The international trade industry sees millions of transactions every year. If you are a part of it, you already know that there is no way to avoid Incoterms. International Commercial Terms were first defined in 1936 by the International Chamber of Commerce as a universal language that trading companies worldwide…
In today's market, approximately 400 billion dollars worth of merchandise is annually exported from Mexico. About 80% of that total goes directly to the United States. There have been talks of building a wall between the United States and Mexico for quite some time now, and many people forget how…
Consumer packaged goods (CPG) are industry terms for goods that customers use up and replace on a regular basis. Food, beverages, cosmetics, and cleaning products are all examples of consumer packaged goods. CPG can be contrasted with durable goods (DGs), an industry term for merchandise that is not consumed or…
Logistics and supply chain management are two terms that are often mistakenly treated as synonymous. The fact is that, although they are practically inseparable and complementary, they have different definitions. In general, the supply chain can be defined as a global and broader term than logistics. In reality, logistics is…
