- 357 Hemp Increases Complimentary Hemp Cargo Insurance Coverage by $50,000 per shipment to $75,000
- 357 Hemp Logistics adds international shipping and expandss capacity to serve the growing industryial hemp segment
CHICAGO AND NASHVILLE, Aug. 16, 2022 (GLOBE NEWSWIRE) — Kevin Schultz, Co-Founder and President of 357 Hemp Logistics (357), will be a keynote speaker at the Southern Hemp Expo on August 19 at 3:40 p.m. CT in Nashville , Tenn. Schultz’s session, titled “Keep on Truckin’ – How to Avoid Costly Mistakes Transporting Hemp,” will address the complexities of shipping hemp between states amid a patchwork of differing state regulations affecting suppliers, shippers, processors, and retailers despite federal hemp legalization. As fuel and shipping costs have skyrocketed, Schultz emphasizes more than ever that logistics matter and offers tips on how to save money and time on shipping.
“Shipping hemp is far more complex and regulated than most other cargo,” Schultz said. “I look forward to sharing insights into the steps customers can take to prevent the costly and potentially traumatic consequences that can occur when companies restrict transportation.”
The Hemp Alliance of Tennessee (HAT) recently appointed Schultz to their board of directors as they strive to provide hemp companies with the broadest range of resources.
“Kevin’s supply chain and logistics knowledge will be a valuable contribution to the Hemp Alliance Board’s efforts to make Tennessee the #1 hemp grower,” noted Fred Cawthon, President of the Hemp Alliance of Tennessee.
“I’m proud to support the Hemp Alliance’s mission to build the hemp industry in Tennessee with a focus on ethics and education,” commented Schultz. “At 357, we believe the hemp industry will grow faster and stronger when industry veterans share their collective knowledge and experience.”
$75,000 Free Shipping Insurance
Most hemp companies don’t realize that their shippers’ cargo insurance policies don’t cover hemp until they have an incident and attempt to collect it. 357 Hemp Logistics leaves nothing to chance. It is the first – and only – logistics company in the industry to offer free hemp cargo insurance for its customers’ hemp shipments. As prices increase, 357 is increasing insurance from $50,000 to $75,000 declared value for each shipment, effective immediately.
“We go the extra mile assure Your precious cargo and ensure 24/7 tracking of your entire shipment from point of origin to safe arrival at destination – on time and on budget,” said JP Mendoza, 357 VP of Operational Excellence. “It’s just another way we provide security and value.”
357 Growth Opportunities for Hemp
357 Hemp Logistics has grown stronger during the pandemic, steadily upgrading its technology and expanding its customer base to service nearly all types of legal hemp products.
“Initially, our focus was on domestic shipping of biomass, oils, concentrates, and finished CBD products such as vapes, tinctures, and topicals,” said Brandon Goehl, chief strategy officer and co-founder of 357. “However, the U.S. hemp market is undergoing a significant shift toward a greater variety of hemp fiber products. We can already see that in the freight that we ship. Technology plays an important role in minimizing costs and travel times while ensuring cargo security. In addition to real-time tracking and data analysis, we utilize dynamic load leveling optimization and we have expanded our network of carriers to support increased domestic demand for industrial hemp, as well as added international capacity as we prepare for further growth. ”
Grand View ResearchThe Hemp Industry Report highlights the following forecasts and statistics:
- The US industrial hemp market is projected to grow at a compound annual growth rate (CAGR) of 20% from 2022 to 2030.
- The demand for hemp seeds and hemp seed oils for diet products, cosmetics and personal care is increasing due to their high nutritional values and beneficial fatty acids and proteins.
- The fiber segment dominated the global market in 2021 and is expected to maintain this dominant position through 2030.
- Hemp fibers are used in paper, carpets, home furnishings, building materials, insulation, auto parts, and composites. The high absorbency of hemp fibers makes them particularly suitable for animal bedding, oil and gas cleaning.
- Hemp fiber enables greener, renewable production and safer manufacturing with fewer chemicals for products like paper, textiles and building materials.
- Hemp fibers often offer the added value of favorable acoustic and aesthetic properties, superior strength, light weight, biodegradability and thermodynamic properties.
“With the climate crisis looming, demand for renewable and eco-friendly products to replace traditional products is booming,” Goehl said. “Hemp is a viable, cost-effective option for many products. Hemp currently makes up a small portion of the U.S. market for textiles, pet bedding, paper, and building materials, so we see this as a challenge wrapped around an opportunity we can’t wait to unwrap. 357 Hemp Logistics has the specialized expertise to ensure regulatory compliance for hemp shipments at all stages of the supply chain from seed to final sale, while providing competitive pricing and unmatched reliability and service.”
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About The 357 Company
The 357 Company sets the standard of excellence in logistics and supply chain management focused on compliant standard operating procedures and a commitment to unparalleled customer service and business ethics. Headquartered in Illinois, 357’s leadership team has more than 50 combined years of experience in transportation, logistics, medical device and supply chain management and in developing operational processes and procedures for some of the largest restaurant home delivery and highly regulated brands medical cannabis industries, including Grubhub, Verano, and PharmaCann. For more information about 357, its subsidiaries 357 Kerbsyde, 357 Logistics, 357 Hemp Logistics and 357 Marketplace, and the logistics industry, visit www.357company.com and follow 357 on social media: Facebook, Instagramand LinkedIn.
EDITOR’S NOTE: Photos of loading hemp products for shipment are available upon request.