What’s the role of import-export data in making import companies successful?
Not only for Import companies, data is the most important factor driving any businesses around the globe.
When you talk specifically about import companies, by the data they can analyze that in which time period, their goods were imported in which amount of quantity and packing. by doing that they can understand the real market scenario like at what point of time local market demands more good in the same category and at which cost that company can import the items.
For example, if you import plastic toys and decorative items, you will find data for typically October and November. Why? Because it is Christmas on 25th December and you and your competitors will plan shipments 2 months prior to make sure that your goods comes to you in time and you can distribute them via various channels to your end users and re-sellers.
So, this is how data is important in import company. Similarly for exports, you can supply raw materials to the countries who experts a lot of finished goods in the same time.
Happy entrepreneurship to you!