Category:- Logistics
You can find all the logistics related posts here.
Role Of Artificial Intelligence In Logistics
New technology such as artificial intelligence (AI) has impacted most industries and logistics is no exception. The advancement of AI has transformed the world of logistics. Among the most notable breakthroughs made possible by this technology are warehouse automation, self-driving vehicles, predictive analytics, and intelligent highways. This robust technology enables the automation and simplification of multiple operations, enabling businesses to save time and money.
5 Key Types Of Customs Duty
Import duty is a tax levied on commodities brought into the country from foreign countries. Duties are calculated based on a variety of factors, including the items’ value, origin, and kind. They are established and serve as a source of revenue for the government, as well as a safeguard against fierce international competition for indigenous companies. Tariff and customs duty are synonyms for import duty. This article will discuss the various Customs Duties categories that you should be familiar with.
What Is Customs Duty?
When commodities are transferred across international borders, customs duties are imposed. It is a tax imposed by governments on products exported and imported. Taxation is advantageous for a variety of reasons. For example, it safeguards a country’s economic stability, employment, and ecology. It is in charge of regulating the import and export of goods.
What Is Customs Clearance?
Customs clearance is an essential procedure before importing or exporting goods internationally. Once a shipment is cleared, the shipper provides documents confirming the payment of customs charges, and the package can be processed. Customs clearance becomes more accessible when a customs broker is consulted throughout imports and exports. Continue reading the blog to understand the concept of customs clearance better.
10 Best Cold Storage Companies In India
The need for temperature-controlled warehousing is growing, and many cold storage companies are developing new technology and sophisticated methods to meet the demand. Find the top 10 cold storage companies in India.
Business Intelligence Solution for Intralogistics
Next week Picavi, the leader in Smart Glasses technology, will be exhibiting at MODEX 2022 on Booth# C7877 from March 28-31. Before the tradeshow, please have the pleasure of learning more about the company’s business intelligence solution called Picavi Cockpit with Analytics.
6 Proven Tips To Reduce Shipping Costs
Understanding how to cut shipping expenses is critical for your business. Larger firms employ free shipping practically everywhere to make it more difficult for the average business owner to compete. Low delivery costs are thus a critical component of your inventory for increasing your margins. There are numerous methods for lowering your shipping costs. Learning how to cut shipping expenses may increase your profit margins. Ultimately, the money you save can be put toward growing your business. However, how can you save money on shipping?
6 Common Types Of Bill Of Lading (BOL)
A bill of lading (BL or BoL) is a type of a legal document that is issued by a carrier to a shipper which contains information about the nature, quantity, and destination of the goods being transported. When the courier delivers the goods to a set goal, the Bill of lading also serves as a shipment receipt. To assist you in understanding them better, we have identified and classified some of the common types of BOLs.
10 Biggest Challenges Faced By Logistics Companies
Without effective logistics, a business will struggle to remain competitive in today’s fast-paced global market. The world is getting increasingly complicated and integrated, which enables greater economic progress and results in new and unanticipated market disruptions. The logistics business will face both possibilities and problems in the future decades. Businesses should optimize their logistics systems to remain competitive as new technology, automation, and artificial intelligence enter the market.
