Price-comparison sites, information asymmetries and the logistics industry

Lorry road sunset

It is estimated that up to 10% of the UK’s output will be undertaken through the “internet economy” in 2012, with the UK described as the world’s leading e-commerce economy.

myHermes, for example, has experienced 162.9% year-on-year growth since 2010 alone, with a record 62,644 parcels going through our books in the first week of December last year.

The internet and e-commerce has changed the way almost every company does business.

Information has become much easier to access and the information asymmetry which existed earlier and benefited a few companies, while harming others, has been eliminated to a large extent.

For example, it has now become easy for even a small company with limited resources to look for cost-cutting and money-saving tips or find out where it can review and buy its services at the cheapest rates, further enabling the preservation of crucial profit margins.

This reinforces the growing importance of the logistics industry for both businesses and consumers. 

It’s tools like these which have emerged as a result of marketplace demand that are now available to businesses of all sizes as a quick and easy way to cut costs

As we might expect, with the level of volume involved, there are existing comparison tools for courier services.

Ironically, however, there are few tools designed to deal explicitly with volume. A new tool on the market called the ParcelChecker is really useful in this regard. 

Targeting small business, eBay powerseller and Amazon marketplace sellers, who ship parcels regularly, ParcelChecker is a price comparison tool that allows users to set a parcel weight and quantity to establish which shipping company offers the cheapest rates and the biggest savings. It identifies suitable couriers based on price and delivery time.

It’s tools like these which have emerged as a result of marketplace demand that are now available to businesses of all sizes as a quick and easy way to cut costs.

I believe that the future of all business is in its competitive capabilities. We welcome being featured on initiatives like the ParcelChecker tool as these like-for-like comparisons demonstrate exactly that.

 

3 comments about this article

comment by Robert
I personally prefer the great new pricing tool at <a href="http://www.parcelpricechecker.com." rel="nofollow">http://www.parcelpricechecker.com.</a> It seems more user friendly somehow!
comment by Robert
I personally prefer the great new pricing tool at <a href="http://www.parcelpricechecker.com." rel="nofollow">http://www.parcelpricechecker.com.</a> It seems more user friendly somehow!
comment by Robert
I personally prefer the great new pricing tool at <a href="http://www.parcelpricechecker.com." rel="nofollow">http://www.parcelpricechecker.com.</a> It seems more user friendly somehow!

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