WCO Promotes Gender Equality to Strengthen Global Trade

WCO Promotes Gender Equality to Strengthen Global Trade

The World Customs Organization (WCO) Virtual Working Group (VWG) on Gender Equality and Diversity convened to explore how to enhance collaboration with the private sector to promote gender-inclusive trade facilitation, better addressing the needs of women traders and marginalized groups. The WCO is building a more gender-equal customs environment through initiatives like online learning modules and the 'Women in Customs' campaign. These efforts aim to ensure that customs procedures and policies are equitable and supportive of all stakeholders, regardless of gender.

Oman Boosts Trade with Wcobacked Advance Ruling System

Oman Boosts Trade with Wcobacked Advance Ruling System

The World Customs Organization (WCO) supports Oman in establishing an advance ruling system for commodity classification and origin, providing technical guidance through workshops. This system aims to enhance trade transparency and predictability. Oman is actively improving its legal framework, standardizing operational procedures, strengthening information management, and enhancing capacity building to promote trade facilitation. The implementation of advance rulings is a key step in streamlining customs processes and fostering a more efficient trade environment for businesses operating in and with Oman.

Subaru Boosts Local Production to Offset 25B Tariff Costs

Subaru Boosts Local Production to Offset 25B Tariff Costs

Facing a potential $2.5 billion tariff impact, Subaru is actively taking measures, including expanding local production in the United States, optimizing its supply chain, and improving production efficiency. The company plans to produce the popular Forester model at its Indiana plant and is committed to electrification. Despite global economic uncertainties, Subaru aims to achieve an operating profit of at least 100 billion yen. This strategic shift is crucial for mitigating risks and ensuring continued profitability in a challenging market environment.

Supply Chains Adopt Tech and Human Strategies for Resilience

Supply Chains Adopt Tech and Human Strategies for Resilience

The MHI report reveals that supply chain leaders are increasing investments in technology and innovation while emphasizing a people-centric collaborative model. Investment priorities include automation, AI, and IoT. The people-centric approach focuses on upskilling and improving the work environment. The future 'collaborative supply chain' will deeply integrate technology and people, requiring companies to develop clear strategies, cultivate talent, establish an open culture, and continuously improve. This transformation aims to create more resilient, efficient, and human-friendly supply chains.

Global Air Cargo Industry Adapts to Dangerous Goods Shipping Rules

Global Air Cargo Industry Adapts to Dangerous Goods Shipping Rules

This article provides an in-depth analysis of the requirements and restrictions for international air transport of dangerous goods. It covers aspects such as transport permits, dangerous goods classification, packaging standards, documentation requirements, and operational limitations. The aim is to assist companies in safely and efficiently conducting dangerous goods air transport while mitigating potential risks. It serves as a practical guide to navigate the complex regulations and ensure compliance, ultimately contributing to a safer and more secure air cargo environment.

Global Shipping Firms Adapt Strategies Amid Trade Shifts

Global Shipping Firms Adapt Strategies Amid Trade Shifts

This article provides an in-depth analysis of the feasibility and cost associated with modifying shipping schedules, destination ports, and bill of lading information in international freight. It details the cost structure, precautions, and cost estimation for modification operations at different stages. The aim is to offer businesses strategies to navigate the complex and volatile international trade environment, enabling them to make informed decisions and minimize additional costs and time pressure. It provides practical guidance for handling these common yet challenging situations.

Schneider Electric Boosts Supply Chain Resilience for Logistics

Schneider Electric Boosts Supply Chain Resilience for Logistics

Schneider Electric's Chief Commercial Officer, Erin Van Zeeland, shares insights into the current logistics market, emphasizing the importance of supply chain resilience. Schneider Electric helps clients navigate challenges, optimize operations, and succeed in the evolving global environment through multimodal transportation, technological innovation, and customized solutions. They focus on building robust and adaptable supply chains to mitigate disruptions and ensure business continuity. The company leverages its expertise to provide tailored approaches that address specific client needs and enhance overall supply chain performance.

Logistics Workers Face Health Strains Amid Industry Growth

Logistics Workers Face Health Strains Amid Industry Growth

A Quinyx report highlights the challenges faced by logistics workers, including high-pressure work environments, lack of flexible work options, and insufficient access to paid sick leave. The report calls on companies to prioritize employee experience by leveraging technology to improve working conditions, optimize scheduling, and enhance communication. By ensuring employee rights and fostering a supportive work environment, the logistics industry can build a brighter future for its workforce. Addressing these issues is crucial for attracting and retaining talent in this vital sector.

Chatham Islands Emerge As Pacific Ecommerce Hub

Chatham Islands Emerge As Pacific Ecommerce Hub

The Chatham Islands are emerging as a new market for cross-border e-commerce. This region boasts a unique geographical location, abundant natural resources, and a vibrant economic environment, offering diverse business opportunities for cross-border sellers. By gaining a deep understanding of the characteristics and needs of the Chatham Islands, cross-border sellers can better develop strategies to explore the New Zealand and even international markets. This presents a promising avenue for growth and expansion in a relatively untapped region.

Bahamas Customs Boosts Trade Efficiency with WCO Study

Bahamas Customs Boosts Trade Efficiency with WCO Study

With the support of the World Customs Organization (WCO), Bahamas Customs has launched its first Time Release Study (TRS). This initiative aims to quantify the time taken at each stage of the customs clearance process, identify bottlenecks, and optimize procedures. The goal is to improve customs efficiency, reduce trade costs, enhance the business environment, and prepare for accession to the World Trade Organization (WTO). The WCO provides technical assistance and training to help Bahamas Customs modernize and promote trade facilitation.