Tag Archive for: frieght

Aca International crisis management

Crisis Preparedness for Forwarders & Their Customers

Aca Internation blog Crisis management

From natural disasters like hurricanes and floods to geopolitical tensions, labor disputes, and health crises such as the COVID-19 pandemic, the need for comprehensive crisis preparedness has never been more critical.

In today’s ever-evolving global supply chain landscape, forwarders and their shipper customers face an array of challenges. From natural disasters like hurricanes and floods to geopolitical tensions, labor disputes, and health crises such as the COVID-19 pandemic, the need for comprehensive crisis preparedness has never been more critical.

Crisis Readiness: A Necessity, Not an Option

As supply chains grow increasingly complex and interdependent, the potential for disruptions looms larger than ever before. For logistics providers and their clients, the ability to weather the storm and navigate these turbulent waters is a make-or-break proposition.

Preparing for the Unpredictable

When a hurricane strikes, logistics providers find themselves grappling with myriad challenges. Disruptions to transportation networks, damage to infrastructure and equipment, and supply chain delays can wreak havoc. However, with strategic planning and proactive measures, forwarders can minimize the impact of such disruptive events.

Proactive Measures for Swift Recovery

To ensure business continuity and a swift recovery in the face of a crisis, forwarders and shippers must adopt a proactive approach. This includes:

  1. Risk Assessment: Identifying potential vulnerabilities in the supply chain and assessing the impact of various crisis scenarios.
  2. Contingency Planning: Developing robust contingency plans tailored to specific risks, including provisions for alternative routes, suppliers, and transportation modes.
  3. Communication: Establishing clear lines of communication with key stakeholders to facilitate real-time updates and decision-making during crises.
  4. Technology Integration: Leveraging advanced technologies, such as real-time tracking and data analytics, to enhance visibility and responsiveness.
  5. Supply Chain Diversification: Reducing dependency on a single source or location by diversifying suppliers and distribution channels.

 

In the face of an increasingly complex and uncertain global supply chain operating environment, crisis preparedness is not an option; it’s a necessity. Forwarders and their customers must collaborate to develop and implement comprehensive crisis management strategies. By doing so, they can mitigate the impact of disruptive events, ensure minimal downtime, and emerge from crises stronger and more resilient than ever before. In a world where uncertainty is the only certainty, preparedness is the key to success.

If you have any queries call us at +353 1 533 7772 or email us at [email protected]. And visit our website, our facebook and Linkedin pages.

 

ACA International Blog

Navigating Turbulent Skies: The Nervous Air Cargo Market Faces Lowest Rates Since March 2020

ACA International Blog

As the world grapples with the aftermath of the pandemic, the air cargo industry is experiencing a bumpy ride. The month of May has brought heightened tensions as the nervous air cargo market suffers its lowest rates since March 2020. In this article, we delve into the reasons behind this downturn and explore potential strategies to navigate the challenges ahead.

 

The COVID-19 pandemic has left an indelible mark on global economies and supply chains. Despite signs of recovery in certain sectors, the air cargo industry continues to feel the pressure of lingering uncertainty. Travel restrictions, border closures, and sporadic lockdowns have dampened consumer demand and disrupted manufacturing operations, causing a decrease in airfreight volumes.

With passenger flights operating at reduced capacity or grounded entirely, air cargo operators have relied on cargo-only flights to transport goods. However, this shift has created a mismatch between supply and demand, leading to excess capacity in the market. As a result, airfreight rates have plummeted, impacting the industry’s profitability.

In times of turbulence, adaptability is the key to survival. Air cargo operators must reassess their business models and explore innovative strategies to weather the storm. Collaboration with other industry players, such as airlines and logistics providers, can optimize route planning and reduce operational costs.

Diversifying the range of goods transported can help mitigate risks associated with fluctuations in demand for specific commodities. Additionally, flexible pricing models and adaptable capacity planning can enable air cargo operators to respond swiftly to changing market dynamics.

While the nervous air cargo market is currently facing its lowest rates since March 2020, proactive measures and innovative strategies can help the industry navigate these challenging times. Embracing flexibility, technological advancements, and collaborative efforts will be crucial in ensuring the air cargo sector’s resilience and sustained growth in the post-pandemic era. By charting a steady course, the industry can rise above the turbulence and soar towards a more stable and prosperous future.

