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5 Ways of Freight Forwarders Lead Businesses to Success-Infographic

excelsior on September 15, 2020

Time is a precious commodity in business. Managing an import/export business requires you to face deadlines regularly and follow tight schedules in order to ensure product quality and customer satisfaction. However, some aspects can hinder your daily operations if you are not prepared, such as loads of documents to be cleared and dealing with customs authorities when shipping your products. Facing problems in submitting your shipping requirements can result in unnecessary delays, wasting your valuable time.

Many businesses that we’re able to expand their target markets have come up with ways to save time. One of these methods can be achieved by hiring a freight forwarder.

Having a skilled and reliable freight forwarder makes things easier by taking over all of the tasks involving the safe and secure process of transporting your goods from point A to point B. According to Logistics Trends and Insights, 44% of businesses who seek the services of freight forwarders believed that there is a value in utilizing the knowledge of their providers.

How Freight Forwarders Help Small and Large Enterprises

Freight forwarders can be a crucial partner when you are searching or catering to a market on a global scale. Specifically, these agencies are able to lead your business to success through the following ways:

  1. Provides a Responsive Inventory Management

Inventory management is one of the time-consuming tasks that freight forwarders can accomplish. From offering storage, secure parking, and distribution of goods, the freight forwarder is a third party that you can rely on when it comes to keeping the safety of your products.

  1. Ensure Timely Arrival of Goods

Transporting your products can be troublesome at times, especially in the occurrence of unforeseen scenarios such as port congestions. While these obstacles are common, businesses that are backed up by freight forwarders have a higher chance of getting their goods before the specified deadline.

  1. Fast track Logistics Operations

Freight forwarders are more than capable of looking after your goods. With their vast knowledge, they also have access to a wide network of logistics professionals that can help you find the optimal route for your products. This can significantly reduce the time spent on transit, as well as minimize your expenses in transportation.

  1. Stress-Free Shipment Tracking

Some businesses have a set of products that often requires careful handling and other unique conditions that must be met upon shipping. Freight forwarders can be hired to ensure that these conditions will be met by tracking the products throughout its voyage.

  1. Fast and Effective Response to the Most Common Logistics Problems

Freight forwarders are also equipped with enough logistical experience that enables them to know the best decisions to make in times of port shutdowns, natural calamities, cargo rerouting, and other issues that can compromise or disrupt your daily operations.

Excelsior Worldwide Freight Logistics conducts free orientation for those who are willing to learn. It is our advocacy to share our knowledge & experience worth more than a decade in the business. Visit our website today at www.excelsior.ph to learn more about our service.

 

Sources:

https://www.universalcargo.com/5-reasons-why-freight-forwarders-are-crucial-for-business-success/

https://brandongaille.com/28-freight-forwarding-industry-statistics-and-trends/

 

Getting the Best Rates from Your Freight Forwarder

excelsior on August 15, 2020

Many businesses today, such as those that specialize in importing and exporting goods, seek the help of a skilled freight forwarder in order to ensure a seamless and hassle-free transportation process. The reason behind the popularity of freight forwarding services lies in the fact that most products, especially the imported ones, are prone to damages and late arrivals. On top of that, transporting goods can be a time-consuming process, with a list of requirements to be submitted to the customs authorities for legal purposes. All of these issues can be solved by hiring a freight forwarder who can take over the duties of complying specific customs requirements, as well as tracking the condition of the goods in real-time.

If you are a business owner looking for a freight forwarding service, the first thing you must consider is your preferred budget. Costs for freight forwarding services may vary depending on the company, and surely enough, the best services often demand a higher price. However, there are some tricks of how you can increase the odds of getting the best rates while negotiating with your chosen freight forwarding agency:

Always Plan Your Shipments

When it comes to booking shipments, freight forwarders are usually fine in accomplishing some last-minute requests, though it might indicate that they have to use their connections to keep the cargo moving, which may require a higher fee. Planning your shipments can help you to notify your freight forwarding agency ahead of time, allowing them to complete all of the requirements without any pressure, potentially minimizing your expenses in the long run.

Learn How to Consolidate Shipments

Consolidating your shipment comes with many benefits, and one of them is affordability. Try to do some research about the difference between FCL (Full Container Load) and LCL (Less Container Load). Some businesses that transport goods in lower quantities often choose LCL because it is way cheaper than FCL.

You can read more about the pros and cons of LCL here.

