In 2020, every consumer who had been the beneficiary of a mysterious apparatus called the supply chain to magically whisk goods to their door suddenly became aware it existed. In 2022, supply chain doings still dominated headlines as shippers, carriers and suppliers continued to grapple with myriad issues.
FedEx experienced another challenging quarter, with lower volumes impacting the top and bottom line, especially in the Express segment, and the company announced further moves to rein in costs and trim operations, including grounding more flights and dialing back capital spending.
The U.S. Postal Service today announced a major upgrade to its planned rollout of electric vehicles to replace its aging delivery fleet, saying the USPS will purchase only EVs after 2026, as the agency bows to significant pressure from Washington and the states to expand and speed up its changeover.
Demand for warehouse space will decrease in 2023, experts predicted, but companies will still be looking to fill in network gaps opportunistically, while continuing to move sourcing and inventory closer to domestic customers to hedge against supply chain shocks. Consolidation of the 3PL sector is expected to continue.
Shippers know they must prioritize sustainability to remain competitive and align with customer demands. They also know that they must leverage technology to measure their company’s supply chain carbon impacts accurately and set attainable sustainability goals. To solve this, they need to break out of traditional ways of doing things.
The rate of returns from retail purchases is expected to remain relatively flat this year compared to 2021, at 16.5%, with store and ecommerce returns roughly equal as the latter figure has improved, according to a report from the National Retail Federation and Apriss Retail.
Pitney Bowes will get a board makeover with an installed majority and a new interim CEO, if investor Hestia Capital has its way, actions that have led management to take defensive measures. The hedge fund said it’s taking these hardball measures after the company refused its offer last month to bring in three new outside directors.
Multichannel Merchant has published its eighth annual MCM Top 3PLs directory for 2023, a searchable directory of leading third-party logistics (3PL) providers in ecommerce and direct-to-customer operations. It features in-depth profiles of 70 providers, including information on key capabilities and service offerings.
A freight consortium made up of J.B. Hunt, Uber Freight and Convoy is looking to create an industry standard for using application programming interface (API) connections to share data among partners in order to solve freight scheduling challenges, initially addressing full truckload (TL).
Foreign Trade Zones (FTZs) have been around since 1934, yet many retailers don’t know the program exists, or anything about the benefits they can realize from deferring or eliminating import duties, tariffs and taxes. This MCM Special Report taps experts in logistics, importing and FTZ operations to help you make an informed choice.