Episode 47 - 1-Day Shipping: What Is All The Fuss About?

INTERVIEW WITH MICHAEL KRAKARIS FROM DELIVERR

 

DESCRIPTION

Michael Krakaris is back! He is one of Forbes’ 30 Under 30 and the co-founder of Deliverr, a company that provides fast and affordable fulfillment for your eBay, Walmart, and Shopify stores. And this time Michael joined us on the podcast to discuss all about 1-day shipping. 

Recently, there have been a lot of reports and announcements about this topic and although this is great news for consumers, it has caused some concern, mainly for small and medium-sized businesses, who feel that they will ultimately end up footing the bill for the faster, free shipping. 

In today's episode, Michael talks to Kiri about where the notion of one-day shipping comes from, what one-day shipping looks like, and why these platforms felt that one-day shipping was necessary. Michael also shares his outlook on what he thinks branded manufacturers are going to need to do in order to adapt to this. Tune in now, to find out more!

One-day shipping is a huge challenge from a data-modeling standpoint - understanding how fast things move and how they can move from one zip code to the next within one day.
— Michael Krakaris

KEY TAKEAWAYS

  • Michael talks about why one-day shipping is becoming more popular.

  • E-commerce is a lot more convenient than physical commerce.

  • The vision for e-commerce is the ability to buy anything, anywhere, and get it delivered whenever you want. And the goal is to deliver as fast as possible.

  • One-day shipping has already been available for thousands of items in a number of urban centers, for the past year or so.

  • One-day shipping is a concept that has been rigorously tested.

  • Michael sees the one-day shipping component available for two or three years, and then ultimately moving on to same-day delivery.

  • Michael explains who is actually paying for this faster delivery.

  • One-day shipping is realistic for items that sell quickly.

  • Michael explains why one-day shipping is such a huge challenge from a data-modeling standpoint.

  • There will be an increase in cost for items that don't move very fast, or alternatively, the one-day delivery coverage could be limited to just a few of the major metros.

  • Michael gives his feedback on some of the comments that Kiri got from the post that she wrote, called “How Merchants Are Responding To Amazon and Walmart's One-day Shipping War”.

  • Michael explains what the necessary seller requirements are, in order for them to be eligible to work with Deliverr.

MENTIONED IN THIS EPISODE