Parcel Pro, a UPS Capital company, has partnered with Manufacturing Jewelers and Suppliers of America to provide MJSA premier members access to technology and insured shipping at a time when e-commerce is causing sales of luxury goods to boom, according to a company news release.
Parcel Pro has provided insured transportation services for the high-value industry for more than 20 years.
Online sales of luxury goods grew 24% in 2017, according to Parcel Pro.
Six out of 10 of the fastest growing luxury websites surveyed were jewelry and watch companies, Parcel Pro said. Jewelry represented 13.4% of the 130 companies’ online sales, according to Parcel Pro.
Additionally, custom jewelry represents 40% of the $10 billion bridal market. With jewelers selling more online goods, the need for reliable, insured transportation is crucial to meeting customer demand, Parcel Pro officials said.
E-commerce retail revenue is expected to top $4.88 trillion by 2021, thus driving the movement of luxury goods, according to Parcel Pro President Manuel Valdez.
Valdez said Parcel Pro’s partnership with MJSA will help meet the needs of their customers whether they are shipping $1 million or $500 million in goods a year.
Torrance, Calif.-based Parcel Pro said it offers secure pickup and delivery in key jewelry markets including New York, Miami, Los Angeles, Chicago and San Francisco. Services include package monitoring and carrier communications to minimize delivery delays and risks, technology resources including web tools for shipping and tracking, and loss and damage protection for commercial shipments valued up to $150,000 in the United States and $100,000 to select countries and territories.
Founded in 1903, MJSA is the U.S. trade alliance of professional jewelry makers, designers and related suppliers with nearly 1,400 member companies.
UPS Inc. is No. 1 on the Transport Topics list of largest for-hire carriers in North America. — Transport Topics