6 Common Mistakes in the Import & Export Business

May 11, 2018

In the import-export industry, you can use your individual competitive advantages to serve as a matchmaker or middleman for companies in your locality.Being an import-export merchant means buying merchandise from a manufacturer – foreign or domestic – then reselling those goods around the world. Although this kind of venture might seem complicated at first, one can efficiently build wealth from it given that he/she posses the right skills and knowledge about international trade.As soon as an import-export business starts operating internationally, there are many additional factors which can have a big impact on its success. Exporting and importing goods are not just the backbone of any large, successful companies; it is actually the core that helps national economies grow and expand.To run an efficient and successful import-export business, there are some pitfalls which you need to be aware of. To find out what these pitfalls are, check out this infographic from Excelsior Worldwide Logistics which discusses the common mistakes in import and export business.

Spotlight

Spencer Boys Transportation, Inc.

Spencer Boys Transportation, Inc. provides excellence in transportation services and supply chain logistics solutions from truckload to LTL, rail intermodal, ocean and air cargo service, ground expedite, 3PL, multimodal and intermodal, and even warehouse services.

Other Infographics
news image

Warehouse Safety

Infographic | February 21, 2020

Health and Safety is a major concern for the Supply Chain & Logistics industries, where hazards and workplace accident risk are significant. We’ve gathered some stats from Safe Work Australia to illustrate the above, as well as recommendations on how to run a safe warehouse:

Read More
news image

6 Benefits of Warehouse management systems in Supply chain

Infographic | July 11, 2023

Boost supply chain with the benefits of warehouse management systems. Streamline inventory, increase accuracy, enhance productivity, and more.

Read More
news image

Optimize Warehouse and Distribution Efficiency with Cold Chain Symphony

Infographic | July 11, 2023

Learn to optimize warehouse and distribution processes. Discover innovative strategies to streamline operations, reduce costs and boost productivity.

Read More
news image

TOP ISSUES FACING 3PL'S AND COLD STORAGE WAREHOUSES

Infographic | January 6, 2020

Power consumption: Energy cost have increased 33% over the past decade. Consumption rose from 5.25 c/KWH to over 7.01 c/KWH this accounting for nearly 15 percent of the facilities operating cost. Next to energy, labor costs are the second largest concern for a 3PL warehouse. The demand for skilled labor is at an all time high with manufactures, repack operators and other warehouses and retailers all competing for the same worker.

Read More
news image

How Blockchain Can Help the Logistics Industry

Infographic | December 6, 2019

India's logistics industry will be worth USD 215 billion by 2020. A significant portion of it is still dependent on manual paperwork. A large number of companies and contractors can lead to delays, lost forms or late approvals. A transparent and decentralised digital ledger system that tracks changes in possession and ownership of goods in real-time.

Read More
news image

E-TAILER 2022 TRENDS

Infographic | May 14, 2022

DHL eCommerce Solutions hasidentified the following trendsthat it expects will continue or intensify in 2022 in the U.S.

Read More

Spotlight

Spencer Boys Transportation, Inc.

Spencer Boys Transportation, Inc. provides excellence in transportation services and supply chain logistics solutions from truckload to LTL, rail intermodal, ocean and air cargo service, ground expedite, 3PL, multimodal and intermodal, and even warehouse services.

Events