//Air freight//
What is it:
The transfer and shipment of goods via air carrier
Advantages:
Express shipping options allow for time sensitive shipments, allows smaller companies to participate in international trade, offers high level of security (airport cargo controls are tightly managed), easy access
Disadvantages:
Risk of loss/damage/delay, very costly, small carrying capacity

//Ocean freight//
What is it:
Shipping of goods packed in containers via shipping vessel by water
Advantages:
Cheap freight, heavy/bulky items can be transported with ease, eco-friendly, cargo safety ensured
Disadvantages:
Slow speed, risk of delay, lack of ports to receive shipping vessel

//Freight forwarders//
What is it:
Company that receives and ships goods on behalf of other companies, an intermediary
Advantages:
Services include cargo insurance and risk management, efficient and experienced (know quickest route and how to handle documentation), cost effective, guaranteed arrival date
Disadvantages:
Must trust stranger with products, data deficiency, possible markup of services, possibility of product loss

//3PL//
What is it:
Third party logistics, provider who offers outsourced logistic services which includes anything involving management one or more facets of procurement and fulfillment activities
Advantages:
Handle a broader range of service than freight forwarders, takes responsibility for any risk for goods and services being shipped, reduced costs (can offer different freight options because of large capacity), can save on labor
Disadvantages:
Loss of control on shipping functions, its a major commitment because the in-house logistical team may lose much of the relevant market knowledge needed if the relationship with the 3PL provider ever becomes untenable

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