The 4 Basic Facts Of Physical Commodities
4 Things You Didn't Know About Physical Commodities
Physical commodities are the necessary raw materials that stimulate the global marketplace. These materials get traded in massive quantities each and every day. They play a massive role in all our lives, from the electricity we use to power our homes to the food we eat, physical commodities are all around us. Here are four things you didn’t know about physical commodities!
Physical Commodities Have Two Main Types
There are two main types of physical commodities, primary and secondary. Primary commodities are natural resources that are captured or extracted for our benefit. Secondary commodities are derived or refined from primary commodities and included products like bread or wooden support beams. From ticket management to load organization, let Liftwire optimize your business with our specialized logistics management system software. Our team is ready to start your free trial today!
Physical Commodities Are Broken Into Three Categories
The three main divisions of physical commodities are Agricultural, Energy and Materials. Agricultural commodities include grains, livestock, dairy, lumber, and textiles. That’s the physical commodity category that Liftwire specializes in. No matter your role in the bulk industry, our logistics
Physical Commodities Need To Be Shipped
No matter what the physical commodity, chances are, it has to be shipped, and usually over a pretty significant distance. Many things go into the logistics process, and the last thing you need is a hiccup that derails a large order. Take the headache out of managing the logistics process and let Liftwire take care of your data organization and logistic optimization today. With the inherent risks that come with agricultural shipping, you can’t afford to leave anything to chance.
Physical Commodities Need Attention!
Leaving a load at the wrong warehouse happens one too many times, and you can consider that contract lost. What happens if it arrives, but the proper storage procedures haven’t been followed? There are so many little things that need to be overseen while transporting agricultural commodities. Liftwire offers logistics management system software that pays attention to the little things, so you don’t have to.
Physical commodities play an essential role in all our lives, and getting those commodities to where they need to be takes organization and attention to detail. Reach out to Liftwire today to begin your free trial and see how easy your logistics process can be!