1.2m * 1.2m *2M 3 tots 1200kg to Genoa, Italy
When I was resting at home on Saturday, I received an email from a customer, who was inquiring whether we had done sea LCL shipment from China to Genoa, Italy. After receiving the email, I replied to the customer, please send me the volume of the goods, number of pieces, weight, factory address, port of destination and other data. A few hours later, the customer sent me the detailed data, 1.2M*1.2M*2M 3 tonnage 1200kg factory in Jiaxing. After I reply him with the quotation, he thinks the price is quite appropriate. Moreover, my quotation includes insurance premium and domestic delivery fee. If the goods are damaged during transportation due to our reasons, we will compensate the customer according to the value of the goods. On Monday, our company will arrange logistics to pick up the goods at the factory and arrange the latest shipping date for the customer after the goods are transferred to our Warehouse in Shanghai. After more than 30 days of sea transportation, the goods arrived in Genoa. Our local staff in Genoa contacted the customer for customs clearance of the goods, and then picked them up in our warehouse. After this shipment is completed, we will send the customer a USD invoice, and the customer will remit the freight to our account according to the offshore account information on the invoice. After 40 days of transportation, the goods were successfully delivered to the customer, who was also very satisfied after receiving the goods.
We have warehouses in Ningbo, Shanghai and Shenzhen for shipping LCL from China to all parts of the world. The most popular routes are to the United States, Britain, Germany, Italy, Australia, Vietnam, Cambodia and Peru.Besides, we have agents in these countries. Besides traditional FOB,CIF, we can also do DDU/DDP and other services.
Digital cross-border logistics track is still hot, continued SoftBank, Tiger Fund $60 million investment in digital freight forwarder Nowports! In less than six months, Latin American-focused freight forwarder Nowports has secured another $150 million from a heavyweight player in the venture capital world, and Nowports plans to deploy it primarily to expand shippers' supply chain finance products.
1. The latest round of funding, led by SoftBank Latin America Fund, comes just five months after Nowports received a $60 million cash infusion led by Tiger Global. Nowports, based in Mexico, has now raised a total of $243 million, essentially all of it in the past 11 months.
Nowports currently has 10 offices in seven countries, more than 500 employees, and its latest funding values it at over $1.1 billion, another digital shipping unicorn. That makes it one of the select logistics technology companies to reach this milestone, along with Flexport, Forto, Convoy, Project44, Stord, and Flock Freight. In this list, all except Project44 and Stord are digital native freight brokers, which means these 3PL providers were established as online service companies in preference.
"The new funds will be used to expand trade finance services in Latin America, enabling companies to increase imports and exports through fintech." "Other goals include developing stronger platforms to meet market demand."
"This reinforces our commitment to transform the region's supply chain through technology and provide flexible access to finance for companies importing and exporting goods."
4. The Nowports funding round shows that logistics technology companies at a critical stage of growth are further arming themselves with capital ahead of an expected slowdown in venture capital funding for the rest of 2022. While capital is still widely available, venture capital investors are pickier about which companies to invest in than they were last year, and valuations are down from astronomical levels.
5. The connecting line between digital intermediaries is the massive financial backing of SoftBank and Tiger Global, which set the bar with its $1 billion investment in Flexport in 2019. Since then, it has also propelled German-based Forto and Flock Freight, a SAN Diego-based Freight broker, to so-called unicorn status.
6. Considering Nowports was valued at $80 million in March 2021, the startup's valuation rose dramatically to its current $1.1 billion, according to Alfonso De Los Rios, Nowports CEO and co-founder. In addition, Nowports said that in the first quarter of 2022, its revenue grew "more than 12 times" year on year, while container shipping and customer service grew 10 times year on year.
7. Nowports raised its first seed round in 2019 after graduating from Y Combinator's Winter 2019 batch. Its mission is to innovate the freight forwarding industry by helping companies, especially smes, improve their import processes. The company "positioned itself as the Flexport of Latin America". Its software and services track shipments from ports to Latin American destinations, simplifying the import and export process for Latin American companies and improving the visibility of their supply chains with "valuable information." Over time, it has expanded its product range and now also automates policies for customers and provides inventory financing services.
8. The company's inventory-financing facility, launched last year, is designed to give its customers access to more imported goods and pay for them later. The ultimate goal is to help companies increase imports and exports through fintech. They can get financing faster through Nowports because Nowports' shipping history and preload information can be used to approve them