Wildcat team?K-State has been pretty much what I expected it to be this season. It is 4-0 at home and 1-3 on the road. The Wildcats should qualify for their seventh-straight bowl game. The final four games will decide how good that bowl game is.2. Offensively, the Wildcats are loaded with a mix of veteran players (Ertz, Charles Jones) that know Snyder’s schemes and talent (Pringle, Silmon), to go with a developing offensive line. What are some of the keys to the 2016 Wildcat offense?The offensive line has played well, and the running backs have been above average. K-State’s offensive success seems tied to the passing game. When Jesse Ertz completes the majority of his throws, it can consistently move the chains. When he doesn’t, things break down.3. K-State leads college football in red zone scoring, to what do you attribute such great consistency inside the 20 yard line?K-State’s offense is built around short gains that take a lot of time off the clock. Those are ideal in the red zone. The Wildcats also have a good kicker in Matthew McCrane.4. This defensive unit has leads the league against the run and has some All-B12 caliber players like Jordan Willis, Elijah Lee and Dante Barnett. What types of schemes/players have they been good at shutting down this year and what things have they struggled with?They have been great against the run (5th nationally) and woeful against the pass (107th). If you’re an opposing offensive coordinator, you want to throw as much as possible against the Wildcats.5. We’re familiar with some playmakers at K-State in quarterback Jesse Ertz and receiver Dominique Heath and speedy linebacker Elijah Lee and sack master Jordan Willis. Who are some other players likely to impact the game in big ways on Saturday that Cowboy fans may not have heard of or maybe who are the rising stars of this Wildcat team?Deante Burton, a senior receiver, has really come on strong in his past few games. He could make some big catches against Oklahoma State. On defense, D.J. Reed is solid at corner.6. For the Cowboy fans making their way up to the Little Apple this weekend, what would you recommend as must see sites and good places to dine?If you’re in Aggieville, the best eating spots are So Long Saloon (burgers), Taco Lucha (tacos) and Coco Bolo’s (mexican). Not far away on Poyntz, Bourbon and Baker is good. So is the Tallgrass Taphouse.7. Do you have any favorite Bill Snyder stories that you could share with us?If you’re interested in Snyder stories, this article should keep you entertained.8. While things seem to have died down on the expansion front, what do you gather to be the general sentiment from K-State fans on whether or not to expand and who they would like to add?I get the sense most K-State fans wanted to expand to 12 teams. Snyder certainly did. Not sure who they would have chosen as their two teams, though. No great choices, unless you can raid another power conference, which is why the league stayed at 10.9. Head Coach Bill Snyder is incredible to have in the conference and it will be a sad day when he finally calls it quits. From what you hear, who do K-State fans like to be his eventual replacement?K-State fans love them some Brent Venables.10. Last of all, Cowboy fans are ecstatic to have one of Manhattan’s favorite sons in Brad Underwood taking over the program. Do you have any stories or insights you could share with us about him or his coaching style?Brad is awesome. He played at K-State and then came back as an assistant under Frank Martin and did a tremendous job. I always gave him a ton of credit for the success those teams had. One story that sticks out in my mind is that he had some crazy record for consecutive free throws made at a little over 100, and he constantly challenged K-State players to break it.Well, one day Will Spradling made 124 straight at the practice gym and started to gloat about it. But Underwood turned it around on him, telling him he should have got to the round number of 125. Who stops at 124? He found a way to keep Spradling motivated.If you’re looking for the comments section, it has moved to our forum, The Chamber. You can go there to comment and holler about these articles, specifically in these threads. You can register for a free account right here and will need one to comment.If you’re wondering why we decided to do this, we wrote about that here. Thank you and cheers!last_img read more

