Technology has streamlined the logistics industry over the years, but new technologies could revolutionize the industry as we know it. Similar to the Industrial Revolution in the late 1700s, the supply chain is evolving due to major technological advancements.
With the 2015 holiday season quickly approaching, please remember that deliveries could be delayed due to holidays in the originating, transshipment or destination countries. It is best practice to prepare for holiday-related delays by padding your supply chain transit tables. Aside from the holiday presents, the season also brings a myriad of shipping obstacles including winter weather, continuation of driver shortages in the U.S., equipment shortages and port congestion.
Topics: Supply Chain
One third of all international trade value is transported by air, accounting for $6.8 trillion of goods annually. Speed remains as aviation's competitive advantage, creating expedited solutions for shippers around the globe. So what ten steps do importers need to plan for when choosing air cargo transportation?
In the West Coast labor negotiation aftermath, data is beginning to show the extent to which East Coast ports have benefited. In recent years, West Coast ports dominated the import market with 54 percent market share. However, following almost a year of labor contract negotiations and cargo delays, East Coast ports have captured the majority of lost West Coast market share.
During 2015, e-commerce sales are expected to top $300 billion USD. This increase in internet shopping is changing the way businesses plan and execute supply chain strategies. Previously, Cyber Monday and Singles Day (China) were two specific days when retailers had to plan for an increase in internet sales. Now, however, businesses are being forced to restructure their supply chains to accommodate for next day shipping. So how does this evolution in internet sales affect the way shippers plan their import shipments? Now, more than ever, a strong relationship with transportation providers is vital to supply chain success.
Whether you are a domestic or international shipper, commercial documents must be produced and shared among a number of parties, which can drive operating costs up. Commercial Invoices, Packing Lists and Bill of Ladings are just the tip of the iceberg in the shipping world and some commodities require additional documentation, such as Lacey Declarations, Fumigation Certificates or TSCA Certificates. And don't forget about all the email communications companies save for their records. Printing and distributing paper copies of these documents can create unnecessary costs for the shipper. Therefore, Marisol International is proud to offer e-document sharing capabilities within our custom miSTAT technology.
Over the last 21 years, the North American Free Trade Agreement (NAFTA) has created abundant trans-national trade opportunities for American, Canadian and Mexican businesses. With a population of over 122.3 million people and a GDP of approximately $1.261 trillion, the Mexican market is becoming increasingly more attractive to companies across the world. So how can U.S. businesses prepare for international trade success?
International Standards for Phytosanitary Measures (ISPMs) are used to protect plant resources from the spread of invasive pests migrating in global trade. All wood packaging materials used in shipments should meet ISPM 15 standards to avoid delays or unexpected costs. So what is ISPM and how can shippers ensure compliance?
Storage, demurrage, per diem and detention charges are fees assessed by carriers for extended use of equipment or space. These charges can add up quickly, causing financial strains for importers if proactive steps are ignored. Proper planning and execution by a Licensed Customs Broker (LCB) or freight forwarder can reduce the chances of incurring unnecessary import storage charges.
Under U.S. law, a trademark is defined as any word, name, symbol, device, color or combination thereof used to identify and distinguish goods from those manufactured or sold by others and to indicate the origin and source of goods. When importing trademarked goods, what compliance steps should companies take to secure financial well being? How can importers ensure compliance with federal government trademark laws and regulations?