Augusta
VIP Contributor
When you think of going into the business of shipping, transporting or delivering things on behalf of another then you have to also look at the challenges and see how you would be able to overcome them before starting out.
The truth is that the shipping industry, whether the established ones or start – ups shipping companies are always confronted with different challenges.
As a starter you would need to know about them and see how you can overcome to make good profit off the business.
These challenges are:
Government policies can affect the shipping industry negatively.
Global economic downturn
This is when there's low spending rate by people and no shipping is needed
Another is unforeseen natural disasters like shipwreck, damages or losses
Control by established companies Some established shipping companies want to dominate the market as such they try to hinder the new companies not to be patronozed. it makes almost impossible to get good contracts on time.
The truth is that the shipping industry, whether the established ones or start – ups shipping companies are always confronted with different challenges.
As a starter you would need to know about them and see how you can overcome to make good profit off the business.
These challenges are:
Government policies can affect the shipping industry negatively.
Global economic downturn
This is when there's low spending rate by people and no shipping is needed
Another is unforeseen natural disasters like shipwreck, damages or losses
Control by established companies Some established shipping companies want to dominate the market as such they try to hinder the new companies not to be patronozed. it makes almost impossible to get good contracts on time.