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Texas Game Provides Opportunity to Make Statement with Recruits

first_imgWhile you’re here, we’d like you to consider subscribing to Pistols Firing and becoming a PFB+ member. It’s a big ask from us to you, but it also comes with a load of benefits like ad-free browsing (ads stink!), access to our premium room in The Chamber and monthly giveaways.The other thing it does is help stabilize our business into the future. As it turns out, sending folks on the road to cover games and provide 24/7 Pokes coverage like the excellent article you just read costs money. Because of our subscribers, we’ve been able to improve our work and provide the best OSU news and community anywhere online. Help us keep that up. Texas is, and will likely always be, the hub for top prospects in Texas. Young kids who grow up in Texas generally grew up as Texas fans. Many kids idolized Vince Young, Jamaal Charles, Earl Thomas, or any number of star players who began their careers in Austin.“Usually players from there, if they get an offer from Texas, they’ll go there,” Gundy said at his weekly press conference. “The majority of the guys on our team didn’t get offered by Texas.”It’s true – some of Oklahoma State’s best players from Texas didn’t earn scholarship offers from Texas.Jordan Sterns, Emmanuel Ogbah, Ashton Lampkin, Zach Crabtree — all guys who came out of high school without offers from Texas — to name a few.AdChoices广告Despite the fact that the Longhorns program has been “down” for several years, top recruits will file in to Austin to watch the prime time matchup with Oklahoma State Saturday as many Texas natives do nearly every home game. Charlie Strong and his staff will have the ear of the recruits as they play host; but Mike Gundy and Co. are the ones who could earn a favorable impression with recruits and make a big statement on Saturday with a win in enemy territory.last_img read more

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2 days agoKlopp pleased ‘job done’ as Liverpool put four past Genk

first_imgKlopp pleased ‘job done’ as Liverpool put four past Genkby Freddie Taylor2 days agoSend to a friendShare the loveJurgen Klopp was happy Liverpool got the “job done” with a 4-1 victory over Genk on Wednesday night.Alex Oxlade-Chamberlain scored within two minutes to cool any nerves in the away end, before doubling the advantage with a fine first-time finish.Mohamed Salah and Sadio Mane made it 4-0 before Stephen Odey nabbed a consolation for the hosts.Speaking to BT Sport, Klopp said: “There were good moments. The start was brilliant, we were kind of fluent and asked them a lot of questions but then we started – I’m not sure why – to lose patience and some easy balls. “But all four goals were brilliant and we had chances to score more. Job done.”In the years before we would have drawn it, maybe even lost, but all’s OK. It was intense, we needed concentration. “Our opponent brought in their tallest player and they did well from the first and second balls. “We played with speculation when do we really need to go there? Then they won the second balls. So I didn’t enjoy the game too much, but I enjoyed the result.” About the authorFreddie TaylorShare the loveHave your saylast_img read more

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Port of Rotterdam Proclaimed ‘Port of the Year’

first_imgzoom Port of Rotterdam was proclaimed ‘Port of the Year’ during the annual ‘Containerisation International Awards’ in London. The expert jury praised the port for its substantial investment programme in Europe’s leading logistics hub and industrial complex. The jury also compliments the port with its attention to sustainability with their modal shift objectives and groundbreaking initiatives like InlandLinks and NextLogic that contribute to it.Emile Hoogsteden, director of Containers, Breakbulk and Logistics at the Port of Rotterdam Authority: “Winning this award is a tremendous achievement and recognition of our efforts. As the port of Rotterdam, we are constantly working on new investments and innovations. We don’t do this alone, but in partnership with as many market parties as possible. This is the only way we can continue to improve our port and pursue our ambition to be the most efficient, safe and sustainable port in the world. A good example of this is obviously the development of Maasvlakte 2. This is a project with which we are investing in the future and not only responding to the increasing volume size of containerships, but also taking steps towards optimising the logistical supply chain. At the same time, we enable our clients to achieve economies of scale. That’s the aim of joint ventures like P3, which will also boost our total throughput in the short and long term. Rotterdam leads today, by planning for tomorrow.”Increasing volumeAccording to the World Economic Forum, Rotterdam had the best port infrastructure in the world in both 2012 and 2013. During the period 2008-2015, businesses will make joint investments totalling over €11 billion in the port of Rotterdam, €1.2 billion of which is in container terminals. With this Rotterdam is responding to the increasing number of large 13,000 – 18,000 TEU vessels, already reflected in P3’s decision to send their largest ships to Rotterdam. Volume in the port is expected to further increase once the container terminals on Maasvlakte 2 become operational. Ben Vree, European CEO at APM Terminals: “Although the frequency of calls made by container vessels to Rotterdam may decline in the coming year, the volume will continue to increase. Combined with the state-of-the-art infrastructure and the improved efficiency in ship and cargo handling, Rotterdam’s future looks very bright. So I think the port of Rotterdam deserved to win.”About the Containerisation International AwardThe Containerisation International Awards is an initiative of publisher Containerisation International. Every year, prizes are awarded to businesses and private individuals which made a unique contribution to container liner shipping and the logistics sector in the previous year by being innovative, proactive and/or pioneering. The nominees for the ‘Port of the Year’ award were DP World’s Jebel Ali Port, the Maritime and Port Authority of Singapore (MPA), the Port of Long Beach and the Port of Rotterdam.Port of Rotterdam, October 25, 2013last_img read more