If you have any queries call us at +353 1 533 7772 or email us at [email protected]. And visit our website, our facebook and Linkedin pages.

Rise of costs aca international

5 reasons why freight and logistics costs are so high in Ireland these days

Rise of costs aca international

In recent times, freight and logistics firms in Ireland have been grappling with a significant challenge—the steep rise in costs.

 

The ongoing crisis has put immense pressure on the industry, impacting various aspects of operations. In this article, we will explore the reasons behind the escalating costs faced by freight and logistics companies in Ireland and the potential implications they may have on the industry.

1- Increased Fuel Expenses One of the primary contributors to the mounting costs for freight and logistics firms is the surge in fuel prices. The escalating costs of diesel and gasoline have significantly impacted transportation expenses, making it more expensive for companies to move goods within and across Ireland. As fuel prices continue to climb, it becomes crucial for businesses to seek innovative strategies to optimize fuel efficiency and explore alternative energy sources.

2- Supply Chain Disruptions The recent crisis has unleashed widespread supply chain disruptions, exacerbating the challenges faced by freight and logistics firms. Disruptions in global trade, shortage of raw materials, and delays at ports have caused a domino effect throughout the industry. These interruptions have led to increased lead times, additional storage costs, and higher freight rates, directly impacting the overall operational expenses of logistics companies.

3- Capacity Constraints and Increased Demand Another critical factor affecting costs in the freight and logistics sector is the combination of capacity constraints and surging demand. The pandemic-induced labor shortages and operational limitations have limited the available capacity, resulting in increased prices for transportation services. The surge in e-commerce activities and changing consumer behavior have further amplified demand for freight and logistics services, putting additional strain on the industry.

4- Regulatory Compliance and Customs Complexity With Ireland’s departure from the European Union, freight and logistics companies have encountered new regulatory requirements and customs complexities. The introduction of customs checks and increased documentation has added administrative burdens and time-consuming processes. These additional compliance costs have further contributed to the overall rise in expenses for logistics firms operating in Ireland.

5- Rising Labor and Insurance Costs The recent crisis has led to a scarcity of skilled labor in the industry, thereby driving up labor costs. Freight and logistics companies are facing the challenge of attracting and retaining qualified personnel, necessitating higher wages and training expenses. Additionally, insurance costs have surged due to various factors, including increased risks associated with transportation, cargo handling, and liability coverage, leading to additional financial burdens for logistics firms.

If you have any queries call us at +353 1 533 7772 or email us at [email protected]. And visit our website, our facebook and Linkedin pages.

Aca International EU Customs taxes

EU Takes a Giant Leap towards Digitalizing Its Tax System

Aca International EU Customs taxes

The European Union has taken a major step forward in the digitalization of its tax system with the announcement that all excise duty transactions in the EU have become fully electronic as of 13 February. This move is part of the EU’s ongoing efforts to modernize and streamline its tax systems, and it is expected to have significant benefits for businesses and consumers alike.

Excise duty is a tax that is imposed on certain goods, such as alcohol, tobacco, and energy products. In the past, businesses had to file paper-based excise duty returns and pay their taxes using traditional payment methods. This process was often time-consuming and cumbersome, and it created a significant administrative burden for both businesses and tax authorities.

With the transition to fully electronic excise duty transactions, businesses can now file their returns and make their payments online using the EU’s Excise Movement and Control System (EMCS). This system allows businesses to track their excise goods in real-time and to receive instant notifications when their goods have been released or detained.

The move to electronic excise duty transactions is expected to have significant benefits for businesses. It will reduce the administrative burden associated with filing paper-based returns and making traditional payments, and it will help businesses to streamline their operations and reduce their costs. Additionally, the real-time tracking provided by the EMCS will help businesses to better manage their supply chains and to improve their overall logistics processes.

Consumers are also expected to benefit from the move to electronic excise duty transactions. With the EMCS, consumers will have greater visibility into the supply chains of the products they purchase, which will help them to make more informed buying decisions. Additionally, the EMCS will help to reduce the likelihood of fraud and counterfeiting, which will improve the overall safety and quality of the products that consumers purchase.

