The principles of freight forwarding are premised on the efficient and cost-effective transfer of goods that are maintained in good condition throughout their travels. To accomplish this, freight forwarders become experts in managing the logistics necessary to ensure that goods arrive on time. Successful trade and shipping in expanding globalized markets means having the right tools at your disposal. Negotiating tariffs, customs regulations and being fluent in the requirements of shipping by land, sea, rail, and air, freight forwarders manage the risks and benefits of shipping both nationally and internationally using the latest advances in information technology. Having the knowledge and skills to navigate the regulations of freight forwarding is integral to ensuring the successful shipment and delivery of goods. Even as the knowledge of customs regulations is an important component, the successful transfer of goods through freight forwarding relies on its service industry. As such, freight forwarding depends on having the right people whose commitment to excellence and customer satisfaction ensures that goods reach their final destination in a timely and efficient manner. In this module, you learned the components of global logistics and the parties involved in international trade. You have a better idea of the role of the freight forwarder within the international supply chain and are hopefully getting excited to become an "architect of transportation" solutions for your customer, the shipper. You understand why organizations turn to global supply chain strategies and trained freight forwarders. From what you learned, how do you think freight forward can make profits (brief explain your idea)?

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Freight forwarders can generate profits through various means leveraging their expertise and services within the global logistics landscape Here are s... View the full answer