Author: digitalexim

Outbound logistics refers to the processes of collecting, storing, and distributing goods to customers. A customer sales order begins the outbound logistics process, followed by warehouse packing to finish with product delivery. Export-import course online will help you to understand logistics and its process.   The process of moving and storing products after they have left the production line, for the final customer.  Planning and implementing the transport of goods from a manufacturing facility to a business buyer or consumer is outbound logistics.  A business should choose the right distribution channels, maintain a logical inventory stocking system, and optimize delivery options for outbound logistics to run smoothly.  In the case of outbound shipping, Focal Distribution helps select a carrier and arrange for pick-up of materials that are being delivered off-campus by a basic transporter.  In addition, outbound logistics systems help to redirect potential errors and provide the option to navigate back so that errors may be fixed. 

How does it work:  

During the outbound logistics process, a company goes through multiple stages. Initially, the sales department receives a purchase order from a customer and checks inventory availability to make sure they can fulfill that order.  Next, the sales department sends the customer’s order to the warehouse, where it will be picked and packed. The order will be shipped and the warehouse clerk will update the inventory levels. The business will bill the customer and eventually retrieve cash payment.  Efficient outbound logistics management reduces delivery expenses and increases the productivity of an organization’s customer relationship management process.  Did you enjoy our article about Outbound Logistics? The information provided above is part of our Online Export Import Training course.   

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How Does Packing Credit Work In The Export Business? Different Export Finance That Helps In Business GrowthWhat is Drop Shipping And Why Is It Important? An explanation of the House Bill of Lading A Quick Guide to Different Payment Methods in International BusinessA comparison of BAF and CAF Do Airway Bills Serve As Documents Of Title? Difference Between High Sea Sale and ImportsWhat does a Line Number in IGM mean?   What is IHC- Inland Haulage Charges? FIRC In Export And Import Business Documentation of High Sea Sales What is Triangular Shipment? What Is E-Commerce Under GST?  What Is the Port Of Discharge And Place Of DeliveryDifferent Types of Export Containers What is FCL in Export Import? Steps to Become Successful in Trade for Start-ups What is a Mother Vessel and Feeder Vessel  What is co-loading? What is ICD? 

What is SWOT Analysis and Why it is Important for Business?

Role of Indian Embassy in Export ImportWhat is Registration Cum Membership Certificate? What is DGFT and Its Role? What is a Bill of Exchange? What is a Letter of Credit? 

What is a Bill of Lading? 

What is High Sea Sales?  What Does DGFT Grant to Indian Importers & Exporters?

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During transportation from the port of dispatch to the point of destination, goods may get damaged, causing the exporter financial loss. To protect himself, the exporter may purchase an insurance policy to cover physical damage to the goods.  It is important to know that the term Marine Insurance is used for goods shipped by sea. Cargo Insurance is used when goods are shipped by air. However, both terms are interchangeable, as both define the same thing. To know more about it join our import export training course.  Two main reasons for insurance are legal and commercial. The legal liability of the intermediaries is limited. Clearing and forwarding agents, carriers, port authorities and customs authorities are examples of intermediaries who handle goods at various stages.  Damages caused by circumstances beyond their control or losses caused despite as a result of reasonable care taken by them are not covered by their liability policy.  A sea shipment is subject to a limit of 100 pounds per package at present and a shipment by air is subject to a limit of $16 per kilogram at present, which is modified from time to time. An amount of compensation of this kind does not cover the total loss sustained by the exporter.  The banks also insist on coverage of insurance when they make post-shipment financing.   Insurance is required even for commercial reasons. When goods are damaged, importers may refuse to accept the bill of exchange, in case of D/A bills. When loss occurs, it may not only affect the shipment of goods, but also profit.  Did you enjoy our article? Do share your experience in the comment section. The information provided above is part of our Online Export Import Training course.    

