If you’re a business owner looking to expand your customer base beyond domestic markets, you’ll need to ensure that your company is import export ready. But what does that mean, and how do you get there? In this blog post, we’ll answer those questions and provide you with a simple process to achieve import export readiness. What is Import Export Readiness? Import export readiness is the ability of a business to efficiently move goods and services between domestic markets and international export markets. This readiness involves four key factors: physical infrastructure, legal framework, human ..read more

5 Ways to Protect Your Business from the Effects of War Businesses will always have to face unexpected circumstances. Sometimes they can be as severe as a war, as is the case in 2022 with Russia and Ukraine, that can put a company out of business. However, there are businesses that thrive even when the economy is in peril or there’s a natural disaster. The reason is that some businesses have made efforts to protect their business from the potential effects of war. In this blog post, you will learn about the effects of war on businesses and discover 5 ways to protect your business from its effe ..read more

Here are 3 reasons to get a Forwarding Agent. When you run a business, it means that you need to be a jack of all trades, a master of some and ninja in others. There are so many different things that you need to handle as an entrepreneur. If you’re not the kind who can juggle multiple tasks at once, then it might be time to outsource some of those responsibilities. If you’re going to grow your business, you will want to make sure that each part of it is working as best as it possibly can. That means streamlining anything that isn’t working well or that could be done with greater ease. One area ..read more

As global trade continues to evolve, it is essential to make accurate predictions about the future of international imports and exports. In 2023, the world of international trade is expected to be vastly different from what it was 5 years ago. With the rise of global e-commerce, a rapid increase in automation, and shifts in consumer preferences, the imports and exports of goods and services across the world will be drastically different. Moreover, the geopolitical landscape is ever-changing, meaning the ability to accurately predict the future of international trade is becoming increasingly di ..read more

As an exporter, you’re probably used to thinking of export as a destination rather than as a process. However, the way your goods are shipped, and the documentation involved in getting them there is just as important as where they’re going. The export process is the set of activities that your products go through when being exported from one country to another. It includes all the necessary measures for exporting goods from one country to another, whether it be by air, land or sea. Once you have decided which markets you want to start exporting your products to and set up your initial plans an ..read more

Namibia is a fairly small country on the African continent, with just over 2 million inhabitants. Despite the country’s relatively small population, it has a thriving economy and exports are one of the reasons why. In fact, exported goods account for more than half of Namibia’s GDP. Trade between countries has positive effects on both parties involved, which is also why exporting to Namibia makes sense for businesses in other countries. This article details a few things you need to know about exporting to Namibia including its trade policies, how to find potential partners there, and what ince ..read more

If you work in sourcing or product development, you’ve probably been asked about your China alternatives at some point. The truth is that the market for importing from China has changed a lot in recent years. That’s because, while it’s still an excellent option for many products, it’s no longer the only one. In fact, there are now so many viable alternatives to importing from China that it can be difficult to keep track of them all. There are lots of great reasons to go with Chinese suppliers in particular situations. But there are also many great reasons to choose a different country (or even ..read more

Welcome to this “The Basics of International Trade Agreements: A Comprehensive Guide“. In today’s global economy, businesses must be equipped with the knowledge and tools necessary to thrive. International trade is a key driver of economic growth and opportunity, as it opens new markets and facilitates access to raw materials, intermediate goods, and final consumers. Businesses that thrive in this environment have an innate understanding of how to best capitalize on opportunities. That’s why knowing the basics of international trade agreements can help your business thrive in any market enviro ..read more

A Simplified Guide To International Trade Terms Understanding Incoterms is very important, so it’s a good thing you are here! When you enter the international trade arena as a newbie, it can feel overwhelming. Terms such as FAS, CIF, CFR and FOB seem more like cryptography than shipping guidelines. But these terms are essential to understand if you want to succeed at selling your products on an international scale. These logistics concepts cover the different costs of moving goods from one place to another — from “origin” where they’re created or manufactured, to their final destination where ..read more