Rising logistics costs are a growing concern for businesses across the globe. Fortunately, there are some measures you can take to keep shipping expenses under control without sacrificing the quality of service you receive. Below is your step-by-step budgeting guide to lowering your logistics and transportation costs.
Supply Chain News
Hiring the right freight forwarder is a proven way to increase profit margin and boost customer satisfaction. But with over 87,000 freight forwarders in the United States, the prospect of finding the best fit for your business can seem like an overwhelming task. The key to separating the best from the rest is to look for a provider who possesses a collection of key attributes. These attributes are revealed below in our 10-minute guide to hiring the right ocean and air freight forwarding partner.
Freight delays, port congestion, and capacity shortages continue as renewed consumer demand overwhelms and disrupts supply chains impacting B2B and B2C markets around the world. The COVID-19 pandemic hit the entire freight shipping lifecycle hard. Despite transportation growth rate edging 5 percent, shippers are rethinking contracts, looking several quarters down the road, wondering how to hedge their bets against unpredictable demand.
In many cases, importers and exporters can save significant amounts of money by utilizing the Foreign Trade Zone (FTZ) program. Originally created in the 1930s, the purpose of the FTZ is to help improve the competitiveness of United States businesses on the global market by reducing costs from taxes and tariffs and customs duties and decreasing burdensome regulations.
As a supply chain manager or logistics professional, you know how vital it is to find a dependable transportation provider to handle your large shipments. But even if you find a great transportation company, your efforts might be in vain if the items you ship are not properly packaged or crated. Below is a look at the importance of custom crating and the key reasons why you need expert crating solutions to protect your shipments.
With one of the most extensive and experienced customs clearance operations in the logistics industry, our goal is to provide our customers with a smooth and hassle-free experience when moving cargo from country to country.
In 2020, Mexico became the leading trade partner for the United States for the first time in history. While the trading relationship between the U.S. and Mexico has always been fruitful, the recent increase in trade growth is impressive, with Mexico surpassing China and Canada to occupy the top trading spot.
Importers, you will want to be aware of the new aluminum license requirements going into effect on June 28th, 2021.
Most consumers are unaware of the incredible logistics that go into moving high-value freight by truck across this country. They shop at places like the Apple Store and purchase gasoline at the pump, but they rarely stop to wonder about the infrastructure that makes these modern miracles possible. For instance, when shipping electronics and computer parts across the country by truck, you need to attend to dozens of details, from precisely managing humidity and temperature levels to protecting cargo from theft. When moving oversized oil and gas pipeline components, meanwhile, you may have to map out your route in great detail to make sure your truck can haul the load safely on the road. Delays and inefficiencies can cost companies thousands of dollars. Packing and shipping errors can cause accidents.
The U.S. – Mexico – Canada Trade Agreement (USMCA) will replace NAFTA entering into force on July 01, 2020.