Knowledge base

Administrative barriers: A roadblock for your expansion into global trade?

Monday,January 19, 2015 at 6:22 am

The lowering of customs duties and trade tariffs across country borders seems to have increased the costs towards compliance and related formalities! Statistics show that an average trade transaction includes at least 40 papers involving more than 20 stakeholders on an average. Not to mention, approximately 60% the documents submitted are retyped or rewritten at least once during the trade transaction. What traders today need is a trade process w Continue reading

Commodity cost calculation made easy with technology

Monday,January 19, 2015 at 6:07 am

Many a times, traders fail to dedicate time and attention towards analyzing all the factors and costs prior to making a purchase decision. Due to this reason, a majority of these traders lose out on profits and other financial savings.   Is manual computation of costs feasible?   Landed cost of a commodity not only includes the product price, but also includes all allied costs such as transport, insurance, storage, other duty fees etc. Continue reading

The relevance of data accuracy and consistency in global trade

Monday,January 19, 2015 at 5:57 am

Global trade markets are in the dire need of an efficient and accurate data quality management system that can be used across industries all over the world. The quality of data shared in a supply chain depends on the stakeholders using the same.   Technology enabled validation of information can ensure accuracy and clarity in data shared, thus creating a repository that enables you to take the right decisions for your business.   Data a Continue reading

Procuring commodities optimally through technology enabled solutions

Monday,January 19, 2015 at 5:40 am

One of the paramount tasks you should perform while taking part in international trade is optimizing your sourcing strategies. Omitting or neglecting these factors in the initial stages of your trade can later affect your business performance adversely.   Understanding the right supplies for your trade is a crucial decision for every company while venturing into the global market. Software allows you to take knowledgeable decisions after co Continue reading

The port that is India’s primary public company – The Kamarajar port

Monday,January 19, 2015 at 5:30 am

The Ennore port, recently renamed the Kamarajar port lies along the Coromandel Coast in the district of Chennai, Tamil Nadu. Originally constructed to support the functioning of the Chennai port’s demands with regard to power and electricity, the Kamarajar port opened in the year 2000 with the Central Government of India holding 68% share in the port and the rest owned by the Chennai port trust.   The Kamarajar port depicted as Asia’s en Continue reading