Monday 23 October 2017

Facts You Should Consider Before Venturing In Freight Supply Chain Solutions

By Anna Myers


At least in all countries, products are being sold with various origins. They are transported from the state of origin by either shipping, use of flights, or by use of trucks for road transport. Just in case you wish to invest in this industry, here is what you ought to know before starting a business in the industry of freight supply chain solutions.

For you to operate successfully in this business there is need to be financially loaded to meet the different demands that require the use of money. You need to have means of transporting the loads. Hiring the ships, flights, or road trucks is costly. Equally, purchase of your means is also expensive. You must get advice from an expert on the expected costs before you start. By so doing, you will be prepared to meet all the charges.

Another important document you should have is the certificate of tax compliance. Especially with goods from other countries, the revenue authorities are always alert to receive the customs duty for the cargo. You cannot be cleared at the duty offices before you pay duty for the goods transited. Apart from this tax, you are supposed to file annual tax returns with the revenue authorities. This is a mandatory requirement.

The state largely depends on tax collection to operate. It is therefore inevitable to pay tax. At the port, the customs officers are vigilant to deal with all the freights arriving. You must pay the standard charges at the revenue offices before you are cleared. Apart from these costs, you are supposed to file annual returns of your business. Certificate of compliance is issued on clearance. It is done by the end of every financial year.

When you are planning to start such a business, you must know where to source clients. You may decide to advertise your services through the internet. At the web, there is a platform where you can promote your services through the network traffic that has been created for business people to advertise their products. You may also advertise through the media or by employing sales representative.

While you are still new in this field, it may seem challenging to get clients. You, therefore, need to look for a mechanism to look for customers. You may opt to advertise your services in the media for local adverts. Locally, you may find marketing officers to employ for advertisement purpose. Alternatively, you may use the internet to advertise your company deals. This is done for a fee where the web has created traffic where business persons may promote their products internationally.

Another important matter is that you must be aware of possible frauds and thefts during transportation and while on storage. Some cartels survive on hijacking ships and offload the cargoes in the deep seas. Equally to the road transport, you will find the same habit. Mechanism to handle this should be developed and ensure there is enough security during the freight transit. You should also be vigilant in the ports and destinies go downs to ensure your goods are intact.

In case of total or partial loss of properties as a result of accidents, the insurance will compensate for the loss. It is therefore advisable you secure a cover just in case of mishaps.




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