Integrated logistics to enable efficient distribution of COVID-19 vaccine

Press Release

COVAXX and Maersk enter partnership to supply COVID-19 vaccines globally.

The goal is to bring a much needed COVID-19 vaccine to emerging and developing nations. The agreement establishes integrated logistics to enable efficient worldwide distribution of COVAXX’s COVID-19 vaccine. The aim is to distribute up to a billion doses of the COVAXX synthetic vaccine worldwide in 2021. 

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Product Review : Centersource Platform

pr

Timber is one of the most common and popular forestry products shipped around the world, in various forms, using general-purpose ships, specialised log carriers, and also in containers..

The global export value of just Sawn Timber Softwoods (one of many different types of timber and forest products) is reported to be around $22 billion out of a total forest product export value of around $270 billion..

Due to the nature of the commodity, timber is usually moved in large quantities across various trade lanes and there are several processes to be followed for the shipment..

Right from order placements, creating the required documentation, transferring the same, booking the cargo with the lines, monitoring the movement of the same and ensuring the supply timelines are met, there are many intricate processes involved..

Many of these processes are still done manually, which results in inefficiencies in the business..

As per industry research, people spend a lot of their daily time on below points

  • 40% of their time trying to calculate CIF prices for the product
  • 25% sending offers
  • 65% drafting documents
  • 40% sharing information and trying to stay up to date
  • 20% tracking and tracing their shipments
  • 80% of those interviewed said they use Excel or Shared Folders to organise their shipment deals and files
  • 100% said they communicate using phones and email
  • 100% rely on free-tools (not always the most reliable) to track shipments
  • 64% of the respondents said sharing or collecting market updates is their largest problem

What if there is a platform that says you can do all of the above seamlessly and more efficiently..

As per Centersource, their Timber Exchange platform can do all of the above and even save you money while doing it.. Here is my review of their platform..

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Shipping your first container..?? Here are some tips to help you

first time

In anything that we do in life, the first time is a scary thought – first time on a bike, first time driving a car, first time swimming, first date, first kiss ……………….. etc..

So why should shipping your first container be any different..??

It could be a scary thought if you are a first-time exporter or importing for the first time, but like everything else, if done and handled correctly, shipping your first container can be a good experience as well..

Here are some tips to assist you in shipping your first container..

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India contemplates National Logistics Law to boost logistics sector

Government of India

With a view to promoting the growth of the logistics sector in India, the commerce ministry is considering replacing the multimodal transportation of goods act with a full-fledged national logistics law.

The announcement was made during a webinar organised by industry chamber PHDCCI .

This move comes in the background of the fragmented nature of the sector, which has been an area of concern for a long time.

A Press Release dated July 4th stated, “Digitization of Logistic Sector will help bring efficiency and realize the vision of Aatma Nirbhar Bharat (Self-Reliant India).”

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4 tips to reduce cargo damage and save money on shipping costs

cargo damage

Shipping damage is a massive threat to any products that travel on the supply chain.

As per a Statista survey, eighty per cent of consumers say they’d return a product they received that was damaged in shipping.

The more your products get damaged in shipping, the more money your company loses and the effects of that loss can spread throughout your organization, causing both direct and indirect expenses and affecting sales.

Here are 4 tips to reduce cargo damage and save money on shipping costs.

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Difference between Maritime, Shipping, Freight, Logistics and Supply Chain

To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics and Supply Chain ..

But once you are involved in the business or know about these businesses, you will very soon understand that these are very different industries with different workings, assets, architecture, requiring very different sets of qualifications, experience, expertise, knowledge and attitudes..

In this article I unpack the difference between Maritime, Shipping, Freight, Logistics and Supply Chain and how it is all connected..

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6 tips to preparing your cargo for international shipping

cargo packaging

For businesses that ship internationally, return of goods due to damage in transit can be a huge burden in terms of time and money.

Here are six tips on how to prepare your cargo for part or full load shipments and prevent lost revenues when using worldwide parcel delivery services.

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The Logistics of Lunch

Opinion Piece

Logistics, a word widely said to have originated from the military ranks centuries ago is currently on the cusp of technological and digital changes with solutions that promise to transform every sector in logistics, be it driver-less trucks, automated warehouses, blockchain enabled documentation etc..

However there is a grouping of people handling logistics distribution that does not seem to require these advances and have been handling logistics in the same effective way since 1890..

This service has been given a Six Sigma rating by Harvard Business School which means the service makes fewer than 3.4 mistakes per million transactions which translates to around 400 delayed or missing deliveries in a year..

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So you want to become a Freight Forwarder huh..!!

Opinion Piece

First question you need to ask yourself is WHY..?? 

It is important that you understand the purpose of wanting to become a freight forwarder.. What is the objective..??

  1. Maybe its your intrigue or love of the industry and your ability to connect people and businesses ;
  2. Maybe because you are tired of the current forwarders in terms of their service offering and their attitude towards business and you think you can do it better ;
  3. Maybe you think you have a set of loyal customers who would support you if you ventured out on your own ;
  4. Maybe its the glitz and glamour that you see some of the freight forwarders exhibiting especially the new startups who the venture capitalists are fawning over ; or
  5. Maybe you are truly well versed in the business and you decided it is time for you to strike out on your own..

Whatever the reasons for you wanting to become a freight freight forwarder, here are 6 points you need to consider and a few things you need to get right first..

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6 tough questions to ask a potential fulfillment provider

Shipping and Freight Resource Press Release

Whenever you think of ecommerce, you will have to naturally think about warehousing, shipping, and fulfillment providers as these go hand in hand.

But finding a fulfillment provider that suits your requirement may not be as easy as expected. So if you are ready to make the leap and outsource the fulfillment of your orders, carefully consider below points on who you partner with.

There are lots of challenges when selecting a fulfillment provider, but they aren’t insurmountable. Choosing the right fulfillment house does require great deal of due diligence. After all, these companies will receive, store, pick, pack and ship your products and have an enormous impact on the customer purchase experience.

To protect the integrity of your brand you need a trusted partner. To determine who that should be, put them through the paces with these six key questions.

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Cargo theft statistics and trends

shipping and freight news

Cargo theft can occur anywhere along the supply chain affecting local logistics, transporters, storage yards, groupage operators, LCL consolidators, ports, depots, terminals, insurance, carriers and freight forwarders equally..

BSI Supply Chain Services and Solutions assesses that companies lose more than an estimated $76 million in UK alone due to cargo theft highlighting the seriousness of this issue..

TT Club one of the leading providers of insurance and related risk management services to the international transport and logistics industry and BSI have come together yet again to release the second edition of their report on global cargo theft covering the full year of 2018..

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