In recent years, ecommerce businesses have become increasingly popular as more consumers turn to online shopping for convenience and accessibility. As these businesses continue to grow, the importance of shipping and logistics cannot be overstated.
When sending a package, most people expect it to be delivered with no concerns. Unfortunately, unforeseen events can sometimes cause issues with shipments. The package may be lost or damaged in transit, causing frustration and inconvenience for everyone involved. This is where package insurance, or shipping insurance, becomes beneficial.
The trading card market is one area that has seen recent tremendous expansion in the United States. With rare cards fetching millions of dollars and online marketplaces making it simpler than ever to purchase and sell cards, what was once a niche interest for a select few is now a flourishing industry.
Online shopping traditionally increases at the end of the year. Black Friday, Cyber Monday, and end-of-year sales make it prime time for high-ticket purchases and holiday shopping. The COVID-19 pandemic only strengthened demand in the e-commerce industry and continues through this holiday season.
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Online shopping is expected to enjoy another year of growth this holiday season. The growing e-commerce sector is expanding reach and ease of access to many goods, especially on Black Friday. With a broader audience, merchants can expect higher demand and some challenges to anticipate on the company side.
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Declared value is the cost of a shipped item as stated by its shipper. Declared value is an option when calculating freight charges. It is used for limiting the carrier’s liability for delay, loss, or damages. Usually, declared value reflects the shipment’s cost to the business and is generally less than the customs declared value. When you are shipping a package, you will get declared value coverage.
Does it feel like the beginning of 2020 was a lifetime away? We don’t blame you: it’s been an exceptional couple of years for most of the shipment industry.
Now that we’re two years into the COVID-19 pandemic, we can examine the long-tail effects of this on the shipment industry. This article was formulated to examine the impact of COVID-19 on the shipping industry. Read on to find out exactly how the industry has been affected and how you can proactively overcome these hurdles.
Let’s forget about COVID for a moment - we could all use a break from COVID talk in the shipping industry. Let’s talk about cargo shipping for a moment. When we talk about freight shipping, almost anything can happen! Human error accounts for 75% of marine liability losses. It’s not surprising that most of these accidents could have been avoided by contingency planning and proper training.