Although travelling has been complicated in 2020 mainly because of the ban on foreign travel and the risk of getting infected, the IATA (International Air Transport Association) has foretold that a whopping 4.72 billion passengers will be flying this year. The truth is that it can be said without a doubt that a large number…
The logistics industry employs around 450 million people all around the world but sadly even after providing indispensable services they have never managed to come to the limelight and a vast majority of us are indifferent to the importance of the work they are doing on a daily basis. Nonetheless, these days the significant role…
The customs clearance procedure is undoubtedly one of the most complicated and often intimidating aspects of global freight shipping and small and mid-sized businesses have to devote a lot of attention towards executing this process successfully. No matter if you are hiring the services of a customs broker or want to go at it yourself,…
The COVID-19 pandemic which has gripped almost every country of the world has gravely affected the global economy while the disruption in trade and supply resulting from the severe lockdown measures has put further pressure on the already debilitated economic situation. Nevertheless, on the brighter side we can be certain of one thing- the pandemic…
The quick spread of the COVID-19 pandemic has had a significant impact on the container shipping industry. This industry which was already debilitated by the trade war has received yet another blow and is currently reeling under the impact of the pandemic. In today’s post, we are going to discuss the impact of Coronavirus on…
Over the last few decades, the competitive environment within the supply chain industry has remained intact with a minority of multinationals in control of the major chunk of market share. Small and mid-sized logistics companies definitely need to adopt a few effective market strategies to survive the competition and safeguard their market niche against the…
The Coronavirus outbreak has hard hit the international trade and investments have considerably diminished in the first quarter of 2020 while the effects of the pandemic are expected to continue in the months to come. The current supply chain scenario A survey by the Institute For Supply Chain Management states that a whopping 75% of…
The COVID-19 has changed the ways of conducting the logistics business these days. Working from home which used to be a luxury provided by our respective organizations from time to time has now become mandatory in several countries because of the lockdown imposed due to the pandemic. According to our world’s logistics scenario report, many…