Typhoon Nida is making its way across eastern Asia, impacting transportation and logistics operations throughout Hong Kong and China. Heavy rain, strong winds and flood risks have forced many business activities to halt while the storm passes.
Need to work out the international logistics for your recent global sale? There are a few important things to know before beginning the process. Most importantly, you will need to arrange the transportation and file export formalities with governing bodies. With some basic knowledge and the help of a professional freight forwarder, you will be positioned for export success.
Did you know? If a shipper neglects to secure cargo insurance and a disaster at sea occurs, the shipper could be held responsible for payment to the ocean carrier.
Topics: Cargo Insurance
Less-Than-Container-Load (LCL) shipping is a great solution for importers and exporters who buy or sell small quantities of product. LCL shipping enables shippers to combine their small quantity of freight with other shippers to reduce transportation costs. Additionally, LCL shipping can be used within Just-In-Time (JIT) supply chains to increase efficiency and decrease inventory waste. Electing to move cargo via LCL options can result in cost savings due to the fact that shippers only pay for the space they need. Furthermore, shippers who do not have enough product ready to fill a full container, can ship via LCL to meet a customer arrival deadline.
Cargo insurance plays an important role in supply chain success. Cargo insurance protects shippers' financial investments during domestic and international transit. If cargo is damaged or lost, shippers could be burdened with unexpected costs and lose out on expected profit.