Businesses Urged to Adopt Cargo Liability Coverage

Businesses Urged to Adopt Cargo Liability Coverage

Freight liability insurance protects cargo owners from claims arising from third-party losses caused by goods in transit. Purchasing this insurance transfers risk to the insurer, meets carrier contractual requirements, and safeguards business financial security. Businesses should select an appropriate insurance plan based on their specific risk profile. It offers peace of mind during the transportation process and helps mitigate potential financial burdens associated with accidents or damages.

11/03/2025 Logistics Encyclopedia
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Eswatini Boosts Customs Audits Via WCO Mercator Program

Eswatini Boosts Customs Audits Via WCO Mercator Program

A WCO Mercator Programme diagnostic of Eswatini Customs' PCA aimed to enhance risk management and trade compliance. The assessment recommended improvements to balance control and facilitation, ultimately promoting economic development. The findings highlighted areas for optimization in PCA processes, focusing on data analysis and risk profiling to improve efficiency and effectiveness. This will contribute to a more streamlined and secure trade environment, fostering economic growth and regional integration for Eswatini.

01/05/2026 Customs Knowledge
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Supply Chain Strategies for Economic Downturns

Supply Chain Strategies for Economic Downturns

Facing economic downturn risks, companies should strengthen supply chain risk management by diversifying suppliers, improving inventory management, and enhancing supply chain visibility. Building close relationships with partners is also crucial to enhance supply chain resilience. These strategies enable businesses to effectively address challenges and achieve growth despite adverse economic conditions. Proactive risk management within the supply chain is key to navigating economic uncertainty and fostering long-term sustainability.

01/16/2026 Logistics Industry Insights
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Fedex President Advocates Digital Shift for Supply Chain Resilience

Fedex President Advocates Digital Shift for Supply Chain Resilience

A FedEx executive emphasized the importance of digital transformation and risk management for enhancing supply chain resilience. They shared experiences from the COVID-19 pandemic and highlighted the significance of diversification strategies in mitigating disruptions. The discussion underscored how leveraging digital technologies and proactive risk mitigation are crucial for building robust and adaptable supply chains capable of weathering unforeseen challenges and maintaining operational efficiency in a dynamic global environment.

01/21/2026 Logistics Industry Insights
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Toyota Navigates Chip Shortage With Resilient Supply Chain

Toyota Navigates Chip Shortage With Resilient Supply Chain

Facing the global chip shortage, Toyota Motor Corporation leveraged lessons learned from the 2011 earthquake. By establishing a risk identification system, creating flexible designs, deepening supplier partnerships, and building up key inventory reserves, Toyota effectively mitigated chip supply pressures, demonstrating strong supply chain resilience. While the short-term impact is manageable, Toyota remains cautious about the future and warns the industry to be wary of the risk of 'phantom demand'.

01/19/2026 Logistics Industry Insights
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Ecommerce Giant Crossborder Tong Struggles Amid Market Decline

Ecommerce Giant Crossborder Tong Struggles Amid Market Decline

Global Top E-commerce's 2021 annual report reveals a significant decline in its hundred-billion-scale export business, shrinking to only 30% of its former size. This article delves into the reasons behind the company's precipitous revenue drop, analyzes the performance of its various subsidiaries, and explores potential paths for self-rescue and transformation. Global Top E-commerce's experience serves as a warning to the broader cross-border e-commerce industry. The investigation highlights the challenges and uncertainties facing companies heavily reliant on export activities within the rapidly evolving global market.

01/04/2026 Logistics Industry Insights
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Coupang Tightens Rules on Chinese Sellers After Trust Concerns

Coupang Tightens Rules on Chinese Sellers After Trust Concerns

Coupang faces a trust crisis due to low-price traps set by Chinese sellers, leading to platform rectification. It canceled some self-shipping models and raised entry barriers. This incident exposes information leakage risks in cross-border e-commerce, warning sellers to operate in compliance. Platforms need to strengthen supervision and quality control to protect consumer rights and rebuild trust. The incident highlights the importance of robust security measures and ethical business practices in the competitive landscape of cross-border e-commerce to maintain consumer confidence and platform integrity.

12/29/2025 Logistics Industry Insights
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Shopee Scales Back Operations in Southeast Asia

Shopee Scales Back Operations in Southeast Asia

Shopee's recent large-scale layoffs have drawn attention, reflecting its struggle to survive amid hindered global expansion and significant losses. The company is optimizing operational efficiency, scaling back peripheral businesses, and focusing on its core Southeast Asian market to achieve sustainable development. This event also serves as a warning to cross-border e-commerce platforms: blind expansion is unsustainable, and focusing on core competitiveness is crucial for long-term success. Shopee's restructuring highlights the challenges of balancing growth ambitions with financial prudence in the competitive e-commerce landscape.

01/06/2026 Logistics Industry Insights
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Risks and Rewards of Letters of Credit in Global Trade

Risks and Rewards of Letters of Credit in Global Trade

A Letter of Credit (L/C) is a crucial payment instrument in international trade, providing security through bank guarantees. Key features include its independence, the principle of documentary compliance, and its irrevocability. Businesses should prioritize reviewing L/C terms, ensuring document compliance, and strengthening risk management to mitigate potential fraud risks and ensure the safety of international trade transactions. Careful attention to detail and proactive risk mitigation are essential for successful L/C utilization.

09/26/2025 International Settlement
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Guide to Incoterms Simplifies Global Trade Rules

Guide to Incoterms Simplifies Global Trade Rules

This article systematically reviews common Incoterms in international trade, such as EXW, FOB, CIF, and DDP, explaining their core functions, division of responsibilities, and risk transfer. It also analyzes specific trade scenarios. The importance of choosing appropriate Incoterms and the key aspects of risk control are emphasized, aiming to help foreign trade practitioners better understand and apply international trade terms. Understanding these terms is crucial for successful international transactions and mitigating potential liabilities.

08/22/2025 Logistics Encyclopedia
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