How to Lower your Purchasing Cost under the Raising Up Freight Cost?
The phenomenon of " hard to find a cabin " has become more obvious recently, especially some time ago, with the outbreak of a large-scale new crown epidemic in India, flights from Guangzhou to Shenzhen must basically be booked a week in advance.
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The phenomenon of "hard to find a cabin" has become more obvious recently, especially some time ago, with the outbreak of a large-scale new crown epidemic in India, flights from Guangzhou to Shenzhen must basically be booked a week in advance.
Sea freight is soaring, it is hard to find a container, and it is hard to find a cabin by air!
According to Flexport's analysis, The current floating average spot market rate from Asia to the West Coast of the United States is basically an average of US$10,000. plus equipment surcharges of US$3,000 to US$9,000 and priority loading fees, the actual shipping cost for moving a cabinet is US$13,000 to US$19,000, which is 10 times higher than before the epidemic. From Asia to the East Coast of the United States, including a surcharge of US$2,000, the actual shipping cost is between US$16,000 and US$21,000. The actual shipping cost from Asia to Northern Europe is between 15,000 and 20,000 US dollars.
To help you along the way, here are some tips to lowering Purchasing costs for your business:
1. Combine Your Transportation Options ship-and-plane
There are three primary ways to ship your goods: ocean, air, and ground. Ocean shipping is often cheaper than shipping by air, especially when it comes to international goods. If your goods are local, using railroads can be cheaper than using trucks.
Mixing the three transportation options can also lower costs and improve delivery times. Another option is to outsource your transportation—something that can save you from 3-5%. Shippers with a transportation fleet tend to pay 25% premium over logistic transportation companies. When outsourcing, be sure to hire a broker who is reliable and has a good reputation.
2. "Is this the best price I can get?" - GET QUOTES FROM MULTIPLE SUPPLIERS,
It’s essential to obtain quotes from different suppliers before purchasing an order. You’ll gain a better understanding of the overall market rate for certain items. Sometimes a New Supplier will surprise you. To win the order from your company, they will consider to lower to price to help you to save more cost on your purchasing plan.
3. Ship More, Less Frequently
Encouraging your customers to buy in bulk, or to place larger orders could help reduce freight costs. Shipping ten pallets in one day is more efficient than shipping two pallets every two days. Try adding benefits like free shipping on orders over a predetermined amount of dollars and give additional benefits to encourage buying in bulk. If you're working with retailers, the same concept holds. Give them extra incentives to order in bulk to save on overall costs and run a more profitable business.
As you know, Naips Lighting is always be your support. We will try our best to help you save your cost. Our team of experts will be happy to provide the required information and advice regarding the best LED Emergency driver and lights that you can use for your business. Contact Naips Lighting through this website.
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