Stefania Perrucci’s Post

Price undercutting to dominate the market and snatch customers through deceitful means... There has always been a limit to reduce prices to prevent monopolies. Nowadays, some new companies are excessively lowering prices but fail to provide service equal to their prices. This significantly affects larger companies striving to improve their services at the prices they offer to customers. We hope to standardize prices among all shipping companies, making service the differentiator even if there's slight price variance, and leave the choice to customers who ultimately suffer the most in the end.

💡 Tariffs causing uncertainty in your supply chain? We've got you covered! Discover how Fasteners Direct’s Stock and Lock system helps businesses lock in pricing, ensure consistent supply, and stay ahead in a turbulent market. Say goodbye to unexpected costs and stock shortages! 📦 Ready to take control? Call us today to learn more! #FastenersDirect #StockAndLock #InventorySolutions #SupplyChainManagement #FastenerSupply #TariffSolutions #CostControl #BusinessGrowth #ManufacturingSuccess #BulkOrdering #CustomKitting #TariffManagement #ReliableSupply #PricingSolutions #IndustryLeaders #EfficiencyMatters #ManufacturingInnovation #FastenerExperts #BusinessSolutions #PeaceOfMind"

haha Everyone is in a state of internal competition, and every factory is engaged in a price war. Customers think they have gotten a huge bargain and refuse to listen when you explain the product knowledge. There are stable suppliers. Unless the supplier's product price is no longer advantageous due to external factors or there are problems with the product, then the customer only looks at the price when they receive hundreds of inquiries. I am curious, the requirements for the boards written on their price list are ambiguous, for example, 18mm, and some will use 16mm instead, but they just write 18mm on the quotation sheet. As long as the customer is not in this industry, he will pay attention to the price. What a beautiful foreign trade environment.

Very insightful article digging into the background of material pricing. It is important to understand how each step along the supply chain will carry those effects to the next level. The end result is not typically favorable for anyone in the end- manufacturer or consumer!

What is FOB ? FOB stands for Free on Board or Freight on Board. It is a term used in international trade to specify the point at which the ownership and responsibility for goods shift from the seller to the buyer. Types of FOB : There are two major types of FOB 1. FOB origin/shipping 2. FOB destination Revenue Recognition Criteria : For FOB origin/shipping, control transfers to the buyer when the goods leave the seller’s port. This means that the seller recognizes revenue at the shipping point, and the buyer bears the liability for any damage or loss during transit. For FOB destination, the seller recognizes revenue when the goods are delivered to the buyer’s location. The seller retains the risk and responsibility for the goods until they reach the buyer.

Things you should be aware about shipping, FOB is fair enough for both sides. while importing or purchasing from anywhere you have right to negotiate about shipping terms, you have the right to know for what type of shipping term you're paying.

🌐 International Delivery Terms: EXW, FOB, and CIF 🌐 🚢 FOB (Free On Board): The seller delivers the goods to the edge of the ship at the port of loading. 🌊 🏭 EXW (Ex Word): The seller makes the goods available to the buyer at their own premises. 🏢 🌍 CIF (Cost Insurance and Freight): The seller assumes the costs and risks related to transportation until delivery, at which point the buyer takes over. 📦 #MsWorldTrade #InternationalTrade #Incoterms #Logistics

✨ Exciting News! 📢 The federal agency is gearing up to make a big decision later this month! 🚀 In a recent article from Supply Chain Dive titled "U.S. to Rule on Final Steel Mill Upgrades," it's revealed that this upcoming determination is highly anticipated by many in the industry. 🏗️🔧 This move could potentially impact numerous projects and stakeholders. Stay tuned for updates! 📚 To read more, check out the full article on Supply Chain Dive. 🌐 #SupplyChain #IndustryNews #SteelMillUpgrades

FOB incoterm advantage to the importer. 1. The importer can negotiate the freight with the carrier of their choice. 2. The importer is more involved in the booking process as well as vessel scheduling. 3. The importer can monitor the shipment from origin to destination through their forwarder. 4. The importer is informed of the exact port origin charges (if they want to know) which are normally hidden in CIF incoterm shipments.

When the prices are rising you understand why is strategic to have good supplier partnership ! Win win is not a one way direction.