The Logistics Industry is an ever-growing market built upon international trade. IATA (International Air Transport Association), estimates that the value of international trade shipped by air in 2016 is roughly $5.5 Trillion with a growth of 3.6%. To put that number into perspective, you could buy 235 million Toyota Pruises with that much money.
As the number mentioned above suggests, international trade has become an integral part of daily business operations for most businesses. However, international shipping comes with a unique set of challenges. According to the World Shipping Council (WSC), intermittent delays are the most devastating when shipping internationally. These delays can lead to lost revenue, damage to perishable goods, loss of customer loyalty, and legal fees to name a few.
How To Avoid International Shipping Delays
Provide Correct Information
Delays can occur for a variable of different reasons. The main reason for delayed shipments is missing or incorrect information. Lousy information accounts for over 75% of all shipping delays. The following are some fundamental ways to ensure all information is correct.
- Provide as much detail as possible. For example, if you are shipping an aircraft part. It is not acceptable to only provide "aircraft part." You must document the Manufacturer, part number, and model.
- Provide actual values. As most businesses would agree, cutting costs is essential; however, while listing a lower declared value might reduce the cost of taxes or duties, it will also leave your company, the forwarder, and carrier open to fines and punishments.
- Complete shipper and consignee information. When providing the origin and destination addresses/contacts, providing as much detail as possible will reduce the time in customs.
- Work With A Forwarder
Logistics Forwarders or 3PLs are often a great place to start when shipping internationally. An experienced forwarder understands the regulations and will ensure a seamless delivery process. Additionally, they will also be able to optimize the routing and provide detailed updates during the entire delivery process. Thus, reducing the total time in transit and saving operational costs. The video below demonstrates how Airspace Technologies automates the delivery process and keeps your team up to date with real-time, data-driven notifications.
Provide Proper DocumentationBoth Entrepreneur and Forbes Magazine have cited incorrect documentation as a significant cause of delay when shipping internationally. The documents required to ship goods internationally can vary based on the commodity, what transportation service you are utilizing, the mode of transport, and the origin or destination. As a basis, you'll traditionally need the following information when shipping internationally.
- Recipient Address
- Package Weight
- Package Value
- Shipping Service
- And a Declaration Statement.
As your business starts shipping internationally more, this information or process will become more regular for your business. For more information on Domestic or International Logistics, the following articles are a significant next step.
Top 3 Reasons For Misrouted Shipments
How QR Codes Changes Shipping
Innovative Delivery Solutions For Transport.