Commercial Documents Required for Customs Clearance

20Cube Logistics

Every country has their own laws as outlined by the government and the shipping companies as well as freight forwarders should be aware of it and keep a tab on the new laws related to customs so as not to skip any mandatory document while in international trade. Port trust document.

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Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions. in this case, responsible sourcing. Source Smarter. Source: Purina. Source: Nestlé. procurement #sourcing #purchasing.

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Improving Global Freight Process Management

Talking Logistics

Many companies operating in the United States have achieved an inclusive look into their transportation spend, but unfortunately many companies that do business on a global level have struggled to achieve full freight process management. State-of-the-art transportation management systems (TMS) certainly help with planning and execution, but advanced freight audit and payment processes are also vital toward obtaining complete process management results.

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LTL to Intermodal Shipping: How to Find and Eliminate Freight Spend Black Swans

Cerasis

For freight, managing black swan events, like risk mitigation , means finding problems that are on the verge of causing disruption and taking advantage of resources to minimize their impact. Shippers need to know why freight black swans are increasing, how using LTL to intermodal shipping options can reduce their incidence, and a few best practices to keep the use of intermodal from becoming a black swan itself. Understand freight classes and bands. Freight LTL

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. And the place to source for most, if not all, of your products is in China. This blog post doesn’t aim to be the ultimate guide to sourcing goods from China. I like to start with a broad-based search at Alibaba and Global Sources. Introduction.

Guest Viewpoint: What’s Driving Freight Costs Higher?

The Logistics of Logistics

<strong><em>If you think the price of fuel is the only element driving freight costs higher – </em><em>Think again! </em></strong> Introduction. The latest Master of Logistics 20 th Annual Study of Transportation and Trends Study reports that in 2011 the highest percent of transportation costs was ground freight at 76.1%, of which US long haul trucking holds a major position at 64.4%. Ground freight was then followed by 8.7%

Blockchain in freight forwarding – Is it the next big thing?

20Cube Logistics

Well, with so much complexity, one would certainly require a reliable and transparent source to carry such enormous data and activities. How will blockchain impact freight forwarding? Each time cargo is shipped, the transaction is documented, creating a permanent history of the shipment from order to delivery. 20Cube Logistics is a global freight forwarding, Customs clearance, and warehousing service provider.

CFO Beating You Up Over Rising Freight Costs? Hit Back with a TMS

Talking Logistics

Freight spend is up 15% year over year and it is eating into the bottom line! Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. On the other end of the line, the exasperated head of transportation responds, “Listen, my team now spends eighty percent of each day scouring the spot market just to get all of our freight covered!

7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products. The 7 Core Competencies for Optimal Global Transportation and Freight Spend Management. Automated Freight RFQ (Request for Quote) and Contract Management.

No Crystal Ball Required: The Future of Freight Forwarding

BluJay Solutions

Recently Kewill worked with Transport Intelligence to examine the state of the global freight forwarding industry. The resulting report, “ The Future of Logistics – What Does the Future Hold for Freight Forwarders? As such, the importance of technology to freight forwarders cannot be overstated. Our report looks at the challenges freight forwarders face in overcoming these deep-rooted issues. Lower costs by automating processes, reporting and documentation.

Current State of International Transportation Industry – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

Our vision at TRAMES, is to reduce global trade barriers through digitalizing international freight and transportation. emails, text, physical documents) has resulted in delays and potentially inaccurate or misconstrued information. c) Digital Freight Forwarders.

CFO Beating You Up Over Rising Freight Costs? Hit Back with a TMS

Supply Chain Collaborator

Freight spend is up 15% year over year and it is eating into the bottom line! Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. On the other end of the line, the exasperated head of transportation responds, “Listen, my team now spends eighty percent of each day scouring the spot market just to get all of our freight covered!

Guest Blog: 13 things you need to know about freight forwarding

NC State SCRC

He shares some interesting information about freight forwarding, that anyone in logistics should be aware of. Freight forwarding is one of the most widely used methods of international transport for both business and personal use. Freight forwarding companies, like the International Logistics Centre, coordinate the shipment of goods from one destination to another using a range of carriers, including air freight , ocean freight , road fright and, in some cases, railway freight.

