Export Logistics: Understanding The Ins And Outs
can also be a daunting and costly process. For many companies, especially the ones with limited resources, the challenges of exporting lead them to avoid exporting or only export to a small number of countries.
But it doesn’t have to be that way. By understanding the ins and outs of export logistics, you can prepare your business for this exciting and potentially lucrative enterprise. Here are some key takeaways on how to navigate through export logistics:
The first step in any exporting process is deciding which markets you want to enter. You may have an idea of which countries you want to sell products in, but it’s important to understand how these countries differ from one another so you can determine their suitability.
Here are some other factors to consider:
i. Size and growth rate of the market – How big is the potential market for your product? Is the population growing or shrinking? Is the economy growing? What are its prospects for future growth? If a country’s economy isn’t doing well, it might not be a good place to sell your product, since people there will not be able to afford it.
ii. Political and economic climate – Is there political stability in a country? Are there any trade barriers in place that could make selling your product more difficult or expensive?
iii. Competition – Are there competing products already being sold in the country? If so, what share of the market do they hold? How do they compare with your product? Does your product offer something different or better than existing products on the market?
iv. Identify your target market(s)- As you begin your exporting journey, keep in mind that not all foreign markets are created equal—different regions have different needs and requirements, which may or may not align with those of your business. Explore the world map and learn more about the different market opportunities available.
v. Understanding foreign regulations – In some countries, you’ll need a license to export your product or service. You’ll also need to find out if there are any other regulations that apply, such as specific labeling requirements.
vi. Ensure quality control – Check that the quality of your product or service meets the standards required by the country you’re exporting to. You may also need to make changes to meet cultural differences – for example, certain colors are considered unlucky in some Asia.
vii. Get help from experts – If you’re ready to move forward with exporting, companies like TGL can help you get started.
At TGL, we understand how significant the export process is and so we ensure your goods are properly marked, labeled, packaged, and documented in a way that suits all the requirements to reach the destination of the goods. We ensure that your goods are in proper shape during the time of transportation by making use of all the necessary preservation and storage method which suits the kind of goods you are exporting. We offer a wide scope of container desiccants that meets the necessities of clients.
Also, there are some certificates like Phyto Sanitary Certificates, Fumigation, Certificate of Origin, etc., that are needed when agricultural products are to be exported, all of which TGL will help you with.
With a team of over 50 years of combined experience in freight forwarding, inbound and outbound logistics, compliance/documentation, and core technology services and we are more than able to ensure that the logistics process(es) of your business stays afloat. We also provide haulage services from the pickup point to the port.
Get in touch with our experts to discuss your logistics requirements
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