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NS Supports Emergency Preparedness Week

first_imgAn Emergency Idol competition in Kentville and a demonstration of public alerting on The Weather Network are two of several events being held in Nova Scotia next week to mark Emergency Preparedness Week in Canada, May 6-12. Primary to Grade 6 students will compete for prizes at the 4th annual Environment, Health and Safety Expo at the Kentville Fire Hall and Arena on Sunday, May 6. The show is presented by the Annapolis Valley Safe Communities Coalition. The Emergency Management Office of Nova Scotia has donated prizes, including battery-powered, hand-crank AM-FM radios with built-in flashlight and siren alarm. “I encourage all Nova Scotians to think about their own families’ needs in an emergency, and to plan ahead,” said Emergency Management Minister Carolyn Bolivar-Getson. “There are many easy-to-use planning tools available to help people look after themselves in the first 72 hours of an emergency, so first responders can assist those in more urgent need of help. Those resources are on our website at gov.ns.ca/emo, and the federal site at epweek.ca.” Ms. Bolivar-Getson adds that families should make sure they have up-to-date emergency kits for their homes and vehicles. The Emergency Management Office will also broadcast test messages to Nova Scotia viewers of The Weather Network, on Wednesday, May 9. “The public needs to be aware of emergency situations so they can take action to protect themselves and their families. The Weather Network is pleased to work with the province of Nova Scotia to demonstrate how our unique technology allows provincial authorities to warn the public in times of an emergency,” said Paul Temple, vice-president at the Weather Network. “The demonstration on May 9 will help raise awareness of the importance of public alerting in times on emergencies.” Other events and advertising include: — a full-page newspaper ad in the Halifax Chronicle Herald to promote the 72 Hours – Is your family prepared? message. The ad is co-sponsored by EMO Nova Scotia, Public Safety Canada, Aliant, Nova Scotia Power, RCMP emergency services section and the Canadian Red Cross; — feature interviews on The Weather Network with EMO CEO Craig MacLaughlan and Emergency Management Planning Officer Dominic Fewer, to be broadcast nationally during Emergency Preparedness Week; — distribution of brochures and posters to municipal emergency measures co-ordinators, provincial government offices, libraries, law enforcement agencies, first responders and media outlets; — an EMO presentation on the new technology behind the joint emergency operations centre in Dartmouth, to the Emergency Management Association of Atlantic Canada education conference, Friday, May 11; — the introduction of a new training workshop to help persons with disabilities prepare for emergencies. The workshop was developed in co-operation with the Persons with Disabilities Emergency Preparedness Committee, and will be delivered to organizations throughout the province following completion of a train-the-trainers program. — a mall display promoting Emergency Preparedness Week at the community kiosk in the Halifax Shopping Centre. Emergency Preparedness Week is a national event that promotes the need for individuals to care for themselves and their families in the first 72 hours of an emergency. It was first introduced in 1996. A comprehensive list of tools and resources is available on the Emergency Preparedness Week website at www.epweek.ca . The Emergency Management Office of Nova Scotia is responsible for ensuring prompt, co-ordinated responses to emergencies. Its head office is located in Dartmouth, with regional offices in Sydney, Truro, Kentville and Lunenburg.last_img read more