At a time when international companies are focused on Supply Chain resilience and security the ‘six rights’ of procurement can play an important part. Procurement is a large part of any business and supply chain disruption can very quickly impact on the procurement operation of any business. What are the six rights? The six rights areContinue reading “The Six Rights in Procurement”
A binding tariff or binding tariff information (BTI) is a classification decision made by the local customs authority in UK and Europe on the classification of goods. The BTI outlines the commodity code or harmonised standard (HS) number the goods are classified under and the associated duty rate plus any required licenses, quotas or quantitativeContinue reading “What is a binding tariff?”
Inefficient shipping can increase your company’s costs and have a big impact on your company’s profit. Using freight consolidation services to streamline your logistics within your supply chain can give you big rewards. What is a consolidation service? A consolidation service combines all your company orders into one shipment for accurate and efficient shipping. ThereContinue reading “Shipping Consolidation services”
The coronavirus (COVID-19) pandemic has not only had, and continues to have, a terrible and tragic impact on life all around the world – its effects have also impacted and disrupted practically every industry and supply chain worldwide. At the start of the year as the pandemic grew, each country in turn implemented a protectiveContinue reading “How COVID-19 impacted airfreight rates”
With the Covid-19 still raging worldwide each country across the world is trying to protect its population with various lockdown measures. Some workers can work from home and some workers have been furloughed. For key workers such as logistics workers and drivers this is clearly not an option – goods still need to move andContinue reading “Support Your Delivery Drivers”
Many people involved with logistics will have heard of the term ‘third party logistics’ or ‘3PL’ or ‘TPL’ but what are the others? There are actually several forms of ‘party logistics’ – here I will cover 1PL to 6PL and show how the systems integrate the supply chain. The more a company moves from 1PLContinue reading “1PL 2PL 3PL 4PL 5PL 6PL – The Advancement of Party Logistics”
What is LCL? ‘LCL’ is an acronym for ‘Less than Container Load’ and is referring to the volume of the consignment you are shipping. If you are only shipping one or two pallets this is not enough to fill a 20 or 40 foot shipping container. Therefore your shipment would be packed into a shippingContinue reading “LCL Sea Freight Shipping”
When goods arrive into the UK from a third country (currently anything not within the EU) they need to be cleared through UK customs and the appropriate import duty and VAT paid. When the customs entry is submitted to UK customs there is four main routes the entry can take. Route 1 If an entryContinue reading “UK Customs Clearance Routes”
Have you reviewed your procedures for instructing your customs clearing agents lately? If not it could be costing you more than it should in unnecessary import duty, VAT and agents fees.
Your market coverage decision can seriously impact your supply chain. This latest article outlines the main decisions and how they can affect your business.