For More Knowledge Read Our Article On-

What Do You Mean By Outbound Logistic 

Vessel Arrival vs. Vessel Berthing In Export-Import Trade 

How Does Packing Credit Work In The Export Business? Different Export Finance That Helps In Business GrowthWhat is Drop Shipping And Why Is It Important? An explanation of the House Bill of Lading A Quick Guide to Different Payment Methods in International BusinessA comparison of BAF and CAF Do Airway Bills Serve As Documents Of Title?Difference Between High Sea Sale and ImportsWhat does a Line Number in IGM mean?   What is IHC- Inland Haulage Charges? FIRC In Export And Import Business Documentation of High Sea Sales What is Triangular Shipment ?What Is E-Commerce Under GST?  What Is Port Of Discharge And Place Of DeliveryDifferent Types of Export Containers What is FCL in Export Import? Steps to Become Successful in Trade for Start-ups What is Mother Vessel and Feeder Vessel  What is co-loading? What is ICD? 

What is SWOT Analysis and Why it is Important for Business?

Role of Indian Embassy in Export ImportWhat is Registration Cum Membership Certificate? What is DGFT and Its Role? What is Bill of Exchange? What is a Letter of Credit? 

What is Bill of Lading? 

What is High Sea Sales?  What Does DGFT Grant to Indian Importers & Exporters?

Watch Our YouTube Videos On- https://www.youtube.com/watch?v=klO_HuRX5ok&t=1s

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The Import Export Code (IEC) is necessary for an exporter or importer to operate as an exporter or importer in India. To know more about IEC and international trade connect to import export course online.   Once an exporter or importer has an IEC, he or she can export or import goods by the terms and conditions prescribed in the IEC that are attached to the Foreign Trade Policy of the Government of India.  The IEC allows exports or imports from all India’s ports. However, the respective ports must be named as branches in the IEC. Fill up the column for ‘branches’ of your firm by mentioning the ports from which your transactions will be conducted.  DGFT updates your IEC with a reference to ‘branch code’. When you begin an operation with a new port that already contains a ‘branch code’, the customs department requires registration of ‘AD code’.  Your bank provides your account with an Authorized Dealer Code (AD code) which is a number provided to each bank across the country.  You can import or export through the said port if a branch code is specified in the Import Export code with DGFT. If you did not specify the branch code at the time of applying IEC, you can update it as and when necessary.  Did you enjoy our article about IEC? The information provided above is part of our Online Export Import Training course.   

For More Knowledge Read Our Article On-

What Do You Mean By Outbound Logistic 

Vessel Arrival vs. Vessel Berthing In Export-Import Trade 

How Does Packing Credit Work In The Export Business? Different Export Finance That Helps In Business GrowthWhat is Drop Shipping And Why Is It Important? An explanation of the House Bill of Lading A Quick Guide to Different Payment Methods in International BusinessA comparison of BAF and CAF Do Airway Bills Serve As Documents Of Title? Difference Between High Sea Sale and ImportsWhat does a Line Number in IGM mean?   What is IHC- Inland Haulage Charges? FIRC In Export And Import Business Documentation of High Sea Sales What is Triangular Shipment? What Is E-Commerce Under GST?  What Is the Port Of Discharge And Place Of DeliveryDifferent Types of Export Containers What is FCL in Export Import? Steps to Become Successful in Trade for Start-ups What is a Mother Vessel and Feeder Vessel  What is co-loading? What is ICD? 

What is SWOT Analysis and Why it is Important for Business?

Role of Indian Embassy in Export ImportWhat is Registration Cum Membership Certificate? What is DGFT and Its Role? What is a Bill of Exchange? What is a Letter of Credit? 

What is a Bill of Lading? 

What is High Sea Sales?  What Does DGFT Grant to Indian Importers & Exporters?

