Switching from 2nd Day to Overnight Shipping to Generate Savings
At face value, overnight shipping is more costly than two-day shipping. But thanks to an analysis of the total cost, Merck was able to save money by switching to the faster shipping option for some products.
When you handle a large volume of product, making a small change can have a big impact—that was the underlying lesson of a presentation by Michael English, Associate Director, Engineering, Merck, at IQPC’s 14th Cold Chain – GDP & Temperature Management Logistics Global Forum in Boston. English presented a case study that demonstrated how Merck generated $2 million in savings by switching from second-day to overnight shipping.
Source: Logistics for the Life Sciences