The Fort Wayne-based online music instruments and audio gear retailer will invest $76.4 million into two new facilities on its 163-acre campus off U.S. 30 in west Fort Wayne. The development of a new warehouse and a new conference center will allow the company to add 1,009 new jobs over the next five years. Sweetwater founder and president Chuck Surack, Indiana Gov. Eric Holcomb, Fort Wayne Mayor Tom Henry and others gathered Tuesday on the Sweetwater campus to announce the development plans. "This new warehouse facility will accommodate the tremendous growth we've experienced recently," said Chuck Surack, founder and president of Sweetwater. "Our sales continue to increase each and every year, which means we need more room to be able to serve our customers in the way to which they're accustomed. We are delighted to be able to continue to expand in Fort Wayne, where it all started." Click read more below for additional detail.
Parcel shipping volume is to grow annually at 5% to 7% between now and 2018, for a total increase of 20%, with the biggest gains coming in cross-border shipping, according to a new study from Pitney Bowes.
The 2016 Parcel Shipping Index looked at B2B, B2C, C2B and consumer-consigned shipments weighing up to 70 lbs. in 12 major markets (U.S., Canada, Brazil, Germany, France, Italy, Norway, Sweden, Japan, Australia and India).
“With the growth we’ve witnessed over the last several years in ecommerce, it is no surprise the global parcel shipping market continues to expand at a strong pace,” said Lila Snyder, President of Global Ecommerce for Pitney Bowes. “That growth in parcel shipping is having a profound effect on businesses. Increased demand has led to greater service options from an expanding number of global, national and regional carriers. However, managing multiple carriers and shipping goods across borders also creates new challenges and raises complexity.”
As ecommerce is growing at about 15% per year compared to 5%-7% for global parcel volume, Snyder said she expects the share of parcels being generated by ecommerce to increase. “This highlights the challenges retailers face, including the complexity of managing the seasonality of volume and continued pressure on the shipping market,” she said.
In the Pitney Bowes survey, 42% of respondents said they experienced some type of issue last holiday season, such as the wrong item in a box, a bad tracking number, a late arrival or a no show. For the U.S., the figure was somewhat better, at 33%.
more at: http://multichannelmerchant.com/news/global-parcel-shipping-projected-grow-20-2018-29112016/