Do you outsource your shipment tracking process to third party logistics services? We have observed that numerous organizations outsource their third-party logistics needs to get to the adaptability and scalability that an outside vendor can offer. If their shipping needs increase rather than employing additional staff or extending distribution center space, they hire 3PL merchants…
You did it — you finally dispatched your shipment! It’s smooth sailing from here, right? WRONG. On average, one intercontinental shipment includes hundreds of interactions and more than 20 players involved– freight-forwarders, port handlers, marine insurers, inland transportation and so forth. In this context, shippers frequently whinge about the difficulty in getting actual-time visibility of…
Now straight off the bat, you’ll be thinking that the above looks a little strange. How on earth could the biggest cricketing tournament in the world helps reduce my freight charges? Well, as the teams are about to break for drinks, let’s read on, to find out how. First, let’s set the field. You’re a…
Have you ever wondered to look at the month on month or year on year trend of the freight that you have been paying for your export and import shipments? Would it not be helpful in order to predict the future freight movement or in making sales decisions by factoring in the likely logistics costs?…
According to freight waves, Businesses overspend on shipping by a minimum of 13% every year. In this challenging scenario, manufacturing companies and shippers are struggling to deal with soaring freight costs to secure competitive prices. Without an efficient solution in place, freight bidding can become a painstaking process that can take weeks of back-and-forth vendor…
The days of the Excel spreadsheet is over. Supply chain digitization transforming the management of your global logistics process. The Industries that are genuinely thriving nowadays share something significant in common: a digitized logistics process. And why not? Digitization is the answer to a lot of problems. We have moved on from the primitive times…
Is the market rising or is it falling? Did this question ever cross your mind? SENSEX! I am not talking about that but you are close enough! Ever seen an index for global freight? Look no further. Introducing GFI, GoComet Freight Index. GoComet Freight Index is a shipping index reflecting the fluctuation of spot rates…
Chemical companies are big-time exporters of full container loads(FCLs), roughly ranging from 50 containers to as high as 350 containers per month managing 40-60 trade lanes in a month. An individual freight forwarder in today’s competitive world of shipping and rates can only be numero uno in 5, maybe 10 lanes. So such a company…
“Ah! I can hire one person to do that job instead of using technology” We hear this and we cringe in fear. This is a sure-shot way to oblivion. History has shown enough that you can’t stop a change whose time has come. If hiring one more person was a substitute for technology, we’d still…
There are a few things to take into consideration while choosing the best method to ship your goods. Choosing the right service between air freight vs sea freight will help you bring down costs and bring inefficiencies in your shipping process. Cost / Price As a business owner, before shipping goods, you need to check…
If you are in the manufacturing business and want to export your goods to other countries, this freight service article is for you. We will discuss the three modes of freight services used for shipping abroad and also throw some light on choosing the best mode of shipment based on your type of business or…
The pharmaceutical exports of India are growing steadily and the future looks even brighter. With fewer challenges and more opportunities for the Indian Pharmaceutical giants, the export sector is surely going to add to their business in a significant way. Trade experts feel that Indian companies need to keep up the innovation and aggression to…
