• 24. What You Need to Know About Shipping carriers in 2024 with Josh Taylor

  • Jan 22 2024
  • Length: 42 mins
  • Podcast

24. What You Need to Know About Shipping carriers in 2024 with Josh Taylor

  • Summary

  • Summary

    In this episode, Russell and Emerson interview Josh Taylor from Shipware, a cost reduction company specializing in shipping. They discuss the complexity of shipping rates, when brands should consider breaking off from 3PL rates, negotiating 3PL contracts, balancing shipping costs, the impact of the UPS strike and USPS, expectations for 2024, and low-hanging fruit practices during GRI season. In this conversation, Josh Taylor discusses various aspects of the supply chain and the shipping industry. The conversation covers the profitability of complexity, the ever-changing landscape of the shipping industry, and the importance of avoiding the use of declared value. Overall, the conversation provides insights into the challenges and opportunities in the shipping industry.

    Takeaways

    Understanding the complexity of shipping rates is crucial for brands to optimize their shipping costs.

    Brands should evaluate their shipping profile to determine if they should break off from 3PL rates and negotiate their own rates directly with carriers.

    Auditing shipping invoices and understanding surcharges can help brands identify potential cost savings.

    The shipping landscape is evolving, with more regional carriers and innovative solutions emerging.

    During GRI season, brands should review their shipping contracts and negotiate discounts on surcharges like fuel surcharge.


    Chapters

    00:00 Introduction and Background

    03:23 The Complexity of Shipping Rates

    08:23 When to Break Off from 3PL Rates

    15:17 Negotiating 3PL Contracts

    19:16 Balancing Shipping Costs

    25:41 Impact of UPS Strike and USPS

    31:01 Expectations for 2024

    35:08 GRI Season and Low-Hanging Fruit Practices

    40:42 Profit in Complexity

    41:00 The Ever-Changing Landscape of the Shipping Industry

    41:30 Avoid Using Declared Value


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