OEM: What is Original Equipment Manufacturer?
Defining OEM and Its Core Meaning In various industries, particularly in automotive and electronics, the term OEM stands for Original Equipment Manufacturer. An OEM is a company that produces parts and equipment that are used by another company to create its final product. For example, a car manufacturer may source OEM parts to assemble their […]
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Customs Declaration: Common Mistakes and How to Avoid Them
Common Customs Declaration Mistakes & How to Avoid Them When engaging in global trade, custom clearance is a critical step that can either smoothen your shipment process or cause costly delays and fines across borders. For small manufacturers and exporters, especially those new to global markets, navigating the complexities of customs declarations can be daunting. […]
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What is Four Turrets?
Four Turrets enables global trade by helping businesses across the world collaborate on its business platform to trade best quality products and services. From exchanging reliable and scalable products to working on providing the leading digital services, Four Turrets makes it easy for stakeholder to grow and achieve their targets. Four Turrets provides reliable procurement […]
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Factors Affecting Lead Time in Supply Chain
What is Lead Time? Lead time is a critical factor in supply chain management, representing the total time taken from placing an order to the final delivery of goods or services. In essence, it is the period between the initiation of a process and its completion. For businesses, understanding and managing lead time is essential […]
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U.S. Import: Merchandise Processing Fee (MPF) Explained
When importing goods into the United States, understanding the Merchandise Processing Fee (MPF) is essential for compliance and cost management. The MPF, assessed by U.S. Customs and Border Protection (CBP), applies to most shipments and is a key consideration for importers, custom brokers, and businesses engaged in global trade. What is the Merchandise Processing Fee (MPF)? […]
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Hidden Costs of Global Sourcing: Source Better, Avoid Fees
Global sourcing has become a cornerstone of modern procurement strategies, promising cost savings, access to new markets, and increased supply chain flexibility. However, beneath the surface of attractive unit prices and global supplier options lie a host of hidden costs that can erode anticipated savings and introduce significant risks. Understanding these hidden costs—and how to […]
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Dual-Use Goods: Export Control, Sanctions & Compliance
Dual-use goods are the items, software, or technologies that can be used for both civilian and military applications. Their export, transit, and brokering are strictly regulated to prevent misuse, particularly in the context of weapons of mass destruction (WMD) proliferation and international security threats. Regulatory Framework The export control regulation governing dual-use items is designed […]
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How to Import Goods from India: Step-by-Step Guide for US Businesses
Importing goods from India offers US businesses access to a diverse range of products, competitive pricing, and a robust supply chain. However, the process involves several critical steps, from sourcing Indian manufacturers to navigating customs clearance and compliance. There are crucial documentations, invoices and payment options you have to finalize before you work on your […]
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Profitable Products to Export From India: A Guide
As an experienced export trader, I’ve seen first-hand how the right product, market strategy, and execution turn an ordinary manufacturing operation into a reliable export house. India’s export story isn’t accidental — it’s built on cost-competitive manufacturing, skilled labour, and purposeful government support. This guide distils what matters most: the profitable products to export in […]
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Indian Manufacturers: Can Make in India Be Globally Competitive?
India’s manufacturing sector stands at a pivotal crossroads. With the government’s ambitious “Make in India” initiative, the country aims to transform itself into a global manufacturing powerhouse. But can Indian manufacturers truly compete on the world stage? This blog explores the opportunities, challenges, and strategies that will determine whether manufacturing in India can achieve global […]
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