Operations of any business can be beneficial for your business as it helps you by cutting costs and delivery time. Overall it results in profit and growth in market share for the business. As per diploma in freight forwarding courses providers here are different types of logistics business that anyone can start,
1. Freight cargo services
2. Warehousing services
3. Air cargo services
4. Third-party logistics (3PL)
Here are few things which are mentioned in freight forwarding short courses to take care to grow your freight forwarding business, Registration and Compliance Like any other business, logistics services require registration and also government compliance. When it comes to India here are some mandatory registrations,
- For Freight forwarders, you need to register with International Air Transport Association (IATA) and ACCAI - Air Cargo Agent Association of India
- After that you need registration in India to include DGFT registration, Income Tax Department registration, Registrar of Companies and other departments.
For more details on registration and compliance take a look on some study freight forwarding programs.
Investment When it comes to logistics business, the amount of investment in the business depends on the services that the company intends to do. For instance, set up you need more capital and in freight management service you require less investment compared to the third-party logistics company.
Risk
Risk management plays a key role in any logistic business especially in a developing economy like India. Here the risk of a claim is extraordinarily high. So, it becomes essential to take insurance for the business when things don’t go as per your plan. Here the risk of theft, Cargo damage, environmental damage, and such other things can cause serious issues in business and enable the business to work effectively.
Competition With liberalization many multinational companies are easily entering in the Indian logistic sector. Which somehow increasing the competition that can create problems for many local logistic businesses. As multinational companies have a large amount of capital which attract heavy player to work with them.
Want to know more about logistic businesses or want to study freight forwarding short courses contact the consultant team of JBS Academy, they offer some of the diploma in freight forwarding courses and help you in preparing for examinations like regulation 6 and more. Get more information, chat with the team on info@jbsacademy.com or call them on 9574005085
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