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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

With this fresh in mind, how are small and medium-sized importers preparing for 2024? Let’s take a quick look at the Red Sea situation and then get back to their answers, as shared by over 200 small and midsize importers. Despite this, there’s a wave of optimism for 2024 sweeping across importers and exporters.

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5 Immediate Impacts of the Ocean Shipping Reform Act of 2022

The Logistics & Supply Chain Management Society

exports to war-torn countries. In the last two years, port congestion and volatile fluctuations in freight costs brought about by the pandemic have left America struggling to import and export products within the global markets. demurrage and detention), from the complainant to the international ocean carriers.

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Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains

The Logistics & Supply Chain Management Society

The trade war is now part of the “new normal,” and this has created a global ripple effect. are reporting that they are being inundated with requests from importers seeking to use provisions such as the “321 de minimis” rule, which allows goods worth less than $800 to be shipped to the U.S. FTAs provide various benefits for businesses.

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Supply Chain Department – A Typical Structure

SCMDOJO

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

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The KlearNow Story with Rick Tellez

The Logistics of Logistics

Rick Tellez is the Co-founder of KlearNow, a technology start-up positioned as the go-to digital supply chain solution for businesses that trade across borders. His business acumen was built from a 20-year successful track record of managing operations, engineering and sales positions at DHL. Key Takeaways: The KlearNow Story.

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The Top 5 Cloud Manufacturing Trends For UK SMEs in 2022

Unleashed

If your business is in a related sector such as wholesaling or distribution, these trends will be of interest to you too. Learn more: The right manufacturing inventory software for your business What are the Top 5 cloud trends for manufacturing SMEs in 2022? The short answer is yes.

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How to Calculate Reorder Points with the ROP Formula

ShipBob

Why is the reorder point important? Storing too much inventory eats up your budget in terms of warehousing costs and available capital, but you also need enough inventory to account for unexpected demand or supply problems. Inventory management software will track your inventory and alert you when you reach your SOP.