Import/Export
What we do
Our core business is the Import and Export of food and food-related products.
Helping foreign and local businesses reaching new markets and expand their brand and reputation.To emphasize the core fundamentals of what an import/export merchant does, we have copy-pasted a paragraph from another website.
Import/export merchant:Â This international entrepreneur is a sort of free agent. He has no specific client base, and he doesn’t specialize in any one industry or line of products. Instead, he purchases goods directly from a domestic or foreign manufacturer and then packs, ships, and resells the goods independently. This means, of course, that, unlike the EMC, he assumes all the risks (as well as all the profits).
 Source: entrepreneur.com Â
Why work with us
Export is hard.
Distance
Exporting requires some physical distance, which you don’t have to deal with if you sell to your neighbors or even to other cities within the United States. Exporting is hard because you have to find the right people, market to them, convince them, sell them, and deliver to them. When you’re used to shipping your goods via truck and decide to become an exporter, you have to find other means of transportation and make sure you’re completing the correct transportation documents for every shipment.
Language and Cultural barriers
It’s hard to be an exporter because you will face a language barrier unless you export only to English-speaking countries. You may also face cultural issues, from unfamiliar business customs and norms to extended periods away from the office (at least during non-pandemic times). Being unaware of any of these things when you export may cost you time, and if your shipment is delayed, it may cost you money.
Trade Terms
Incoterms. If you’re a new exporter (and perhaps even if you’re a seasoned exporter), these exporting trade terms may make you want to rethink the gig altogether. Incoterms can be complicated, and because they’re different from the Uniform Commercial Code terms, we use when trading domestically, they require even more knowledge and understanding.
The International Chamber of Commerce typically updates the Incoterms every ten years. The latest set of terms—Incoterms 2020 rules—went into effect on January 1, 2020. You can view the latest Incoterms by clicking here.
Customs and Country Regulations
The very nature of exporting means you’re required to work with different customs authorities, varying country regulations, and various legal requirements—including contracts, additional import requirements in other countries, and understanding when you need to get permits (for example, food, drugs, and cosmetics are just a few things that require extra approval).
In addition to these foreign regulations (which affect customs), you’re also dealing with U.S. requirements. This essentially doubles your workload.
Getting paid
When you’re exporting to customers worldwide, how do you make sure you get paid for your shipment? You have to deal with different currencies, different banks, additional documentation, and different financing structures, and all of these elements make the payment structure more challenging to navigate.
You also have to take into consideration customer risk and creditworthiness. It’s much harder for exporters to know whether the customer is creditworthy or if they need to get paid upfront. In addition to customer risk, you also have the country risk—some countries are more complex and troublesome to work with than others.
Credits to shippingsolutions.com
Start Expanding
Expanding markets is a challenging thing to do. Fortunately, with JML-Group at your side, you don’t have to worry about any of those obstacles. We do all the heavy lifting including, market research, planning, logistics, marketing, and sales.
Do you want to know if your product has what it needs to conquer the global market? Contact us for an inquiry.
Or… check out our partner brands and products in the Netherlands.
