Elevated freight rates, skyrocketing inflation, and the war in Ukraine are drastically increasing the cost of goods and disrupting global supply chains.
No importer wants to leave their product sitting in a port longer than they have to, especially when doing so can rack up thousands of dollars in demurrage and detention fees.
It’s been a challenging year for the shipping industry, and next year promises to be equally tricky.
No one wants to add complexity to the business of importing and exporting goods from other countries.
So why do some businesses choose to work with one company to manage their freight forwarding and another for Customs brokerage?
The answer is they think they will pay less.
Businesses with large ocean container volumes are always looking to remove costs from their supply chain. Many organizations will issue request for quotations or seek competitive freight bids in an effort to save money. The results of such efforts are usually competitive pricing that is locked in for a period of time, thus lowering the cost of ocean freight. Awesome, right?