Companies in the retail and CPG spaces are exploring new ways to streamline fulfillment and reduce costs at the last mile. Here are the top-line bullets you need to know.
Even as restrictions ease and brick-and-mortar storefronts reopen, consumers are still shopping online.
E-commerce has emerged as a more convenient alternative to in-person shopping, especially in the grocery and consumables categories.
Major retailers and brands have been experimenting with new fulfilment solutions to make the delivery journey more efficient, as the last mile can comprise up to 28% of an item’s shipping cost.
Major third-party logistics providers (3PLs) and warehousing firms are also discussing the importance of mastering the last mile, as unprecedented demand for delivery is impacting players along the value chain.