Consider Your Shipments’ Transit Time

Transit time is an important factor that directly affects a freight forwarding service. For instance, if you want your goods to be transported at the earliest time possible, you might need to book an air shipment, which will cost you a lot. Other intermodal methods, such as ocean carriers, can offer a lower price in exchange for a longer transit time. Let your freight forwarding agency know about your current projects and plans so that they can provide you with expert advice regarding your available options in terms of carriers and see what suits your budget.

Excelsior Worldwide Freight Logistics conducts free orientation for those who are willing to learn. It is our advocacy to share our knowledge & experience worth more than a decade in the business. Visit our website today at www.excelsior.ph to learn more about our service.

Sources:

https://www.interlogusa.com/answers/blog/get-best-rates-freight-forwarder/

https://www.kingbrostransport.com/benefits-of-hiringfreight-forwarder

/pros-cons-less-container-load-lcl/

Why Freight Shipping is Important in the Philippine Transportation Industry?

excelsior on May 15, 2020

Why is Freight Shipping Important in the Philippine Transportation Industry?

Freight shipping is the term used to describe the practice of transporting commodities, cargo, and goods via land, air, or sea. Being an archipelagic country, freight shipping plays a major role to the Philippine economy. With thousands of islands trading different products that keep the economy intact, the importance of freight shipping become even stronger especially for the transportation industry.

In this article, we have gathered some information regarding the essence of freight shipping in the context of transportation:

Freight Shipping: One of the Oldest Industries

Freight shipping is known to be one of the oldest industries in the world, entering the Philippines for as early as the pre-colonial period. During this time (around mid-16th century), the islands were already populated with trade routes used by merchants selling products from China, India, and other Southeast Asian countries. As time goes by, with the advancements in the field of technology, freight shipping in the Philippines continued to grow together with the rising demands of products that are only available in certain regions of the country. Thus, with the arrival of the colonizers, Filipinos continued to take advantage of utilizing freight shipping as a primary method of trading from one place to another.

Facts that You Need to Know About the Impact of Freight Shipping

Few people have a grasp of how freight shipping affects the world, let alone the transportation industry in the Philippines. To help you understand the impact of freight shipping, take a look at the following facts that are just outright interesting:

  • The Philippines is slowly establishing a global reputation as one of the leading ship producers. In 2010, the country was hailed as the fourth-largest producer of ships in the world.
  • According to a 2017 review of the local maritime industry, Philippines have a 4.2 market share in container ships, which makes it on par with other world-class ship producers such as China, South Korea, and Japan.
  • Several data suggested that the Philippines is a potential competitor for global container shipping services.
  • The top trading partners of the Philippines are as follows: Australia, India, Vietnam, Taiwan, Malaysia, Singapore, Thailand, and South Korea.
  • In 2016 the nation registered a +4.6 growth rate in the national fleet. Most of it consists of carriers, general cargo, and container ships.

Hurdles that Businesses must Overcome in Freight Shipping

Given the significance of freight shipping in the Philippines, businesses especially those that are still new to the industry must be able to have an in-depth understanding of how specific systems work in order for them to be successful. This involves having knowledge in the overall process of shipping, which can be quite a challenge even for the seasoned ones.

If you own a business that is aiming for reaching greater number of customers across country borders, you will need professional help to guide you all the way through the requirements. In these case, hiring freight forwarders and customs brokers is the most ideal solution.

Excelsior Worldwide Freight Logistics conducts free orientation for those who are willing to learn. It is our advocacy to share our knowledge & experience worth more than a decade in the business. Visit our website today at www.excelsior.ph to learn more about our service.

Sources:

The Impact of Coronavirus to the Freight Industry – Infographic

excelsior on April 30, 2020

The spread of the coronavirus or COVID-19 has led to many significant adjustments in modern society. In order to prevent the rising number of the infected as well as the fatalities caused by the virus, many business sectors were forced to shut off their daily operations. This might sound like a problematic situation for the freight industry since most freight professions rely on offering their services to different business institutions.

But what are specific effects that must be expected throughout the entirety of this pandemic crisis? Here is everything you need to know about the impact of coronavirus to the freight industry:

The Impact of Coronavirus to the Freight Industry - Infographic

Coronavirus and the Global Supply Chain

Due to the fact that most people are staying indoors, global demand for many products will start and continue to become scarce. Importers and exporters are going to experience any delays in the transportation of their goods. However, those that are working in the freight industry won’t have to worry too much since it will stay operational as usual, delivering the most essential goods in places where they are most needed.

