INFOGRAPHIC - Correct billing of parcel shipments can be far more complex than shippers often expect. Learn more about the complexity of parcel freight billing in this blog and how to eliminate parcel invoice errors using a Freight Audit solution. Many companies save up to 5% of their parcel freight spend .
The global increase of E-commerce sales has impacted supply chains and logistics operations worldwide. With parcel shipment volumes rising almost everywhere in the logistics industry, and next day and same day delivery becoming a disruptive factor, global shipping companies are increasingly seeking support to manage parcel shipment strategies, planning, execution and payment.
In 2014, E-commerce sales worldwide increased nearly 20% over 2013 to about $1.471 trillion. The majority of the online sales is shipped parcel, causing a significant global increase in parcel shipment.
E-commerce and Europe
Also European consumers are increasingly continuing to embrace Internet channels as European E-commerce grew from €131.61 billion to €156.28 billion last year, which corresponds with a growth rate of 18.4%. Analysts forecast the express delivery market in Europe to grow at a CAGR of 3.32% percent over the period 2014-2019.
This blog is specially developed for logistics and finance professionals who are dealing with a moderate or large amount of parcel shipments. As a global and EMEA Freight Audit company, we discover many flaws in freight billing and parcel invoicing. Any company doing a moderate or larger amount of parcel shipments has an opportunity to reduce parcel shipping costs. The infographic below will take a closer look at the following content:
- complexities involved in parcel billing
- Parcel carrier invoice mistakes
- Possible parcel freight savings
For a more detailed insight in parcel billing and small parcel audit, I would like to recommend the following blogs:
- Hidden benefits alert: financial consolidation of shipments. Does your system consolidate shipments or are you losing money?
- Why parcel billing is not easy but complex
- 5 ways to reduce parcel shipping costs