9 Proven Ways For Reducing Last Miles Costs
Evolving e-commerce requirements have made offering superior delivery experiences a challenge that online companies face regularly. Businesses need to implement last mile logistics to meet such requirements. However, efficient management of last-mile costs is needed to ensure profitability. What is Last Mile Shipping? Last-mile shipping, also known as final mile shipping, refers to the last steps of the delivery process. This is critical to logistics as it's the final and most direct interaction between the customer and the business. As per recent forecasts , the last-mile delivery market is expected to cross 200 billion USDs by 2027. Last Mile Delivery Cost Breakdown Costs incurred to optimize and implement last-mile logistics are known as last-mile delivery costs. Understanding the last mile delivery cost breakdown can help reduce these costs. It consists of expenses incurred for: ● Human resources. ● Delivery equipment. ...