According to JOC, economic factors such as strength in consumer spending, housing and automobiles are resulting in their increased 2015 forecast for US imports volume to 6.6% (previously 6.3%). This translates to an all-time high of U.S. containerized imports surpassing 20 million 20-foot-equivalent units. Mario Moreno at JOC additionally forecasts a reduced decline to 2.4% in the short term with another rise of 7% in 2017 to 21.65 million TEUs (More at: www.joc.com).
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Cargo from China reports that shipment delays are very probable and expected in China due to the upcoming Chinese National Day holiday on October 1 and extending for a week through October 7th. Even though there are many various holidays in China, this holiday along with the Chinese New Year in February are the two main concerns for shipping delays. It is recommended to avoid these two holiday periods or plan accordingly for long delays in the schedule. see: http://www.parsifalcorp.com/Home/Index/11
Massive explosions occurred at a container storage station at the Port of Tianjin (Binhai New Area) on Wednesday, August 12th. While the first explosion registered as a 2.3 magnitude earthquake, equivalent to 3 tonnes of TNT, the second larger explosion was estimated at 21 tonnes. 139 deaths resulted and 34 others remain missing. A huge crater was formed at the blast site, with estimated 18,000 containers and over eight thousand new cars damaged or destroyed. The 10th busiest global container port handled 14.05 million TEU in 2014. (More at: www.bbc.com)
Mark Olsen serves as CEO of Parsifal Corporation, a relocation and transportation company that provides services worldwide. Under the guidance of Mark Olsen, the company has gained a reputation as both a leading innovator in technological developments and a noted figure in the relocation industry. In July 2014, Parsifal Corporation provided an exhibition of its service achievements for the Society for Human Resources Management's (SHRM) conference in Orlando, Florida.
Whether we are providing auditing, billing, service evaluations or consulting services, our technological prowess and know-how has made us the industry leader. Mark Olsen states that “We interface with a variety of systems and platforms, providing state of the art solutions and world class service through our intelligent, cutting-edge and innovative PASTM Technology.” Parsifal solutions offer Bidding, Booking, Billing and Auditing features and support with procurement sophistication never before successfully utilized in the household goods industry. The SHRM is the largest human resources organization in the world. With offices in three other countries, it hosts 575 chapters in the US and more than 275,000 members in over 60 countries. The organization holds its annual conference each summer, with a variety of panelists and guest speakers presenting. Several notable figures are scheduled as keynote speakers for the 2015 conference, which will take place in Las Vegas June 28–July 1. These guests include daytime television host Dr. Mehmet Oz, author Marcus Buckingham, and Facebook chief operating officer Sheryl Sandberg. An additional group of HR professionals will give presentations throughout the event at pre-conference workshops and other informative sessions. Relocation Procurement Technology: Parsifal Corporation, led by CEO, Mark Olsen, provides a sophisticated system known as MoveMetric® which offers an advanced, online, relocation procurement technology powered by informed decision-making for the corporation and/or relocation management company. MoveMetric® offers both Domestic, MMD™ and International, MMI™ services.
MoveMetric® is a US domestic household goods technology that uses a simplified pricing schedule and allows the RMC or corporate client to post upcoming shipments in this web-based system. This technology collects, stores, and analyzes each mover’s pricing information, transit times and service quality through an interactive web-based system. Access is available 24/7, allowing comparison of competitive bidding and alternative transport modes as needed. Mark Olsen states that, “the client is then able to make a sophisticated booking decision based on price, transit time and service quality history.” Additionally, the service providers have the ability to invoice for their services through MoveMetric® which immediately uploads the bill into a queue for audit. MyReloWorks® provides a web page for the transferee where they can access the electronic record of their bill before and after it goes to audit. In all cases, the bill undergoes a high quality and proprietary audit process via PAS™, or the Parsifal Audit System. Relocation can be a strategic move that re-positions a company for success. Businesses move for many reasons, such as the desire to decrease operating expenses, tap into new talent, or upgrade facilities. Whatever the motivation, business owners can turn to the professional relocation experts at the Parsifal Corporation, which is led by CEO Mark Olsen, for comprehensive move solutions.
For some companies, staying in the same area but expanding into a larger facility becomes vital for business growth. Other companies pursue a long-distance move to transition to a better economic environment or to attract employees with specific skill sets. With long-distance moves, companies may face the challenge of moving both corporate assets and employees’ households, which increases the complexity of the process and the relocation budget. To help companies, the Parsifal Corp offers audits of both household goods and high-value products, and provides transportation analysis and audits of carriers to ensure companies are receiving competitive pricing. Mark Olsen and the Parsifal Corporation realize that technology and controlling costs are a key need for every relocation. His company brings over three decades of experience across six continents to make every corporate move, small or large, a success. In operation since 1981, Parsifal Corporation has become one of America’s leading providers of relocation auditing and relocation technology. From service centers in Florida, Maine, Indiana and New York, Parsifal Corporation president Mark Olsen and his team of relocation specialists help clients expedite and account for the movement of personnel nationwide and worldwide, to over 120 countries, including all household goods.
