UPS has ended a freeze on earned discount tiers based on large shipping volume drops caused by COVID-19 lockdowns, with some shippers seeing cost increases in the 10% to 30% range as they suddenly dropped two or three tiers, consultants and shippers report. The freeze ended as the lockdown effects are long over.
3PL Geodis has acquired Plano, TX-based freight forwarding company Velocity Transport from Berkshire Hathaway subsidiary McLane Company, to add to its forwarding capabilities across a range of modalities, including refrigerated and temperature-controlled freight, flatbed and LTL, intermodal, van and specialty options.
While the ripple effect of massive supply chain disruptions caused by the pandemic continues to affect imports and transit times across industries, a massive reshoring of production and distribution to North America is not likely, according to a recent report from The Economist’s intelligence unit.
ShipBob, a provider of software and services to optimize shipping for ecommerce companies, has raised $200 million in a new funding round, pushing its valuation over the $1 billion mark in a crowded unicorn field as it looks to expand globally and support customers as they add new channels.
Having experienced significant pain in Q4 2020, when millions of orders showed up late, many retailers have stepped up their preparation efforts to ensure holiday shipping 2021 isn’t a case of deja vu. In this report, industry experts and retailers discuss network and supply chain challenges, preparation efforts and mitigation strategies.
Ahead of the upcoming holiday season with its expected surge beyond the “perpetual peak” we’ve been seeing since March of last year, UPS is again issuing surcharges across its services, hitting major shippers particularly hard in a tiered system based on volume.
Bringg, a provider of order orchestration software for last-mile deliveries, has raised $100 million in a series E round, bringing it into the growing unicorn club as it looks to international expansion, explores extensions into less-than-truckload and other forms of transportation and eyes acquisitions. This is 4x from a year-ago valuation.
How can a merchant simultaneously deal with carriers extending delivery windows and consumers wanting their goods now in the extended era of post-pandemic shipping? The key is understanding where post-pandemic shipping is headed and preparing for this inevitability proactively. Here’s what you need to know.
Ecommerce Operations Summit 2021 is back live, at the Gaylord Opreyland in Nashville on Aug. 17-18, and the team at Multichannel Merchant has a great event on tap to help operations and fulfillment professionals keep on top of key industry trends and address the challenges of a disruptive time. Read on for some program highlights.
There is a real urgency for retailers to address the sustainability factor in ecommerce head on. With today’s wave of socially conscious consumers, incorporating sustainable practices across the supply chain is the next big challenge and is imperative for retailers to prioritize, especially those focused on long-term growth.
This is easier said than done, but what can retailers realistically do to address and win against these challenges?