Richard Allen to Take Top Job at Fonterra
Fonterra says Richard Allen will succeed Miles Hurrell as its new chief executive.
Kotahi, founded by Fonterra and Silver Fern Farms, works with exporters and shipping containers to ensure an efficient supply chain.
The company has 10-year partnership with Maersk Shipping.
Kotahi chief executive David Ross says the agreement comes with a commitment to each other "to ensure capacity is there for exporters on our platform".
"We realised last year was tough with the constant slippage, so the plan going into this year was to do something different," he says.
"This is to ensure we would get the schedule integrity and the capacity. We need to not put the stress on the supply chain that we've seen in the previous 12 months."
Ross says Maersk has committed to increase capacity to New Zealand this year.
He says while the port congestion doesn't go away, the new schedule will be able to handle that congestion and be on time. He adds that over the last few months, the schedule integrity of key Maersk services in NZ is back to over 80%.
"That just changes everything. The boxes [containers] are coming in when you need them, you are booking the vessels you want and whole flow starts to come back."
The New Zealand red meat sector has signed an open letter to parliamentarians from BusinessNZ, urging swift ratification of the India-New Zealand Free Trade Agreement (FTA).
Wools of New Zealand is joining calls for New Zealand to urgently ratify a Free Trade Agreement with India.
Fonterra says Richard Allen will succeed Miles Hurrell as its new chief executive.
Cyclone Vaianu is continuing its track south towards the Bay of Plenty, bringing with it destructive winds, heavy rain, and large swells, says Metservice.
While Cyclone Vaianu remains off the East Coast of New Zealand, the Waikato Civil Defence Emergency Management (CDEM) Group says impacts have been felt overnight.
A Local State of Emergency has been declared for the Waikato for a period of seven days as the region prepares for Cyclone Vaianu to hit the area.