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Global Forwarding

Case Study: How Generac Power Systems Cut Millions from Its Global Transportation Spend

How Generac Power Systems Cut Millions from Its Global Transportation Spend | Transportfolio

generac-case-study

It’s exciting when your company grows rapidly through merger and acquisition. It’s challenging, too, and managing through change can be difficult. Yet, there are steps you can take to standardize processes and systems—and do it quickly with the right tools and resources. Generac Power Systems, the number one manufacturer of home backup generators, became an international company in a few short years and developed a global supply chain that is now prepared for the next stage of growth. Here’s how they did it.
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A Brief Introduction to China Customs: How It Works in Shanghai

A Brief Introduction to China Customs: How It Works in Shanghai | Transportfolio

It surprises many China exporters to discover that there is no single customs entity in China, and no unified customs export processes, standards, and requirements across the country. Each Customs office has its requirements, and exporters need to learn the requirements for the areas where they will seek clearance for their China exports to avoid potential delays. Still, it is helpful to look at how the export process works at the Shanghai Customs office to understand the roles that exporters, freight forwarders, customs brokers, and the Customs office all have to play. There are steps you can take as a China exporter for faster clearance through Shanghai Customs, and things your forwarder should be doing to help you if your products are held for inspection.
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Red Alert! A Customs Audit May Be Closer Than You Think

A Customs Audit May Be Closer Than You Think | Transportfolio

U.S. Customs and Border Protection (CBP) is stepping up enforcement of import trade compliance. As more and more companies are experiencing a Focused Assessment, you have to wonder whether your company might be next. Here’s a primer on who’s likely to be audited, and what you should do before, during, and after a visit from CBP.
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Global Shipping Trends: What to Expect in 2018

Global Shipping Trends: What to Expect in 2018 | Transportfolio

Ocean-Shipping

Overall, 2017 has been a good year for the ocean shipping industry. It’s a big switch from 2016, when the bankruptcy of Hanjin, one of the largest container shipping providers, forced everyone to confront how volatile this industry really is. Now, at the tail end of 2017, we are starting to see most carriers’ operating margins improve, driven mainly by robust demand, positive inventory developments, and higher rate levels. While this is very positive for the shipping industry, you have to wonder. Will the positive recovery continue? Or is this simply part of the cycle we’ve experienced between 2008 and today—a vicious cycle where carriers are truly profitable for only 3 to 4 years at a time?
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