After two decades of experience in export and freight forwarding sectors, CoLoadX CEO Fauad Shariff has seen it all. In his current position at the helm of a marketplace for freight forwarders and NVOCCs, he’s trying to help freight forwarders solve the complexities of international logistics, rather than waste time and effort shopping for rates, or tracking shipments.
Recently there has been quite a buzz in the air about freight rail and movement of cargo especially from China to Europe and how quickly the cargo is moving..
In this article I am posing the question “How significant will the freight rail revolution be over sea freight“..
Join the discussion and share your views and opinions..
“We’re in an era where complexities melt away in the face of digital capabilities,” says Eytan Buchman, VP of marketing for the online freight marketplace Freightos.
For decades, shippers were told that they had to settle for the status quo because freight was all about experience and interpersonal relationships. That’s all changing now, thanks to advanced computing and new tech.
Profitability in sea freight shipment is not a myth or a unicorn.. It is very possible.. Read how..
It is not a secret that ocean transportation and logistics is currently confronting immense change in terms of new technology, new markets, rising customer expectations, and new business models..
There have been a few articles on this blog about these advances like Blockchain based Bill of Lading, and other technologies that are shaking up the freight industry .. There are many ways the industry could develop to meet existing and new challenges, some of which are evolutionary and others are more revolutionary..
While cargo transportation is generally a complex business, in some cases it could be straightforward as well depending on how you manage it.. It is also a fact that in this high paced business environment it is not easy to follow every market trend and find answers on how to tackle the prevailing challenges easily..
Each customer and each shipment has its own issues, peculiarities, problems and characteristics.. But the main question that several shippers and services providers ask is “How to ensure profitability in sea freight shipment”..
More often than not, exporters, importers, carriers and logistics service providers experience loss due to poor planning, decision making and implementation..
A lot of people get into the industry sometimes without knowing even the basics relating to the business, the specifics relating to the business, the requirements and some of the vital information that can make or break the business.. I have even written a Beginner’s Guide to Importing for those who wanted to get into the importing business but didn’t know how..
Here are 11 steps you can follow to ensure profitability in sea freight shipment..
The days when pallets or containers disappeared into the supply chain and – hopefully – showed up on the other end weeks later are long over, says Sensefinity CEO Orlando Remédios.
In this instalment of our “Executive Insights” series, Remédios explains how, thanks to recent developments, all shippers need is a cell phone and an internet connection, and they can pretty much guarantee the integrity of their shipments.
Trade Finance Global (TFG), the leading trade information provider and international trade finance brokerage has launched a Global Scholarship to students studying international trade and shipping, in recognition of the global trade skills deficit. The first of its kind, the scholarship provides undergraduate and postgraduate students with $700 USD / £500 grants to assist with graduate studies.
If you work in logistics, there’s a good chance that your company, and even your position, will look very different in a few years. That’s because the technology that makes our jobs possible is improving so fast that we’re still struggling to catch up!
The emphasis is being placed on client satisfaction, customer management, and finances affecting the profit margins. Good organization and planning have become critical in exporting and importing. As the years have passed, the freight industry has turned to technology to increase profits by streamlining their business.
At this point, you should be asking yourself, is my company heading the right direction? If the answer is yes, the five new trends in digital technology posted below will be of particular importance. If you haven’t been keeping up, now is a great time to get on board.
From the time that languages came into being, till date there is no ONE common language around the world that is understood by all..
Every country, region has its own language which brings along with it communication barriers..
These communication barriers affect maritime industry as well, as there are seafarers of different nationalities involved in the trade.. Different nationalities obviously means different languages and there could be these language barriers when communicating between ships..
Majority of the seafarers come from countries like Philippines, Indonesia, China, Russia, Turkey, India, USA, Japan, Korea, Canada and Malaysia.. Most of these countries are Non-Native English speaking countries so one can imagine the gap in communication between ships..
The International Code of Signals (ICS) was created to overcome these language barriers and allow ships to communicate with each other especially in situations relating to safety of navigation and people..
The International Code of Signals is an international system of signals and codes used by ships to communicate short but important message between themselves..
Cargo insurance is a type of insurance that protects a buyer or seller of goods against damages or loss of cargo..
Despite insurance having been around for centuries, there is still a feeling that any form of insurance is a “grudge purchase” and in the case of cargo shipments, many people ask the question “Do I need cargo insurance for my shipment“..??
By its nature, insurance is an intangible benefit, one that can only be tested under adverse circumstances and there is nothing more adverse than cargo damage..
• Local (Street to Street, City to City, Town to Town etc)
• Provincial (Within the same province or state etc)
• National (Province to Province, State to State etc)
• Global (International trade between countries)
• Regional (Within regional trade blocs like EU, BRICS etc)
there are several modes and types of trade/shipments around the world..
Where there is a shipment, there is a possibility of cargo damage and where there is the possibility of cargo damage………………….
With so many new companies launching blockchain-based shipping products, it’s clear that maritime trade will look very different in a few years.. What’s less clear is what that change will look like..
In this article we examine what barriers still exist to widespread blockchain implementation, and what companies are doing to overcome them..
We talk to startups like CargoX and established players like Agility, Maersk, IBM, Evergreen etc. to understand how shipping is changing, and where it’s going..