Businesses cannot afford to make any mistakes during this period due to the financial value and urgency of the goods. An importer could potentially lose millions if goods are delivered late, as the value would severely erode should the goods be delivered after the festive period.
It is crucial for importers to have a comprehensive strategy in place to manage every aspect of the supply chain proactively. While supply chain disruptions often occur unexpectedly, the risks increase during the festive period due to the volume of goods being ordered.
Though most service providers are geared for peak season and more space on vessels and trucking capacity is allocated, it is essential for importers to eliminate even the slightest possibility of error.
Importers need to have an early detection system in place to monitor the supply chain closely, mitigating disruptions along the way where possible. Furthermore, having at least more than one supplier on standby that can be summoned in the event of an emergency is important.
Importers need to manage relationships with service providers, suppliers and customers in order to resolve speedily any issues that may arise.
Proper administration is also vital at this time, as more customs stops and inspections are carried out to eliminate illegal goods from entering the country. Therefore, invoices and all necessary documentation should be prepared and checked thoroughly.
As a rule, businesses should start importing goods as early as September to avoid any supply chain disruptions that could lead to delays.
