Making World Trade Easier
Cambodia, in recent years, is gaining prominence in world trade as being one of the closest countries to Malacca Strait. This is resulting in a boom in various businesses there. Notching up of Bonded warehouse in Cambodia is one of them.
But before going for a bonded warehouse in Cambodia or anywhere in the world, one should take various precautions and keep some pointers in the bag:
- Considering the Short and Long Term Needs:
Choosing a provider who can accommodate the needs even if they increase over time. One should consider the providers who give their clients long or short-term options, where they can avoid duty payment until shipping or nationalization of their goods. - Confirming the Technological Requirements:
One should be able to monitor their cargo in real-time, track, and check inventory online. Having these services by any bonded warehouse in Cambodia or anywhere in the world can keep the clients at ease. - Transparency:
The charges should be transparent and clear to avoid additional charges that end up ruining the budget. The services should be tailored to be transparent, eco-friendly, compliant, and cost-effective to suit all needs of the clients. - Location Suitability:
The location of the warehouse affects the supply chain budget, considering the cost and time. If the warehouses are located near the ports, it saves time and costs when exporting and transporting the goods. - All-Round Services:
Check what services the provider is offering as it’s less costly to have an all-inclusive package rather than outsourcing for certain services. There are various services from picking and packing goods to vehicle loading, cold storage, inventory management, e-Commerce, and many more which can save a lot of money, effort as well as time. Therefore the involvement of a third party can be avoided.
It is necessary to weigh all the pros and cons before making a decision on a bonded warehouse in Cambodia or anywhere in the world.