Online shopping is increasing at a rapid pace and with every passing year, retailers try harder to woo the increasing numbers of online shoppers into buying from their websites. This has created stiff competition amongst shippers, who are constantly trying to outdo one another with faster shipping, lower rates and better customer service.
2016 was also a great year for the logistics industry, and we are eagerly anticipating what 2017 will bring to the table. Here are a few trends and technologies that shippers can look forward to this year.
About a month ago, Wal-Mart Stores, Inc. agreed to a monster deal with Jet.com, agreeing to purchase the online retailer for $3 billion in cash and $300 million in Wal-Mart shares.
Trucking regulations are continuously updated and changed in order to make the industry safer and more environmentally friendly. While these trucking regulations may be necessary for safety, they can impact shipping schedules and best practices.
The impact of millennials, also known as Generation Y, has been felt by nearly every industry in the world. They are the fastest growing segment in the workplace, they are slowly becoming the largest segment of consumers, and they are now the primary segment that retailers and businesses are targeting with their products and marketing efforts.
As we celebrated the recent honor of being awarded a 2016 Minnesota Business Ethics Award, it got us thinking about the practice of ethics in business and what it truly means for companies within the logistics industry to implement ethics within their own businesses.