- Last updated on January 31, 2024 by Ben Thompson
Incoterms® Guide to use in 2024 Incoterms® were first published in 1936 and are continually updated over time to reflect the changing global business environment to be continually used in 2024 and beyond. The International Chamber of Commerce ICC published the latest version of Incoterms® 2020. These changes came into effect on the 1st of January 2020 and…
- Last updated on January 29, 2024 by Ben Thompson
Discover how technology revolutionizes shipment tracking in the global supply chain. From digital freight forwarders offering real-time updates to IoT enhancing visibility, managing disruptions with advanced tech, and GPS tracking ensuring timely, safe delivery. Learn more about these game-changing tools.
- Last updated on January 26, 2024 by Ben Thompson
If you’re shipping goods to the USA, you will have to be aware of the Importer Security Filing process so that important information can be transmitted on time.
- Last updated on January 24, 2024 by Ben Thompson
Shipping pallets: essential for transporting and storing goods, they come in various materials like wood, plastic, and metal, each suited for different needs. Standard pallet sizes are crucial in logistics, ensuring efficient space use in trucks and warehouses.
- Last updated on January 22, 2024 by Ben Thompson
In international trade, managing supply chain risks is crucial. It involves understanding risks from sourcing to delivery, including due diligence on suppliers and buyers. Key aspects include cybersecurity, payment terms, shipping methods, and understanding global trade dynamics. Effective risk management and strategic planning are essential for successful global trade, emphasizing the importance of thorough research,…
- Last updated on January 19, 2024 by Ben Thompson
To grow your import business, understand landed costs, profit margins, and operating costs. Create a solid plan for selling products in your market. Calculate landed costs, set profitable selling prices, and consider operating expenses like storage and working capital. Plan sales and marketing strategies, considering market risks and costs. Invest in efficient software to streamline…
- Last updated on January 17, 2024 by Ben Thompson
This alphabet assigns unique code words to each letter, from 'Alpha' for 'A' to 'Zulu' for 'Z', ensuring clarity, especially in noisy environments. It's a simple yet effective method to avoid misunderstandings and is widely used in global logistics, customer service, and international business. Learn the pronunciation and application of each of the 26 code…
- Last updated on January 15, 2024 by Ben Thompson
Discover the essentials of transporting hazardous goods and the crucial role of the International Maritime Organization (IMO) in ensuring safety. This insightful piece dives into the nine classes of dangerous goods, including explosives, gases, and corrosive substances. Learn about the specific handling, labeling, and storage requirements for each class, highlighting the importance of proper management…
- Last updated on June 16, 2022 by Ben Thompson
Simplify & streamline your day-to-day import/export business operations with the best software for exporters 2022.