Digital Transformation Fails to Ease Supply Chain Woes

Digital Transformation Fails to Ease Supply Chain Woes

A DHL report indicates that despite significant investments in supply chain technology, companies are not seeing optimal results. This is largely due to insufficient technology integration, a lack of data sharing, and the absence of a holistic strategic plan. To achieve true digital transformation and enhance efficiency and competitiveness, businesses need to focus on data strategy, system integration, talent development, and process optimization. Furthermore, a cautious approach to implementing emerging technologies is crucial. By addressing these key areas, companies can unlock the full potential of their supply chain investments.

Echo Global Logistics Expands Despite Freight Industry Challenges

Echo Global Logistics Expands Despite Freight Industry Challenges

Echo Global Logistics executive Frank Hurst shared insights on logistics industry trends at the SMC3 Connections conference, emphasizing the importance of data-driven approaches, technological innovation, and customer relationships in navigating uncertainty. He analyzed the current state of the truckload and LTL markets, offering perspectives on future demand recovery and capacity adjustments. Hurst highlighted the need for businesses to leverage data to optimize operations and adapt to the evolving landscape. He also stressed the significance of building strong customer relationships for long-term success in the face of market fluctuations.

Asiapacific Customs Adopt WCO Ecommerce Compliance Standards

Asiapacific Customs Adopt WCO Ecommerce Compliance Standards

The 2021 WCO Asia-Pacific Regional Seminar focused on cross-border e-commerce compliance, aiming to promote the effective implementation of the WCO E-Commerce FoS Framework in the Asia-Pacific region. The conference brought together various stakeholders to discuss core issues such as advance electronic data, data exchange, and tax collection. Participants shared experiences, explored challenges, and laid the foundation for building a secure and efficient cross-border e-commerce ecosystem. The pandemic has accelerated the development of e-commerce, further highlighting the importance of the framework.

WTO WCO Assess Techs Role in Ecommerce Trade Shift

WTO WCO Assess Techs Role in Ecommerce Trade Shift

The World Customs Organization (WCO) and the World Trade Organization (WTO) co-organized a seminar at the Public Forum, exploring the role of disruptive technologies and e-commerce in post-pandemic trade recovery. The conference highlighted data-driven Customs development, WTO's policy guidance, Zambia's practical experience, and the private sector's perspective. It aimed to inject new vitality into the future development of global trade. The discussions emphasized leveraging data and technology to streamline processes, improve efficiency, and foster a more resilient and inclusive global trading system in the evolving digital landscape.