Coronavirus and Ocean Freight

In an attempt to prevent the collapse of ocean freight rates, carriers decided to blank a new record number of sailings from now until around the last days of June. There is a considerable amount of cancellations in sailings, though it stays the same within the past weeks.

Coronavirus and Air Freight

Despite the drop in ocean freight demand, air freight will continue at an extremely high cargo rate due to the rising demands in the immediate transportation of urgent supplies. With the air carrier as a faster mode of transportation, freight forwarders are now recommending their clients to go with the less expensive ocean freight services that can guarantee them more space for the cargo.

Coronavirus and Trucking

The trucking industry remained operational, especially during the start of the crisis, where retail stores are more inclined to order more supplies due to panic buying. But as the people slowly adjusted to the situation, the industries that rely on trucking are keeping themselves in stable condition. The government is also cooperative with truckers as they let them pass through main roads as long as they can present a viable permit.

Tips for Transporting Your Goods amidst the COVID-19 Crisis

  • Anticipate delays – always be updated with any news that might involve your business and the transportation sectors.
  • Communicate with your suppliers – establish effective communication with your suppliers to confirm order ready dates.
  • Talk with your freight forwarder – hiring a freight forwarder can make things a lot easier as you can have someone that can assist you in your transportation needs, as well as a guide that can help you make better decisions during these hard times.

Excelsior Worldwide Freight Logistics conducts free orientation for those who are willing to learn. It is our advocacy to share our knowledge & experience worth more than a decade in the business. Visit our website today at www.excelsior.ph to learn more about our service.

Tips for Saving Money on Freight Shipping – Infographic

excelsior on November 30, 2019

For any business owner trying to sell their products overseas, saving money on shipping costs can be a breather. While it may seem like going for cheaper shipping services isn’t a good idea, there are several methods that can help any company in reducing their shipping expenses while increasing margins and enhancing customer satisfaction at the same time.

In case your shipping costs is giving a negative toll to your profit, here are some of the best ways of saving money on freight shipping:

Tip #1: Select the Most Suitable Mode of Transportation

To be an efficient importer/exporter, it is your duty to understand and assess which of the most common mode of transportations is the best one for you.

Here is a list of transportation models that are highly available today:

  • Air Shipment
  • Rail Shipment
  • Ocean Vessel
  • Over-the-Road Trucking

Knowing how to weigh your options in terms of choosing the mode of transportation can make it easier for you to select a specific carrier company to entrust your products.

Tip #2: Research a List of Carrier Companies and Compare their Rates

Expanding your choices of carrier companies enables you to periodically check whether you’re already using the least costly carrier service available or not. Try asking each carrier for a freight quote and invest in a reliable TMS software to automate this method.

Tip #3: Be Practical with Your Packaging Materials

If you’re running a retail store, reusing the packaging materials you received (like packing peanuts, air pillows, bubble wrap, etc.) from your suppliers is much more economical. You should also pay attention to the weight of your shipment. Make sure that you will prefer lighter packaging materials over the heavier ones. For example, it’s better to use packing peanuts instead of wool blankets.

Tip #4: Consolidate Your Shipment

Avoid sending over multiple boxes to the carrier if it’s possible to pack them together to form a single cargo. Consolidating your shipment can restrict its weight, density, and the odds of taking damage or loss.

Tip #5: Hire a Freight Forwarder

One of the most effective ways of minimizing your shipping expenses is by seeking the help of a freight forwarding agency. Having a reliable freight forwarder can be an advantage as they are well-connected with multiple carrier companies which enables them to negotiate the best rate for transporting your products. Moreover, freight forwarders can also provide you with knowledge about logistics in ways that could benefit your business.

Apply these five tips in your shipping operations to ensure that you will be able to conserve your resources and ultimately increase your profit!

Excelsior Worldwide Freight Logistics conducts free orientation for those who are willing to learn. It is our advocacy to share our knowledge & experience worth more than a decade in the business. Visit our website today at www.excelsior.ph to learn more about our service.

4 Facts Everybody Should Know About Freight Forwarding – Infographic

excelsior on August 30, 2019

Unless you’re someone involved or directly working in the shipping industry, there’s a fairly small chance that you already heard about freight forwarding. Unfortunately, few people nowadays tend to have a rough idea on freight forwarding, or what freight forwarders do.

