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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Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. Improving costs remains a core competency for any sourcing organization. Logistics. The post Strategic sourcing enters a new age.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. In the longer term he says they are focused on “Diversification of sourcing, reducing the dependence of single-source suppliers, and developing relationships with the key partners or IT [vendors] … and invest like no other into demand planning and control towers to give us the most fine-tuned information,” and ability to start making “crystal-ball like” predictions.

Transportation Logistics

LeanCor

6 Solutions for Your International Transportation Logistics Challenges. 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.

Inbound Logistics

LeanCor

Planning a Lean Inbound Logistics Strategy. At LeanCor, we refer to our inbound logistics solutions as lean logistics engineering. The lean logistics engineering process incorporates several complex factors including volume fluctuations, sourcing changes, and lead, window, and service times to determine transportation modes, sourcing locations, freight consolidation, trailer loads, route combinations, and freight sequences.

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

Talking Logistics

Assuming current trends hold, and NAFTA remains largely intact, here are five things to consider when managing cross-border logistics between the United States and Mexico: 1. 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.

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Logistics Management

LeanCor

The Art of Logistics Management. How is it that supply chain and logistics management can make such a difference? After all, isn’t logistics “merely” a company’s management of material, product, and information flows in the supply chain? Those who work in the field of logistics recognize difficulties associated with getting the right product to the right place at the right time in the right quantity and condition at the lowest possible cost.

23 logistics professionals share the #1 way to reduce logistics costs

6 River Systems

According to the 30th Annual State of Logistics Report by the Council of Supply Chain Management Professionals (CSCMP), companies spent $1.64 trillion on logistics and transportation services in the United States in 2018, an increase of 11.4%

This Week in Logistics News (October 10-14, 2016)

Talking Logistics

I am writing to you this morning from Death Valley, CA where my Logistics Leaders for T1D Cure teammates and I are getting ready for our 102.7 As I drink another glass of water and eat some salty snacks, here’s the supply chain and logistics news that caught my attention this week: Descartes Acquires Appterra. FourKites Raises $13 Million to Enable “Smart Trucking” via Real-Time Logistics Connectivity. Note: Descartes is a Talking Logistics sponsor.

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Mitigating Logistics Risk Through Blockchain

Shipchain

Logistics will always contain risks, but the use of blockchain in supply chain management can go a long way in prevention and mitigation. Let’s look at the problem of risk management in logistics and how traceability through blockchain reduces those risks. Logistics Risks Lead to Higher Freight Spend. Logistics risks impact freight spend in multiple ways. Blockchain’s value in mitigating risks also applies to reverse logistics.

This Week in Logistics News (March 2-6, 2015)

Talking Logistics

Amber Road broadened its solution footprint this week by acquiring Hong Kong-based ecVision, “a cloud-based provider of global sourcing and collaborative supply chain solutions for brand-focused companies.” Shipment and Logistics Management – provides a platform to document, manage and monitor all logistics activities from in-factory carton label creation, advanced shipping notice generation, carrier booking and tracking, and invoicing through receipt into the warehouse.

Why Logistics and Transportation Should Digitize

3rdwave

Digitization is an essential cornerstone capability that enables Logistics to deliver its true potential. From the perspective of Logistics, understanding digitization is particularly relevant because much of the information logistics requires is in analog format. A best-case analog scenario is that information is maintained in “Word”, spreadsheet, or PDF documents. Digitization is more than email or a scanned document. Why should Logistics care?

A Case Study in Reverse Logistics Optimization!

Supply Chain Game Changer

Check out What Exactly Is Reverse Logistics? The OEM turned over management of one of the most critical, high-volume segments of its reverse logistics program—the processor business—saving the manufacturer millions of dollars each year; reducing excess inventory; increasing same-day, on-time ship rates; and improving customer satisfaction. Variability of hardware and component sourcing affected production efficiency, causing fulfillment delays and lower customer satisfaction.

3 Initiatives Driving Sustainable Transportation and Logistics Management

Supply Chain Nation

Recent studies have shown that transportation is the single largest source of greenhouse gas emissions in the United States. The realities of today’s complex global marketplace make fulfilling sustainability objectives anything but simple as companies navigate fulfillment, transportation and logistics challenges. The post 3 Initiatives Driving Sustainable Transportation and Logistics Management appeared first on Supply Chain Nation Blog.

Made in “I Really Don’t Know”

Talking Logistics

As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. Here are some recommendations: Identify and document the root causes of poor supply chain visibility. Define and document Supply Chain Mapping business processes.

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

Talking Logistics

In this week’s supply chain and logistics news… Pitney Bowes Expands Cross-Border Ecommerce Capabilities with the Acquisition of Borderfree. XPO Logistics Announces First Quarter 2015 Results. Borderfree manages all aspects of the international shopping experience, including site localization, multi-currency pricing, payment processing, fraud management, landed cost calculation, customs clearance and brokerage and global logistics services.

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This Week in Logistics News (June 1-5, 2015)

Talking Logistics

I’m on limited time this morning, so let’s go straight to the supply chain and logistics news that caught my attention this week: enVista Launches New Business Entity, Enspire Commerce®. We founded Enspire Commerce to address gaps in the marketplace for price-competitive solutions that solve the complexities of omni-channel inventory visibility, order routing and fulfillment execution between retailers and their stores, logistics partners and vendors.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

appeared first on Talking Logistics with Adrian Gonzalez. Retail Supply Chain & Logistics Trends Ariba LIVE 2013 Bangladesh factory collapse California Transparency in Supply Chains Act of 2010 Disney Executive Order Strengthening Protections Against Trafficking In Persons In Federal Contracts Justin Dillon Made in a Free World procurement responsible sourcing slavery slavery footprint State Department supply chain visibility

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

Logistics can be traced all the way back to the Greek and Roman empires , but it’s undergone several major transformations as new technologies provide opportunities to more efficiently manage the movement and storage of goods. In the digital transformation age, logistics is once again undergoing a major shift. These technologies also contribute to a rise in big data and analytics in the logistics field. ” Meet Our Panel of Logistics Pros: Brian Jessup.

