Should Freight Be Included In Inventory Cost?
by ºÚ°µ±¬ÁÏÍø Team on Oct. 17, 2024
Should freight be included in inventory cost? It’s a fair question for ecommerce businesses given the financial implication. Inventory-related expenses impact pricing strategies, profit margins, and overall financial reporting. Freight, which is a significant expense in many industrie …
The Key Ingredients of a Successful 3PL Agreement and Partnership
by ºÚ°µ±¬ÁÏÍø Team on Oct. 16, 2024
Navigating the world of third-party logistics (3PL) partnerships requires more than just a handshake and a contract. It involves creating a well-structured, mutually beneficial relationship that aligns with the evolving needs of both parties. When businesses engage a 3PL provider, the …
2PL vs 3PL: Which Is Better for DTC Ecommerce?
by ºÚ°µ±¬ÁÏÍø Team on Oct. 14, 2024
When it comes to direct-to-consumer (DTC) ecommerce, choosing the right logistics model can significantly impact operational efficiency and customer satisfaction. Two commonly used options are second-party logistics (2PL) and third-party logistics (3PL), each with its own strengths an …
3PL Brokerage Services: The Solution You Didn't Know You Needed
by ºÚ°µ±¬ÁÏÍø Team on Oct. 11, 2024
In today's fast-paced business environment, optimizing supply chain operations is essential for success. Third-party logistics (3PL) brokerage services provide businesses with expert support in navigating complex shipping and logistics challenges. This article examines the key compone …
Free on Board vs Freight on Board: Are They the Same Thing?
by ºÚ°µ±¬ÁÏÍø Team on Oct. 9, 2024
In the logistics industry, understanding shipping terms is vital for avoiding costly mistakes and ensuring smooth operations. One term often heard in international trade is Free on Board (FOB). Sometimes, you may encounter "Freight on Board" mistakenly listed as a separate term. Howev …
Unlock Opportunities with These Cross-Border Logistics Strategies
by ºÚ°µ±¬ÁÏÍø Team on Oct. 3, 2024
In an increasingly globalized economy, cross-border opportunities are becoming more accessible. Identifying and leveraging these opportunities can significantly boost your business' growth and profitability. Effective logistics plays a pivotal role in enabling businesses to expand the …
Why 3PL and 4PL Experiences are So Different
by ºÚ°µ±¬ÁÏÍø Team on Oct. 2, 2024
The logistics industry offers various solutions that facilitate effective supply chain management, among which are third-party logistics (3PL) and fourth-party logistics (4PL). While these two models serve similar purposes, their operations and experiences differ significantly. This a …
Essential 3PL Requirements for Ecommerce Businesses
by ºÚ°µ±¬ÁÏÍø Team on Oct. 1, 2024
A 3PL partner is more than just a logistics provider – they are an extension of your business. When well-formed and maintained, this partnership has the power to enhance operational efficiency, improve distribution, and increase overall visibility within the supply chain at large. But …
How Customs Broker Responsibilities Serve Global Ecommerce Goals
by ºÚ°µ±¬ÁÏÍø Team on Sep. 30, 2024
In the world of international trade, customs brokers play a pivotal role in ensuring that goods move smoothly across borders. While finding a customs broker may seem straightforward, identifying one that meets your specific needs can be more complex. With numerous brokers available, e …
How to Predict Carrier Rates 2025 and Beyond
by ºÚ°µ±¬ÁÏÍø Team on Sep. 26, 2024
Every ecommerce business needs shipping. But not every ecommerce business pays the same rate for it. Service providers’ rates vary based on package-specific and broader economic factors. As a core cost of logistics, you need to stay on top of current market prices for shipping in orde …