With the China-U.S. trade dispute and higher tariffs getting a lot of headlines, there’s growing discussion about the many global companies looking for alternatives to China for sourcing manufacturing and materials. Near, or at, the top of the list companies are looking at is Thailand. The country is already benefiting from the dispute and hopes this is a trend that will continue. Thailand is a re...
Today’s supply chains move quickly, and often involve many different pieces from different locations that need to be brought together and delivered on time. This means the freight forwarder you select should be able to pull a lot of different parts together in a way that will optimize processes, reduce costs, and provide consistent service. These tips will help you choose the freight forwarder tha...
Let’s set the record straight about freight. If you don’t handle your freight correctly, it could end up costing your company more than just profits. Customer retention and your reputation also rely heavily on your shipping strategy. Misconception #1: Thinking that freight forwarders have unlimited credit with the carriers they use and can be used like banks is incorrect. Freight forwarders do not...
Choosing a freight forwarder who is reliable, offers competitive rates, and is a good fit for your business is no easy task. With so many freight forwarders in the industry, and so many factors that need to be considered, it can become an undertaking. While what to look for in a freight forwarding company is often talked about, there are a few things that should be avoided as well. Unbelievably Lo...
Definition An Ocean Bill of Lading (OBOL) is a legal document that represents a contract between a shipper and carrier of specified goods. The document acts as a receipt for the load of cargo, and as a legal contract between the shipper and carrier for their transportation. To name this document an Ocean BOL indicates that the goods are being transported overseas. The type, quantity, condition and...
Definition What’s the difference between gross weight and chargeable weight when using airfreight? Those new to global trade and studying their first bill of lading may notice two weights for their shipment – the Gross Weight (GW) and the Chargeable Weight (CW). This applies to shipping via airfreight or ocean freight. The two represent different weights. The Difference Between Gross and Chargeabl...
Peruvian Andean civilization has been producing high-quality cotton for more than 4,500 years. The Peruvian Pima cotton blend is well-recognized as a higher-quality, finer, softer, more durable fibre. Learn about the success stories in Peru’s garment industry. Peru Cotton Production The top cotton producers in the world are China, India, the United States, Pakistan and Brazil. In 2006, the Peruvia...
Asia became a manufacturing leader during the 1960s, when Japan began exporting electronics and other retail merchandise. Twenty years later, South-East Asia became dominated by Japanese-owned manufacturing plants. During those 2 decades South Korea and Taiwan also entered the industry. In 1990, following China’s entry, 26 1/2 percent of worldwide manufacturing was being done in Asia. Thirteen yea...
Free On Board or FOB is a legal term which specifies that the shipper owns the goods while in transit. CIF (Cost, Insurance, and Freight) terms mean that the seller merely assumes responsibility for said goods until they reach the port of destination. DDP (Delivered Duty Paid) refers to the seller paying the duties and taxes of the shipment. These various acronyms are known as INCO terms. Many com...