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Samsung Shifts Manufacturing Unit to Noida

Samsung Shifts Display Manufacturing Unit from China to Noida

Samsung who tops global smartphone market with 23% share in Q1 2021, has shifted its display manufacturing unit from China to Noida, India. A delegation of Samsung led by the company’s Southwest Asia President & CEO Ken Kang meet with Uttar Pradesh Chief Minister Yogi Adityanath. Earlier in December 2020, Samsung announced to invest Rs 4,825 crore in India for moving display production unit from China to India.
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Global Trade Data

The Role of Freight, Transportation and Logistics in Global Trade

We do import and export business in a highly complicated world with circuitous global supply chains, rising shipping rates and increasing import tariffs. Components, raw materials and finished goods often traverse the globe until they reach their final destination – the customer. Freight shipments are moved from point-to-point by transportation and logistics providers. How logistics companies can find their customers? Export Genius global trade data covers shipping details including business & contacts of importers & exporters.
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Global Trade Data

Logistics & Global Trade – Optimize Business with Third Party Logistics

When it comes to third party logistics or commonly known as 3PL, there are lots of factors to consider. Before understanding how 3PL plays an important role in import-export business and supply chain, let’s first discuss what is 3PL. Third Party Logistics (3PL) has been defined as the function by where the client (who is owner of goods) outsources various constituents of the supply chain to a 3PL company. This 3PL company can then manage the inbound freight, client’s customs, distribution, warehousing, order fulfilment and outbound freight to the client’s customers.
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India Trade Data

Cyclone Tauktae and Yaas Impact on Indian Industries

Tropical cyclones Tauktae and Yaas caused widespread damage in specific regions of Gujarat, Maharashtra, Odisha and West Bengal as a result of high winds and flooding. Direct impacts on commercial property and infrastructure can lead to production shortfalls. Further loses can occur if business continuity is lost through disrupted supply of intermediate inputs from, or distribution to, other businesses. On the basis of Export Genius market research reports, let’s have a look at industries which are most likely to impact from 2021 year’s two cyclones; Tauktae and Yaas.
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India Trade Data

India Extends Coronavirus Lockdown Until May 3 – Financial Relief Announced

India is under 2nd lockdown due to coronavirus spread, which has forced to 1.3 billion people to remain in their homes till 3rd May 2020. The first lockdown which was of 21 days ended on 14th April 2020. Although some relaxation may come into force in some districts of states post 20th April, after assessing the situation. Districts in India have been categorized into three zones – Red Zone (more than 15 cases), Orange Zone (0-15 cases) and Green Zone (0 case). Government has issued fresh guidelines for second phase of lockdown.
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Sport Goods Global Trade Data

Coronavirus (Covid-19) Pandemic Impact on Global Sports Industry

The Coronavirus (Covid-19) pandemic at the beginning of 2020 hit the sports industry globally hard. Many professional leagues across the world suspended their seasons and numerous events were cancelled. As a result, there is a huge loss to the industry and to trade of sports goods. According to Export Genius trade data, total sports goods and equipment valued US$ 119.0 billion shipped in 2018 and US$ 124.5 billion imported around the world.
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Exporting Commercial Goods

How to Start Exporting Commercial Goods in New International Market?

Want to export commercial goods into new international markets? Where to begin? To start exporting goods from one country to another, you will be required to know key trade documents, do market research for studying market components and prepare strategies for making things into your business control. Apart from import/export number, you might also be required to obtain permits or licenses for following government regulations to export products.
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Market Research Data

What to Find in Market Research Data & Report for Business Growth?

Market research is an integral part of import-export business and related strategic plans. It consists of fact findings, statistical information, data analysis and forecasts. All these are crucial in having a wider & clear picture of what kinds of new products and services may bring a profit. These are also important for knowing and understanding needs of customers, how to best market of products and configure the potential growth of business.
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Import Export Business

How to Boost Your Import Export Business in Africa Region?

Running an import export business is very challenging these days. The challenges like disruptions in the supply chain, currency exchange rate variances, language issues and all combine to create a host of problems. The global business is one of the most profitable opportunities for traders while some traders weigh the risk against potential benefits as they would quite keep on trading within the country’s borders.
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Advantages of Warehousing

What is Warehousing? How it is Useful for Global Traders?

Warehouse can be defined as the commercial building or godown for storage of goods. It is used for storing the goods by traders that will be distributed later. It is mainly used for preventing losses and damages that may arise out of defective and unsecured. Traders usually store the cargo in a warehouse and get it released when it is required for manufacturing or sales.
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Import Export Data

What is a 3PL? 5 Tips to Choose Best Third Party Logistics Provider

Third Party Logistics or 3PL is referred to as managed warehousing, which outsources various elements of international trade logistics and performs various management & logistics functions including inbound freight services, customs clearance, storage & warehousing, order fulfilment & distribution and outbound freight services. What exactly third party logistics is all about? What services 3PL provide? And what things to keep in mind while choosing a right 3PL provider.
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Importance of Logistics

What is the Importance of Logistics in Global Trade? 7 Points to Note

Logistics play a crucial role in today’s economy. Improved trade logistics infrastructure such as roads & highways, ports, railways, airports including dry ports, warehousing infrastructure and labs & testing facilities are necessary for sustainable and balanced economic development of all parts of the country. Logistics is the management of transporting goods from the point of origin to the point of consumption in order to meet customer’s requirements.
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