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    An Importer’s Guide For The Peak Period
    Updated On: 18 Aug 2021 | 146 Views

    An Importer’s Guide For The Peak Period

    An Importer’s Guide For The Peak Period

    Running an importation business has proven more difficult than ever for small businesses in the past year. However, during the peak period of the shipping industry, the difficulties in managing importation into Nigeria doubled. Both the importer and your freight forwarder are faced with quick rising freight rates, continuous delays, and cancellations. 

    The peak period begins building from August but reaches its threshold between September to December, and sometimes persists till January of the following year.

    As a regular importer, there is no way you can fully avoid the peak period in the shipping industry but you can, however, prepare yourself and your business and that will at least mitigate its effects on your business and customers.

     

    Tips For Planning For The Peak Season

    • Stock up

    The peak period comes with inflated prices for shipping, delays in freight booking, shipping, delivery, and I’m sure this year is not going to be any different. So with proper planning, you can buy your stock for the last months of the year earlier in the year and wait till then to make sales. This will do 2 things for you:

    1. You save money on shipping costs as you will not have to ship when the peak period inflation begins.

    2. You won’t have to disappoint your customers because of the delays because you will already have your goods in stock.

    • Set a Realistic Budget

    You will inevitably ship during the peak period, so what can you do to make it less hurtful to your finances? Plan. Set a budget for shipping based on the type of goods that you will be shipping, the country of origin, and of course, the peak period. It is important to remember that freight rates are going to be high, and can even be double the normal shipping rate during this period. With realistic budget planning, you can identify avenues to save costs while shipping.

    • Know Your Freight Forwarder

    Whether you are a seasoned importer or a novice, you can’t bring goods into the country without the services of a freight forwarder, so the least you can do is to make sure that you use a freight forwarder with knowledge about the industry, experience, expertise, and one that is customer-centric and will be considerate towards your interests.

     

    What To Expect During The Peak Period

    This article will not be complete without discussing what your expectations should be during the peak period

    1. Delays: Delay in shipping and delivery of international cargo during the peak period is as a result of the congestion at the ports. This usually leads to rescheduling and/or cancellation of freight booking in both the shipping lines and airlines.

    2. Freight Rate Surges: From experience, we can categorically state that freight rates increase by at least 50% during the peak period and sometimes rise by up to 70% at the highest point in the peak period (usually around late October to December).

    3. Missing Items: As a result of the congestion and hustle and bustle at the ports of loading, there is a high possibility that goods are left at the point of loading, and these goods can get missing. That is why it is important to engage the services of a freight forwarder that knows the game.

     

    VHI Logistics Services Amidst The Peak Period

    This is where our services come in, we are a freight forwarding and logistics firm that considers the satisfaction of clients as a priority. You’ll enjoy the following benefits by shipping with us:

    • Constant update for you: You can track your packages with the constant update you will be receiving from us about the location and progress of your shipments.

    • Safety of packages: Although the peak period poses the risk of missing items, we can guarantee that every item you ship with us will be delivered safely.

    • Friendly quotes: Although the peak period poses the challenge of freight rate surge, we assure you of friendly market prices that will match your shipping budget.

     

    Contact Us

    Call: 08032241768

    Send a mail to info@valuehandlers.com 

    Visit www.valuehandlers.com for more information.

    About the Blogger: Valuehandlers is a freight forwarding and logistics company with deep competencies in Air cargo freight, Sea freight, Express parcel, E-commerce logistics, Import and Export documentation, door delivery and pick-up services, Customs clearing, and warehousing.




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