Saving Your Money During and After The Black Sea Crisis

Cargo Claims, Important for Small and Midsize Businesses…

Now more than ever it is important to save your money and take all measures possible to safeguard your business.  As a small or midsize business, you’re no doubt familiar with the stress of operating on tight margins, and you know how valuable even a small amount of cost-savings can be to your bottom line.

However, what many small businesses don’t realize, is that their supply chain – particularly when it comes to imports and exports – can be a significant source of cost savings!

We are speaking here about the untapped areas of cargo claims.

The National Cargo Security Council (NCSC) U.S.  estimates that the global financial impact of cargo loss exceeds $50 billion annually. And if we keep in mind that more than 60% of global cargo is uninsured or underinsured you may understand what an impact it has on business and customers.

All too often, we do not properly calculate all the elements of cargo loss. Many other factors, however, need to be considered when calculating the true financial costs of cargo loss, including supply interruption, higher insurance claim costs, expedited freight costs, loss of profits, loss of revenues from cancelled deliveries, and more.

The cost of damaged or lost cargo can be enormous given the tight profit

At Recoupex, if you still think you don’t have the time or don’t want the stress, we can look after all this for you!

To read more, please visit our LinkedIn page for the full PDF on How to Save and Look after Your Money during the Black Sea Crisis!

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