ACWI Advance – December 15, 2022
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In this issue of ACWI Advance we take a closer look at these stories:
- Buy-Online- Pick-Up-In-Store may help solving retail last-mile delivery challenges.
- To fight illegal freight brokerage, DOT issues new definitions of brokerage terms.
- Warehouse rents near the nation’s top airports are 19% higher than the cities they serve.
- Thanksgiving weekend retail sales show surprising strength this year.
- Fewer than one third of employees feel they are paid fairly, a Gartner study finds.
- Workers are not happy that Congress stepped in to end the threat of a rail strike.
Send your company news to Editor David Sparkman at dspark@comcast.net, and please understand that there is no cost to you when we use your news in this newsletter.
Delivery That Consumers Like
They found that consumers appear to be settling at expecting just over three days of wait time on deliveries with free shipping – around the same amount of time they cited last year, according to available research In 2012, the acceptable delivery time was five-and-a-half days, and it has been on a downward trajectory ever since.
“Besides no added shipping charges, no waiting for a long time for items to be delivered, quick services, in-stock insurance, and ease to tackle delivery errors that often arise with order fulfilment are paving the way for the market,” ResearchAndMarkets.com says. It also holds that an efficient BOPIS system will increase sales and customer loyalty while helping retailers stay competitive with other brick-and-mortar stores and online merchants.
Airport Space Is More Popular
The research found that the largest share – 42.7% — of leasing activity in airport-warehouse markets so far this year was done by third-party logistics (3PL) companies. That’s a greater share than 3PLs claim of overall U.S. warehouse leasing, which is 35.6%.
Holiday Sales Reported Strong
More than three-quarters (76%) of consumers say they shopped over the holiday weekend, up from 70% in 2021. The numbers shattered NRF’s initial expectations by more than 30 million.
Congress Blocks Railroad Strike
“Passing legislation to adopt tentative agreements that exclude paid sick leave for railroad workers will not address rail service issues,” said the Brotherhood of Maintenance of Way Employees, a division of the Teamsters Union, and one of the four unions whose members voted down the agreement.
