Here are some tips and techniques on saving the ocean freight shipping cost:
Ship off during the off-peak days :If you have been shipping off products on a regular basis, you must know ocean freight cost has been cyclical throughout the year and one of the easiest ways you can save the freight shipping cost is when you opt for shipping the products on off-peak days. This is advisable as there will be no PSS (peak season charges) applicable and one can easily save the extra charges. Or follow if your do regular movements fix contracts with your freight forwarder, in such scenario you save at least of 25% that the market rates.
Choose the right mode of shipment :It is always advised to choose the right mode of shipment because choosing the right mode would help you in your cost reduction strategies. Understand the number of products you need to ship and then decide which container would fit your requirement. Any consignment less than 15cbm i.e cubic meters is advice by LCL mode and above that always choose FCL consignment, however CBM is not the only criteria which an exporter should map, there are multiple factors an exporter need to consider. You can always consult your freight forwarder before you move your consignment.
Communication is the key :While you’re shipping your shipment from point A to point B, it is always advisable to communicate with the freight forwarders clearly and precisely. Always request your freight forwarder to allocate an account manager for your consignment and be very transparent while shipping your consignment of country.
Give importance to packing, cartons, and product design :When you’re ready to ship the products, you must give much-needed attention to the packaging, cartons being used to ship. Make the freight forwarder understand how you want your shipment to be packed and once you decide it, the shipment could stack up the products in a way that more and more products could fit in and save you the cost. This is one of the most successful cost reduction strategies you can use to save some bucks because if you’re not specific, the packing of the shipment could lead to wastage and then eventually extra money.
Digitalize the process :One of the ways to reduce freight costs is to look for freight forwarder who can manage the entire shipping process digitally and whenever you have a query, they have an answer. Freight forwarder using digital cloud process is more effective and makes the shipping process hassle-free. No more papers and documents are required for making a shipment can help you save time and money. At Boxnbiz, we use the highest technology to manage the entire process to make the process hassle-free for you along with us too. Our customer care team is always just a call or text away in case you have any sort of inquiry.
Regular customer :This might seem like an odd option but it works for a lot of importers and exporters when they have a good rapport with the freight forwarders. Being a regular customer could help you enjoy the benefits or perks that the freight forwarder company would provide. Some of the freight forwarder companies provide their regular customers with various perks like some discounts in fee, priority for the shipment, etc. You being a loyal and regular customer can help in saving money on your ocean freight cost.
Always lock a contract :Exporters having regular consignment with consistent frequency should always fix contract for your consignments, doing this helps freight forwarder to plan your consignment well, it also helps you save at least 25% cost on the regular shipping cost.
Choose Triangulation :This is another way to reduce freight costs that you as an importer and exporter can choose for saving extra bucks from your pocket. Triangulation refers to the freight forwarder using the same container for exporting and importing your shipment. It’s a perfect way cost reduction strategy to optimize inventory and save you good money on your consignment.
Plan effectively :Last but not the least, advanced, and effective planning is going to help you in ways to reduce freight costs along with prioritizing the requirement while shipping. In such scenario having a knowledgeable partner with visibility into sailing schedules, inventory etc. will help you pre plan your shipment well.
Above mentioned points are some of the ways to reduce freight costs for your shipment. Boxnbiz has a reputation for shipping the products international with utmost transparency through its digital platform at most competitive costs. Boxnbiz provides their customers with complete digital platform where you can search rates, manage bookings & track end to end consignment from a single platform.