5 Things to Know Before Negotiating Ocean Shipping Contracts This Year

Talking Logistics

The 2018-19 contract season for ocean shipping is here, and it’s time to think about the best way to approach negotiations. Ocean Shipping Contracts: 5 Factors to Keep in Mind. Still, if you had ocean freight in 2016, the memory of the bankruptcy of the Hanjin shipping line may linger in your mind. After Hanjin filed for bankruptcy protection and its assets were frozen, giant container ships were stranded; ships from China to the U.S.

How international shipping can be improved in today’s global automotive supply chain

The Network Effect

Today I want to discuss international shipping management in the context of the new network platforms. . Visibility and timing once again take center stage related to international shipping.

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U.S./Mexico Shipping Series Part 2: A Presence on Both Sides of The Border

CH Robinson Transportfolio

Mexico Shipping Series Part 2: A Presence on Both Sides of The Border.Transportfolio. Mexico cross-border shipping, I covered some of the key benefits of a door to door service provider. Mexico Shipping Options. Mexico Cross-Border Shipping

5 Things to Know Before Negotiating Ocean Shipping Contracts This Year

CH Robinson Transportfolio

5 Things to Know Before Negotiating Ocean Shipping Contracts This Year | Transportfolio. The 2018-19 contract season for ocean shipping is here, and it’s time to think about the best way to approach negotiations. Global Forwarding Global Transportation Ocean Carriers Ocean Shipping

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U.S./Mexico Shipping Series Part 1: Door to Door Service Providers

CH Robinson Transportfolio

Mexico Shipping Series Part 1: Door to Door Service Providers.Transportfolio. Mexico cross-border shipping. When shipping across the U.S./Mexico Mexico Shipping Options. Mexico Shipping Series Part 1: Door to Door Service Providers appeared first on Transportfolio.

Cross-Border E-Commerce: Growing Fast, But Still a Messy Reality

Talking Logistics

It’s part of the reason why Descartes acquired ShipRush last year, a provider of e-commerce multi-carrier parcel shipping solutions. Global Trade Retail Supply Chain & Logistics Trends Transportation Management Systems cross-border e-commerce customs compliance Descartes Systems Group e-commerce parcel shipping Pitney Bowes ShipRush UPS

8-Step Importing Guide For First Timers

EMERGE App

Here, landed cost includes the original price of the product, transport fees, customs, duties, taxes , insurance, currency conversion and handling fees. These samples and their shipping will cost you. During dispatch and packing to ensure the right goods and quantity are shipped out.

Global Shipping Trends: What to Expect in 2018

CH Robinson Transportfolio

Overall, 2017 has been a good year for the ocean shipping industry. It’s a big switch from 2016, when the bankruptcy of Hanjin, one of the largest container shipping providers, forced everyone to confront how volatile this industry really is.

7 Avoidable Data Errors in Your Supply Chain Data

Kinaxis

Currency. You’ll need currency conversions at sales points, but you’ll also benefit from accurate currency conversions at your assessment and planning levels. For example, tracking revenue in each location’s currency helps you to assess those values within that market context.

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8-Step Importing Guide For First Timers

EMERGE App

Here, landed cost includes the original price of the product, transport fees, customs, duties, taxes , insurance, currency conversion and handling fees. These samples and their shipping will cost you. During dispatch and packing to ensure the right goods and quantity are shipped out.

Lost in Translation-Incorporating Consumer Demand into your Supply Chain

The Network Effect

A few years ago, a news report came out of China stating that they were going to put an end to pegging the renminbi (China’s domestic currency) against the U.S. This was a long awaited announcement that completely shocked the global currency markets sparking massive trades out of the U.S.

A Blockchain Primer for Logistics and Supply Chain

Techgistics

Bitcoin is a digital currency that enables peer-to-peer instant borderless transfers of value, verifiable by anyone on a distributed public ledger, without the need for intermediaries (like a bank or Western Union). These tokens can then be converted to their currency of choice once rewarded.

Top Ocean Carriers

The Logistics of Logistics

The article also provides the number of ships and the latest news on each company. Pricing will vary depending on many factors including destination, service fees charged by the port, season and currency. Given all the variables, shippers might be well served by hiring a 3PL (like the one I manage) to help them with their ocean shipping. China Shipping – www.chinashippingna.com. Mediterranean Shipping Company SA (MSC) – www.mscgva.ch.

13 Reasons Why (Wholesale) Small Business Fail

EMERGE App

When you have purchase orders from customers flooding in and you’re shipping out your products at high volume, and together with the lack of labor to process all your paperwork, it’s really easy to miss invoicing a few purchase orders or two that you shipped out.

International Ecommerce Selling: 6 Factors to Consider Before You Get Started

ShipBob

As long as your international shipping strategy is set up to ensure you’re profitable and keep logistics costs down, there’s a lot of unmet potential in expanding across the globe. . On the other hand, even if your product can legally ship to a country, it doesn’t mean it will be cheap.

This Week in Logistics News (October 26-30, 2015)

Talking Logistics

Wal-Mart Won’t Promote Free-Shipping Deals Over Holidays (WSJ – sub. Perhaps that is why Walmart is going against the grain and offering free shipping only to online orders that exceed $50. 25, it will bring back free shipping and returns.

