Shippers canned dozens of Chinese exports since the coronavirus outbreak, preventing commodities like toys, textiles, electronics, and auto parts from reaching their European and North American destinations.
“What’s My Compliance Score?” Why We Are Asking The Wrong Question
When I’m preparing to deliver a Risk Assessment Report, the first question clients often ask is, “What’s our compliance score?” While the intention is good, we are asking the wrong question. Numbers may not lie, but they don’t tell the whole truth, particularly in compliance – and in the gap is where good companies get into trouble.
Topics: compliance, trade compliance
How to Negotiate Ocean Freight Rates: 3 Considerations for 2020
If there is one thing that can impact any import/export company’s bottom line, it’s the cost of getting their goods across the vast oceans of our big blue planet. So, how do you negotiate ocean freight rates with the best chance of success?
Topics: Freight Forwarding & Cargo Transportation, freight, freight forwarding
Supply Chain Management: Breaking Down the Process to Avoid the Pitfalls
Beyond the Dollar: How to Compare Customs Brokers
Importers might aptly view a Customs broker as a trusted partner for Customs entry filing, but a broker’s job is also to help safeguard importers against delays, fines, and penalties due to errors or regulatory violations.
Topics: trade compliance, import compliance, Customs Broker, Brokerage