International freight shipping
When determining your requirements for cost and timelines associated with international freight shipping, you need to understand how you’re going to ship, how you will pack your product in bulk, and the rules, regulations and tariffs that will be in effect for the countries your are shipping from, through, and to.
Whether by ocean, rail, or air freight, there are five common steps to the process:
- Export Haulage
- Export Customs
- Transportation
- Import Customs
- Import Haulage
Before we move on, it’s helpful to know some common acronyms logistics providers use to capture how large your shipment is relative to the size of a shipping container or standard truck sizes:
- LCL: Less than container load
- FCL: Full container load
- LTL: Less than truckload
- FTL: Full truckload
Global Trade Benefits
Global trade, also known as international trade, is simply the import and export of goods and services across international boundaries.
Goods and services that enter into a country for sale are called imports. Goods and services that leave a country for sale in another country are called exports.
Advantages of Global Trade
- Optimal use of the natural resources of a country
- Availability of different types of goods and services
- Specialisation in the production of certain goods and services
- Stability in prices of products and services
- Exchange of technical expertise
- Improved relations
- Development of transport and communication
- Improve efficiencies in terms of production and distribution of goods and services
International logistics
International logistics is the study, planning and implementation of how a business moves physical goods and materials from supplier to customer in a way that involves crossing at least one international border. It also includes the international movement of money and information. Said another way, it’s simply business logistics that span two or more countries.
Expand business overseas
Expanding a business overseas can be a goal for tech companies looking for long-term growth. However, it requires careful planning and can involve significant challenges. Here are some tips for expanding a business abroad.
- Research
- Plan
- Prepare
- Protect
- Partner
- Conform
Cross-border shipping advantages
What exactly is cross-border delivery or cross-border shipping? Let’s go back to that same example: Since you have no other alternatives, you’ll go through with the transaction, shouldering all the freight and shipping costs, without any assurance that the parcel will be delivered straight to the customer’s doorstep.
With cross-border delivery, however, you’re cutting out several phases in your traditional shipping model. The order won’t have to undergo storage in a destination/local warehouse. Instead, it would go straight to the distribution partner’s hub right before delivering the parcel straight to the customer’s address. Read on to learn more.
- Low Inventory Costs
- Flexible
- Expand Your Customer Base
- Convenient
- Minimized Delays
- Key Takeaway
Global market access
Global market access (GMA) solutions allow electrical and electronic businesses to launch their products in new markets quickly and easily. Our GoldCross Cargo’s experts team understand the challenges and complexities of the regulatory requirements you encounter in various destination markets and can help you launch compliant, safe, and high-quality products with the proper testing and certification programs.
With our expertise, we handle testing, local representation, certification, and all other aspects of compliance to empower you to break into new markets with ease.
- Achieve Compliance
- Ensure Seamless Market Entry
Exporting goods internationally
Exports of goods and services consist of transactions in goods and services (sales, barter, and gifts) from residents to non-residents. Exports of goods occur when economic ownership of goods changes between residents and non-residents. This applies irrespective of corresponding physical movements of goods across frontiers.
For example goods sent abroad for custom work are no longer counted in exports of goods and processed goods is not counted as an import of goods. However is recognized importing industrial service in the country of the payer of an amount equal to the difference between the value of the finished product and inputs. The total foreign trade balance is not changed.
Business growth through shipping
A successful shipping strategy is essential for business growth as it directly impacts customer experience and satisfaction. By implementing the right shipping strategy, businesses can ensure timely delivery of products, which in turn leads to increased customer loyalty and repeat purchases.
Efficient international transport
An effective transportation strategy not only lowers operating costs for freight forwarders but helps increase their customer base. Adopting good practices and developing innovative solutions help increase international freight shipping efficiency so that businesses gain competitive advantage.
- Choice of Transport
- Routing
- Collaboration and Load Optimization
- Making Use of Technologies