They could cost you money – and much more
Cargo moves on trucks, trains, boats and planes – and paper. Throughout the process and around the world, border compliance and red tape can snag shipping as surely as bad weather and equipment failures.
Clearing some borders is a breeze, as long as your documentation is in order. But some countries are notorious for inefficiency and regulations that cause delays and additional costs.
It’s important to understand where the bottlenecks are and how you can avoid them. Delayed shipments can cost money in many ways. And for a program manager in charge of an important new project, a supply chain disruption could cost them their job.
In a freshly-published global survey, the World Bank measured the time for border and documentation compliance. Differences among regions and nations are striking, and worth knowing as you develop your shipping strategy.
Time is money
The World Bank’s “Trading Across Borders” research tells us...
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