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International Procurement: Highlights on some essential FOB incoterms
Abstract: Incoterms are last amended by ICC on January 01, 2013.Some essential incoterms are highlighted below. The incoterms EXW can be defined as an agreement between a buyer and a seller that after production completed and left warehouse of the seller, seller is not responsible for cost and liability for the product. Incoterms FOB and EXW can be used interchangeably while consider terms and agreement between buyer and seller. Seller is not responsible for loading the goods unless specified otherwise and buyer is responsible for doing insurance for EXW shipments under the buyer’s Ocean Cargo Policy. Free Carrier While using the incoterm FCA , the Seller agrees to give delivery of the goods into the custody f the forwarder, freight forwarder etc. Free on Board(Named port of shipment) The incoterm FOB is from the point of delivery of goods and transfer of risk, it starts with the goods pass the ship’s rail at the named port of shipment. Except CIP and CIF , incoterms do not have any obligation on the Seller and Buyer to provide insurance. Keywords: Freight collect, Incoterms, EXW, FCA, FOB. Article: Introduction: Incoterms are nothing but some International Commercial terms published by the International Chamber of Commerce to clearly communicate the associated risks, costs, tasks, etc. evolved with international procurement and logistics. Which are widely accepted by legal authorities, […]
H & M Supply Chain management: A case study
Hennes & Mauritz AB is a Swedish multinational clothing-retail company known for its fast-fashion clothing for men, women, teenagers, and children. As of November 2019, H&M operates in 74 countries with over 5,000 stores under the various company brands, with 126,000 full-time equivalent positions. It is the second-largest global clothing retailer, behind Spain-based Inditex (parent company of Zara). Founded by Erling Persson and run by his son Stefan Persson and Helena Helmersson, the company makes its online shopping available in 33 countries.
Vaccine Supply Chain Management in covid-19 perspective
It has been found that 27.97 million vaccines are being administered every day. But only 2.3% of people in low-income countries received at least a first vaccine by September 2021, according to official reports from national health agencies, which is collated by Our World in Data. Concerns exist about whether some countries producing vaccines may impose protectionist controls by export restrictions. So that it would stockpile a COVID 19 vaccine for their own population. In June, the Serum Institute of India – a major manufacturer of global vaccines – reached a licensing agreement with AstraZeneca to make 1 billion doses of vaccine for low-and-middle-income countries, of which half of the doses would go to India. This is an issue of supply chain management to manufacture and send it to the end-user.In the United States, restrictions on vaccine eligibility have been lowered. And wealthier individuals from other countries with unhurried vaccination rates were reportedly traveling to the United States to be vaccinated.