Global trade policies are critical in shaping the landscape of international logistics and freight forwarding. These policies influence everything from tariff structures and... moreGlobal trade policies are critical in shaping the landscape of international logistics and freight forwarding. These policies influence everything from tariff structures and regulatory compliance to market accessibility and operational efficiency. Understanding and adapting to these policies is crucial for maintaining a competitive edge and ensuring smooth operations. Here’s an in-depth look at how global trade policies impact freight forwarding.
1. Tariffs and Duties
Impact on Costs Trade policies often determine the tariffs and duties imposed on imported and exported goods. Changes in tariff rates can significantly impact the cost structure of freight forwarding companies. Higher tariffs increase the cost of goods, which can reduce trade volumes and affect demand for freight services.
Strategic Routing Freight forwarders must stay informed about tariff changes to optimize routing and minimize costs for their clients. Strategic routing through countries with favorable trade agreements can help... less
