Have you ever wondered, what is the one important factor that made the world embraced global trade that is often overlooked? Some countries have geographical and socio-economical advantages over...
Category: Supply Chain
Introduction There is much to learn from looking at how the logistics system works in one of the largest retail distributors in the world. Of course, we are talking about Walmart, one of the 9th...
If you raised the question of who pays for the letter of credit charges, chances are you are in deep consideration of using a letter of credit. Either your seller is seeking for payment assurance, or...
Starting an export business can be both exciting and scary. It is exciting due to the potential revenue a company can gain from having a global market reach, but scary due to unaccounted cost of...
Introduction As of now, the USA is the only adopters of the LIFO (Last-In-First-Out) inventory valuation method, other nations that are following the IFRS (International Financial Reporting...
Conceptually speaking, the trade of international goods is physical. So, understanding the logic behind shipping a container of goods from point A to point B is very digestible. However, the sale is...