Watch Our YouTube Videos On-

https://www.youtube.com/watch?v=klO_HuRX5ok&t=1shttps://www.youtube.com/watch?v=Gg7pC8wakmIhttps://www.youtube.com/watch?v=tyI7RFtpaRg&t=1shttps://www.youtube.com/watch?v=d1BnIZqbTowhttps://www.youtube.com/watch?v=ZdkoaoYszxIhttps://www.youtube.com/watch?v=47K1YcfBmFMhttps://www.youtube.com/watch?v=iZEYAkiUZwk

DP OR DAP is a term of payment in international trade. D.A.P or D/P means Documents Against Payment.  Cargo shipped out from the supplier’s premises is handed over to a carrier who carries it to the final destination of the buyer after completing the necessary export documentation of the exporting country. When goods are delivered to the exporter, the carrier or his agent issues a Bill of Lading (for sea shipments) or Airway Bill (for air shipments).   Know more about payment terms with an online export import course and start a risk-free business.   A complete set of documents, including a bill of lading/airport bill, an invoice, a packing list, and a bill of exchange, is submitted to the bank for delivery to the buyer via the buyer’s bank. Upon verification, the seller’s bank sends these shipping documents to the buyer through the buyer’s bank.  The buyer’s bank notifies the buyer that such shipping documents have been received and advises the buyer to ‘accept’ the documents by effecting payment of export proceeds.    The buyer receives original shipping documents from his bank after making necessary payments against the sale of goods under the DP terms of payment.  A buyer takes possession of shipping documents after collecting them from the bank and completes necessary customs clearance procedures in the importing country.  Did you enjoy our article? Do share your experience in the comment section. The information provided above is part of our Online Export Import Training course.   

For More Knowledge Read Our Article On-

What Do You Mean By Outbound Logistic 

Vessel Arrival vs. Vessel Berthing In Export-Import Trade 

How Does Packing Credit Work In The Export Business? Different Export Finance That Helps In Business GrowthWhat is Drop Shipping And Why Is It Important? An explanation of the House Bill of Lading A Quick Guide to Different Payment Methods in International BusinessA comparison of BAF and CAF Do Airway Bills Serve As Documents Of Title? Difference Between High Sea Sale and ImportsWhat does a Line Number in IGM mean?   What is IHC- Inland Haulage Charges? FIRC In Export And Import Business Documentation of High Sea Sales What is Triangular Shipment? What Is E-Commerce Under GST?  What Is the Port Of Discharge And Place Of DeliveryDifferent Types of Export Containers What is FCL in Export Import? Steps to Become Successful in Trade for Start-ups What is a Mother Vessel and Feeder Vessel  What is co-loading? What is ICD? 

What is SWOT Analysis and Why it is Important for Business?

Role of Indian Embassy in Export ImportWhat is Registration Cum Membership Certificate? What is DGFT and Its Role? What is a Bill of Exchange? What is a Letter of Credit? 

What is a Bill of Lading? 

What is High Sea Sales?  What Does DGFT Grant to Indian Importers & Exporters?

Watch Our YouTube Videos On-

https://www.youtube.com/watch?v=klO_HuRX5ok&t=1shttps://www.youtube.com/watch?v=Gg7pC8wakmIhttps://www.youtube.com/watch?v=tyI7RFtpaRg&t=1shttps://www.youtube.com/watch?v=d1BnIZqbTowhttps://www.youtube.com/watch?v=ZdkoaoYszxIhttps://www.youtube.com/watch?v=47K1YcfBmFMhttps://www.youtube.com/watch?v=iZEYAkiUZwk

India is continuously growing in the international business sector either it be export or import. Import business is that one business that will never stop. It might get slow due to different reasons. If you want to start your import business go with import export courses online. The import-export course guides you on which product you should start your business.   Let me tell you starting an import business requires a lot of hard work, patience, and dedication. No one becomes an international businessman overnight. Import-export training in India is best to take guidance on starting a business.   Import business is one of the lucrative businesses. India imports more than we export. There are many products that we need and one can start a business with. Make sure you have done enough marketing before importing your product.  

Here are a few points you should know about before starting your import business-  

• In 2020 India imported goods worth US $467.19 billion.  
• The value of India’s merchandise import in December 2021 was USD 59.27 billion, an increase of 38.06% over USD 42.93 billion in December 2020. 
• For April-December 2021, the value of India’s merchandise import was USD 443.71 billion.

