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.

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Choice Logistics

For more than 50 years, Choice has helped the world's leading companies better manage their global supply-chains. We offer enterprise-grade warehouse, inventory, and transportation management solutions through our global footprint of 400 stocking locations, regional distribution centers, and transportation hubs in more than 80 countries. Beyond 3PL solutions, Choice offers parts planning, field engineering, HW/SW configuration, depot repair, and asset recovery support. Companies turn to Choice to compress time-to-market, provide differentiation in the market place, and remove costs.

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