6-minute readMINIMISING THE FINANCIAL RISK
Finance is obviously fundamental when exporting & importing: you want to be paid quickly and without complications. Here are some factors to cover.
(This is the interview with Richie Norton by Pat Flynn from Smart Passive Income).
This month, I’m learning everything I can about the world of physical products: how to create my own, how to validate them, how to find the perfect manufacturer, and how to get them in the hands of my customers.
Reporter: Lisa Wilson is on the line with me now. Good day, Lisa.
Lisa Wilson: How are you doing?
Reporter: The new Customs and Excise Bill means Customs will no longer be able to demand that people entering the country hand over the passwords to their devices without reasonable cause. Although, is that a change?
Note that the legislation will not affect customs duty, which is still not payable below the AU$1,000 threshold.
For some time we have been looking to identify the potential long-term impact of 3D printing on the movement of goods in the supply chain but now manufacturers and transport providers are being warned of how the criminal fraternity are using the technology to help steal goods from containers.
An online shipper/truck operator matching service recently launched by New Zealand startup, TNX, is reportedly delivering 10% cost savings to the former while also reducing the 40% under-utilisation of vehicles said to currently be commonplace for the latter.
In mid – July a freight forwarder filed a container pre-receival advice to DP World Australia at Melbourne port, and while doing so made a typo error with the weight, missing out a “zero” numeral …
A number of CBAFF members have raised concerns recently about delays with New Zealand Customs releasing shipments.
Global Shippers’ Forum (GSF) secretary general Chris Welsh has announced his organisation aims to stamp out shipping surcharges within five years.