In order to receive the price and quality of service that you want from a supplier, it is vital to negotiate. This can prove troublesome for some business owners – after all, not everyone is a born negotiator. That’s why we’ve put together the following tips on about negotiating with your suppliers overseas.
When it comes to international shipping, there are two main options: ocean freight or air freight. Air freight is basically moving cargo in airplanes from point A to point B. Ocean freight means moving the cargo in ships, either in a full container (Full Container Load: FCL), or sharing space with other shipments in order to fill a container together (Less than Container Load: LCL). Small ocean shipments will always be an LCL load.
If you’ve shipped freight internationally, or even just looked into the possibility, you’ve probably heard the word “incoterm.” But what does it actually mean, and how do you choose which set of incoterms to use? Different incoterms can affect your profit, and it makes more sense to choose one set versus another in some cases. It really depends on your shipment: FOB, EXW, port to door, or port to port all lend themselves to a certain incoterm. It is a good idea to figure out which incoterm is the best one for you.
As the inauguration looms near, many Americans (and probably a good portion of the globe’s population) are concerned about how the new president will affect them. President Trump will have a lot of power and influence on the world stage, so there’s a great deal of wondering going on. Luckily for people in the logistics industry, the president-elect has already made statements about many of the policies he hopes to implement so we at least have some idea of the Trump effect. Continue Reading
A question any shippers would ask – regardless of their sizes, goods, or locations, is how much time it takes freight forwarders to quote on their shipment. With younger entrepreneurs starting new businesses all the time, expectations are changing. We want quotes, and we want them now – a lightning speed turnaround is just one of the many parts of the “on demand” culture that has infiltrated every part of our lives. Whether it’s normal business hours, or midnight when you finally have a spare moment to search for a freight forwarder, small business owners tend to think that freight forwarders will respond to their quote request instantly and they will receive quotes back within few hours.
Chinese New Year, the biggest and most important holiday in China which typically takes place in January or February every year, always seems to impact international shipping activities all around the world. It is celebrated not only in China, but in other Asian countries like Cambodia, Thailand, Vietnam or Singapore. Beyond Asia, CNY also affects businesses in countries in Europe and America because this holiday plays a critical role in international shipping rate changes, particularly for the trade lanes from Asia to the rest of the world. Continue Reading
When you request a freight quote you usually do it by sending an email to your freight forwarder or you fill in a template at the forwarder’s website. Either way, you may find that it is a hassle to ask for a rate, because too many details need to be provided. Providing many details is time consuming, but there is an important reason to share them with your forwarder Continue Reading
Perhaps, you have been in the situation where you are requesting rates to ship a 50-100kg package, and you find out that small parcel companies –such as FedEx, UPS and DHL- are providing you with some of the highest rates for transporting your products. Freight forwarders, sometimes offer you lower transport rates. Do you know why freight forwarders in general are not interested in small shipments?
When you picture your days of preparation for November and December holidays, you can probably imagine crowded locations, long queues at the shops, and a hectic road traffic. During these periods, also called ‘peak seasons’, the shipping world has to deal exactly with the same problems, and more. Every business wants to have the products shipped from point A to point B before holidays, so that you can have your products on the shelves before and during holidays.