Shipping to LATAM?

Risky markets such as Latin America (LATAM) offer huge business opportunities if you can rely on the right logistic partner

LATAM: a quite appealing market for US Companies

Many businesses consider Latin America a very valuable partner in a global supply chain – and for many good reasons. With a total GDP of $5.61 trillion, the LATAM region offers a great potential to reach over 500 million consumers.

In Latin America, opportunities abound for both sourcing and selling. That’s why many overseas companies are working on expanding their presence in the region.

Shipping to LATAM: the challenges

Even if LATAM is a very attractive market, profits won’t come without a few challenges. Be prepared to face numerous obstacles at customs, for instance. Shipping into the region often gets expensive and can be quite time-consuming.

If you are starting to trade with Latin-American partners and want to know how to ship cargo to some countries in the area, you need to understand the procedures and the complex documentation required. Or to rely on a trustworthy, experimented advisors.

Each country within the region has its own particular set of import/export rules and regulations. That’s why it is extremely important to work with a logistics provider that has experience on compliance procedures for both air and ocean transport. Only by minimizing difficulties in delivering products to clients in LATAM you can really start dreaming with great profits.

How to avoid problems in your shipments

Working with the right logistics supplier makes all the difference in the world – and in LATAM, too.

When you can rely on a company with own-offices all over LATAM and experienced teams of expert operatives in each country, you can leave logistics to them and focus on making great business.

EP America has the solution you need

Leave you logistics to us. This is all we can do for you in EP America:

* Advising on the most appropriate mode of cargo transport.

* Instructing on exporting costs, including freight costs, port charges, consular fees, special documentation costs, insurance costs and freight handling fees.

* Preparing and filing the required export documentation, such as the bill of lading and routing, appropriate documents to the seller, the buyer or a paying bank.

* Reserving the necessary cargo space on a vessel, aircraft, train or truck.

* Coordinating our teams at origin and destination, to make sure everything is in line with compliance requirements.

Do you feel identified with any of the challenges when trading with your partners in south and central America? Having the best service to LATAM doesn’t have to be expensive!

Contact us and learn more: airandocean@ep-america.com

 

Are you importing to the right port?

How do you choose the best port for your imports

Choosing the best ocean port

Choosing the right port to import your products can have a great impact in both the cost of the shipment, and on the time it takes for the cargo to arrive. To choose the best, you’ll need to look at the impact of port location, freight costs, inventory costs, and last mile delivery on your scheduled time-to-market.

It takes around 34 days to ship from Hong Kong to New York, and only 20 days to ship from Hong Kong to Los Angeles (LA). How important could be this 14-day difference to you?

If you are importing from Asia into the U.S., you’ll need to decide where your containers will land: on an East Coast, Gulf Coast or West Coast port. If you import into Southern California, over-the-road (OTR) freight costs will increase from moving goods from west to east. For lower-cost commodities, you may prioritize lower freight costs over shorter ship times and elect to ship your freight direct to East Coast or Gulf Coast ports. 

But, if you’re shipping higher-value, short-shelf-life products – like seasonal clothing, for instance –, an extra 14 days of ocean transit could mean you’ll miss a portion of your selling season. For these products, a West Coast port will likely be the best solution when importing from Asia. It will save you two weeks of ocean transit time, and you can ship OTR from LA to 90% of the U.S. within five days.  

Trucking to destination

Land transportation costs are a key factor in the port selection equation. U.S. shippers and consignees are facing huge truck intermodal cost hikes. Rapid economic growth has resulted in a rise for supply chain costs.

The Electronic Logging Device (ELD) mandate is also changing trucking by increasing transit times, further increasing costs.

Before ELD, single truck drivers would routinely make 450+ mile trips, being able to unload and return in a single day. With ELD, a trip that distance is pretty much impossible to do in a single day for a single driver.

Need to consult if your lanes are the best?

Even if you have a huge logistics department in your company, choosing a carrier yourself can be hard, especially since the carrier of your choice might not efficiently service the port that might work best for your supply chain.

The best solution? Working with a third-party logistics company. A good 3PL supplier can route your cargo to the best port, on the best carrier, in the best way possible.

At EP America, we personalize every shipment, considering your needs in cost-saving and the transit time that best works for your supply chain. We enable you to ship into different ports, while maintaining the costs as low as possible.

Contact us for a quote: airandocean@ep-america.com