A Bill of Lading, often referred to as B/L, BoL, or Waybill, holds paramount significance in international sea freight forwarding services. Regardless of the cargo type or the mode of transportation employed, the Bill of Lading is an indispensable requirement for sea freight forwarders. Essentially, it serves as a legally binding document issued by the…
The peak shopping season is fast approaching, and the question is, whether independent freight forwarders like you are ready to deal with the tremendous rush during Black Friday. Consumer interest in Black Friday has been on a steady rise year after year. Nevertheless, it remains a significant challenge for logistics companies who need to effectively…
The confluence of the pandemic and the exponential growth in e-commerce sales has injected a much-needed vitality into the air freight industry, establishing it as the foremost choice for rapid cargo transportation. The demand for expeditious cargo delivery is primarily fueled by customer expectations and the imperative to swiftly reach their intended destinations. However, despite…
The food and pharmaceutical industries are experiencing rapid growth, resulting in a significant demand for cold-chain logistics service providers. As trends continue to emerge, there is an increasing focus on expanding refrigeration capacity within the supply chain. Consequently, the independent freight forwarders are striving to keep up with these developments, adapting and evolving to meet…
The world of logistics is being revolutionized by digitization, ushering in a new era of enhanced visibility, connectivity, and flexibility. Within the freight forwarding sector, the adoption of these cutting-edge technologies has demonstrated significant potential for streamlining operations. Nevertheless, it also poses a formidable challenge, demanding a delicate equilibrium between priorities, investments, customer expectations, and…
Over the last few decades, the Indian Government has undertaken numerous initiatives aimed at bolstering the nation’s logistics infrastructure and enabling greater profitability for both multinationals as well as independent freight forwarders. According to estimates, approximately 14 percent of India’s GDP is allocated to the supply chain and logistics sector, a figure nearly double the…
In the container shipping industry, one significant pain point for independent freight forwarders is the accessibility of real-time container data. To better comprehend the challenges faced by companies in this sector, Container xChange conducted a comprehensive survey involving over 250 participants, including container traders, freight forwarders, and NVOCCs. The results revealed that a significant majority…
According to the International Air Transport Association (IATA), global air cargo volumes are projected to decline by 4 per cent in 2023 compared to the previous year. This downward trend which is attributed to the challenging economic conditions prevailing worldwide can be a problem for air freight forwarders. IATA’s latest forecast, released on Wednesday,…
Port congestion, a persistent problem in maritime logistics, continues to plague the ocean freight shipping industry to this day. However, it is important to understand the causes, the affected parties, and the strategies for safeguarding your business during such circumstances. In this blog, we are going to unravel the reasons behind port congestion and provide…
Packaging forms a crucial aspect of the operations of independent freight forwarders. Inadequate packaging can result in damaged goods and dissatisfied customers when transporting items. Optimizing product packaging methods can positively impact the business of freight forwarding companies while enhancing the supply chain. By maximizing space utilization and minimizing air within each package, freight forwarders…