In the dynamic landscape of global commerce, sourcing products from international markets presents a unique set of opportunities and challenges. The process requires a careful assessment of product quality, shipping costs, and accessibility. Among the myriad options available, platforms like Alibaba and Amazon stand out as premier destinations for a vast array of products ranging...
As the festive season approaches, it’s crucial for retailers to prepare for not only the expected sales spike but also the accompanying increase in returns. Poorly managed returns can negatively affect supply chain efficiency, impact profit margins, and strain warehouse operations. For instance, for every $1 billion in sales, the average retailer faces about $165...
In the rapidly evolving supply chain industry, understanding the distinct roles and benefits of third-party logistics (3PL) and fourth-party logistics (4PL) providers is crucial for businesses looking to optimize their logistics strategies. Here’s a straightforward guide to help differentiate between 3PL and 4PL and decide which might be right for your business. What is a...
The international shipping industry, responsible for 90% of the world’s trade, stands as a testament to the significance of logistics in bridging continents and communities. Notably, 40% of containerized trade traverses the major East-West routes, connecting Asia, Europe, and the United States, highlighting logistics’ central role in the global economy. The recent National Logistics Day...
The retail and food & beverage industries are dynamic sectors that continuously evolve in response to various factors such as e-commerce growth, pandemic disruptions, and changing consumer behaviors. At Coral & Friends, we pride ourselves on our extensive experience in these sectors, offering unique insights into the latest trends shaping these industries. We recently convened...
The U.S. Trade Representative (USTR) recently announced an extension of numerous Section 301 China Tariff exclusions until December 31, 2023. Here’s an overview of this extension and its implications for businesses through the end of the year. Understanding the Background The Section 301 China Tariffs, initiated in 2018 following a USTR investigation into China’s trade...