Freight forwarding is the practice of organizing the transport of goods for both business and personal use, usually on an international scale. Many enterprises find themselves in trouble when trying to ship their products from one place to another due to a long and arduous process of preparing customs documentation. Fortunately, by hiring the service of a freight forwarding agency, things are now more convenient as they all have the necessary expertise and knowledge in keeping all of those legal requirements in check. Freight forwarders can also help their clients find the most affordable shipping companies as they are well-connected with a wide variety of carriers be it on land, air, or sea.

While this profession seems to be quite too technical to some, freight forwarding isn’t as complicated as it sounds. To give you some healthy dose of knowledge about freight forwarding, here are five things everybody should know about this industry:

4 Facts Everybody Should Know About Freight Forwarding

Fact #1: Freight Forwarders can offer a wide range of services

Aside from the aforementioned freight forwarding services, they can also provide other similar services in order to satisfy every client’s shipping needs:

  • Non-Vessel Operating Common Carrier – Freight forwarding agencies can act as a carrier through the issuance of their own BoL (Bill of Lading), as well as takes full responsibility for the client’s shipments.
  • Breakbulk Agency – A client that transports an LCL (Less Container Load) cargo can sometimes become less of a priority as many carrier companies give more priority to shipments of larger companies. But with the service of a freight forwarder, they can consolidate their LCL by putting together different consignees and turn it into a full container load.
  • Trucking – Some freight forwarding agencies also offer trucking services by delivering the client’s newly arrived cargo to its intended warehouse.
  • Import and Export Requirements Assistance – Freight forwarders can help clients fulfill all the necessary government requirements.

Fact #2: Freight Forwarding can bring a positive impact to a business

There are a lot of ways of how availing the service of a freight forwarder is integral for the continuous growth of a business. Freight forwarding services can optimize the usage of time as they can ensure the timely arrival of the goods including a real-time update of its location and condition. Additionally, using their connections to several carriers, they can make their clients save more money in the long run.

Fact #3: Freight Forwarders comply to specific laws when it comes in shipping certain products

Though freight forwarders are always enthusiastic it catering to the shipping needs of many clients, they are still bound by laws which may restrict their ability from administering the transportation of the following products:

  • Drugs
  • Alcohol
  • Batteries
  • Sharp objects
  • Hazardous chemicals

Fact #4: Maintaining a harmonious relationship with a freight forwarder is an advantage

Remember that in your absence, the only one that can look over your products while onboard is your reliable freight forwarder. Maintaining healthy relationships with them can make you more likely to receive a competitive level of customer service.

Having a reputable freight forwarding agency is highly beneficial for many companies as they could keep the supply chain stable for extended periods of time. If you’re a business owner struggling to comply with all of the legalities of shipping, hiring a freight forwarding agency is the best choice for you!

Excelsior Worldwide Freight Logistics conduct free orientation for those who are willing to learn. It is our advocacy to share our knowledge & experience worth more than a decade in the business. Visit our website today at www.excelsior.ph to learn more about our service.

Reasons Why You Should Hire a Freight Forwarding Company Right Now

excelsior on July 31, 2019

Thanks to modern technology, physical boundaries are not the main issues anymore when it comes to building a successful business. Every company must be aware of the fact that shipping their goods on a wider scale requires the skills and expertise of a reliable freight forwarder. These professionals possess all the necessary knowledge in dealing with all outgoing and incoming shipments in ways that can further enhance efficiency and overall productivity.

Many businesses today tend to experience some difficulties in creating a thorough plan for product shipping. Time is a very valuable resource and that’s why freight forwarders can be helpful in this kind of situation. If you’re a business owner and still quite undecided on hiring a freight forwarding company, here are some of the most entailing reasons why you should do so.

Reasons Why You Should Hire a Freight Forwarding Company Right Now

Reason #1: It optimizes your supply chain

Shipping your goods from a specific country often involves the utilization of different carries as well as some knowledge on the shipping laws of two nations. One of the main responsibilities of a freight forwarder is to take good care of everything related to the supply chain of your company.

Reason #2: It ensures that your goods are going to be delivered on time

Ensuring the timely arrival of your goods to its intended receiver is a vital factor to promote your company’s reputation. Fortunately, many freight forwarding firms do utilize the power of technology in order to notify you about the current status of your shipment in real time.

Reason #3: It makes shipping faster and easier

Shipping your goods internationally can make you accountable in undergoing a long and arduous process in the hands of customs authorities. But with the service of freight forwarders, business requirements can become much more bearable as they have a well-established network of agents, carriers, and even some customs officers that allow them to transport freight quicker than you can expect.

