Up to 5% of shipments are discarded — that’s the industry standard
That's a huge number when you think about 5 percent of your total product value. Moreover, the costs of damaged goods have negative externalities beyond the lost product itself, including remanufacturing costs, redundant shipping costs, quality assurance adjustments, regulatory penalties, administrative burden, customer satisfaction, etc.
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LifeConEx’s going rate of shipments that had claims filed or product lost is less than 0.1%
As you seek to cut nonessential transport costs, does proactive cold chain analysis, design and optimisation come to mind? Partnering with a premium cold chain logistics partner is a practical way to achieve overall cost savings and improve operational efficiencies. How? An optimised cold chain will help you reduce cycle times, lessen internal administrative and quality control efforts and decrease remanufacturing and redundant shipping costs of damaged product.
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