Cargoes Logistics

Cargo dwell time is the measure of the duration from the time a cargo reaches the customs point till the time it is provided clearance by the customs officers. Before the cargo is finally released from the terminal, it needs to be stored and managed. Higher dwelling time means that the goods need to be stored for a longer time at ports. It further leads to other challenges faced by freight forwarder, trader and end customer. Reports and surveys show that the cargo dwell time in India is much higher than other countries. When shipping from India to UAE, the import time in India can be more than 75 hours. Whereas, the import time in UAE, Singapore and Hong Kong is fewer than six hours. Such difference in dwell time reflects the lack of supply chain management system. Let us find out the challenges faced by traders, freight forwarders and the nation due to high argo dwell time at ports. Further, we will see what actions are being taken to overcome these challenges. Consequences of High C...

  Cross-border trade is growing at an exponential rate. It has already crossed $22.3 trillion in the year 2021 and it is expected to increase every year. The rise in e-commerce businesses and the opening of economies worldwide has boosted it further. All the elements of supply chain management like planning, sourcing raw materials, manufacturing, delivery, returns etc. are also booming. Hence, there are countless opportunities for new players to initiate a venture and reap the benefits of the growing business. Talking about logistics is the heart of the supply chain as it is responsible for the movement of raw materials as well as the finished products. One can invest in the logistics or a particular segment as the shipping container company. Shipping containers are like blood vessels of the trade. Containers are specialised metal boxes made of Corten steel which is durable and sturdy in all conditions. There is no commodity which can be transported internationally without a cargo ...