Reason #4: It helps you to effectively manage your logistics and prepare essential documents

Regardless of whether you’re still in the verge of selecting your carrier or preparing your documents, a freight forwarder can always help to guide you through. Simply let them know about your shipment’s destination and they can take over all the legalities and formalities that you are supposed to deal with.

Reason #5: Provides your supply chain with a broader network of logistics connection

Hiring the service of a freight forwarding company gives your business access to an expansive network of agents, carriers and customs officials. It means that with more options to choose from, you can determine ideal shipping price, saving you more money in the long run.

With all of the benefits mentioned above, hiring a freight forwarder is a good investment indeed, especially if you’re still starting to gain a competitive foothold in your line of industry.

Excelsior Worldwide Freight Logistics conduct free orientation for those who are willing to learn. It is our advocacy to share our knowledge & experience worth more than a decade in the business. Visit our website today at www.excelsior.ph to learn more about our service.

3 Most Common Freight Forwarding Scams And How To Avoid Them – Infographic

excelsior on May 30, 2019

Hiring freight forwarders is definitely one of the most needed essentials of any business owners looking to ship their products abroad. Their skills and expertise in logistics are proven to be extremely useful in making all of the requirements involved with transporting goods from one place to another much easier to bear.

However, the rise of competition amongst freight forwarding companies also gave emergence to fraudulent individuals who would take advantage of the situation. And as the client, it is highly vital for you to be aware of certain acts of deceptions used by scammers in the shipping industry, as well as how you can avoid them.

3 Most Common Freight Forwarding Scams And How To Avoid Them - Infographic

Scam #1: Holding your good’s Bill of Lading (BOL) for ransom

This kind of scam usually happens online. The scammer will pose as a freight forwarder on some popular shopping sites. They can be fairly easy to identify because they offer their “services” on a ridiculously low rate.

Once they found an unwitting client, negotiations will take place, and once the goods are packed from the port of loading, the scammers will deny the release of an important legal document called the Bill of Lading or BOL. This document serves as the proof of contract of carriage and receipt of the client’s goods. And without the BOL the port of destination will not allow anyone to claim their shipment. The client will then receive an email demanding for a specific amount of money, or hence, they will not receive their goods at all.

How to Avoid This Scam

Before contacting any freight forwarding company, be sure to know the normal cost of your shipment. Many new importers nowadays lack some diligence when it comes in the current costs of their shipment, and that’s why they easily get attracted by any low or discounted offers on the net. Be sure to look for a company that manages their own official website and try to find any client’s reviews and testimonies about them.

Scam #2: The Duplicate Name Scam

Another common example of freight forwarding scam is by making a fake site with a name similar from a legitimate company site. While it’s possible for companies to have identical names, some of these sites are designed to steal money from clients who don’t know how to distinguish a legit site from the bogus ones.

How to Avoid This Scam

You must know how to identify a legitimate site properly. First is by looking at the site’s URL. If you know the exact spelling of the company’s name, head over to the URL and see if there are any misspelled letters around. Also, pay attention to the site’s domain name. If the URL has a free hosting website on it like .wix, .homestead, or .hubspot, there is a very good chance that the site is fake.

Scam #3: Cargo Theft

Scammers doing this act of theft tend to target clients with high-valued cargos. Same with the BOL scam, they will pretend as freight forwarders offering you with suspicious discounted rates and then seemingly vanish into the thin air once they got hold of your shipment.

How to Avoid This Scam

Vigilance will always be the key. Aside from knowing whether their company website is real, you must also be curious about how they do their work as well as their terms and conditions. Ask them everything that you wanted to know and be sure that you have their respective contact numbers, including their shipping and billing address.

Finding a reliable freight forwarding company for your shipping needs is a big step towards success. You just have to practice vigilance at all times to ensure that you will not be a victim to certain scams that can cost you a lot of money before you can even start your business.

Excelsior Worldwide Freight Logistics conduct free orientation for those who are willing to learn. It is our advocacy to share our knowledge & experience worth more than a decade in the business. Visit our website today at www.excelsior.ph to learn more about our service.

4 Common Traits of the Best Freight Forwarders – Infographic

excelsior on April 29, 2019

Freight forwarders can be a firm or a company that specializes in services that make your shipping needs much easier to handle. People that engage competitively in the business industry today usually require the help of freight forwarders so that they can free themselves up from the complicated nuts and bolts of the processes involved with both importation and exportation.

