While they may not realize it, consumer returns come at a substantial cost to consumers. For every $1 billion in sales, the average retailer is incurring $106 million in merchandise returns. That is over 10%. These costs are ultimately passed on to consumers as prices are inflated to cover the cost of returns.
An article from the JOC shows that U.S. imports from Asia continued to climb in March. In fact, March was the second-busiest month on record, with imports jumping 22% from February and a whopping 90.5% compared to last March.
In our new segment, “Happening Now,” we share timely industry articles to keep our readers up to speed on important logistics news.
In our new segment, “Happening Now,” we share timely industry articles to keep our readers up to speed on important logistics news.
A new article from Storage Solutions examines the costs related to honeycombing in the warehouse. Simply put, "honeycombing" is the act of creating dead or vacant space in the warehouse that results in operational inefficiencies and higher costs.
In our new segment, “Happening Now,” we share timely industry articles to keep our readers up to speed on important logistics news.
Congestion issues at the Ports of Los Angeles and Long Beach are still creating a mess for trans-Pacific importers. Check out this Freight Waves article, which includes a flyover video of ships anchored within San Pedro Bay.
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