• April-December 2021 marked a 48.85% increase in merchandise exports over April-December 2020 of USD 201.37 billion. 
• In 2020-21, India’s imports totaled USD 394 billion, down from USD 474 billion in 2019-20. 

Here are some Ideas that you can start your import business with 

> Shoes  > Jewellery & Pearl  > Glassware  > Organic Chemical  > Electronics  > Beverages   > Perfumes  > Soyabean oil  > Plastic articles 

Top countries from where India import goods-  

China, US, UAE, Switzerland, Saudi Arabia, Qatar, Germany, Iraq, Indonesia, etc.  

Conclusion-

I agree that there is competition in the market but there is still enough space for the new entrepreneurs to start and grow their business. You just have to find the right product for the right market.  If you are not sure about what to import and have no idea of what to deal in, try the above listed ideas. Remember that quality always comes before quantity because no matter where or what you import, customers will only buy from you if they find quality products.  There are many ways to learn import export business. You can also join live webinar from Digital Exim by our expert Kavit Ashwin Shah. Click the link below to join webinar.     https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Don’t forget to checkout out our website! 

Indians have been doing great in the export import business for the last one year. India is witnessing its highest exports in recent times. Export-import course online will give you a clear view of which product you can do your business. India is again set to break its record in the toy market. The Indian toy market, which is currently estimated at $1 billion has the potential to double itself by 2025. The Indian toy industry to grow to $2-3 billion by 2025. Join the import-export course in Ahmedabad to learn more about topics related to the export import business. The domestic toy demand is forecasted to grow at 10-15% against the global average of 5%. The Indian toy industry is only 0.5% of the global industry size indicating a large potential growth opportunity.   The toy manufacturers in India are mostly in NCR, Maharashtra, Karnataka, Tamil Nadu, and clusters across central Indian states.

Indian Toy Market Growth-

• India has one of the largest young populations and India’s toy industry is witnessing a rapid growth.
• Another reason can be India has boycotted many of the Chinese products and China was the main export of toys to India. Because of boycotting people are not buying Chinese products thus Indian manufactures are growing.

• China being the world’s largest exporter of toys was giving competition to Indian manufactures. Due to recent disruptions in the supply chain, a vast untapped potential has been realised within our domestic market.

The increasing domestic demand for toys in India is also being catalysed by the country’s strong economic growth and rising disposable income. The nature and techniques of play are fast evolving. Today there are different and advanced toys available. The advanced technology and machinery has encouraged manufacturers to provide modern and innovative toys. The market is brimming with a wide array of both traditional and modern toys. The past few years have seen a lot of new developments and growth within the toy industry in India. At present, the electronic toys and games as well as the battery-operated toys are not yet being manufactured in India.  Digital & technology advancement in toys is leading to rising application of artificial intelligence, especially in STEM toys.

Toy industry has a critical role in bringing play to every child not only in India but all over the world. I mean who has not played with toys in childhood. Currently 15 percent of the toys demand is met indigenously, while 85 per cent is imported from different countries like China, Malaysia, US, and Netherlands. India gears up to leverage the potential through well-laid-out policy measures, the over dependency on imports can be reduced to 60 per cent.

Domestic Toy Industry key factors:

• Promoting quality toys and maintaining the affordability of those quality products are the two key pillars.
• Newer and more innovative products being introduced into the Indian market.
• The Indian toy market provides a vast opportunity to be tapped as most of the Indian population is below age 25.

The toy industry plays an important role in bringing the gap between day-to-day studies and practical hands-on learning.   Do give us a visit. 

India is one of the largest sugar producing countries. Import and export courses online can guide to make a correct move on international business. India is expecting a huge rise in the sugar export sector in the coming years. Sugar production in India is estimated to have reached 31 million tonnes in the 2020-21 season. Import export training in Ahmedabad can guide you in best sugar export.

