The international logistics networks encompass numerous critical elements such as speedy cargo movement, efficiency, documentation, and supply chain digitization. Among these aspects, one definitely stands out as outdated: paperwork. Engaging in repetitive tasks like signing bills, manually sending quotations and invoices, inputting data into documents, and paperwork demands meticulous attention to detail. Even the tiniest…
The shipping containers which were invented back in 1956 stand as a remarkable innovation that has left an indelible mark on maritime history. Even though nearly 70 years have passed since the origin of shipping containers, the fundamental aspects of container operations have remained largely unchanged, including the manual and opaque procedures governing its operations….
In ocean freight shipping, people are often faced with two distinct choices- direct shipping and transshipment. Both methods have their advantages and disadvantages, and it’s essential to understand them to choose the best option for your business needs. In today’s article, we are going to discuss the benefits of direct shipping and transshipment in ocean…
The freight and logistics market in Vietnam is steadily expanding and in the next five years, it could reach a CAGR of over 5.5%. As one of the upcoming nerve centers of international manufacturing, this country is the biggest beneficiary of the US-China trade conflict. In 2019 Vietnam had the largest yearly flow of foreign…
Freight Forwarding Industry: With its headquarter in Geneva, Switzerland, FIATA is currently one of the most reputed organizations in the Freight Forwarding Industry, becoming a member of which offers a set of unique advantages for logistics companies. FIATA – or the International Federation of Freight Forwarders Associations is the largest non-governmental transport association of freight…
The logistics industry has a set of unique terminology that facilitates more effective communication throughout the supply chain. The use of these terms help to save a lot of time. In the logistics industry, Incoterms or International Commercial Terms have globally recognized rules that ease the buying and selling process. It does so by providing…
Air freight shipping accounts for more than 6 trillion USD worth of shipments every year which makes up around 35% of global trade by value. Customers these days expect high-speed deliveries which is one factor why shipping companies opt for air freight to ship their cargo around the globe within the shortest possible span of…
Although the trend of online shopping is nothing new, it was the pandemic which undoubtedly expedited the boom of the e-commerce industry which in turn has directly influenced the companies providing services in the transportation and logistics sector. The e-commerce companies are increasingly outsourcing logistics to fulfill their orders effectively and on time. The rising…
Last year, the cargo ship Felicity Ace carrying Porsches, Lamborghinis, and Bentleys caught fire and sank. Volkswagen confirmed that the losses which amounted to over $300 million would be covered by cargo insurance. This is not an isolated incident. Even just a month back, the container ship Pacific Express lost 10 containers overboard due to…
The transportation and logistics sector went on a bumpy ride in the last couple of years because of the rising rates, overstretched capacity, equipment and labour shortage, rising fuel prices and several other factors. This year can offer some respite when it comes to the freight rates because of the falling demand for goods. Nevertheless,…