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Trade & Industry Advisory
Cogoport comes to rescue the Logistics Industry
Global Trade is becoming more difficult due to trade knowledge and the execution gap widening. A financing gap of USD 3.4 trillion was also recorded in the wake of COVID-19. Governments all around the world are noticing all this and centralising the logistics process has become a hot topic. While it is clear by many stances, that shipping lines are benefiting from their dominance in the market, the change government aims to bring is also gradual. Read more about it here.
05 April 2022
Ship Now Pay Later financing option now available
At a time when shipping costs are skyrocketing to record highs for reasons well known, the logistics industry is slowly embracing Ship Now Pay Later (SNPL) financing option akin to the retail realm’s Buy Now Pay Later (BNPL). SNPL enables businesses and exporters to avoid paying total freight charges at once by offering easy repayment options up to 90-day credit cycles, thereby optimizing the cash conversion cycle to make crucial decisions on new products investments, hiring, and expansion among others. Read on to know more about SNPL.
05 April 2022
Trade Update Review - April 5th, 2022
As March transitioned into April, the shipping world learnt through Sea Intelligence that global shipping lines raked in an astounding operating profit of over $110 billion in 2021 while MOL started promoting ships parts recycling from Turkey and a consortium of three ocean carriers launching services to Chennai & Vizag. Meanwhile, the Indian government shared a list of 26 national waterways viable for cargo and passenger movement. Read on to know more.
05 April 2022
Trade Update Review - March 17, 2022
The first week of March in the world of shipping started off with MOL completing 100 percent acquisition of Utoc Corporation, Oracle introducing new logistics management capabilities and DB Schenker & CMA CGM teaming up to offer regular emission-free ocean freight. However, the Russia – Ukraine war has emerged as a major dampener for global trade, raising shipping costs and disrupting manufacturing.
25 March 2022
Export packaging: Integral Part of Shipping
Industry standards compliant export packaging is a crucial part of international trade. The job of a shipper or exporter doesn’t end with just manufacturing world-class products but also adhering to country-specific and international standards while wrapping his wares for onward shipment through a vessel, aircraft, or a truck for the ultimate buyers. Failing to do so can lead to heavy fines and massive delays, coupled with disrepute. Read on to know the key role of export packaging in international trade.
25 March 2022
Trade Update Review - March 7, 2022
February ended with PIL launching a new service connecting China and Australia, Hapag – Lloyd unveiling China Germany express service, MOL and partners setting a world record on autonomous navigation and Maersk launching an intermodal freight service linking the Far East to Europe. Closer home, India expects to see 80 percent exports to UAE to be duty free post FTA. Read on to know more.
10 March 2022
Trade Update Review - February 24, 2022
Operating a bunkering vessel on biodiesel, enabling VGM input on mobile app and widespread availability of end-to-end DP World visibility platform CARGOES FLOW have enlivened the shipping world in the beginning of February’s second half. Other noteworthy developments include MSC emerging as the top feedering provider, CMA CGM vowing to stop carrying plastic waste and first paperless trade finance transaction through TradeLens. Read more
04 March 2022
Trade Update Review - February 15, 2022
February second week saw ONE adding a new service linking North China and Straits to ZIM enhancing Latin America services, OSRA being introduced in the American Senate, MOL signing a slew of agreements, the Indian government assuring to raise tonnage under its flag and the new SEZ law to be WTO compliant. Read more
24 February 2022
Ship Now Pay Later, salve for cash-strapped SMEs?
India’s MSMEs have the potential to spur growth and help India become a $5 trillion economy. However, they lack financial support and lack of access to capital to fulfil their potential. There has been a recent surge in innovative solutions to tackle this issue. Cogoport launched a Ship Now Pay Later facility for importers and exporters through which customers can avail payment cycles for up to 90 days. Read more.