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

Talking Logistics

XPO Logistics to Acquire 3PD, the Largest Provider of Heavy Goods, Last-Mile Logistics in North America. Source data is a combination of reference and benchmark data from third parties as well as econometric models and formulas. Evenex has “over 3,000 customers exchanging more than 375,000,000 documents every year and is the leading and preferred business-to-business integration provider in Denmark.”.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner? SMEs find it hard to identify and engage suitable logistics partners. Logistics providers, in general, are slow to respond to the needs of SMEs.

This Week in Logistics News (August 13-17, 2018)

Talking Logistics

Back at work, getting caught up on all of the supply chain and logistics news from the past two weeks. Blockchain might not be able to solve, cure, or save everything as the hype suggests, but there are certainly applications where the business case makes more sense, such as global trade because of the many different parties, documents, regulations, and financial transactions involved. I’m back from vacation. Well, back physically. Getting back mentally has been a very slow process.

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. According to World Bank report, efficient logistics refer to transport, storage and conveyance of products to the ultimate consumers from the companies at minimal costs. How can companies enable Green Logistics? Green logistics has a significant role in the trade process, transport and deliver the goods.

Why Logistics and Transportation Should Digitize

3rdwave

Digitization is an essential cornerstone capability that enables Logistics to deliver its true potential. From the perspective of Logistics, understanding digitization is particularly relevant because much of the information logistics requires is in analog format. A best-case analog scenario is that information is maintained in “Word”, spreadsheet, or PDF documents. Digitization is more than email or a scanned document. Why should Logistics care?

Private Blockchains Could Hurt the Shipping and Logistics Industry

Shipchain

In the shipping and logistics industry, enterprises are already beginning to realize that private blockchains are simply not the solution they’ve been sold. With only one central source of truth, private blockchains are just as vulnerable to attacks as regular servers or databases are. Private blockchains further entrench the fractures plaguing the shipping and logistics industry today. Blockchain Industry Logistics Public Blockchain Shipping Supply Chain

Chain of Custody: The source of control in global supply chains? – IoT Beyond the Buzz

Global Trade Management

You may find multiple definitions of a chain of custody by governments, associations, agencies, logistics service providers, shippers. This documentation should be precise enough to also be validated by a court. The logistics industry is slowly being transformed to the point when the utilization of the electronic data environment will become the norm in the industry and the additional technological advancements in IoT technology will enable the integration of complete cargo supply.

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

Talking Logistics

We normally do our Talking Logistics episodes on Tuesdays and Thursdays, but we have one today at 12 ET with Alaster Love from Transplace, where we are going to discuss “ Big Data and Analytics in Oil and Gas Transportation.” As reported in the Financial Times : Under the most eye-catching plan – known as Synchronised Delivery Solution – a package due to be delivered to a given address will wait for others coming from other sources, which will then be delivered with it. .

How to Improve Freight Labeling for Transport and Logistics Management

Cerasis

To combat the problem here’s a way to improve freight labeling for transport and logistics management. Incorrect or missing labels are a source of frustration for packers, handlers, freight forwarders, customs officers, haulers and those receiving the goods. To combat the problem of missing labels and other documentation, haulers have resorted to duplicating the necessary paperwork and storing it inside the freight itself. Freight Logistics

This Week in Logistics News (January 4-8, 2016)

Talking Logistics

In the meantime, here’s the supply chain and logistics news that caught my attention this week: EU Approves FedEx Acquisition of TNT Express ( WSJ – sub. This live and predictive analytics platform filters through news sources (including Lloyd’s Maritime, CNN, and more), blogs, social media (ex. Twitter), and natural disaster alerting sources to find and disseminate content relevant to global supply chains.

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Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

Logistics is no exception. There are hundreds of logistics terms that make up the industry’s language. Here is our glossary of top logistics terms to know. Logistics Terms for Pros to Know. Audit — In logistics, an audit refers to the process of examining, adjusting, and verifying freight bills for accuracy. Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance.

Downturn, what downturn? Why logistics tech remains one of the hottest scenes in the global economy

EFT

It can therefore be easy to be pessimistic in these times, especially as many of us feel worn out with the current news cycle, but when it comes to logistics tech, hope is flourishing. A great time to be a logistics tech start-up. Name="Document Map"/>. Name="Document Map"/>.

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

The Logistics & Supply Chain Management Society

By convening players, who would normally work in isolation, to participate on a collaborative platform, information and documentation can now be relayed dynamically, in real time. The current trade and logistics landscape is plagued with manual processes and siloed actors.

Increased demand and regulations create new challenges for multi-temp carriers

DELMIA Quintiq

The demand for refrigerated food distribution has changed dramatically over the past several years, in turn adding the complexities of shelf-life, perishability and refrigeration requirements to the logistics of food transportation. With industry sources reporting record high rates for the refrigerated trucking market, as referenced recently by Food Logistics , carriers are looking to capitalize on the strong demand and tight capacity for refrigerated trucks.

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5 Ways to Optimize Your Logistics & Transportation with Lean

Arkieva

Are you using lean in your logistics and transportation management? Right Source. Any detected waste needs to be documented and followed by problem-solving. Logistics and Transportation Supply Chain Lean Management Logistics and Transportation MangagementThe most dangerous kind of waste is the waste we do not recognize” ~ Shigeo Shingo. Lean is a new way of doing business. The transportation company’s culture and behavior should change to apply Lean thinking.

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