We were expecting this.
We were expecting this.
Much like a successful marriage, the relationship between a shipper and its logistics partner has to be mutually-beneficial, trust-based and productive. Without these qualities, one or both parties will quickly find themselves wondering why they entered into the agreement.
If you can’t pinpoint which products are and aren’t making your company money, it’s time for a thorough SKU-level profitability assessment.
To strike the balance between complying with COVID-related shutdowns, fulfilling their customers’ orders and preserving their bottom lines, organizations across most industries revved up their e-commerce engines and began doing more business online in early-2020.
Most shippers expect an annual general rate increase from the major parcel carriers. Monitoring these pricing fluctuations can mean the difference between operating profitably and losing money on every e-commerce order.
Most shippers expect an annual general rate increase from the major parcel carriers. Monitoring these pricing fluctuations can mean the difference between operating profitably and losing money on every order.
The role of e-commerce in keeping the United States and world economies going was never more evident than during the first half of 2020. Before the global pandemic and the lock-downs and shelter-in-place orders that followed, e-commerce comprised about 12 percent of U.S. retail sales. That percentage will grow dramatically in the years ahead. Consumers who once gathered in malls and stores to do their buying found that e-commerce had become their only buying source, almost overnight. Many who had never tried online purchasing found it easy and convenient. Retail will never be the same again. Never.
In Albert Einstein’s famous equation “E=mc2,” both energy and mass are replaceable with one another. But the constant measurement of time cannot be changed.What he essentially confirmed for generations beyond him is the inherent value of time. We cannot slow down time, nor can we control the passing of time. We can change how we react in the present, and use lessons learned to affect chain reactions as they happen in time.
No matter how you manage it, transformation always comes with costs. When moving from a single, lowest-cost supply chain source to a supply web of primary and alternate sources supporting multiple options to satisfy customer demand, your company will experience new cost challenges from across the developing network.