In conclusion, the move to fully electronic excise duty transactions is a major milestone for the EU’s tax system. It is expected to have significant benefits for businesses and consumers alike, and it represents an important step forward in the digitalization of the EU’s economy. As the EU continues to modernize and streamline its tax systems, we can expect to see further benefits for businesses and consumers in the years to come.

If you have any queries call us at +353 1 533 7772 or email us at [email protected]. And visit our website, our facebook and Linkedin pages.

2023 Trends ACA

2023 Supply Chain trends and forces to watch (part 2)

Supply Chain 2023 ACA

There are opportunities for supply chain professionals to thrive during this time of evolution, optimism, and innovation, and the emphasis will shift to greater decision-making and progress towards sustainability.

What key trends and forces will shape supply chains in 2023? Continuing on from our previous article, here is the second part of the list.

5 – Tools that are more agile and time-saving will replace Excel

It’s true that modern digital technologies are revolutionizing the way supply chain processes are being managed. From data-driven analytics to automated processes, these advancements are allowing businesses to improve their operations and optimize their supply chain in new and exciting ways.

6 – More than ever, supply chains must sense, plan, and execute changes quickly

To support the need for faster changes in supply chains, investing in the right technology is essential. Automation can help with the sensing, planning, and execution of changes, as well as provide real-time visibility into the supply chain.

7 – There is no longer a choice between speed and accuracy for supply chain planners

With the latest advancements in technology, it is now possible to have both speed and accuracy when it comes to planning and managing a supply chain. By utilizing automated processes and predictive analytics, supply chain planners can now make faster and more reliable decisions.

8 – Supply chains will be built digitally in order to empower people rather than replace them

Digital supply chains can empower people to do their jobs more efficiently and effectively. By automating manual processes, digital supply chains can save people time and money, while still allowing them to have control over the process.

If you have any queries call us at +353 1 533 7772 or email us at [email protected]. And visit our website, our facebook and Linkedin pages.

2023 Trends ACA

2023 Supply Chain trends and forces to watch (part 1)

Supply Chain 2023 ACA

 

There are opportunities for supply chain professionals to thrive during this time of evolution, optimism, and innovation, and the emphasis will shift to greater decision-making and progress towards sustainability.

 

What key trends and forces will shape supply chains in 2023?

1- Every stage of the planning process will take sustainability into account

The supply chain will be infused with sustainability next year, from energy sourcing to production, storage, delivery, and disposal of materials.

2- It will be necessary for supply chain professionals to learn how to communicate with CFOs

As a supply chain executive, it’s important to take advantage of the opportunity to develop a relationship with the C-suite. This requires translating their work into the language of the chief financial officer (CFO)

3- Resilience is a critical factor in achieving a tangible ROI

Businesses can take proactive steps to strengthen their supply chains and make them more resilient. With disruption and volatility set to continue into 2023, One way of doing this is to focus on diversifying their supply chain.

4- Supply chain changes will occur faster than ever.

Modern digital technologies are revolutionizing the way supply chain processes are being managed. By creating seamless, end-to-end supply chain planning, businesses can break down silos between departments and ensure they stay ahead of the curve in a rapidly changing world.

If you have any queries call us at +353 1 533 7772 or email us at [email protected]. And visit our website, our facebook and Linkedin pages.

Custom Clearance - Trucks

Is life returning to normal for truckloads?

Customs Clearance - Trucks2

The carrier’s executives continue to hope for the supply/demand equation to balance as inventory slowly rebuilds. Due to equipment and driver shortages, fleet growth remains limited. Is this recurring news a sign that things are getting back to normal?

 

After three years of being whipsawed by COVID-affected demand levels, the $332 billion full-truckload (TL) market is showing signs of returning to normal levels of “seasonality.”

“The truckload market is easing back to normal levels of growth,” says Avery Vise, vice president of trucking for Indianapolis-based research firm FTR. “We’re not seeing a glut of capacity. We’re heading back to stability, but stability at a level where shippers are happy about it.”

It would be ideal if there were exactly the right number of trucks deployed around the nation to haul exactly the right amount of freight at the right price to satisfy both shippers and carriers.

Ideally, yes. Since the pandemic, truckload capacity and freight levels have been unevenly matched. During the spring of 2020 economic shutdown, there was way too much capacity.

