Supply Chain Management

Purchasing and supply management (PSM) is the backbone of any successful business. It ensures that organizations acquire the right goods and services at the right time, in the right quantity, and at the right price. As someone who has worked in finance and accounting for years, I’ve seen firsthand how effective PSM can make or […]

When I first encountered the concept of re-exports, I must admit, it seemed a little complicated. The term itself is often thrown around in business discussions, especially when talking about international trade, but understanding its implications and how it functions in the global market can be confusing for beginners. In this article, I will break

Road haulage is a cornerstone of the logistics and transportation industry, playing a pivotal role in the movement of goods across the United States. As someone deeply immersed in the finance and accounting fields, I find road haulage fascinating not only for its operational intricacies but also for its economic implications. In this article, I

Roll-On Roll-Off (Ro-Ro) ferries are a fascinating and integral part of global maritime transportation. As someone deeply immersed in the finance and accounting fields, I find the economics and operational efficiency of Ro-Ro ferries particularly compelling. In this article, I will explore what Ro-Ro ferries are, how they operate, and provide examples to illustrate their

A second of exchange is a vital instrument in international trade and finance. It is a duplicate bill of exchange that serves as a backup in case the primary bill is lost or delayed. Understanding its function helps businesses mitigate risks and ensure smooth transactions. In this guide, I will explain the mechanics of the

The concept of a shipowner’s lien might sound technical and complex, but it plays a vital role in the maritime industry. As someone with experience in finance and law, I can tell you that understanding this legal tool is essential for anyone involved in shipping, maritime trade, or related businesses. In this article, I’ll explain

In the world of international trade, logistics plays a crucial role in ensuring that goods move efficiently from the seller to the buyer. Among the key players in this complex web of global trade are shipping and forwarding agents. Their job goes far beyond just transporting goods; they ensure that products move smoothly across borders,

The world of shipping is vast and complex, involving a wide range of stakeholders who work together to move goods across oceans and seas. Among the key players in this ecosystem are shipping conferences. Although shipping conferences might not always be the first thing that comes to mind when we think about international trade, they

Shipping is a cornerstone of global commerce, and understanding the intricacies of shipping documents is essential for anyone involved in the movement of goods across international borders. Whether you are a seasoned logistics professional or a newcomer to the field, this article will guide you through the various types of shipping documents, how they work,

When I first started working in the logistics and shipping industry, I quickly realized how confusing it could be to understand the different weight measurements used in global trade. One of the most common units of measurement in shipping is the “ton,” but there’s more than one type of ton used in shipping, each with