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How to reduce shipping costs when importing from China
Last updated on October 31, 2024 by Ben ThompsonImporters often struggle to keep shipping costs low when importing from China. Rising expenses can squeeze profits and reduce competitiveness. Without a clear plan, small costs quickly add up, cutting into profit margins. Every choice counts, from shipping methods to choosing the right partners. This article covers practical strategies to reduce shipping costs. You'll learn…
What are Shipping Container Numbers?
Last updated on October 21, 2024 by Ben ThompsonShipping containers are key in global trade. They help move vast amounts of cargo across oceans daily. More than 80% of the world’s goods are transported by sea, with containers handling the majority. There are millions of containers in circulation today, each identified by a unique number. These numbers tell you who owns the container…
Protectionism in Global Trade
Last updated on October 18, 2024 by Ben ThompsonProtectionism is a term often associated with international trade, and it's a critical topic because of its impact on how countries interact economically. Governments sometimes adopt protectionist policies to shield their domestic industries from foreign competition. These policies can significantly affect a nation's economy, influencing prices, job availability, and the overall trade landscape. In this…
Container Seal Numbers Explained: Security and Compliance
Last updated on October 16, 2024 by Ben ThompsonDuring the global supply chain process, container seals and their unique container seal numbers are used to ensure the integrity of a shipment, and to identify if a container has been tampered with during transit. Container seals are placed onto shipping containers before shipment, and should remain intact until the container reaches it’s final destination.…
What is Comparative Advantage?
Last updated on October 14, 2024 by Ben ThompsonComparative advantage is a concept in economics. It explains how some countries can produce goods and services at a lower cost than others. This cost is measured by what is given up to make the product. Even if one country is better at making everything, it can still benefit by focusing on what it does…
General Rate Increases (GRI) in Shipping
Last updated on October 12, 2024 by Ben ThompsonA General Rate Increase (GRI) is when shipping companies raise base rates due to rising costs like fuel and labor. It affects importers and exporters, making shipping more expensive. Businesses can reduce the impact by tracking GRI announcements, negotiating contracts, and adjusting shipment volumes.
Customs Trade Partnership Against Terrorism (CTPAT) Certification Explained
Last updated on October 10, 2024 by Ben ThompsonThe Customs Trade Partnership Against Terrorism (CTPAT) is a voluntary program by U.S. Customs and Border Protection that strengthens global supply chain security. Learn about its benefits, certification requirements, and how it compares with other global trade programs like AEO and PIP.
Amazon FBA Shipping
Last updated on October 2, 2024 by Ben ThompsonIf you’re selling on Amazon FBA, mastering shipping is key. Learn to pick the right products, pack them correctly, and choose the best shipping options. This guide helps you streamline your process, cut costs, and avoid common mistakes.
Demurrage vs Detention in Supply Chain Logistics
Last updated on October 1, 2024 by Ben ThompsonDemurrage and detention fees can disrupt the supply chain and add extra costs. Demurrage happens when cargo sits too long at the port. Detention fees kick in when empty containers are returned late. Understanding these fees and planning ahead can help you avoid delays and keep costs down.
3PL (Third-Party Logistics): What They Are, What They Do, and Why Use One
Last updated on September 25, 2024 by Ben ThompsonDiscover the benefits of 3PL (Third-Party Logistics) in streamlining your business operations. Learn how outsourcing logistics tasks like inventory management, warehousing, and shipping to a 3PL provider can save costs, boost efficiency, and support business growth. Find out if a 3PL is the right solution for you!
How to reduce shipping costs when importing from China
Last updated on October 31, 2024 by Ben ThompsonImporters often struggle to keep shipping costs low when importing from China. Rising expenses can squeeze profits and reduce competitiveness. Without a clear plan, small costs quickly add up, cutting into profit margins. Every choice counts, from shipping methods to choosing the right partners. This article covers practical strategies to reduce shipping costs. You’ll learn […] Read More »
What are Shipping Container Numbers?
Last updated on October 21, 2024 by Ben ThompsonShipping containers are key in global trade. They help move vast amounts of cargo across oceans daily. More than 80% of the world’s goods are transported by sea, with containers handling the majority. There are millions of containers in circulation today, each identified by a unique number. These numbers tell you who owns the container […] Read More »
Protectionism in Global Trade
Last updated on October 18, 2024 by Ben ThompsonProtectionism is a term often associated with international trade, and it’s a critical topic because of its impact on how countries interact economically. Governments sometimes adopt protectionist policies to shield their domestic industries from foreign competition. These policies can significantly affect a nation’s economy, influencing prices, job availability, and the overall trade landscape. In this […] Read More »
Container Seal Numbers Explained: Security and Compliance
Last updated on October 16, 2024 by Ben ThompsonDuring the global supply chain process, container seals and their unique container seal numbers are used to ensure the integrity of a shipment, and to identify if a container has been tampered with during transit. Container seals are placed onto shipping containers before shipment, and should remain intact until the container reaches it’s final destination. In international trade, container seals are essential for both security and compliance with customs regulations. They provide shippers, customs authorities, and consignees with peace of mind that the goods have not been tampered with while in transit. Read More »
What is Comparative Advantage?
Last updated on October 14, 2024 by Ben ThompsonComparative advantage is a concept in economics. It explains how some countries can produce goods and services at a lower cost than others. This cost is measured by what is given up to make the product. Even if one country is better at making everything, it can still benefit by focusing on what it does […] Read More »
General Rate Increases (GRI) in Shipping
Last updated on October 12, 2024 by Ben ThompsonA General Rate Increase (GRI) is when shipping companies raise base rates due to rising costs like fuel and labor. It affects importers and exporters, making shipping more expensive. Businesses can reduce the impact by tracking GRI announcements, negotiating contracts, and adjusting shipment volumes. Read More »
Customs Trade Partnership Against Terrorism (CTPAT) Certification Explained
Last updated on October 10, 2024 by Ben ThompsonThe Customs Trade Partnership Against Terrorism (CTPAT) is a voluntary program by U.S. Customs and Border Protection that strengthens global supply chain security. Learn about its benefits, certification requirements, and how it compares with other global trade programs like AEO and PIP. Read More »
Amazon FBA Shipping
Last updated on October 2, 2024 by Ben ThompsonIf you’re selling on Amazon FBA, mastering shipping is key. Learn to pick the right products, pack them correctly, and choose the best shipping options. This guide helps you streamline your process, cut costs, and avoid common mistakes. Read More »
Demurrage vs Detention in Supply Chain Logistics
Last updated on October 1, 2024 by Ben ThompsonDemurrage and detention fees can disrupt the supply chain and add extra costs. Demurrage happens when cargo sits too long at the port. Detention fees kick in when empty containers are returned late. Understanding these fees and planning ahead can help you avoid delays and keep costs down. Read More »
3PL (Third-Party Logistics): What They Are, What They Do, and Why Use One
Last updated on September 25, 2024 by Ben ThompsonDiscover the benefits of 3PL (Third-Party Logistics) in streamlining your business operations. Learn how outsourcing logistics tasks like inventory management, warehousing, and shipping to a 3PL provider can save costs, boost efficiency, and support business growth. Find out if a 3PL is the right solution for you! Read More »