Did you know only 6% of companies report complete visibility of their supply chain, and 69% of companies do not have total visibility? Owing to this opacity, companies are prone to various challenges and disruptions. Supply chain disruptions can cause a massive 62% financial loss. But don’t worry; technology has paved the way for you…
Amazon’s Fulfillment by Amazon (FBA) service allows third-party vendors to store their products in Amazon’s fulfillment centers while Amazon picks, sorts, packs, ships, keep track of, and handles returns and refunds. As an Amazon FBA seller, you are not responsible for the cost of packaging, handling, or shipping your products. You are assessed an FBA…
The global freight forwarding market was about 186 billion USD in 2021 and is predicted to rise at a CAGR of 3.3% until 2028. Supply chain technology breakthroughs are driving this market growth, and one such helpful technology is freight forwarding software. Every freight forwarder is aware of the inevitable digitization of the freight forwarding…
Being routinely informed about the progress of all your foreign shipments is essential to operating your supply chain effectively. In the event of any disturbances, having visibility on shipment containers will enable you to act quickly and wisely. Today, a number of internet applications for sea cargo tracking will allow you to track and trace…
According to the number of domestic TEUs and total tonnage they handled, we will examine the largest sea ports in the USA. This list of seaports in the U.S. ought to provide you with a clear picture of the facilities’ overall capability. The vast majority of global trade takes place above the waves of the…
In the wake of the pandemic’s second year, the world’s supply chain is yet to completely recover from its initial breakdown. Frequent reports of congested ports, misplaced shipping containers, skyrocketing freight charges, and other issues that are disruptive and difficult to resolve have become quite common. The ability to withstand supply chain and market interruptions…
Choosing the right shipping line is one of the most integral and crucial aspects of a supply chain manager’s job. If made correctly, it is one of those decisions that could impact the business positively. If not, the consequences will have a lasting impact. So should you choose a shipping line based on its popularity…
In our series so far, we have covered “what are demurrage charges and how to avoid demurrage charges” besides talking about “new methods to reduce demurrage detention charges”. This article will discuss the number of free days available across all the major sea ports in USA that can be used to avoid paying hefty demurrage…
Your logistics expenditures include a sizeable amount of your shipping demurrage charges. To examine and optimize them, you need a tool. Real-time cargo monitoring gives you the necessary information about the whereabouts of your shipments at any moment, helping you to streamline your cargo and save demurrage costs. We already discussed what are demurrage expenses….
Do you know the average detention charges can reach up to $50-$100 per container per day and accrue up to 20 times the container’s value? But what are these detention charges? When a ship is unloaded, free days are given to the consignee to unload the goods and return the container to the shipping company. If undertaking…