Understanding Cargo and Freight Insurance!

Cargo and Freight Insurance The supply chain is dependent on the shipment services of goods or products and accounts for a lot of revenue gained in most organizations. In the process of transportation, some goods may get damaged or even lost on deck. To counter such problems, insurance companies have come up with transportation mitigation measures that counter these problems. They have introduced cargo insurance, freight insurance, marine cargo, and air cargo insurance. Cargo insurance is a method of protecting shipments against losses that may occur in air, sea, or land transportation. This also includes physical damage or theft and loss …

Supply chain budget recommendations for 2021!

Supply chain budget 2021 Supply chain budget, COVID-19 has posed a set of new challenges that have seen a few supply chains rise, and unfortunately many falling in the semi-annual part of 2020.  A supply chain’s profitability will be determined and maintained by two key factors as follows: How each company handles its operational challenges The strategies that are important to solve the problems The internet has presented many opportunities during this pandemic season. For example, consumers have largely shifted to ordering goods and services online and receiving their deliveries at the comfort of their homes. Equally, companies have been …

Contract Logistics: The Next Big Thing Is Already Here

THE NEXT BIG THING IS ALREADY HERE. As international trade continues to evolve, logistics have followed a parallel path, evolving along with it. Which explains why we’re witnessing the almost inevitable rise of Contract Logistics. So what, exactly, is that? Logistics used to mean simply moving goods from one place to another. Today, the market is demanding more wide-ranging services and more specific processes. Contract Logistics is the answer to that demand, the ideal solution for companies that want expert monitoring and managing of their operations. Contract Logistics is the comprehensive process from production to distribution at the final point …

Drayage: What it is,And Why It’s Important 

Drayage: Why It is important? Drayage is a specialty logistics service used to move freight over short distances. While it is an essential part of modern-day intermodal shipping, dray has actually been around for centuries. In fact, its name has originated from a horse-drawn vehicle known as a dray cart. In olden times, people used dray carts for hauling very heavy loads. People used workhorses like Clydesdales and Percherons for pulling these carts. Because the freight they carried was so heavy, the horses could travel only short distances. Dray horses and carts were common sights near ocean ports, canal terminals, …