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How to Reduce 2-Day Shipping Costs

Ship Monk

Offering the preferred, faster 2-Day shipping option could eat away at your profit if you support the cost entirely. Over 50% of online shoppers stated they’d abandoned baskets at some point due to delivery costs. So the question becomes: is it possible to offer 2-Day shipping at an affordable price?

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How Landed Cost Affects Ecommerce Profitability

Ship Monk

Could there be hidden costs you’re not accounting for in your pricing strategy? One of the most common mistakes direct-to-consumer (DTC) ecommerce brands make is failing to understand and track their true costs, a.k.a. landed costs. What is Landed Cost? Landed Cost vs. Cost of Goods Sold.

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The Freight Forwarder’s Era: The Top Advantages of Working with a Freight Forwarder

MTS Logistics

Let’s start with some definitions of what a freight forwarder is. Expertise of Freight Forwarders Freight forwarders are well-versed in the knowledge of how to handle the customs regulations and documentation for your international shipments. Well, a freight forwarder negotiates rates on your behalf, knowing the market.

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What are the Characteristics That Make up Parcel Pricing?

GlobalTranz

Unfortunately, finding savings in parcel shipping costs can be difficult at best, especially considering the major carriers’ constant changes to parcel service guides. Carriers have detailed published rates, counter rates and negotiated rates with various shippers, smaller carriers and even destination types. Negotiations.

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What is Minimum Order Quantity and Should My eCommerce Business Set One?

Ship Monk

As online shoppers, we see examples of minimum order quantity everywhere. This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online. Minimum Order Quantity Definition. Minimum Order Quantity vs. Pricing Strategy.

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Carrier Capacity Management Levels the Playing Field in a Carriers’ Market

Logistics Viewpoints

They face higher costs. In some cases, those same caps bring even higher costs. They have less negotiation power with carriers and partners. Proactive shippers have used multi-carrier parcel shipping technologies and strategies to navigate rising carrier costs for years. They must navigate carrier parcel volume caps.

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Inbound Logistics: Everything You Need to Know

3PL Links

Given that it is a subject that every businessperson should be knowledgeable about, it is a crucial logistics function in the supply chain. We will address the following topics in this article: Inbound logistics definition and significance. Cost savings through supplier negotiations. Duties of inbound logistics.

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