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Industry Basics

Cargo Ready Date

The pickup and delivery of the container may be delayed if certain tasks are not finished in advance.

Industry Basics

Import General Manifest

The customs department may halt the shipment of goods because of improper IGM filing, which could be harmful to the entire shipping procedure.

Industry Basics

Currency Adjustment Factor

To calculate the currency adjusted freight rate, the CAF percentage is multiplied by the freight rate.

Industry Trends

Global Shipping Alliances

Each alliance is built on these vessel-sharing contracts, which let carriers within an alliance widen their service areas and geographical reach.

Industry Trends

2022: Year in Review

Since mid-2021, issues with semiconductor chip availability have limited the production of a variety of electronic and automobile items.

Industry Trends

Indian Economy – November 2022

Emerging market economies (EMEs) continue to experience unpredictable capital flows, and global spill overs endanger growth prospects.

Industry Basics

Switch Bill of Lading

BL must be revised to reflect modifications to the destination ports and the descriptions of the cargo, or in which shippers may wish to omit the supplier's name from the bill.

Industry Basics

Bullwhip Effect

The firms closest to the consumer will increase inventory in response to rising demand. The front end of the supply chain will reduce inventory when demand declines, compounding the extra inventory on each company further up the supply chain.

Industry Basics

Third-party Logistics (3PL)

A company can also avoid making enormous infrastructure investments by using a 3PL provider for supply chain management because it can provide warehouse space, transportation, staff, and tracking technology, among other things.