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7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products. The 7 Core Competencies for Optimal Global Transportation and Freight Spend Management. Automated Freight RFQ (Request for Quote) and Contract Management.

The Great Maersk Shift

Freightos

The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Demand for ocean freight was lower than anticipated, and Hanjin Shipping, another top ten ocean liner, was already teetering on the verge of bankruptcy.

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Is The Freight Industry Ready For SOLAS?

Freightos

Is The Freight Industry Ready For SOLAS? In the run up to the July 1, 2016 requirement that there must now be a verification of the gross mass of packed containers, Freightos research has determined that only one third (36%) of FCL freight quotes are still being saved with a weight. By and large, logistics providers and shippers currently avoid getting accurate weights for FCL freight shipments. ” READY FOR DIGITISED FREIGHT? Freight Insights General News

4 Long Term Ways to Save with Less Than Truckload Freight Shipping

Cerasis

So, your organization has decided to explore the benefits and perks of less than truckload freight shipping. The dedicated TMS can further eliminate the frustrations that occur with typical full-truckload (FT) shipments and small package freight by combining all KPIs and available options into a single, comprehensive tool. Overall Costs of Less Than Truckload Freight Shipping. Few shipping processes can be more complicated than managing Less than truckload freight shipping.

From Exports to Delivery: Simplifying PPE Shipping

CH Robinson Transportfolio

Over the past several months, China has been the main source for PPE. So, it’s important you’re up to date on the latest regulations to avoid your freight being held up. Policy 53 increases CIQ inspection on all PPE products, labels, packaging, and documentation. Metered freight solutions. In this environment, we’re seeing companies turn to air freight to move their personal protective equipment quickly.

Introducing the Freightos Marketplace

Freightos

This tremendous growth was driven by freight shipping, which scaled in size but didn’t significantly improve underlying technology, getting bigger, not getting smarter. In an era that has embraced data technology for improving everything from entertainment to finance, freight is still manual. Sources: A , B. Four years ago… …we set out to change this by bringing freight shipping online. Freight Insights News

How to Keep Your Freight from Freezing: What Shippers Need to Know

Zipline Logistics

Its arrival brings cold weather for much of the US and requires shippers to take steps to protect from freeze with their freight. . There are steps you can take to ensure that frigid temperatures do not damage your freight. Understand Your Freight Needs.

Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. The Sustainable Freight Action plan released by California governor Jerry Brown outlines a long-term 2050 vision and guiding principles for California’s future freight transportation system. Targets for 2030 Include: Improve freight system efficiency 25 percent by 2030. Foster future economic growth within the freight and goods movement industry.

C5’s 9th Advanced Forum on Customs Compliance

Supply Chain Movement

Due diligence obligations on freight forwarders. Transfer pricing documentation requirements. Strategic sourcing through duty relief programme and trade agreements. Register now >> Events AEO certification c5 communications limited Conference customs Customs compliance discount event Forum government officials HMRC obligations roundtables sourcing supply chain9th Advanced Forum on Customs Compliance. Date: 15-16 November, 2016. Venue: London, UK.

People First AI: The Modern Freight Brokerage

Parade

But AI and ML won’t replace the need for human beings in the freight brokerage industry. Humans Will Always Be the Source of Truth Look at any industry that is far ahead in terms of automation, such as the self-driving car industry. Now, you could use AI to predict (using different data sources such as ELDs and historical behavior) whether the driver is late or going to be late. Think about it— freight brokerages today are hiring qualified, college-educated employees.

This Week in Logistics News (November 10-14, 2014)

Talking Logistics

Teamsters step up union drive at FedEx Freight, Con-way (Reuters). September 2014 Freight Transportation Services Index (TSI). Cass Freight Index Report – October 2014. This week, FedEx Freight drivers voted against the union in Newark, New Jersey , and Con-way Freight employees did the same in Manchester, New Hampshire. Global Trade Robots This Week in News Amazon Con-way Freight drones FedEx labor Teamsters Transplace unionization UPS

CFO Beating You Up Over Rising Freight Costs? Hit Back with a TMS

Supply Chain Collaborator

Freight spend is up 15% year over year and it is eating into the bottom line! Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. On the other end of the line, the exasperated head of transportation responds, “Listen, my team now spends eighty percent of each day scouring the spot market just to get all of our freight covered!

