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Understanding Incoterms: A Guide to International Trade
In the realm of international trade, the use of standardized rules is essential for smooth and efficient transactions. This is where Incoterms come into play. Incoterms, short for International Commercial Terms, are a set of rules established by the International Chamber of Commerce (ICC). These rules provide a common language and framework to define the responsibilities, risks, and costs between buyers and sellers in international … Read More
What should a Sustainable Supply Chain consider?
In today’s world, sustainability has become a vital consideration for businesses in every industry. According to a recent Forbes article, “Why a Sustainable Supply Chain is Critical to the Future of Consumer Products,” consumers are increasingly looking for products that are sustainably sourced and produced. In fact, research shows that 90% of consumers would switch to a brand that is associated with a good cause. … Read More
5 Reasons Why You Should Consider ACH!
Automated Clearinghouse (ACH) is a program available for those companies that import into the US as an option to pay duties to US Customs electronically. We believe that this program is essential and beneficial to importers! Here are a few reasons why… Having duties debited directly from your bank account allows you to better control your cash flow and have better visibility on the … Read More
Discover More About the Local Food Distribution Process
Local food distribution typically involves the movement of fresh, locally grown or produced food from the point of origin to local consumers. The process can vary depending on the specific type of food being distributed, as well as the size and structure of the distribution network. In general, local food distribution begins with the farmers or producers who grow or make the food. When farmers … Read More
What are Some Food Supply Chain Issues to be Aware of?
Supply chain issues can have a significant impact on the availability and cost of food. The food supply chain includes a wide range of processes and stakeholders, including farmers, processors, distributors, retailers, and consumers. Having many different people in the process can lead to major complications. When there are disruptions or delays at any point in this chain, it can lead to shortages, spoilage, or … Read More
A Guide for Shipping Health and Beauty Products
The global health and beauty industry has grown exponentially in recent years. Online sales have accounted for a significant portion of this growth. In 2020, the industry’s value was estimated at $380 billion, and according to a report by Allied Market Research, the global cosmetics industry is forecasted to reach $463.5 billion by 2027. It’s essential to understand the regulations and best practices for shipping … Read More
Automotive Supply Chain – Disruptions and Outlook
The disruptions in supplies of key raw materials and components over the last three years have been driven by a range of factors, including the COVID-19 pandemic, natural disasters, geopolitical tensions, and shifts in consumer demand. In the case of the automotive industry, one key driver of the recent shortages has been the cancellation of orders for microprocessors in response to a slump in auto … Read More
From Farm to Table – Your Food Supply Chain Explained
Food supply chains can be complex and involve multiple stages and participants. Here’s an overview of the journey your food takes from farm to plate: Fresh Food Production Food production typically starts with farmers, who grow crops or raise animals for meat, dairy, and egg production. Farmers may sell their products to processors or directly to consumers through farmers’ markets, community-supported agriculture (CSA) programs, or … Read More
What is the Uyghur Forced Labor Prevention Act of 2021 (UFLPA)?
Customs Q&A of the Month: With Licensed Customs Brokerage, Jessica Parks Uyghur Forced Labor Prevention Act: What you should know U.S. Customs and Border Protection has put the UFLPA in place which specifically bans the import of goods resulting from forced labor in China – specifically in the Xinjiang area of China. In 2017, the Chinese government, in an act of Genocide as described by … Read More
The Logistical Challenges of The Pharma Sector For 2023
According to a report by the IQVIA Institute for Human Data Science, global spending on medicine is projected to reach $1.5 trillion by 2023. Due to the sheer volume of materials that need to be transported and stored in sanitary conditions. All the players in the supply chain must work together, to ensure that the products reach the customer in a safe, timely, and cost-effective … Read More