A new report from FarEye says bringing down costs is top of mind for the last-mile logistics sector.
cheaper for consumers is the top priority in efforts to make online shopping more accessible to a greater number of South Africans and to drive further growth in the sector., a developer of last-mile logistics technology, which surveyed more than 300 business leaders specialising in delivery logistics. This is the third version of the report, but the first to give South African-specific insights.
One of the ways retailers reduce their logistics costs is by outsourcing the responsibility to third-party specialists According to the report, 100% of survey respondents cited inflation as the topmost factor in their minds, meaning “it is to be anticipated that a lot of decision making revolves around cost”. FarEye identified fuel, safety and security as the three major cost drivers for last-mile logistics operators.
“Given its significance, companies are likely to explore innovative solutions to reduce costs, such as optimising routes and leveraging technology for operational efficiency,” said the report.One of the ways retail businesses reduce their logistics costs is by outsourcing the responsibility to third-party specialists who use economies of scale to drive operational efficiencies and improve margins.
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