Smarter Shipping, Volume 26: UPS Keeps Pace with Competition on Peak Season Rate Hike
Howdy!
Welcome to Volume 26 of "Smarter Shipping" with Intelligent Audit.
Let's take a look!
In this edition of "Smarter Shipping," we'll cover the following:
UPS Keeps Pace with Competition on Peak Season Rate Hike
Never one to be left behind, UPS has announced its peak season 2023 rate hikes. If these price increases look familiar, it's likely because they’re nearly identical to UPS’s chief competitor, FedEx. With the leading players in the parcel game having announced their rate hikes, it’s wait-and-see for peak season 2023: Will expert predictions of low volume bear out, leaving carriers with little to do this peak season? Or will retailers attempt to hurry excess inventory out the door, causing an unexpected increase in shipping?
But it’s not all dueling giants and peak season predictions. UPS has received permission to operate drones beyond the line of sight from the FAA, paving the way for ongoing testing and flights. Dave Clark is out at Flexport, leaving Founder Ryan Petersen at the helm of the freight brokerage and logistics solutions provider. Here’s what’s making news in the industry that’s always moving.
AI is Here to Stay! Intelligent Audit at Parcel Forum
During the Parcel Forum, Intelligent Audit's CEO, Hannah Testani, discussed leveraging Machine Learning as a powerful asset. Given the technological advancements and the crucial need for pristine and comprehensive data, it's beneficial for shippers to further embrace tools like machine learning to enhance their systems.
Intelligent Audit is grateful to everyone who contributed to the success of the event, the chance to present, and the engaging discussions throughout the forum.
The Importance of Freight Bill Audit with Richard Perry
Check out Richard Perry and Joe Lynch discuss the importance of freight bill audit. Richard is Vice President of Strategic Accounts at Intelligent Audit, a cutting-edge logistics and supply chain technology company, dedicated to revolutionizing how businesses manage their shipping and transportation processes.
Elegance in the Midst of Chaos: A Fashion Retailer's Dance with Data
Within the bustling fashion arena, a time-honored retailer, renowned for a century, stumbled upon some logistical hiccups in its transportation costs. Come 2020, the top brass knew they needed not just to trim expenses, but to pinpoint exactly where and how.
Enter Intelligent Audit, a whiz in the world of smart logistics. They pitched a tantalizing promise: deep insights that could unearth big-time savings. They offered the retailer a glimpse into a smarter way of doing business.
But then, COVID-19 hit the stage, throwing markets and industries into a spin. Amidst this chaos, the retailer's shipping strategies were, frankly, looking a bit one-note. With carriers becoming choosy, the retailer was in dire need of a game plan, and data was the name of the game.
Guided by Intelligent Audit, the retailer embarked on a data-driven makeover. The insights they uncovered? Pure gold. A mix of relocating resources, tech upgrades, and just plain smarter shipping tactics were on the cards.
This wasn’t just a revamp; it was a revolution. By year's end, the results were in, and they were impressive.
Want to know just how much they saved, and how they did it? Well, for that juicy detail and more, click the link below. Dive in, and discover the future of fashion logistics.
The latest insights from the?Intelligent Audit Resource Hub
Big News for Small Shipments: How Parcel Tracking Software Revolutionizes Parcel Shipping
In today's digital age, small shipments have gained prominence in global commerce, reflecting the intricate web of modern trade. Spurred by the e-commerce boom, which is predicted to grow by 10.4% in 2023 and reach a market worth of $6.3 trillion, there's an increased focus on timely and affordable deliveries. With consumers expecting swift shipping, nearly 70% say they'd be more inclined to order online if the shipping was faster. Parcel tracking software has become pivotal in this e-commerce ecosystem, providing real-time visibility and predictive analytics. These tools enhance operational efficiency and improve customer experiences. Intelligent Audit leads in this domain, combining advanced tech like machine learning with its services, ensuring shippers stay ahead in logistics.
The Black Swan is Here to Stay: Building Resilience Through Real-Time Supply Chain Visibility
Supply chains are increasingly vulnerable to "black swan" events - unforeseen disruptions with wide-ranging consequences, from closed ports to manufacturing halts. These rare but impactful events are becoming more common, with 76% of supply chain leaders noting more disruptions now than three years ago. While complete immunity is impossible, real-time supply chain visibility can help businesses anticipate and respond promptly to these challenges. This enhanced visibility, powered by technology like AI, Machine Learning, and advanced analytics, allows companies to quickly identify and address anomalies, thus fostering resilience. As the demand for real-time insights surges, so does the urgency for businesses to adapt.
Thanks for stopping by! That's it for this edition of "Smarter Shipping" from Intelligent Audit. Make sure to subscribe to follow each edition!