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Logistics Post Covid-19

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In a time-frame of fewer than 5 months, Covid-19 has impacted the global economy in a major way. The pandemic has also exposed multiple facets of businesses that would need to move quickly and adapt to the new normal.
Post-Covid, there is one thing a lot of businesses would have to certainly reconsider, their supply chains. Lack of stock for essentials during the panic buying spree, the over-dependence on India & China for production of pharmaceuticals, China’s involvement in global supply chains are few chinks in global supply chains that businesses would have to work upon. These challenges would bring out a few very noticeable transitions –
Higher Inventories
Over the last few months, the pandemic has stretched companies' supply chains and the low inventory levels have been exposed. As a takeaway from the pandemic, it would be necessary for companies to maintain a higher level of inventory to create a safety net. The governments across the globe would also try to reduce the …

Logistics made Simple - Shipping Process

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Prior to proceeding further, lets step back and have an overall look at the entire Shipping Process for Sea Shipments and understand the different parties involved, their roles and the stages in the process in which they are involved.
The Players

The four key players amongst various others involved in any sea shipment are – Shipper, Consignee, Freight Forwarder and Shipping Line.

The shipper is the party of shipment at the origin; it can be a factory of a seller who exports. The consignee is the receiver of the cargo at the destination. Freight Forwarder is the logistics provider the consignee/shipper would be dealing with for the shipment. Shipping Line is the company that would be carrying your cargo from the origin to the destination. Most of the communication with this line would be via the freight forwarder.

Shipping Process

The movement of goods from shipper to the consignee is a uniform process which is followed for every shipment. The steps can be broadly divided into 2 halv…

Logistics Made Simpler- Import Customs Clearance

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Now that we know a little bit more about the Export Customs Clearance process, let’s get to know about the Import Clearance process. Although it is quite similar to Export Customs Clearance in a lot of ways, there is the additional process of tax and duty assessments that make it slightly different.

As we already know commercial cargo can’t leave or enter any country without customs clearance which requires various documents to be submitted to the Customs Agency and duties and levies to be paid. While based on the product type and country of origin for the cargo, the regulations and documents required by the customs authority for import may vary from country to country, the basics can indeed be considered similar.

Before importing anything into the country, there are a few things that need to be taken into account-

Businesses planning on importing goods may have to have an import business number besides import licenses or permits if required.

You will also need to make sure the go…

Logistics Made Simpler- Export Customs Clearance

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As a way to build knowledge of basics of Logistics and build logistics managers of tomorrow, we have started with a Did You Know Series, where we would be creating short crisp content around the logistics industry. For the 2nd chapter of this series, let’s get to know a little bit more about the Export Customs Clearance.

Any commercial cargo, be it for export or import, requires Customs Clearance. In simpler terms, this is the process of obtaining permission from governments to ship the cargo in or out of the country by preparing and submitting documents to the Customs Agency which will allow them to calculate the taxes and duties levied on the cargo.

Although the type and number of documents required by the customs agency depends on the type of goods being shipped, regulations of the country of origin and destination and any trade agreement between them, there are some basic, fundamental rules followed by all custom authorities around the world.

If you are preparing to export the go…

Logistics Made Simpler – FCL and LCL

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As a way to build knowledge of basics of Logistics and build logistics managers of tomorrow, we start with a Did You Know Series. Wherein, we would be creating short crisp content around the logistics industry, lets today look at the difference between FCL and LCL Shipment.
Seaborne trade accounts for about 90% of global trade, the cost-effectiveness and the volume which is possible via Sea Freight is the main reason for its high contribution to global trade. Recognized amongst the 80 moments that shaped the world by the British Council, the invention of shipping containers has been amongst the biggest push to the logistics industry. Ever since then, Shipping containers have become the heart and soul of Sea Freight as they allow for easier handling, are standardized and are theft-resistant. Amongst a wide array of containers, 3 most used types of containers –
1.20 ft. Container (also called as 20’GP) 2.40 ft. Container (also called as 40’GP) 3.40 ft. high cube Container (also called as 4…

Streamlining the Supply Chain

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In any field, efficient management is the key to success and given the current nature of the increasingly global marketplace, efficient supply chain management has become an absolute necessity for businesses to stay competitive. Thus, Supply Chain Managers all over the world are constantly working towards enhancing their existing supply chain strategies to stay ahead of the game and keep their clients happy.

