Jan 10,2024
New Forecast for World Freight Logistics: Ocean Freight Rates in 2024 - 2
International logistics is a complex and essential element of modern global business. From the physical movement of goods across borders to the intricate web of financial and communication channels that support it, every aspect of international logistics requires careful planning, attention to detail, and a deep understanding of the unique challenges and opportunities that come with operating on a global scale. By focusing on the key elements of transport visibility, chain of custody, traceability to origin, integrity of consignment, financial management, communication, and compliance with regulations, businesses can successfully navigate the complex landscape of international logistics and thrive in the global marketplace.
Distribution channel
In the realm of international logistics, the movement of physical goods across borders is a primary focus. This channel encompasses transportation, storage, production, and delivery, representing the entirety of the physical supply chain. Although it constitutes the core of international logistics, it is essential to bear in mind that it is merely one of three channels and relies on the other two to function effectively.
Financial channel
International logistics involves not only the movement of physical goods across borders but also the transfer of money in the opposite direction. Unlike domestic operations, managing the financial aspect of international transactions can be significantly more challenging.
Determining the currency of payment, available payment options, and complying with reporting and tax requirements of both countries involved in the transaction are just a few of the complexities to consider. Additionally, if a business relies on payment processing services, they must also account for the associated fees.
As such, navigating the financial landscape of international logistics requires careful planning and execution, particularly for businesses aiming to provide a seamless customer experience while also negotiating favorable terms with suppliers.
Documentations Channel
As technology continues to evolve, data sharing and analytics have become increasingly important in international logistics. Access to real-time data and analytics can help businesses make informed decisions and respond quickly to any issues that arise.
When it comes to conducting international business, effective communication is key. The communication channel encompasses various aspects, from written correspondence and verbal conversations to formal agreements and documentation, including government forms. This is vital in international logistics. It allows all parties involved to stay informed, address concerns, and work towards a successful outcome.
Streamline logistics management with eTower
eTower has docked with most mainstream platforms/systems on the market, including sellers’ platforms/ERPs (OMS), buyers, last-mile carriers, overseas warehouses (WMS), customs clearance and a series of other service parties. While rich in integrated resources, our well-seasoned tech team will evaluate special requirements and provide customized solution for each client.
1. Calculation of parcel freight includes various charges, such as:
Based on the freight Surcharge (Battery Surcharge, Fuel Surcharge, Remote area Surcharge, and other surcharge)Taxes(customs duties, value-added taxes)The insurance fee.
2. Fee plan configuration
configure rate card and surcharge for Shipper.
3. Billing region function
The charging regions can be flexibly configured to meet complex computing rules and service logic.
Support configuration of cost zones by country, city, and zip code
4. Exchange rate:
Exchange rate query (currency and conversion price date from Bank of China) and conversion.
5. Financial management function
1) Customer account management (currency addition, account opening and closing, credit setting, financial hold).
2) Accounting treatment: freight settlement, inquiry, cost adjustment.
3) Daily billing: Daily billing settlement and inquiry.
4) Shipper can recharge through eTower system, it will show the shipper amount on the financial page.
When creating the order with URL, our system can get the description and the product picture through the provided URL and generate the commercial invoice which can be used for customs clearance.
If you want to know more information and other applications, welcome to contact us, please visit our website at https://www.etowertech.com/ . We will be happy to help you out!