Corporations, the military, federal agencies, and non-profit organizations need to relocate employees to different offices or duty stations on a frequent basis. In many cases, if the job-related relocation requires several years of duty at the destination site, the relocating individual’s family and household goods will join him. Such moves can be expensive and labor-intensive, which requires proper accounting for organizational effectiveness. While most organizations have strict definitions of what items and personal effects can and cannot be relocated with an employee or personnel, the category of household goods typically includes all items necessary for work, personal items, electronics, consumable goods, clothing, furniture, and vehicles. Relocating an employee can be a complex, stressful process, and employers should consider many factors when asking someone to move to a different office. Parsifal Corporation, a worldwide leader in relocation auditing and consulting, describes these often-overlooked but important factors to consider when creating an employee relocation package.
Tax Changes: If a relocating employee moves to a new municipality, county, or state, he or she may end up in a very different tax situation. In order to keep compensation fair, employers should take new tax rates, including those for sales and property taxes, into account when evaluating salary at the new location. Spouse Employment: Relocating employees often have working spouses. Depending on the spouse’s industry, he or she may have difficulty finding a new position after the move. In order to make sure the employee’s family does not experience financial hardship, employers should account for lost spousal income in the first year after a move. For more information about planning employee relocations, be sure to read Part 2. By Parsifal Corporation Companies often offer to purchase the homes of employees when they ask them to relocate to another city. Such a benefit enables employees to move to a new city without the burden of the upkeep, maintenance, and sale of their existing home. In addition, companies generally purchase the homes of transferred employees at fair-market value, freeing up their credit for new opportunities. Relocation home transactions encompass a number of different types of sales designed to assist the employee in realizing the best possible price for the residence. In addition, some employers utilize the services of a third-party company that purchases homes for resale or investment purposes. Depending on the conditions of the relocation package, employees turn the sale of their homes completely over to their employer or market the home for a period of time with a guaranteed buyout at the end of that term. Many companies offer a buyout program that requires employees to get several appraisals. If the amount of the appraisals falls within a narrow range, the employer pays the average price. However, the employee is allowed to market the home for 90 days (or less) to test the market if the appraisals are dramatically different from each other or if the employee wants to try to increase the price of the property. Another approach used by some companies obliges employees to list their residence immediately. By using this method, employers save on the costs of appraisals and let the market control the price. To incentivize the employee to actively market the property, 30 to 40% of companies offer a bonus equivalent to a percentage of the sale price of the home. Generally, employees also receive realtor fees and closing costs expended on the sale of their existing home and the purchase of their new home, temporary living expenses in the new city, and travel expenses including a trip to search for a new house. Parsifal Corporation provides expert advice to companies designing relocation packages, including contract review and analysis. With more than 30 years of experience in the relocation industry, Parsifal Corporation assists its clients in safeguarding the interests of its employees while also protecting the investments of the clients. Founded in 1981, Parsifal Corporation provides a comprehensive suite of relocation services designed to ease the administrative burden for all parties. Parsifal Corporation maintains 6 offices throughout the United States and currently serves clients in more than 120 different nations. Working with major companies and government agencies, Parsifal Corporation facilitates many aspects of relocation to save time and money. Listed below is a brief overview of the major services provided by the firm.
Auditing: A pioneer in the auditing of household goods, Parsifal Corporation employs a standard auditing program to ensure every decision made in the transportation process is in accordance with the agreements, rules and regulations. The firm utilizes advanced technologies to analyze prices from around the world to obtain the highest possible level of savings. Throughout the year, clients receive customized performance reports, access to web-based services, and benchmarking for prices and services. Billing: Several different parties need to be paid during the relocation process; Parsifal Corporation streamlines this process by offering an assortment of billing services, including data storage, electronic invoicing, and tax breakouts. In addition, the company supports household goods billing systems and electronic data interchange (EDI). Service Evaluation: Parsifal Corporation helps clients evaluate their vendors to maintain the highest level of service at the lowest possible prices. Service evaluations are available for third-party relocation firms, mortgage companies, foreign and domestic carrier services, and relocation departments. Consulting: Relocation is a chief concern for major companies and organizations as it can be a costly process that drastically affects recruitment and turnover. To that end, Parsifal Corporation provides qualified consultancy services to reduce costs by effectively identifying industry trends and patterns. The services include management reports, contract negotiation assistance, carrier service benchmarking, and much more. |
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November 2016
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