With the growing number of freight forwarding companies always available to render their services to any willing client, picking the best one might prove to be very tricky. However, some characteristics can easily distinguish an excellent freight forwarder from the rest.

By knowing these four traits, you’ll be able to narrow down your choices in case you’re stuck with a list of freight forwarders that you can potentially hire in the future:

4 Common Traits of the Best Freight Forwarders - Infographic

Trait #1: Has a Good Track Record

A good freight forwarder will be much more obliged and willing to share some of their history and past achievements with potential clients such as you. Do not hesitate to ask questions about the age of their company, the number of their staff, and other relevant questions that makes them pretty reliable.

Also, be sure to visit their official website to see if they received any awards or recognition as well as testimonies from former clients.

Trait #2: Has a Reliable Network

Having a wide network of contacts from different carriers and customs officials on an international scale is a true mark of a competitive freight forwarding company. If they can communicate with people involved with the shipping process, then you don’t have to worry about the current status of your shipment which can also prevent problems like late arrivals and damages.

Trait #3: Can Establish Effective Communication with the Client

One way of knowing whether a freight forwarder you’re contacting with is definitely one of the best is the way of how they establish communication with you. If they are successful in making a friendly relationship with you right from the start to the point that you don’t have to ask them questions any further, then congratulations, you just found the one!

Trait #4: Services that Suits Your Needs

The best freight forwarders usually offer a wide range of services that are highly compatible with any kind of client. This trait makes them a very versatile partner that ensures the stability of your supply chain. So, it is highly recommended to ask them questions about all of their available services.

Take heed of these four traits, and you’re now several steps ahead of finding the best freight forwarder that can help you succeed with your business!

Excelsior Worldwide Freight Logistics conduct free orientation for those who are willing to learn. It is our advocacy to share our knowledge & experience worth more than a decade in the business. Visit our website today at www.excelsior.ph to learn more about our service.

The Impact of Natural Disasters on Freight Shipping

excelsior on April 15, 2019

The Impact of Natural Disasters on Freight Shipping

In terms of economy, any country will always rely on the continuous transportation of goods and materials that keeps the relationship between suppliers and manufacturers in harmony. This process is very critical for maintaining economic growth because any moment of disruption could bring serious adverse effects. Some of these disruptions are caused by certain deregulations in the financial industry that are to some extent, quite avoidable. However, another thing that can affect a country’s economy is freight shipping, which can sometimes depend on several factors that unfortunately are beyond our control: natural disasters.

Speaking about natural disasters in the Philippines, the likes of floods, typhoons, and earthquakes, are quite common. These calamities typically leave most of the routes that are essential for freight shipping operations unsafe such as roads and seas. This reason is also why you should also be aware of the following ways of how nature can make a significant impact on freight shipping:

The Price of Fuel

One of the most critical prices to look out for when there’s a natural calamity going on is the price of fuel in the world market. Since the cost of most goods and other services are very much dependent on the value of fuel as the source of transportation, your chosen carrier can charge you more than usual. The worst-case scenario in this situation is when there’s a typhoon going on oil refineries strong enough to make it temporarily shut down due to damages.

The Expected Arrival of your Goods

Time is more than just gold in the world of business. Importing your goods in a faraway place requires a definite amount of time to keep up against competitors that are nearer than your target customer. Moreover, if you sell something that thrives on punctuality to retain its usefulness such as food, you should know by now that delayed delivery can ruin its condition. So, if you just shipped your goods during a storm, you better expect for the worse. Carriers tend to choose longer routes over the shorter ones if they find the latter impassable due to the dangers involved.

Refusal of Carriers to take your Cargo

Natural disasters will always make most carriers to be more vigilant to take anyone’s goods. Denial of your goods directly gives detrimental effects on your supply chain, eventually losing considerable revenues in the long run. Just imagine all of your business operations being halted in such a significant amount of time.

Freight Shipping Rates

Rates for freight shipping is always flexible especially on the event of calamities. A domino-effect will most likely happen until it makes its way for you. From the impassable roads making the fuel much more expensive to the delayed accomplishment of shipping service, most financial burdens will be passed into you.

Conclusion

As a business owner looking to ship your goods, anticipating natural disasters is a key for preventing any financial loses that can delay your company’s growth. Always take heed of the weather updates and recent news before making any move.

Sources:

Excelsior Worldwide Logistics Corp.