What did you do to reduce freight costs in your business?
What did you do to reduce freight costs in your business? We thoroughly examined shipping routes to find the most optimal ones that reduced mileage and delivery timelines. Mapping software helped streamline analysis. Multiple orders were bundled together into larger, consolidated shipments. This allowed us to benefit from bulk discounting and lower per unit freight […]
How do you import goods from China?
How do you import goods from China? Conduct market research to identify in-demand products with healthy profit margins. Consider competition levels as well. Source and vet suppliers in China through trade portals. Check for positive reviews, certifications, and verified company profiles. Contact suppliers to discuss product details, pricing, minimums, and payment terms. Negotiate the most […]
Do containers fall off from container ships?
Do containers fall off from container ships? Yes, occasionally containers do fall off container ships. One of the primary causes of container losses at sea is adverse weather conditions. High winds and turbulent seas can lead to containers shifting on deck, becoming dislodged, and ultimately plunging into the ocean. Additionally, inadequate loading and securing of […]
The Complete Guide to Sourcing from China
The Complete Guide to Sourcing from China Why import from China? ●Technology and innovation: China has leading technology and innovation capabilities in many areas and can provide advanced products and solutions. ●Government support: The Chinese Government has a series of policy support and incentives for foreign trade, such as export tax rebates and foreign investment […]
United States Announces Extension of Tariff Exemptions for Certain Chinese Imports
The United States Trade Representative’s Office (USTR) announced on September 6th that it will extend the tariff exemption period for 352 previously exempted Chinese imported goods and 77 pandemic-related Chinese imported goods under the “Section 301” provisions. The extension moves the deadline from September 30th of this year to December 31st. The U.S. Trade Representative’s […]
Is Alibaba.com reliable?
Alibaba itself is a reputable online marketplace, but it’s essential to understand that any issues with the quality or defects of a product purchased through Alibaba are not Alibaba’s responsibility. Alibaba acts as a platform connecting buyers and sellers, and it is not a direct supplier. When considering buying from Alibaba, it’s crucial to […]
Is Amazon FBA for beginners?
This question should be analyzed based on your own experience and financial strength. If you have some experience and reasonable financial resources, or if you have a high level of accuracy in product selection, then you can start directly with FBA (Fulfillment by Amazon). The advantage of FBA is that it carries more weight, and […]
Amazon Officially Closes Small and Light Program
Today (August 29), Amazon’s Small and Light Program Officially Concludes Today, on August 29, Amazon’s Small and Light Program has officially exited the stage on Amazon.com in the United States. The European site is also set to close at the end of the upcoming month. Less than a year after the introduction of Temu, Amazon […]
The global e-commerce market is expected to rebound
Market research firm Insider Intelligence recently predicted that global e-commerce sales will grow 8.9% this year and 9.4% next year. After three years of uncertainty, the global e-commerce market has regained stability and predictability. According to its forecasts, the following changes will occur in the retail market: First, e-commerce will accelerate over the next two […]
Shipping CEOs’ Pay Packets Explode! Highest Salary Hits $7 Million
During the pandemic, shipping companies did booming business and made huge profits. Everyone is guessing how much compensation these shipping CEOs are getting. The disclosure of CEO compensation from the previous year is usually submitted in late spring. In 2022, the average compensation of the top 11 deep-sea shipping chief executive officers who disclosed data […]
