Recent projections show that US e-commerce sales are set to rise by 10.5% in 2024, marking a return to double-digit growth since 2021's 17.3% increase. This upward trend is expected to continue through 2027, with annual growth rates slightly accelerating each year. By 2027, e-commerce penetration is projected to exceed 20% of total US retail sales, meaning over $1 in every $5 spent on retail items will be transacted online. This growth trajectory highlights the increasing importance of e-commerce in the retail landscape.
Point To Point
Recent posts by Point To Point
9 min read
Cargo Insurance Coverage: The Benefits Outweigh The Risks
On March 1, 2022, the Felicity Ace sank in the Atlantic Ocean. Traveling from Germany to the U.S., the ship was carrying thousands of luxury cars from Volkswagen, including Porsches, Lamborghinis, and Bentleys. According to Reuters, without international cargo insurance coverage the financial losses could equal upwards of $155 million.
Topics: International
3 min read
Virco & Averitt: An Enduring Supply Chain Partnership
For over 15 years, the relationship between Averitt and Virco, an American manufacturer and supplier of school furniture and equipment, has continued to thrive and grow. From standard LTL services to dedicated fleet operations, and international forwarding, Averitt helps Virco deliver first-class delivery experience to schools and offices—even through the most challenging of times.
Topics: International
6 min read
Shipping Freight From The U.S. To Canada
The United States and Canada share the longest international border (at 5,525 miles) and the strongest bilateral trade relationship (with nearly $2 billion exchanged every day) of any two countries in the world. In fact, the U.S. is by far the dominant point of origin for goods imported into Canada, with China a distant second. A key reason for that strong relationship is the relative ease of transporting goods from one country to another via truck, which is supported by more than 120 land ports-of-entry lining the border.
Topics: International
3 min read
Why Reverse Logistics Matter to Your Supply Chain Success
The meteoric rise in e-commerce over the last several years has led to unprecedented retail sales. Unfortunately, it has also led to an unprecedented number of returns. It’s estimated that 30% of online orders are returned, as opposed to just under 9% for goods purchased from a brick & mortar retailer. Tracking these aftermarket activities can provide insight into your overall logistics management. Which is why shippers and suppliers alike need a sound reverse logistics plan.
Topics: Retail Freight Handling
5 min read
Transportation Management Systems: Simplify Your Shipping Efforts
The term ‘Transportation Management System’ has become increasingly common in the logistics industry as companies look for ways to remain competitive in a rapidly changing marketplace.
Topics: Freight Handling
5 min read
Cross-Docking: Saving Time & Money For Shippers
When it comes to volume shipments, distribution can become complex. From managing multiple pickup and delivery points across less-than-truckload and truckload operations, finding ways to increase efficiency and reduce overall costs is an achievable goal. Utilizing cross-docking services is a prime example of how shippers can find ways to save time, money, and paperwork.
Topics: Freight Handling
4 min read
Supply Chain Disruptions: When Unexpected Disasters Hit
Supply chain disruptions tend to strike when we least expect them. In many cases, they are often the result of events that are out of our control. From inclement weather to international relations, and even pandemics, on-time freight delivery can never be fully guaranteed. However, planning ahead and communicating with consumers can help shippers and service providers reduce the impact.
6 min read
Yukon Outfitters: Pivoting In A Pandemic
It would be fair to say that Yukon Outfitters has always had a knack for “adaptation.” For proof, you don’t have to look any further than the story of how the company got its start.
