Cost of Revenue Trends: UPS vs Avery Dennison

In the ever-evolving landscape of logistics and manufacturing, understanding cost dynamics is crucial. Over the past decade, United Parcel Service, Inc. (UPS) and Avery Dennison Corporation have showcased distinct trends in their cost of revenue. From 2014 to 2023, UPS's cost of revenue surged by approximately 130%, peaking in 2022. This reflects the company's expansive growth and adaptation to increasing global demand. Meanwhile, Avery Dennison's cost of revenue grew by about 40% during the same period, indicating steady growth in the labeling and packaging sector.

Key Insights

• UPS: Witnessed a significant rise in costs, particularly between 2016 and 2022, aligning with global e-commerce expansion.
• Avery Dennison: Demonstrated consistent growth, with a notable increase in 2021, likely due to innovations in sustainable packaging.

These trends highlight the strategic shifts and market responses of these industry giants, offering valuable insights for investors and analysts alike.