India Sugar Export

India is the second biggest producer of sugar in the world. Sugar exports stood 5.9 million tonnes in the FY 2019-20. In October 2021 India exported 8,424 tonnes of raw or white sugar under TRQ (tariff-rate quota) to the US. India enjoys duty-free sugar exports to the US for up to 10,000 tonnes annually. India’s sugar export rose 20% to an all-time high of 7.1 million tonnes in the year 2020-21.

Top countries import sugar from India: 

• Indonesia- 1.69 million tonnes
• Afghanistan- 6,23,967 tonnes
• UAE- 4,60,816 Tonnes
• Sri Lanka- 3,78,280 Tonnes

India exported sugar to 60 countries, and around 60% of the total shipment were to Iran, Somalia, Malaysia, Sri Lanka, and Afghanistan. Last year Iran was the top export country for Indian sugar.  

Top 5 Sugar Exporting Countries:

• Brazil
• India
• Thailand
• Australia
• Guatemala

Scope of sugar Export-

• It is estimated that the sugar production will reach 31 million tonnes in the FY 2021-22.
• Sugar is estimated to touch 39.5 million tonnes.
• The domestic consumption is estimated at 26.5 million tonnes while exports are estimated at 6 million tonnes.

Major Sugar Importing Countries:

• Indonesia-  5.2 metric tonnes
• China – 4.9 metric tonnes
• United States- 2.86 metric tonnes
• Bangladesh- 2.45 metric tonnes
• Algeria- 2.4 metric tonnes
• Malaysia- 2.13 metric tonnes
• European Union- 2 metric tonnes
• South Korea- 1.9 metric tones
• Nigeria- 1.88 metric tonnes
• Saudi Arabia- 1.5 metric tonnes

The sugar exported is around 18.600 crore, contributing to the countries’ export earnings and increasing the liquidity particularly in this pandemic. According to AISTA (All India Sugar Trade Association) export contracts for 56 lakh tonnes of sugar have already been taken. Uttar Pradesh, Maharashtra, Tamil Nadu, Karnataka are the major sugar producing states of India. UP, the countries’ largest sugar producing state, has produced 105.62 lakh tonnes of sugar till April 2021.  Digital Exim provides import export training courses. Digital Exim classes are online so that you can attend classes sitting in any corner of the country. Digital Exim provides export import classes, 6 month consultancy, and life time help desk. We have trade managers with years of experience in international trading, who are here to solve your problems. Join Digital Exim and know when and where you can start your export import business. Do give us a visit!  

Every trader understands the importance of a warehouse. Warehouse services play a prime role in the storage and exchange of goods. It is a requirement for most businesses that export, import, manufacture, and transport goods. Before moving to the importance of warehouses, first, let’s know what international trade is. International trade is the exchange of products and services. A combination of export and imports makes international trade. Import-export business training ensures you know every detail of the warehouse in the logistic system. Warehouses give you better control over inventory and make sure that customers receive products on time. It provides storage for the finished goods and also includes packing and shipping of the order. Warehousing services can provide economic and service benefits to both businesses and customers. It fills the gap between the time of production and the time of consumption or delivery in the market. Warehouse has an impact on everything from obtaining raw materials to managing inventory to sending orders.  

Now let’s move towards why warehouse is important-

Importance of Warehousing in Logistic System

1 Visibility of Stock-

Warehouse strategies to manage their stock and provide accurate insight of the inventory. Managing and keeping stock is a big task and needs a designated place for it.

2 Preserve Goods-

Warehouses are needed as production is now conducted on a large scale. There is a time gap between production and consumption of goods so it needs to be preserved properly. It keeps the goods intact.

3 Price Stability-

Due to warehouse facilities, it is possible to bring a proper balance between demand and supply of goods. It makes the balance between the demand and supply that brings price stability.

4 Central location of Goods-

A warehouse provides a central location for receiving, storing, and distributing products. So, it reduces the transportation cost of a business. It is the responsibility of warehouse personnel to identify, sort, and dispatch goods as soon as the shipment arrives.

