E-commerce business is highly competitive as almost all products are available on different marketplaces. Companies offer cheaper, reliable services to stay ahead of their competitors. Further, technological innovations and dealing with customer expectations are necessary for businesses. Automation in e-commerce is essential to have an edge over competitors. A reliable e-commerce logistics partner can lower shipping costs, and maximize efficiency. Reducing shipping expenses using data analytics is discussed in our earlier article. Moreover, last-mile delivery of packages is a vital part of the ..read more

According to the latest news, shippers aren’t signing annual freight contracts in a hurry. Moreover, shipping costs are rising due to disruptions in the Panama Canal and Suez Canal. The cargo diversion around the Cape of Good Hope has increased the shipping rates. Container rate negotiations in the Transpacific region will see a major impact. These disrupted shipping routes will influence contract negotiations. Particularly, the ocean freight contracts. Due to delays in ocean freight, some companies are shifting to air cargo alternatives. It is causing a ripple effect with a rise in shipping c ..read more

The Freight and Logistics market in the US is the backbone of its economy. Increasing globalization and e-commerce growth are fuelling demand for efficient freight and logistics solutions. According to news reports, freight activity in the US is picking up after a two-year slump. Further, the United States Freight and Logistics Market may grow to USD 1.29 trillion by 2029. Managing freight invoices becomes complex as the shipping volumes increase. Evaluating and analyzing vast amounts of freight data and validation is time-consuming. Many resources are required to identify and resolve freight ..read more

Businesses are competing with each other to provide the best customer experience. Be it the shipping costs or faster delivery time. Moreover, a customer’s decision to buy depends on shorter delivery times. The transit time for small parcel deliveries is three days or less. According to some reports, the parcel delivery market will grow 4.2% from 2024 to 2030. Expanding e-commerce companies are driving the parcel delivery market. Due to a decrease in shipping volumes, small parcel shipping costs may increase in 2024. It will affect small and medium businesses with low shipping volumes. Companie ..read more

Audintel’s team was excited to be a part of the convention at Manifest 2024 in Vegas. We had a chance to interact with global innovators, executives, investors, service providers of logistics tech, and supply chains. It was a great opportunity to network with the leaders of Fortune 500 companies. The recurring theme throughout the convention was Artificial Intelligence (AI) and Machine Learning (ML) transforming the Logistics industry. It was a very knowledgeable three days of the conference. Here are some topics covered. AI is redefining the Logistics industry. The latest statistics say tha ..read more

The US e-commerce parcel delivery market reportedly will grow to USD 160.07 billion by 2032. There is increasing demand for speedy delivery services from small parcel delivery companies. For example, the United States Postal Service (USPS) small parcel delivery is economical, especially for last-mile deliveries. However, it has recently faced international shipping disruptions in many countries due to conflicts, winter weather, and local delivery issues.  So, what if the small parcels arrive late? What do you do if there are shipping invoice errors? Who do you turn to when faced with late ..read more

Same-day shipping has become the norm for most e-commerce orders. Further, according to reports, e-commerce sales are growing exponentially every year. Emphasis on digitalization and cashless payments are on the rise. There are chances of shipping and invoicing mistakes by shippers and shipping carriers. Identifying these mistakes is essential for conducting profitable businesses. A small parcel audit helps shippers identify and rectify these mistakes. In this article, we will explore the concept of small-parcel shipping. In addition, we will discuss small parcel auditing. We will also discuss ..read more

In the fast-paced business world, the efficient management of vendor expenses is paramount for seamless operations. The end-to-end vendor spend process, known as the contract-to-pay or procure-to-pay process, presents significant complexities for companies. The complexities include an intricate invoice approval workflow The process involves receiving invoices from suppliers, verifying, matching with the appropriate purchase request, reviewing, and processing the payment. An inefficient approval workflow leads to late payments, delayed goods delivery, and more. Some challenges also involve inac ..read more

The rise in the e-commerce market has revolutionized the parcel delivery industry. Some reports have predicted an increase in the parcel delivery market. With digitalization, the delivery sector has undergone many technological advancements. As customer expectations rise, businesses focus on technology. New technologies enhance operational efficiency. Innovations and AI are powering the logistics ecosystem. Businesses use wireless devices and IoT systems to track shipments in real time. It ensures the safe movement of goods and triggers alerts when errors arise. Some logistic companies have al ..read more

Shipping carriers have diverted trade from the Red Sea in the past few weeks. Ocean freight is taking longer routes around Africa to avoid the threat of violence in the Middle East area. Shipping parcels and freight to different places is becoming expensive. And so, shipping costs are rising for many businesses globally. Furthermore, the shipping rates imposed by different parcel carriers like UPS and FedEx will increase in 2024. Companies have the challenge of reducing shipping costs efficiently. In addition, it is necessary to build back some profit margins for e-commerce businesses. Calcula ..read more