Rising Transportation and Logistics costs, Research

Inbound Freight Costs are Rising. What are logistics managers doing to better manage costs?

Inbound Freight Costs are Rising. What are logistics managers doing to better manage costs?

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INBOUND LOGISTICS IS A COMPLEX PROCESS that can consume more than 40% of the average organization’s annual freight budget, according to Aberdeen Group, which estimates that total inbound freight spend alone consumes between 3.6% to 5.2% of a firm’s total annual sales. Due to inbound freight savings’ direct impact on the organizational bottom line, shippers that make it a supply chain priority reap significant inventory efficiencies, better cost containment, and a higher chance of achieving productivity and service goals.