5 Easy Packing-

A warehouse has all the equipment needed to store, move, package, and process orders from customers. It has everything in one place like loading docks, and packing materials, which will result in money and time savings.  

6 Controlling Risk –

A perishable commodities warehouse is needed to provide safe storage of the products like eggs, medicines, fruits, etc. Depending upon the product you can have refrigerators or temperature control storage for the products.

7 Quality control-

The details and configuration of any product stored in the warehouse should be recorded perfectly so that the correct product or goods can be delivered to the right place at the right time.

8 Price Stabilization-

Demand and supply of goods varies from time to time depending on several factors. You can store your product in a warehouse and wait for when the demand goes high. This protects the owner from loss.

9 Effective and Efficient Distribution-

It allows efficient distribution to your customers. The customers will receive their orders correctly and within the time. 

10 Goods Security-

A warehouse also protects goods. Warehouses have security personnel and security technology like CCTV to make sure goods are safe and no one enters without permission.

There are different types of Warehousing in Logistics-

• Public Warehouse
• Private Warehouse
• Bonded warehouse
• Smart Warehouse
• Consolidated Warehouse
• Distribution Warehouse

Warehouse service is the most important component of the logistic system. Efficient warehouse management enhances the growth and expansion of logistics and business. Export-import consultancy services assist you in understanding every term of export and growing your business.  For more information visit our site!

There is an increase in demand for honey across the world especially after covid-19. India is one of the largest honey producers and exporters in the world and so the export of honey from India has increased. Export-Import Course in India yields a successful future for exporters with a promising & stable career. One of the best ways to achieve success in Export Import Trade is by selecting the best product possible. One such product is the Export of Honey. In 2020-2021 India ranks 6th in the world in exporting honey. In ancient times, honey was widely used as a sweetener, but today’s world has found more honey usage than just being a sweetener. Apart from this, honey also has religious connotations in some religions. Honey possesses anti-bacterial, anti-fungal, and anti-oxidant properties hence widely used. Year over year, global exports of natural honey increased in value by 15.3% from 2019 to 2020. The global market size of honey is around US $8.4 billion and it is projected to reach US $10.3 billion by 2015.   https://www.youtube.com/watch?v=Fxa1NhzAE4o     Here’s a list of the top 10 countries India exports Honey to:

• USA: 48,258.18 (Lacs)
• Saudi Arabia: 4,901.26
• UAE: 4,503.67
• Bangladesh: 1565,02
• Canada: 1556.89
• Qatar: 1454.94
• Nepal1429.89
• Morocco: 1264.85
• Yemen Republic: 1,001.14
• Kuwait: 849.47

10 Countries that exported the highest worth of Natural Honey (2019):

• China-US $253.3 Million
• New Zealand- US $228.8 Million
• Argentina- US $146.7 Million
• Germany- US $131.5 Million
• Ukraine- US $113.3 Million
• India- US $ 99.6 Million
• Spain- US $92.1 Million
• Hungary- US $82.5 Million
• Brazil- US $67.9 Million
• Belgium- US $ 64.1 Million

Indian honey is making a good name in international market, it can be justified by the fact that exports of natural honey from India Increased from $31.64 million in FY2010 to $108.68 million in FY 2016.  

The uses of honey extend to medicinal purposes too. The only questionable aspect of honey is the quality of honey sold in the local market or being exported to the international markets. Major honey producing states in the country are Punjab, Tamil Nadu, Bihar, and West Bengal. India exports high-quality honey and yields huge returns! Indian Exporters enjoy sweet rewards in exporting honey. The documents needed for the export of honey are the usual the additional document needed would be the quality certificate from international standard setters. You can be a very successful exporter of Honey from India and earn huge returns. Visit Digital Exim to learn the advanced export import business planning and walk on the road to success. Contact us to avail the best export and import training program. Our highly experienced trade managers are there to interact and give to live sessions. Visit our website to know more!