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What Does Mitigating Cost Mean?
When it comes to parcel, most shippers are focused on mitigating costs to some degree. This simply means that parcel shippers are actively participating in the reduction of their parcel network costs – how shippers get mitigate costs (e.g. what strategies they employ) vary from shipper to shipper.
The Ins and Outs of Expanding Your Carrier Base: 5 Key Questions to Ask
Before bidding out volume to a regional carrier, certain characteristics of the supply chain should be evaluated. Here, we’ll highlight five specific characteristics or network components that should be considered before selecting a regional carrier.
INFOGRAPHIC: How COVID-19 is Affecting the Parcel Industry
Novel coronavirus (COVID-19) has impacted the global supply chain, disrupting industries around the world. Just like their customers, carriers are not immune to the negative impacts of COVID-19.
Make Peak Season Less Painful with These Cost Avoidance Strategies
Peak season surcharges began in 2017 as a way for carriers to mitigate some of the costs during the heavy shipping season. Packages that require extra handling (i.e. additional handling, large package/oversize, and over maximum limits/unauthorized package) that get pushed into the carriers’ network create less efficiency; therefore, carriers seem to penalize shippers even more during the holiday season.
7 Inefficiencies That Could Be Slowing Down Your Supply Chain
An efficient supply chain is one that meets customer expectations in a cost-effective manner. With two-day delivery (or less) becoming the retail standard for customers, balancing cost and customer service is no small feat.
Getting Ready for 2019 GRI: How to Mitigate Cost Increases
This is the time of year that shippers are often bracing for the blow of annual rate increases. Usually in the late third or early fourth quarter, parcel carriers will announce their annual rate and surcharge increases. With the growth in e-commerce, parcel is becoming a larger expenditure for companies. According to GMT’s 2018 Benchmark Report, 87% of shippers expect 2018 parcel rates to increase at a similar or higher pace as total transport costs year-over-year.
Leading Insights From GMT's Annual Parcel Benchmark Report
GMT's own Director of Operations, D. Aaron Guild, and distinguished faculty fellow from UT GSCI, John Lebowitz present takeaways and insights from our 2020 Benchmark Report.