If you’re a small business owner or ecommerce manager, shipping can be a serious thorn in your side. Does it really matter how rock bottom your prices are if consumers get sticker shock when they see the shipping information?
Capacity is key when calculating shipping rates, because it’s what ties directly to a company’s revenue. If capacity exceeds demand, competition comes into play in the shipping industry and you, the business owner, will benefit.
The good news is that competition among shipping companies is currently fierce, so now’s the perfect time to restructure your company’s shipping MO. Shipping firms are scrambling to cover fixed costs, which means day rates are declining. Some of the biggest shipping companies, like Navios Maritime Partners LP and Safe Bulkers Inc., are using idle ships, and dry bulk capacity is up from last year. [Read more…] about Now’s the Time to Capitalize on Shipping Rates
Originally posted on July 22, 2013 @ 2:16 pm