When it comes to managing shipping costs, it’s common for organizations to overlook the inbound supply chain. While effectively controlling and managing inbound freight can be challenging without a solid structure to hold vendors accountable, with the right guidance, costs can be lowered.
Maersk confirmed yesterday that its IT systems are currently down due to a widespread cyber attack. The attack, similar to the recent “WannaCry” attack, targeted various firms, airports and government departments around the globe through the use of ransomware.
Shipping freight internationally via ocean containers – where to start? With various shipping container sizes and purposes, learning the key differences can help you make intelligent shipping decisions. Not only is selecting the optimal container type important for safe transportation of the cargo but will also yield cost effective options.
The Bill of Lading (BOL), along with the commercial invoice and packing list, play a crucial role in the international shipping process. Its importance is not always understood when INCOterms and terms of sale are being discussed between the buyer and the seller.
Global supply chains are extremely complex networks that require involvement by various professionals who must execute different tasks. Two of the most important parties involved in an international shipment are the freight forwarder and the customs broker.
Centralizing the management of logistics activities can produce a number of benefits for shippers. With a dedicated team to manage logistics activities, shippers will save time and money due to the increased control, improved transparency and streamlined processes.
Supply chain and logistics professionals must be able to quickly adapt, innovate and solve problems in order to keep pace with the industry. So how can supply chain and logistics managers prepare themselves for the future?
Is your company importing goods into the United States or considering importing in the future? To import successfully, the importer must have a customs bond on file with U.S. Customs and Border Protection (CBP).
Freight audit and payment programs can help companies of all sizes improve accuracy when reviewing and paying carrier invoices. Whether the freight is Parcel, Less-than-Truckload, Truckload, Volume, Intermodal or International, freight audit automation can have enormous benefits.