Definition: Freight insurance, also known as cargo insurance, is a specialized type of insurance coverage that provides protection for goods and commodities during transit, whether by road, rail, sea, or air. It safeguards against potential financial losses resulting from various risks, including damage, theft, loss, or destruction of the cargo. Freight insurance is an essential…
Introduction Shipment visibility is the ability to track and monitor the movement and status of goods and materials as they move through the supply chain, from the point of origin to the destination. It provides businesses with real-time information on the location, status, and condition of their shipments, which can help them to improve efficiency,…
Definition: Freight forwarding is a multifaceted and essential service within the global logistics and supply chain industry. It encompasses a wide range of activities related to the transportation of goods, bridging the gap between shippers (individuals or businesses) and various transportation providers, such as ocean carriers, air freight companies, trucking companies, and rail operators. Freight…
Definition: Dropshipping is a dynamic and innovative retail fulfillment method that has revolutionized the way e-commerce businesses operate. In this model, an online retailer refrains from maintaining its own inventory of products. Instead, it partners with third-party suppliers, often wholesalers or manufacturers, who are responsible for directly shipping products to the retailer’s customers. Essentially, the…
In the complex world of international trade and supply chain management, various Incoterms play a crucial role in defining the responsibilities and costs between buyers and sellers. One such Incoterm is Carriage Paid To (CPT), which outlines the terms of transportation, delivery, and risk transfer in a transaction. What is Carriage Paid To (CPT) ?…
In the world of logistics and supply chain management, one often overlooked yet critical link in this chain is “drayage.” Drayage plays a pivotal role in bridging the gap between ports, railroads, warehouses, and distribution centers, ultimately ensuring the seamless flow of goods across the supply chain. What is dryage? At its core, drayage refers…
Settled along the scenic shores of the Columbia and Willamette Rivers, the Port of Portland stands as a shining example of how a maritime gateway can balance economic growth with environmental stewardship. With its strategic location and commitment to sustainability, the port has become a vital driver of regional and national economies. In this blog,…
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In today’s interconnected global economy, establishing a resilient and diversified supply chain network has become imperative for businesses to navigate uncertainties and disruptions successfully. The COVID-19 pandemic has vividly illustrated the vulnerabilities and risks inherent in traditional supply chain models, necessitating a strategic shift toward resilience. A recent survey conducted by Gartner revealed that only…
In a fast-paced world where commerce knows no boundaries, the smooth and timely movement of goods has become paramount for businesses to thrive. Whether it’s shipping raw materials from suppliers or delivering finished products to customers, effective freight management lies at the heart of any successful supply chain. This is where freight CRM software swoops…
Global port congestion in Q2 2023 had improved significantly from its peak in Q4 2021, but it is still far from normal. The main factors that have contributed to the improvement are the easing of COVID-19 restrictions, the return of some ships to service after being idled during the pandemic, and the deployment of new…