This episode is a must-listen for ecommerce operators looking to source inventory internationally. It breaks down the complexities of overseas shipping, including how to navigate FOB vs. CWX, avoid unexpected charges, and negotiate effectively with suppliers. The hosts share practical advice and real-world missteps to help you streamline your international sourcing process and minimize costly errors.
Key takeaways
Understand the differences between FOB and CWX shipping to choose the most cost-effective and suitable option for your international shipments; FOB is often preferred due to its inclusion in overall pricing.
Implement thorough product inspections before overseas shipments depart to prevent quality issues, costly returns, and damage to your brand reputation.
Actively haggle and negotiate with overseas manufacturers and suppliers to secure the best possible prices and terms for your inventory.
Anticipate and plan for potential hidden fees, duties, and taxes associated with international shipping to avoid unexpected charges and ensure accurate cost calculations.
Learn from common missteps in international shipping by understanding the hosts' past experiences to mitigate your own risks and streamline your logistics processes.
This is the second part to our importing and
shipping series. Last episode we discussed the benefits of
going with domestic manufacturer and all the challenges that comes
with that. Today we discuss the process of ordering and shipping
from overseas.
When you get your shipment from overseas like
from China you have two options you can go FOB (Free on Board) or
CWX shipping. Free on Board is delivered to the airport or port and
is loaded based on priority. CWX is loaded up by the manufacturer
and available for pick up. We tend to go with FOB because it's
often included in the overall price.
Deciding which type of shipping is just the
beginning. We talk about the whole process and how to approach
business overseas.
The topics we cover today are: How to avoid unexpected
charges.
The importance of
inspections.
How to haggle for the best
price.
Mike and Grant's missteps in the
shipping process. We have decided to make this a 3 part series.
So next time we will discuss how to choose the right
manufacturer. If you have any questions or anything you'd like
us to discuss on the podcast please go to ecomcrew.com
and fill out the contact form. Also we would
really appreciate if you would leave us a review on iTunes. Thanks for
listening!
What does this episode say about supply chain & operations?
Understand the differences between FOB and CWX shipping to choose the most cost-effective and suitable option for your international shipments; FOB is often preferred due to its inclusion in overall pricing.
What does this episode say about finance & fundraising?
Implement thorough product inspections before overseas shipments depart to prevent quality issues, costly returns, and damage to your brand reputation.
What does this episode say about founder & leadership?
Actively haggle and negotiate with overseas manufacturers and suppliers to secure the best possible prices and terms for your inventory.
What does this episode say about supply chain & operations?
Anticipate and plan for potential hidden fees, duties, and taxes associated with international shipping to avoid unexpected charges and ensure accurate cost calculations.
What does this episode say about supply chain & operations?
Learn from common missteps in international shipping by understanding the hosts' past experiences to mitigate your own risks and streamline your logistics processes.
