Steps to Competitively Price Your Import/Export Product (Infographic)
Is Your Broker Really a Licensed Customs Broker or A Fixer? (Infographic)
When it comes to importing, it’s extremely important to hire a customs broker who can clear your goods safely, quickly, and most importantly – ethically and legally.
However, it’s a common knowledge that there are still unscrupulous importers who use illegitimate people, known as “fixers” to conduct questionable transactions at the Bureau of Customs (BoC) primarily to save on cost or enter illegal shipments insider the country.
Here are some key points that will tell you if the broker you hire is a licensed customs broker or a fixer.
Common Mistakes in Import & Export Business (Infographic)
The import and export business is still the most lucrative industry anyone could venture into. Aside from the wide range of goods to choose from, playing a critical role as an importer/exporter can help you generate anywhere from a few thousand to millions of dollars monthly in revenue.
While the import/export business may be highly attractive to those who want to start a business with great potentials to generate large revenues, not playing your cards right or making petty mistakes can cause you to lose a great portion of you import/export business, here are six common import/export mistakes to avoid at all costs:
Advantages of Being an Accredited Importer (Infographic)
Responding to the economy’s endeavor of progress, a factor of its primary resource needs to comply and go with the flow of its demand. Through importation, Philippine economy continuously grows and expand. However, the government which is responsible for regulating and facilitating trade, implement strict policies on the importation process in order to prevent smuggling and to combat tax fraud and evasion.
Accreditation of importer is a necessity when facilitating a transaction with the Bureau of Customs (BOC) wherein ease of processing of documents and release of goods are involved. Importers need to be accredited with the BOC which is indispensable because once you are not, the agency will not recognize your papers. Otherwise, gaining accreditation from the Bureau equals to certainty that your shipment will be entered in any customs office at ease.
Importation is a Privilege given by the government. It is not a right.
Why You Need A Legitimate Licensed Customs Broker (Infographic)
To be successful, one should have a full grasp of the complexities of trading such as the customs rules and regulations that need to be understood and followed throughout the whole importation process.
6 Tips on How to Source Goods for Your Import Business
Knowing the products that are in-demand in the market is one thing, knowing how to source them is another. Aside from having a sufficient importing knowledge and partnering with a reliable freight forwarder, much of the success of importing operations depends on how effective you are in sourcing products for your business.
While learning the ins and outs of sourcing can be challenging, there are ways to make it more actionable for you. In this infographic, Excelsior Worldwide Freight Logistics will present to you six importing tips that will help you.
Types of Container Units Used for Shipping Cargo – Infographic
Aside from gargantuan cargo ships, another object that most people often associate with international shipping industry is container units. These long, rigid, metal boxes form the most integral part of the entire shipping industry- and are the structures that shippers rely on to store various types of cargos that need to be transported from point A to point B.
Having said that, a variety of container units can be used depending on the type of products to be shipped or the special features. To know which one suits best to the products your business is shipping, check out this infographic.
10 Mind Blowing Facts About the Worldwide Shipping Industry
One of the oldest industry in the world is the shipping industry. Though it is often unacknowledged by many of us, it plays a very crucial in today’s global economy. In fact, almost 90% of the things we purchase and use today – from smartphones and construction materials to toiletries and utilities like oil – arrives via ship, according to Rose George in his book Ninety Percent of Everything.
In this post, we will take you on a journey inside the little-known yet very interesting world of shipping and discuss the most amazing facts that surround it.
Top 10 Ports in the World (Infographic)
For centuries, ports have played a critical role in global commerce, making it possible for different countries to acquire its much-needed resources and products that are impossible to transport through other means. For importers and exporters, ports provide them with benefits that come from foreign resources and investments, as well as the advantage of having access to larger and more open markets.
With such importance, there has been a steady support for constructing new ports around the world in the past recent years. According to World Port Source, there are more than 4,500 ports that are currently serving the global market.
That said, there are ports that are “busier” than others. In this post, we will present the top ten ports in the world in terms of container traffic passing through them.
What to Expect in Shipping Industry This 2017? (Infographic)
Last year was a ride of incredible ups and downs for the global shipping in the industry. From financial pressures to overcapacity and numerous consolidations, a lot of challenges and shifts has surfaced in the world of global transportation last 2016, which was topped by the bankruptcy of Hanjin Shipping, South Korea’s biggest container carrier, and the world’s seventh-largest.
That said, the financial crisis from the previous years has really impacted the shipping industry in a very big way. Faced with harsh headwinds, many shipping firms are now setting their sails for the incoming shifts and trends in the global shipping industry this year 2017. Check this infographic as we present to you where the shipping industry is heading to this 2017.
