Amber Stellingwerf

Reverse logistics is similar to Exporter of Record. It refers to the movement of goods in the opposite direction of a traditional supply chain import. With the growing global focus on reusing and recycling goods, the EoR process allows you to export goods from the end user back to the original source ensuring you meet the trade and compliance needs to the country.

A good import compliance manual will reflect the businesses policies and procedures as they are, not what the company wants them to be. It will be specific and will have achievable goals. The compliance manual should have meaningful objectives and procedures. It should address regulatory requirements and best practices. A good import compliance manual should also be reviewed on an annual basis to make sure policies and procedures stay relevant to the ever-changing regulations.

Moreover, even if the demand is impacted by period cycle, international freight is in constant growth. There might be a slowdown at some point of the year (usually around Christmas), but this is counterbalanced by an important increase at the beginning of each year.

The rates remain high because there are still problems of spaces for loading ships. The “peak season” is the period from May to November, there is a great demand for freight transport. In this period, you might expect higher rates as compared to slowdown periods.

Fuel is another crucial factor in the market, or what is called the Bunker Fuel Factor. It is often a possible surcharge that the carrier can charge when oil prices vary.

The first thing all traders will need is an Economic Operation Registration Identification (EORI).

This is a 12-digit number that will start with GB, and if you’re registered for VAT will include your VAT registration number.

This is needed so firms can continue to import or export goods to the EU or rest of the world in a no deal, and so they can apply for authorisations that will make customs processes easier. This will help ease the burden on those firms trying to prepare, but it’s just the first step for traders to be day one ready. There are also thousands of businesses that are not currently VAT registered that will not be automatically issued and still need to register themselves.

To find textile products buyers from Europe, my advice would be is to utilize online B2B platforms. I think that it is the most effective method to find your customer. They will work to make your business enhanced in degree across the globe altogether by possessing transactions uncomplicated or move forward unhampered and at the same time, constructing the condition of being definitive as to SMBs, SMEs etc. in order to make and be in tight association with new markets. This is by giving substantial tools to manufacturers, suppliers, exporters, distributors and wholesalers with the objective of being within contact of universal and solid group of audience as to your textile products (within such case). Inside this manner, drawing in your textile buyers of Europe and deriving a business benefit with the assistance of it.