The use of blockchain technology in supply chain management
Trade Guide

The Use of Blockchain Technology in Supply Chain Management

Supply chain management has been an integral part of businesses since the earliest trade routes were established. From ancient Silk Road traders to modern-day e-commerce giants, efficient and transparent supply chains have always been the key to success. However, with increasing global trade and complex logistics, traditional supply chain management systems are often marred with delays, disputes, and a lack of transparency.

How to handle freight claims and disputes
Trade Guide

How to Handle Freight Claims and Disputes

The process of filing a freight claim can be complex and time-consuming, but it’s essential to get the compensation you deserve. The first step is to gather all the necessary documentation, such as the bill of lading, inspection reports, and delivery receipts. It’s crucial to submit the claim within the specified time frame and follow the carrier’s specific instructions. The carrier will then investigate the claim and make a settlement offer based on their findings.

Best Mode of Transportation for Your Shipment
Trade Guide

How to Choose the Best Mode of Transportation for Your Shipment

If you are an importer/exporter, freight forwarder or shipping expert, you can simply imagine this situation: You’ve spent weeks carefully crafting your products, ensuring they’re of the highest quality. You’re ready to ship them off to your customers, but wait! Have you considered the mode of transportation you’re using to get your products to their destination? This is the thing you should consider!

General cargo ship sinks off Japan’s coast
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General cargo ship sinks off Japan’s coast

Two seafarers have been reported dead and nine remain missing after the general cargo ship Jin Tian sank off the coast of Japan on January 25. 

The ship, which had a carrying capacity of 9,784 tonnes DWT, sank in the East China Sea, approximately 75 nautical miles south of Jeju Island, South Korea.

How to properly package and label your shipments
Trade Guide

How to Properly Label and Pack Your Shipments

To ensure a safe and successful shipment, it’s important to become familiar with government regulations towards shipping. Common labeling requirements include the name and address of sender and receiver, a barcode, hazard warnings, tracking information, and signature requirements. Make sure you follow all applicable rules to avoid problems with customs or delays in transit.

The Dipping Cost of Shipping
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The Dipping Cost of Shipping

Shipping costs have fallen dramatically in the past year, with some routes approaching pre-pandemic levels. Freightos’ data reveals that the Freightos Baltic Index (FBX) – a benchmark for global freight rates – has dropped by 80% since late 2021, signalling the end of a two-year boom period for shippers.