Moving Forward with Blockchain in the Supply Chain

Talking Logistics

The digital currency called Bitcoin has been in the news recently as its value has skyrocketed to over $6,500 per coin, with speculators pouring money into exchanges hoping to make an easy profit.

Landed Cost – Landed Cost Formula + Calculators

EMERGE App

Landed cost is the total expenditure involved in buying a product and shipping charges for importing it to your warehouse. Product cost. + Shipping : Costs associated with crating, packing, handling, and freight.

How to Become a Better Exporter in 6 Steps

EMERGE App

So, as a busy exporter, you’re either shipping your Made in USA goods outside of the States or count American buyers among your biggest customers outside of your country. Assess Shipping Costs and Avoid Customs Delays. Accurate Calculation of Shipping Costs. Introduction.

What Is the Future of and Trends in E-Commerce Logistics?

Cerasis

This would include the use of digital payment methods and currencies. Shippers Streamline Shipping, Eliminating Middlemen.

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5 Ways To Improve Your Import-Export Business Now

EMERGE App

Manage Multiple Currencies. It’s a given that you’re dealing in multiple currencies in your import-export business. It’s possible but very challenging to deal with different currencies if you’re still using paper or spreadsheets in your business.

The Messy Reality of Cross-Border E-commerce (Thoughts on UPS Acquiring i-parcel)

Talking Logistics

The i-parcel platform supports merchant’s websites with a local language welcome mat, fraud protection, fully-landed total prices (including customs duties and taxes) in local currency and numerous value enhancing features.

Blockchain and Supply Chain Analytics: Impact of Small to Large Supply Chains

Cerasis

This is an essential step in taking advantage of blockchain technologies, especially cryptocurrencies, which some consumers and supply chain partners will be using within the next few years as a primary currency.

Supply Chain: Learning How to Dance

Supply Chain Shaman

Their world view is currency-based planning at a brand level while supply chain planning is volume-based at an item/location level. (As As companies become more mature, the definition of location changes moving from a ship-from location to a ship-to-location to be more customer-centric.).

How To 249

This Week in Logistics News (March 21-25, 2016)

Talking Logistics

One of my predictions for 2016 was that cross-border e-commerce would become the next frontier for shipping and logistics growth. A drop in the price of crude oil in 2015 played a key role in the large declines in the dollar value of goods shipped by vessel and pipeline.

Improving Global Freight Process Management

Talking Logistics

There are many reasons for this including a multitude of additional service providers, currency and language conversions, import and export compliance restrictions, a lack of supply chain data, and the confusing nature of working with and managing disparate technology systems across various global locations. It is a challenge to access and understand the various languages, city naming conventions, and currencies used by various vendors.

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What Today's Market Tumble Means for Your Supply Chain

Elementum

Other developing economies are expected to devalue their currency, meaning that the dollar will strengthen. Consider your existing production locations and the changes in pricing, and whether it would make sense to shift your production towards devalued currencies. Currency devaluation allows manufacturers to tap into deeper markets. Consider changes in shipping costs: with the falling price of oil, can you afford to ship products further if you save money on production?

China 101

This Week in Logistics News (May 4-8, 2015)

Talking Logistics

Growing Shipping Alliances Are Straining Major U.S. As this technology continues to become more mainstream, UPS has the ability to scale the shipping and logistics solutions to meet the additive manufacturing services provided by CloudDDM.”. Ever get a song stuck in your head?

SalesWarp Reveals its New Series 4 with Version 4.1

Saleswarp

Whether you are shipping from one location or multiple locations worldwide, delivery invoices will make fulfillment and customer service a snap for retailers and B2B businesses alike. Avoid overselling and overpaying on shipping costs.

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Recommendations for Managing Supply Chain Risks and Challenges

Unleashed

You rely on sourcing from a low-cost country — sure they’re cheap but you may be risking currency volatility, corrupt governments, unexpected shipping fees and more. Globalisation means that our supply chains are more entwined and complex than ever.

31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

Cerasis

Natural gas and oil expenses contribute to extreme cost disparities in shipping from Asia to the U.S., for example, compared to shipping state-to-state. Currency exchange issues are reduced. This is the first post in a two part series on our update on Reshoring.

Toyota and USPS See Opportunities for Blockchain Technology in Supply Chain Management

Talking Logistics

Furthermore, payment processing could be integrated directly into the shipping process — and paying in a digital currency would lower costs for online merchants and facilitate e-commerce while also allowing people without bank accounts to participate.

Five Common Customs Pitfalls — and How to Avoid Them

Talking Logistics

Moreover, depending on the country, action can be enforced for up to three to ten years after the item has been shipped.

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Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

There are two sides of a bitcoin: a cryptocurrency that enables anonymous individuals to facilitate transactions using a decentralized digital currency without a middleman (such as a bank or credit card company). [1] Christopher Tang.

Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

There are two sides of a bitcoin: a cryptocurrency that enables anonymous individuals to facilitate transactions using a decentralized digital currency without a middleman (such as a bank or credit card company). [1] Christopher Tang.