Are you a thriving business in need of logistics and shipping assistance from overseas?
Some coming of age services sprout up to safeguard you from traditional chains of supply management; freight forwarding is one of them. It is a highly specialized logistics service that caters to your transport needs, regardless of boundaries and medium. If you’re a company in need of imports or a business expanding operations and need to facilitate export, don’t fret; freight forwarders can come to your secure rescue via land, air, or sea.
How do Freight Forwarders Help?
If we were to define the two basic functions of freight forwarders, that would be cargo shipping and Real-time customer service. However, there’s so much more this business entails that can save you time, costs, errors, and overbearing hassles. Based on the specialist you choose (always go for a reputed brand with tons of trusted testimonials), freight forwarders offer an exhaustive package of the following additional services:
Insurance and documentation
Packaging
Storage and inventory management
Expert export counselling, and more.
Understanding how Freight Forwarders Work
Now, you may not realize it, but there is a lot more to the working of these freight forwarders than you would think. After all, it’s not easy to do everything from packaging to storage to export counselling.
So, how does it accomplish all of the
above? Here is what happens. A typical freight forwarder goes through
three primary steps and procedures before your goods reach you or the
destination. These include:
Sort documentation and legalities — perhaps the most daunting task for businesses, documentations can be another word for hassles, especially when an offshore country is involved. Right from licenses, invoices, to declarations, a freight forwarder having your back with these can lift a boulder of weight off your shoulders.
Haulage and Handling — involves the safe transfer of goods from origin to storehouse and from the storehouse to the destination, including unloading, inspection, and review against legal documentations in origin and destination sites.
Custom Clearances — become a cakewalk when freight forwarders are in charge so that your imports and exports can flow with minimal delays and maximum efficiency.
Although the benefits of opting for a freight forwarder are far fetched, most large corporations find this to be the most cost-effective and organization friendly alternative to self-transportation.
Freight Forwarders and Top Shipping Companies
It’s no secret that companies like Amazon look at freight forwarders for daily business activities.
In fact, a household name for all of us, Amazon turned to freight forwarding as a resolution to the challenge of optimizing the bulking logistics operations and the resultant shipping costs in China. A 2016 report by Reuters stated that Amazon’s subsidiary Beijing Century Joyo Courier Service was registered with the Transport Ministry of the country as a freight forwarder, an initiative to control the inflating costs.
Australian rail, air, and sea freight forwarding, with market size of about $8bn, is a high flyer in terms of demand, despite the decline in revenue due to the COVID-19 impact. With Toll Holdings Limited and DHL Global Forwarding (Australia) Pty Limited being the Australian frontrunners, this country offers a powerhouse of growth potential for new and thriving businesses in the industry.
