
4 Tips: Improve Profitability Despite Rising Transportation Costs
Feeling the pinch of carrier surcharges and other rising transportation costs?
Feeling the pinch of carrier surcharges and other rising transportation costs?
According to a LinkedIn report, warehouse workers on the frontlines of e-commerce are the most in-demand
When checking out various online dictionaries for a definition of peak season, one finds the
With more than half of customers going elsewhere after a poor experience, now is not the time to let your guard down on service audits.
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.
You may not be able to keep parcel carriers from imposing unexpected peak season cost changes, but you can prepare to manage surcharges. The key is to understand your shipping data, work with trusted partners, and protect profitability by responding quickly.
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.
As the global pandemic confined consumers to their homes, record volumes of online sales motivated retailers to adjust online fulfillment strategies and capitalize on emerging demands for food, health and safety necessities, home office/school supplies – even exercise equipment and entertainment products.
Large volume parcel shippers have a huge transportation budget laden with line items. Often, this spend goes unmonitored due simply to the sheer amount of work required to track significant quantity of invoices, payments and claims.