RISING COSTS: USPS & PACKAGING SUPPLIERS
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Nice Partners,
We’re reaching out to share some important updates regarding rising USPS shipping and packaging costs from our vendors.
While these increases are relatively small compared to other recent industry price increases, we wanted to keep you informed on how this impacts your operations and margins.
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As of July 1st and July 14th, USPS has implemented rate increases across all mail services. These adjustments are part of their regular pricing updates and reflect the rising operational costs the postal service faces.
Our team continues to negotiate with USPS and other carriers to make rate increases like this have as little impact to you as possible
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Expect to see a 2-8% average increase in shipping costs through USPS, dependent on service type. We are monitoring this change and assessing its impact.
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📦 Industry-Wide Corrugated Price Increases
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Starting September 1st, the cost of corrugated boxes and other products made from linerboard will increase industry-wide.
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Linerboard products includes one or two outer flat sheets of linerboard and an inner piece of "corrugated" paper with waves, ridges, grooves, channels, furrows, or an alternate structure
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This increase will affect all packaging vendors due to recent actions by major companies in the North American corrugated market facing inflationary pressures around manufacturing and shipping.
These companies, which control every part of the corrugated supply chain —from forests and pulp mills to paper plants, corrugators, and box plants —include International Paper, Georgia Pacific, PCA, Westrock, and Pratt.
Our packaging broker, Veritiv, is vendor-neutral and is working to mitigate these increases to ensure we are getting the best possible prices.
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Anticipate an 8-10% increase on all shipping boxes starting October 1st. If you order your own branded packaging and need to restock, do so as soon as possible to secure a lower rate.
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Inflation updates are never ideal, and while our team cannot control third-party price increases,we are consistently looking for efficient and cost-saving measures to keep your impact as low as
possible. As always, if you have any questions or concerns, your Account Manager is happy to connect with you.
Grateful to be your fulfillment partner,
Maddy Moyer, VP of Account Services
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