Ningbo-Zhoushan Port Explosion: What It Means for Global Shipping
In the bustling world of global shipping, news about disruptions can cause ripples across industries and economies. Recently, the Ningbo-Zhoushan Port in China experienced a significant explosion that has drawn attention from around the globe. This incident, while localized, has wide-reaching effects on global shipping, trade, and logistics. Let’s break down what happened and what […]
Freight Insurance: How Important is it for Your Business?
In global trade, where businesses rely heavily on the transportation of goods across long distances, the importance of safeguarding those shipments cannot be overstated. Whether you’re shipping products domestically or internationally, the risks involved in transporting goods are real. Freight insurance plays a crucial role in protecting your business from potential losses that can occur […]
What Is Customs Duty? And How Is The Tariff Rate Determined?
Navigating international trade involves a lot of terminology, and two crucial concepts you’ll likely encounter are customs duty and tariff rates. If you’re new to importing or exporting, understanding these terms can seem overwhelming. This blog will break down what customs duty is and how tariff rates are determined simply and clearly. What […]
The Hidden Costs of Amazon’s New Inbound Placement Fees: How It Can Reduce Your Profits
Amazon’s new update to its inbound placement fees is making waves in global e-commerce. These fees were designed to improve warehouse management and better organize inventory, but they also come with hidden costs. Let’s dive into these hidden costs and explore ways to manage them effectively. What Are Amazon’s Inbound Placement Fees? Inbound placement […]
Amazon’s New Digital Services Fee: How It Will Impact Sellers
The Canadian government has recently implemented a digital services tax (DST), similar to those already in the UK, France, Italy, and Spain. A digital services fee will be introduced on October 1, 2024, to account for this new tax. So, starting in October 2024, Amazon will introduce a new Digital Services Fee, and sellers need […]
6 Effective Strategies to Save on FBA Freight Forwarding Costs
In the bustling world of e-commerce, keeping profits high while managing costs can be tough. For sellers using Fulfillment by Amazon (FBA), having Amazon handle storage, packaging, and shipping is convenient, but controlling freight forwarding costs can be tricky. What if you could reduce these costs without losing efficiency? Explore these six strategies to learn […]
Common Risks in Freight Forwarding: How You Can Manage Them
Freight forwarding plays a crucial role in global trade, ensuring goods are transported from one place to another efficiently. However, this process comes with various risks that can disrupt operations and lead to significant losses. Understanding these risks and knowing how to manage them is essential for any business involved in logistics. Here, we’ll discuss the […]
Freight Consolidation: How It Can Boost Your Business Efficiency
If you’re regularly shipping goods, you know how tough it is to keep costs low because of complicated logistics. Companies are always trying to stay ahead, but it can be expensive. Freight consolidation is a great way to tackle this issue and save money. In this post, you will learn what consolidation is, how it […]