At a time when customer expectations are at an all-time high, meeting these expectations means overseeing each part of the supply chain process, then assessing and ensuring that every step of the way is as efficient as possible. Although, it sounds difficult and expensive, sometimes all it takes is a few tweaks to reach the optimum level of efficiency.

Increased Transparency in Communication-

First and foremost, a key component in having a note-worthy relationship with your client is by providing as much transparency in communication as possible. Just as you like to keep track o…

India's Lockdown : Logistics Woes

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Last week saw few unprecedented actions being taken around the globe, which has resulted in almost 1/3rd of the global population under lockdown currently. Amongst other lockdowns, a hugely critical one has been lockdown imposed upon 1.35 Billion people overnight in India at a very the initial stage in the spread of virus compared to other places.
A lot of countries over the globe are still contemplating the thought and consequences of lockdown and have declared lockdown as the last resort. Countries like the USA with Donald Trump’s U-Turn overlocking down New York post strong opposition from New York governor labeling it as “Anti-American”. India, on the other hand, announced a nation-wide lockdown within a 4 hour period, with the economy open for essential service. The large scale lockdown has brought about challenges which other nations can learn from.
Indian Government has approved for Round-the-clock for 3 months but there has been a major issue with the implementation. The su…

Career in Logistics- How to Succeed?

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With the emergence of globalization since the mid-20th century, supply chain management has become a predominant matter in the world of trade and with time it has only become more complex and critical than ever before. Therefore, in today’s world, working towards having a career in supply chain management not only opens up a world of opportunities for individuals but also makes him/her a strong candidate in the job market.

Well, though all this sounds very dreamy, it isn’t just that simple. In order to become a strong leader in the supply chain management department, one must be able to develop innovative solutions for complex issues on a regular basis due to the dynamic nature of this sector.

But as we all know, leaders aren’t created in a day and if you ask any eminent leader on their key to success, they will share how they have worked hard to gain the skills needed and persevered through difficult times to reach where they are now.

Thus, below we have rounded up some major ski…

Virtual Meeting: How to Make it Effective & Successful

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As the Covid-19 outbreak started spreading around the world, many companies asked their employees to work remotely from home in an effort to slow down the pandemic. However, with no intent to slow down, the virus continues to wreak havoc in many countries all over the globe. Although many nations have gone under lockdown, businesses still need to keep running and given the current scenario one of the most effective ways of this is by virtual means.

Working remotely through virtual means is a new reality for most. Whilst people are used to having video conference meetings, it is a method mostly used only when absolutely necessary. However, now that everyone is working from home, holding meetings through apps over the internet has become a regular thing. Nevertheless, setbacks like slow connectivity, audio/visual delay are still common. Therefore, it is important that managers work towards helping their team adjust to these issues and at the same time keep their virtual meetings effect…

Panic Buying, is it worse than Covid-19?

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Last 2 months have been drastically tough for people across the globe, with continuous globe widespread of Covid-19 leading to major countries across the globe declaring nation-wide lockdowns. Our MGH Team wants to express our gratitude and extend our prayers for the best for the families of the people involved in this effort.
With lockdowns come another major issue which world might be more affected with “Panic Buying”. Unsurprisingly, there’s a major logistical challenge that Panic Buying leads to as well. Let’s look into why all the experts are looking to curb down panic buying.
With over 3,50,000 infected and above 16,000 deaths, the pandemic has shocked the world and drawn comparisons with World War 2 and Spanish Flu for a possible number of fatalities. Looking at the possible impact which Covid-19 can have, strict actions are being observed by the government across the globe, which in turn has resulted in the loss of work for various daily labor. Each and every government und…