Remember Canadian Tire Corporation sources over 60% of the merchandise sold in the stores from Asian countries. The merchandise is shipped by sea in containers and comes through the Port of Vancouver. CTC uses a freight forwarder to assist with their transportation requirements.
1) What criteria would CTC most likely use to select a freight forwarder?
2) Identify two other types of companies that might be used by CTC to improve its supply chain transportation strategy. Describe the types of assistance these companies might provide.
3) What type of insurance policy should CTC purchase for its merchandise imports? Explain why.