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FOB vs. CIF: Understand the Difference

FOB vs. CIF: Understand the Difference

If you’ve just ventured into international trade, then you’ve no doubt come across the acronyms FOB and CIF. Likely, you have already used one or the other in your initial transactions. Nevertheless, you may still not be entirely certain of the difference between them...

Insight Quality Services: 2020 Year in Review

Insight Quality Services: 2020 Year in Review

As we get ready to close out this year and welcome 2021, we can finally say goodbye to a year that has been “challenging” to say the least. 2020 has not been easy for anyone in the supply chain, from manufacturers down to consumers. But it has led us, at Insight, and...

OEM vs. ODM: What Importers Need to Know

OEM vs. ODM: What Importers Need to Know

OEM and ODM are two acronyms you probably have come across as an importer. And chances are, right where you are; you are within arm’s reach of several OEM and ODM products. But what exactly is the difference between an Original Equipment Manufacturer (OEM) and an...