There have been a lot of technological advancements in the postal service industry over the past decade. The speed at which the industry has improved is pretty impressive, but have the advancements made it cheaper to send parcels?
Here, we’ll look at the cost benefits technology has delivered to the postal service over the years.
Helping you to compare and save money
One of the main technological advancements which have helped save postage costs is the internet. These days, you can log online, find a parcel broker and instantly compare and find the cheapest parcel prices.
Prior to the internet, the only option you had was to telephone the companies one by one to compare prices and services. Not only was this time consuming, but it also boosted the cost of your phone bill too. The fact you can now use a comparison service instantly online has significantly reduced the cost of postage.
Increased competition driving down prices
Another factor which has helped to bring the costs of delivery down is the number of competitors now available within the courier industry. Again, the internet and its advancement have helped with this as it’s now easier and cheaper than ever before to set up a courier service.
The price comparison websites have also forced companies to reduce their costs in order to keep up with or overtake their competitors. There are literally hundreds of courier services available in the UK now, so companies need to ensure they’re offering competitive prices to stay afloat.
Fewer lost/damaged parcel claims
It’s not just cheaper prices which have helped to save on postal costs. Thanks to technology, parcels can now be tracked, sometimes even in real-time. That means both businesses and customers can see exactly where their parcel is at any given time. So, how does this save you money? Well, largely because it reduces the number of parcel claims made against the business.
Before tracking was available, a lot of fraudulent claims could be made without any real way to prove it. Customers could say they didn’t receive a parcel when they actually did, meaning the business would lose money both on the goods and the refund. Now, thanks to tracking, businesses can see if a parcel has been delivered, significantly reducing fraudulent claims.
Overall, advancements in technology have helped to save on postage costs in many ways. It’s likely, as technology continues to advance, the price of sending parcels in the UK will reduce even further. Also, as you save on delivery, you’re also keeping your customers happy, in turn boosting your profits. So, technology hasn’t just reduced the cost of sending parcels, it’s also helped to increase a company’s bottom line too.
