Martial Arts, Huazhu Logistics Cost Analysis Seminar Held... "Logistics Cost Burden on SMEs"

Improving Understanding of Maritime and Air Freight Rates... 240 Participants Attended

The Korea International Trade Association (KITA) announced on the 23rd that it held the 'Export-Import Cargo Logistics Cost Structure Analysis Seminar' at the Trade Tower in Samseong-dong, Gangnam-gu, Seoul.

KITA explained that the seminar was planned to enhance the industry's understanding of the maritime and air freight cost structures, which involve high ancillary expenses. About 240 logistics personnel attended.

Youngju Son, Executive Director of S-LOGIBIS, presented an analysis of air logistics cost structures and cost reduction measures. Moonkoo Heo, CEO of K-Logi, explained the maritime freight ancillary cost system and logistics cost reduction strategies. Afterwards, an expert panel discussion was held.

In his presentation on air freight, Executive Director Son stated, "With the logistics paradigm rapidly changing, it is now necessary to consider cost reduction from a comprehensive SCM (Supply Chain Management) perspective rather than just simple transportation."

At the 'Export-Import Shipper Logistics Cost Structure Analysis Seminar' held by the Korea International Trade Association on the 23rd at the Trade Tower in Samseong-dong, Gangnam-gu, Seoul, Son Young-joo, Executive Director of S-LOGIBIS, is seen presenting on air freight charges.
[Photo by Korea International Trade Association]

CEO Heo said in his presentation and discussion on maritime freight, "Recently, liner shipping freight rates have changed every two weeks, causing high volatility, and ancillary freight charges are continuously being newly introduced and increased. Therefore, exporters and importers must gather information through various channels to avoid unfair logistics expenses."

He added, "There are cases where customary ancillary charges are imposed on logistics costs, so those in charge need to understand the freight and ancillary cost systems," and "Structurally, it is also necessary to establish a system that can provide real-time information."

Byungyu Kim, Head of KITA's Member Services Division, said, "Although logistics costs have somewhat stabilized since the second half of last year after soaring due to the COVID-19 logistics crisis, small and medium-sized enterprises still face considerable cost burdens due to relatively limited logistics knowledge and weak freight negotiation power. KITA will continue to make efforts to support the logistics industry."

This content was produced with the assistance of AI translation services.