Blockchain for the Supply Chain: Reality vs. Hype

Supply Chain Brain

The technology has been around for a long time, but many organizations and countries still require the maintenance of original signed documents, with all of their accompanying costs and inefficiencies. All must agree to the precise form of that document before the release of international freight and the transfer of funds. When it comes to technological innovation, however, hype is no benchmark for success.

Is Google the most innovative supply chain company in the world?

Freightos

The overall impact of mobile has been well documented in the press. yellowbox]Check out where the future of online sales for the freight industry is heading with this free white paper.[/yellowbox]. According to Ti’s white paper on the topic, some goods manufactured in Asia-Pacific could be near-sourced to the US or Europe. This, in turn, could reduce shipping and air freight volumes. Freight Insights Logistics and Supply Chain Technology Series News

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Today many companies spend countless hours reviewing contracts to track and review amendments to original documents. Freight Management.

How Blockchain Could Create the 'Autonomous Container'

Supply Chain Brain

The technology features chips that monitor temperature and humidity within a 500-meter range of an air-freight container. Ettl says that drawback can be addressed through the use of Hyperledger , an open-sourced collaborative effort to develop blockchain technologies across industries. Smart Containers is preparing an initial coin offering (ICO) to support its use of blockchain for air-freight container monitoring.

Common Reasons For Shipping Setbacks: Shipper or Importer Delays

Promptus LLC

Documentation Issues Can Mean Cargo Delays Source Shipping delays are not only an inconvenience to both the shipper and recipient, but they can mean hefty fees if there are errors […] The post Common Reasons For Shipping Setbacks: Shipper or Importer Delays appeared first on Promptus, LLC. Freight Forwarding

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5 Things to Know About U.S.-Mexico Logistics

Talking Logistics

Understand the 3-Legged Freight Movements at the Border. Companies carrying freight across the U.S.-Mexico At a minimum, companies will need to be familiar with these most common documents: Bill of Lading (BOL) – A bill of lading is an essential document for any freight shipment. In Mexico, the basic Mexican import document is the pedimento de importacion. It can help increase overall capacity and reduce freight costs.

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This Week in Logistics News (July 15-19, 2013)

Talking Logistics

Con-way Freight Raises the Bar on Mexico Service, Adds Door-to-Door Tracking, 24-Hour Customer Resource Center, Enhanced Web Tools. Con-way Freight announced this week that it has enhanced its Mexico service offering with the introduction of real-time, door-to-door online tracking, a 24-hour Customer Resource Center and new web tools for tendering and managing shipments moving to and from Mexico.

5 Tips for Delivering Chocolate without Melting!

Supply Chain Game Changer

Always keep your chocolates away from direct heat or light source. Make sure to seal your chocolate box properly, have all the necessary documents prepared, and inform them that they are handling a delicate item. Freight and Logistics Guest Blog Post Retail Supply Chain Supply Chain Management Chocolate Food logistics managementSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Food Waste and World Hunger – The Food Supply Chain is Broken! Videos).

7 Easy Steps to Create an Inbound Vendor Routing Guide

Cerasis

It manages inbound freight, not unlike the incoming blood supply from the lungs, and pumps it out to the remainder of your supply chain. For each weakness or issue, provide instructions on how to avoid delays and ensure adherence to appropriate carrier selection and freight classification. This includes accounting for variances in freight classification and cost due to increasing use of dimensional (DIM) pricing models.

Transportation Logistics

LeanCor

While companies may see global sourcing as a means to reduce material or component costs, they must be mindful of what the customer is actually willing to pay for through total landed cost. Other challenges in international transportation logistics can include supply chain velocity, variability, visibility, and complexities in documentation and diverse requirements. Consolidating freight volume will increase delivery frequency while reducing costs.