Current events have taken a toll on the global economy, and shipping and logistics aren't safe from these changes. In fact, shipping companies have to cope with these changes by increasing their fees. Adjustments pose a few challenges, especially for small businesses. So, how do they adjust? Below are five ways online sellers can save […]
Canada and the US are two countries that rely on each other in many ways, and it’s not surprising why. They share the world’s longest international border and have engaged in trade and commerce for centuries. Both countries also consider themselves strong economic allies due to their geographical proximity and robust bilateral trading history. A […]
A recent study conducted by Apex Insight showed that global shipping market revenues have increased from $380 billion in 2018 to $430 billion in 2019. After all, international shipping continues to be an essential variable for businesses to fulfill their consumer demand processes. It is a significant driving force that allows commerce and trade to […]
Over the years, the evolution of the global shipping industry has undeniably transformed the way trade networks function worldwide. With the advent of technology and the increase in shipping options available for customers, shipping services have become necessary for most companies to fulfill their business processes. A recent study conducted by Apex Insight showed that […]
The transport of hazardous materials (HAZMAT) has been a fairly common practice for decades since companies nowadays ship dangerous goods to other parts of the world daily. Hazardous shipments are defined as goods that contain toxic, explosive, corrosive, flammable, or radioactive materials, all of which require special care and are placed under specific regulations. There […]
There’s no doubt that this global pandemic has negatively affected a lot of businesses in the world. From Asia to the Western countries, it seems the higher demand, but a limited workforce has impacted shipping companies that offer delivery services. While it’s true that the need for Logistics Services has risen significantly, it’s the lack […]
Nowadays, people think of Amazon as the poster boy of online shopping. The Bank of America concluded that in 2019 alone, it accounted for 44% of all e-commerce sales in the US. This number is expected to skyrocket to 50% by 2020, which only means one thing: Amazon e-commerce will continue to boom as an […]
Since the emergence of the Silk Road in 130 B.C., human civilization has geared itself towards continuous inter-economic trade. These ancient trade networks have had a lasting impact on commerce and business, and are still considered the backbone of the shipping process we know today. Since certain goods were stored in wooden ships and delivered […]
Over the years, Canada has maintained its spot as one of the US’ top 3 trading partners. After all, the country is much closer in proximity to American borders, and, through bilateral agreements, economic relations between the US and Canada continue to flourish. This robust trading relationship between the two countries has made it easier […]
When the North American Free Trade Agreement took effect in 1994, it immediately generated exponential economic growth to its signing parties. The US, Canada, and Mexico all strived to benefit from each other, and Canada has willingly opened its doors to enable new export opportunities and foreign investments. 2020 data from the Canada Border Services […]
