Today the internet is so much a part of our world and lives that most people do not realize there was a time when there was no internet. The internet has transformed global trade and business. The internet has revolutionized global trade and business in numerous ways, making it easier and more convenient for […]
Anyone that is buying or selling products is part of the supply chain. If you are buying products from overseas, it is good to understand what a supply chain looks like. The supply chain looks at the network and connection between suppliers and companies as they create, manufacture, and distribute a product to the end […]
Cargo ships are massive vessels that must be built to safely carry goods across the world’s waterways. But like many things, such as seaworthiness and who is a liability for damage to property or life can be pretty complicated. Cargo ships are considered seaworthy if they can show they meet international standards for seaworthiness. As […]
Today some container ships are so large that they are longer than four football fields. These same ships are loaded with thousands of containers filled with products. A shipping container ship can float with all the weight of the containers because of the principles of buoyancy and flotation. Because these principles depend upon weight balance, […]
If you want to send goods from one place to another, most people will use the words freight, shipment, and cargo for the goods being shipped. These words are used interchangeably to mean a product goes from one point to another. The words freight, shipment, and cargo can mean the same thing, but there are […]
Almost all companies and organizations need to be concerned with purchasing goods and services if you’re part of the global supply chain. In other words, their inventory procurement. Inventory procurement is the process of identifying suitable suppliers for a company. As procurement is a strategic process, inventory procurement will also work with suitable suppliers and […]