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Just-in-Time (JIT) Manufacturing in 2024: Definition, Examples, and Pros & Cons
Last updated on February 28, 2024 by Ben ThompsonJust-In-Time (JIT) manufacturing minimizes inventory, aligning production with demand to cut costs and improve efficiency. It reduces storage and financing expenses, enhancing supply chain responsiveness. Despite benefits like cost savings and agility, JIT faces risks from supply chain disruptions and requires precise demand forecasting and strong supplier coordination to succeed.
How to Calculate the Landed Cost of Imported Products
Last updated on February 26, 2024 by Ben ThompsonBusinesses that are involved in Global Trade are faced with dozens of additional costs, fees and charges involved with importing products through to the final location. It’s imperative that buyers understand the actual final costs of imported products in advance, to make smart decisions for their business.
How the Electronic Bill of Lading Improves the Shipping Process
Last updated on February 23, 2024 by Ben ThompsonOver the past few years there have been advancements in technology that have transformed the traditional paper based Bill of Lading into an Electronic Bill Of Lading (eB/L) format. This new technology is also referred to as E Bill of Lading, Electronic Bill or Digital Bill of Lading. The new Electronic Bills of Lading can…
Vessel Still Afloat Despite Houthi Claims of Sinking
Last updated on February 22, 2024 by Ben ThompsonNew Icelandic volcano eruption prompts air traffic alerts. Keflavik Airport operational. Comparisons to Eyjafjallajokull's 2010 eruption highlight potential disruptions, but current event poses lower risks. Uncertainty remains over duration and impact on air travel.
Russia and China Declare End to Trading in US Dollars
Last updated on February 22, 2024 by Ben ThompsonNew Icelandic volcano eruption prompts air traffic alerts. Keflavik Airport operational. Comparisons to Eyjafjallajokull's 2010 eruption highlight potential disruptions, but current event poses lower risks. Uncertainty remains over duration and impact on air travel.
What is shipping container cargo consolidation?
Last updated on February 21, 2024 by Ben ThompsonOptimize shipping costs with container consolidation. Combine smaller shipments into one full container load. Save on fees and reduce damage risk. Learn how to arrange and choose the right consolidator for seamless logistics.
The Importance of a Certificate of Free Sale (Certificate for Export)
Last updated on February 19, 2024 by Ben ThompsonA Certificate of Free Sale (CFS), also known as a Certificate to Foreign Governments or Certificate for Export, validates that a product meets legal standards and is safe for consumption. It's crucial for international trade, ensuring smooth customs clearance and preventing shipment issues. Without it, exports face delays, fines, or even rejection.
House Bill of Lading Vs. Master Bill of Lading
Last updated on February 16, 2024 by Ben ThompsonThe Bill of Lading is key in shipping, acting as proof of shipment and cargo ownership. It details the contract and receipt of goods. The article differentiates between House and Master Bills of Lading, essential for global trade efficiency.
Global Uprising: Farmers Worldwide Revolt
Last updated on February 15, 2024 by Ben ThompsonNew Icelandic volcano eruption prompts air traffic alerts. Keflavik Airport operational. Comparisons to Eyjafjallajokull's 2010 eruption highlight potential disruptions, but current event poses lower risks. Uncertainty remains over duration and impact on air travel.
Ukraine’s Grain Export Surge Due To New Shipping Corridor
Last updated on February 15, 2024 by Ben ThompsonNew Icelandic volcano eruption prompts air traffic alerts. Keflavik Airport operational. Comparisons to Eyjafjallajokull's 2010 eruption highlight potential disruptions, but current event poses lower risks. Uncertainty remains over duration and impact on air travel.
Just-in-Time (JIT) Manufacturing in 2024: Definition, Examples, and Pros & Cons
Last updated on February 28, 2024 by Ben ThompsonJust-In-Time (JIT) manufacturing minimizes inventory, aligning production with demand to cut costs and improve efficiency. It reduces storage and financing expenses, enhancing supply chain responsiveness. Despite benefits like cost savings and agility, JIT faces risks from supply chain disruptions and requires precise demand forecasting and strong supplier coordination to succeed. Read More »
How to Calculate the Landed Cost of Imported Products
Last updated on February 26, 2024 by Ben ThompsonBusinesses that are involved in Global Trade are faced with dozens of additional costs, fees and charges involved with importing products through to the final location. It’s imperative that buyers understand the actual final costs of imported products in advance, to make smart decisions for their business. Read More »
How the Electronic Bill of Lading Improves the Shipping Process
Last updated on February 23, 2024 by Ben ThompsonOver the past few years there have been advancements in technology that have transformed the traditional paper based Bill of Lading into an Electronic Bill Of Lading (eB/L) format. This new technology is also referred to as E Bill of Lading, Electronic Bill or Digital Bill of Lading. The new Electronic Bills of Lading can provide many advantages for several parties involved in the supply chain. Read More »
Vessel Still Afloat Despite Houthi Claims of Sinking
Last updated on February 22, 2024 by Ben ThompsonNew Icelandic volcano eruption prompts air traffic alerts. Keflavik Airport operational. Comparisons to Eyjafjallajokull's 2010 eruption highlight potential disruptions, but current event poses lower risks. Uncertainty remains over duration and impact on air travel. Read More »
Russia and China Declare End to Trading in US Dollars
Last updated on February 22, 2024 by Ben ThompsonNew Icelandic volcano eruption prompts air traffic alerts. Keflavik Airport operational. Comparisons to Eyjafjallajokull's 2010 eruption highlight potential disruptions, but current event poses lower risks. Uncertainty remains over duration and impact on air travel. Read More »
What is shipping container cargo consolidation?
Last updated on February 21, 2024 by Ben ThompsonOptimize shipping costs with container consolidation. Combine smaller shipments into one full container load. Save on fees and reduce damage risk. Learn how to arrange and choose the right consolidator for seamless logistics. Read More »
The Importance of a Certificate of Free Sale (Certificate for Export)
Last updated on February 19, 2024 by Ben ThompsonA Certificate of Free Sale (CFS), also known as a Certificate to Foreign Governments or Certificate for Export, validates that a product meets legal standards and is safe for consumption. It's crucial for international trade, ensuring smooth customs clearance and preventing shipment issues. Without it, exports face delays, fines, or even rejection. Read More »
House Bill of Lading Vs. Master Bill of Lading
Last updated on February 16, 2024 by Ben ThompsonThe Bill of Lading is key in shipping, acting as proof of shipment and cargo ownership. It details the contract and receipt of goods. The article differentiates between House and Master Bills of Lading, essential for global trade efficiency. Read More »
Global Uprising: Farmers Worldwide Revolt
Last updated on February 15, 2024 by Ben ThompsonNew Icelandic volcano eruption prompts air traffic alerts. Keflavik Airport operational. Comparisons to Eyjafjallajokull's 2010 eruption highlight potential disruptions, but current event poses lower risks. Uncertainty remains over duration and impact on air travel. Read More »
Ukraine’s Grain Export Surge Due To New Shipping Corridor
Last updated on February 15, 2024 by Ben ThompsonNew Icelandic volcano eruption prompts air traffic alerts. Keflavik Airport operational. Comparisons to Eyjafjallajokull's 2010 eruption highlight potential disruptions, but current event poses lower risks. Uncertainty remains over duration and impact on air travel. Read More »