What is one consequence of delays in delivery of goods when shipping internationally?

Delays in the delivery of goods during international shipping can lead to various financial impacts, one of which includes incurring additional costs such as customs duties, wharfage, and freight expenses. When goods do not arrive on time, businesses may face penalties or higher fees associated with storage and handling at ports or warehouses. These incidental costs can accumulate and significantly affect the overall profitability of a transaction. Additionally, logistic companies may charge extra for expedited shipments to mitigate the delay, thereby further increasing shipping costs. This increased financial burden underscores the importance of timely delivery in maintaining cost efficiency in international trade.