Expanding the smart package initiative will help UPS strengthen its network efficiency as it seeks to reduce costs in a cooling demand environment. Other examples from the carrier include a “delivery density” pilot program and a plan to reduce the idle time of its feeder trucks.
Link: UPS’ RFID initiative to expand to rest of US network in 2023 | Supply Chain Dive
Everyone looking to cut costs in the face of slack in demand.
If your profitability per piece goes up, it can make up for an overall dip in demand.
As long as that dip doesn’t fall too far.