Freight forwarding plays a vital role in determining the landed cost and delivery timeline for any product. Leading businesses are able to establish ateh right balance between the costs and product availability. The freight cost makes up a considerable part of the landed cost and assists when deciding the market price for your product. Economical freight costs can assist in developing a lower landed cost and hence a better market position against your competition and improved profitability. There are some smart strategies that importers and exporters can use that include using the most appropriate transportation medium, collaborating with an established freight forwarder, signing long-term freight forwarder contracts, efficient packing, stuffing and complete-accurate-timely (CAT) documentation to make the freight forwarding operation for your products economic and immaculate.
Read on to learn 5 smart strategies you can use today to ensure operational excellence and economical freight forwarding operations.