Posted: June 24, 2019
Submitted by: https://excelsior.ph/
Whats the Difference Between a Freight Forwarder and a Customs Broker
Plenty of businesses relies on importing or exporting to acquire stock or serve customers. Importing and exporting goods and products made business growth possible. Globalization opens up new markets. Trading with countries and economic zones that might have been distant and unreachable is now completely possible as technology advances.
Due to its complexity, import and export businesses prioritize cost-efficiency to keep costs down and maximize profits. It’s why it’s imperative to select the right customs broker and freight forwarder to make this goal a reality.
Freight forwarder and customs brokers are two entities which play an integral part in carrying out logistics operations since it can be extremely complex with multiple transit destinations and parts.
The two have very similar responsibilities and are interchangeable. They can be adapted to suit the needs of their clients. However, the difference between a freight forwarder and a customs broker are much more visible.
In a nutshell, their differences lie down in the attributions each of them has. This infographic by Excelsior Worldwide Freight Logistics Corp. discusses the facts under their involvement on the supply chain of a freight company.