The global supply chain has become extremely complex. Proctor and Gamble has more than 75,000 suppliers, while Walmart counts more than 100,000. With so many suppliers in the mix, companies are finding it extremely challenging to keep tabs on their shipping containers.
The “IMO Scramble” isn’t the name of a new breakfast dish at a fast-food restaurant. It describes the plight of ocean carriers, who find themselves woefully unprepared for a new mandate on switching to cleaner-burning fuel.
Challenge: A U.S. furniture importer with over 100 shipments per month from China experienced costly demurrage and delays due to untimely entry filings. Lengthy and complex invoices made it difficult to determine whether the goods — which included bed parts and other furniture components — should be classified as individual parts, complete beds or other complete furniture items. These time-consuming entries resulted in late filings, and the delays put the company at risk for chargebacks from big-box retailers.