Industry Basics
Import General Manifest
The customs department may halt the shipment of goods because of improper IGM filing, which could be harmful to the entire shipping procedur...
Global Trade Playbook
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Industry Basics
Currency Adjustment Factor
To calculate the currency adjusted freight rate, the CAF percentage is multiplied by the freight rate.
Industry Trends
Global Shipping Alliances
Each alliance is built on these vessel-sharing contracts, which let carriers within an alliance widen their service areas and geographical r...
Industry Trends
2022: Year in Review
Since mid-2021, issues with semiconductor chip availability have limited the production of a variety of electronic and automobile items.
Industry Trends
Indian Economy – November 2022
Emerging market economies (EMEs) continue to experience unpredictable capital flows, and global spill overs endanger growth prospects.
Industry Basics
Switch Bill of Lading
BL must be revised to reflect modifications to the destination ports and the descriptions of the cargo, or in which shippers may wish to omi...
Industry Basics
Bullwhip Effect
The firms closest to the consumer will increase inventory in response to rising demand. The front end of the supply chain will reduce invent...
Industry Basics
Third-party Logistics (3PL)
A company can also avoid making enormous infrastructure investments by using a 3PL provider for supply chain management because it can provi...
Industry Basics
Milk Run in logistics
Milk run keeps manufacturing activities moving throughout the shop floor, significantly reducing downtime.
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