In the midst of crowded ports and freight piling up because of lack of drivers, truck capacity was buffeted by an unexpected surge in demand for some supplies.

If you have any queries call us at +353 1 533 7772 or email us at [email protected]. And visit our website, our facebook and Linkedin pages.

Blog 5 tips

5 cost-saving tips for reducing parcel rates

Blog 5 tips

 

In recent years, parcel carriers have also experienced supply chain issues.

 

Increasing costs due to labor shortages, inclement weather, and numerous other disruptions have caused major parcel carriers to increase their rates. The ever-increasing rates make order fulfillment more expensive for e-commerce businesses. Shipping costs may feel like the only option for many online sellers.

The following tips may assist internet retailers in delaying price increases.

1) re-examine express shipments

You don’t have to ship everything express just because your customers want two-day delivery. You can maximize your parcel shipping budget by using express services only when necessary.

2) use lighter dunnage

Consider using lightweight dunnage, such as air pillows, if possible.

3) change free shipping options

Shipping costs can be passed on to your customers without reducing free shipping. Consider offering free standard ground shipping and adding a surcharge for two-day, one-day, and same-day shipping.

4) diversify your delivery model

Shop around to find the best deal.

5) add more warehouses

Expanding your warehouse footprint is the best way to combat rising parcel rates in 2022.

 

If you have any queries call us at +353 1 533 7772 or email us at [email protected]. And visit our website, our facebook and Linkedin pages.

Freight Forwarding Guide

The Ultimate Guide for Freight Forwarding

Freight Forwarding Guide

You can find all the information you need about freight forwarding on our website, whether you’re trying to book the service or find out exactly what our freight forwarding agents do.

 

Here is a four-question guide for clarifying your questions about Freight Forwarding.

  • What is Freight Forwarding?

Most importers and exporters use freight forwarding to arrange freight shipments. Licensed forwarders understand the end-to-end shipping process and can handle it on your behalf. In many ways, they are like travel agents for freight.

  • Freight Forwarding Services?

Prepare all the paperwork, make the bookings, arrange payments required for each sector of the shipment, provide a customs brokerage service, and troubleshoot if any issues arrive with the shipment.

  • Do I Need a Freight Forwarder?

Booking a shipment can take place in a variety of ways. Depending on your business needs, you may need specific services. Here are some options: go it alone, your supplier arranges the whole shipment, to arrange shipment from the factory or foreign port, you hire a freight forwarder.

  • Requesting a Freight Quote

Do you have your goods ready to ship?

Make sure that you have the full addresses for pickup if the shipment is door to door.

You likely need to provide the name of the port of origin.

Provide the total weight of the shipment.

Provide total cubic volume.

International freight works with HS Codes.

Businesses exporting shipments need to know the Schedule B code.

 

If you have any queries call us at +353 1 533 7772 or email us at [email protected].

Customs Clearance Service

5 required documents for customs clearance? (part 2)

Customs Clearance Service

Customs clearance blog

Customs clearance generally requires a lot of documents to be verified and submitted, either electronically or physically with the consignment.

 

Documents to be submitted to customs depend on the type of goods being shipped. The rules regarding customs vary depending on the country of origin and the country of destination.

Let’s look at the second part of documents that are common to all countries:

6- Bill of lading

Bill of lading is a document from the carrier to the shipper/exporter/supplier. It is evidence of the contract for movement of goods described by the carrier.

7- Bill of sight

It is a declaration from the supplier or exporter to the customs department where the receiver is unsure of the type of goods being shipped. The bill of sight document permits the receiver of goods to inspect them before making duty payments. With the bill of sight, the exporter also needs to submit a letter that allows clearance of goods by customs.

8- Letter of credit

The letter of credit is issued by the importer’s bank informing that the importer or the consignee will honour the payment to the exporter /consignor/shipper of the sum specified to complete the transaction.

9- Bill of exchange

Bill of exchange is similar to a promissory note that can be drawn by banks or individuals. It is a substitute payment option where the importer is to clear payments for goods received from the exporter either on-demand or at a fixed or determinable future.

10- Export license

A business can get an export license from the licensing authority and permit is issued by the Chief Controller of Exports and Imports.

If you are planning to trade goods to or from Ireland, Aca International Ltd  may be able to help you! Visit our website and follow our Facebook and Linkedin Pages