In today’s rapidly evolving world of e-commerce, businesses are constantly challenged to meet customer expectations while managing their shipping costs. The annual General Rate Increase (GRI) by major carriers always impacts shipping expenses significantly, unless you’re equipped. To tackle this challenge head-on, a powerful partnership between Paccurate and Reveel is here to help businesses navigate the post-GRI landscape. Together, we are revolutionizing the way companies optimize their shipping processes, reduce costs, and enhance efficiency.
Navigating the GRI Reality
Just to recap for anyone unfamiliar with the process, the big two carriers – FedEx and UPS – announce in the Fall timeframe what their price increases will be for the next year. This year both carriers announced that rates will increase 5.9%, which is a lower increase than the 6.9% each imposed on customers last year.
UPS’ new rates go into effect on December 26, 2023. As is the case with FedEx, the company wants customers and prospects to focus on the fact that they’ve brought the price increase down.
But have they really? The headline says a 5.9% increase, but as past years have shown, these GRIs only show a small part of the picture. There are numerous fees, surcharges, and changes to zones and dimension rates that don’t make the headlines, but do increase what shippers are paying in increases, well beyond the quoted 5.9%.
Paccurate: Precision Packing with Cartonization for Cost Savings
Paccurate, the leader in optimizing parcel packing, plays a pivotal role in this partnership. Shippers use PacSimulate software to run simulations on millions of orders to determine the ideal set of box and mailer sizes. By adopting fully-optimized packaging, shippers reduce transportation costs, which is especially crucial post-GRI.
Beyond this advanced packaging tool, Paccurate offers the only patented cartonization solution which optimizes for costs directly. This technology intelligently automates packing decisions for every shipment, and generates easy-to-follow instructions for packers. More importantly than ever, PacAPI factors in your negotiated rate tables to ensure your packing follows carriers’ zone and service-level packing incentives with respect to dim weight vs. actual weight. It reduces void space and prevents the use of excess and unnecessary fill materials. In the post-GRI world, where every dollar saved counts, smart cartonization ensures businesses ship cost-efficiently.
Reveel: Real-time Insights for Smart Post-GRI Decisions
Reveel’s expertise in parcel spend management and data analytics rounds out this formidable partnership. By integrating invoice-level data with our platform, Reveel offers real-time insights into shipping expenses post-GRI; enabling businesses that run on a set of rules to validate those rules and optimize parcel spend across their operations. This data-driven approach allows businesses to closely monitor costs, identify trends, and make informed decisions to optimize their shipping strategy in the new reality.
Reveel’s platform also helps businesses track their spending against budgets and ensures they stay within financial targets despite the changes in shipping rates and costs post-GRI.
The Power of Collaboration in the Post-GRI World
The synergy between Paccurate and Reveel is a testament to the strength of collaboration in overcoming industry challenges. By seamlessly integrating these technologies, businesses can achieve precision in packing, streamline shipping processes, and gain insights into shipping expenses.
In the era of e-commerce, shipping costs are a significant concern for businesses. The recent General Rate Increase adds further complexity to this challenge, and businesses are bracing for its impact this year. By harnessing the power of innovation and collaboration, companies can minimize the effect of GRI on their bottom line in the post-GRI world. Get ahead of the game with best-in-class solutions.
The partnership between Paccurate and Reveel offers a comprehensive solution to optimize shipping efficiency, minimize costs, and make data-driven decisions in the post-GRI reality. As businesses continue to adapt to the evolving shipping landscape, this partnership will undoubtedly play a pivotal role in helping them stay competitive and thrive in this new and challenging environment.