If you are a rookie in the export-import business and you are facing the dilemma of whether to buy containers or simply just lease them, we might be able to help you. This question can be a tad perplexing and you might find deciding on one of them a little tricky! Need not worry, we will help you to understand what decision will benefit you the most and aid in the success of your business. Since there is no definitive answer, it is subject to the choices you make as per your needs. For instance, few prefer to buy shipping containers as they consider it as the most cost-effective option considering the long term scenario. Whereas other people carry shipments for electronics and big-ticket items or those who have a short term usage (maybe a couple of months) then the feasible option for them is to lease shipping containers. Following factors are generally considered while reaching a final decision: • Cash flow • Managing expenses • Cost-effectiveness • Inventory • Lon...
With changing time and increasing customer’s expectations, businesses are working hard to meet the demand of the current market. The same is true for the freight forwarding industry too. As compared to earlier, today, people expect delivery in the least time possible. They want to track their order and want to get informed of every detail- from placing orders till final delivery. The freight forwarding sector is thus worried about the changes and the future as other industries. The uncertainty and confusion brought by the new macro trends demands for more efficiency and advancement. Amid all this, freight forwarders are facing an increasing number of challenges that keep growing as the years go by. The outbreak of novel coronavirus has poured butter on a burning flame by increasing the challenges faced by the freight forwarders. In this article, we will be talking about the basic challenges being faced by them Bunker Surcharge Fluctuation: Bunker fuel is the generic te...