Shipment visibility is key to improving customer experience

Into the second year of the pandemic, heightened supply chain volatility, and gradual recovery, shippers are increasingly focusing on the need for supply chain visibility to maneuver through the unprecedented times. Believe it or not, supply chain visibility is directly proportional to customer experience and critical to your business’ revenue growth.

Shipper ire rises with D&D costs

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D&D as Federal Maritime Commissioner (FMC) Carl Bentzel refers to the static charges for cargo stored at ports, remains a contentious issue in the US as charges rack up and delays and congestion at ports remain a significant difficulty for shippers.

The Suez blockage and its implications on trade and visibility

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Much like COVID-19, the Suez Canal crisis was an incident cut from the same cloth in paralyzing maritime operations—albeit in different means. While the pandemic shrunk port operations due to the necessity of social distancing, the Ever Given sealed shut the maritime bottleneck between Asia and Europe. Running aground and staying there for six days, the Ever Given stopped over 400 vessels from reaching their destination ports across the two continents.

How to Lower Your Ocean Freight Costs

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Some of the significant challenges for shippers and freight forwarders are understanding freight costs, lowering the ocean freight spend, and realizing better margins. While market trends and dynamics play a major role in determining your freight cost, having access to critical visibility data ensures that businesses can utilize data to better predict market fluctuations and trends.

Ocean Insights Spotlights Ongoing Shipment Delays

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With shipping rates at historic highs, ocean shipment data collected by ocean freight intelligence company Ocean Insights (a project44 company) spotlights ongoing shipment delays at major shipping ports.

Know your Incoterm: DDP vs DAP

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Incoterms are integral to global trade and commerce. The International Chamber of Commerce introduced a set of Incoterms or International Commercial Terms that are globally recognized. Incoterms enable global trade by clarifying buyers’ and sellers’ obligations and responsibilities and preventing confusion in various domestic and international trade contracts.

“When will my order arrive?”

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Bikes, fitness equipment, furniture, computers, consumer electronics: if you’re currently waiting for an order to be delivered, you might have to wait months – and you won’t be the only one by a long way.

Know your Incoterms

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Incoterms or International commercial terms are the universally accepted trade rules introduced by the International Chamber of Commerce to facilitate global trade and commerce. The primary purpose of Incoterms is to avoid confusion in international trade contracts by clearly defining the responsibilities of buyers and sellers globally.