Maersk has launched the 'Maersk Trade & Tariff Studio' platform to help businesses navigate the complexities of global tariffs and trade regulations. The platform offers features such as a tariff calculator, trade insights, and expert consulting, enabling companies to ensure compliance, optimize costs, and maintain a competitive edge in the ever-changing landscape of international trade.
In the context of current economic uncertainty, businesses need to deepen cooperation with third-party logistics (3PL) to address challenges such as rising customer demand, increasing costs, and sustainable development goals. By establishing strategic partnerships, companies can enhance customer experience, optimize cost management, implement environmentally friendly practices, and mitigate geopolitical risks to ensure stable growth.
Stockouts directly impact sales and customer experience, making inventory management optimization crucial. This article explores the effects of market demand uncertainty, global supply chain complexity, and internal operations on inventory management, and proposes strategies including the establishment of intelligent inventory systems and flexible supply chains. The goal is to enhance corporate competitiveness and customer loyalty.
Walmart Fulfillment Services (WFS) provides sellers with convenient logistics solutions. By offering features like the '2-Day Delivery' badge, return services, improved search ranking, reduced shipping costs, customer support, and Walmart+ member benefits, WFS helps sellers streamline operations, reduce costs, improve customer satisfaction, and increase sales. Join WFS and tap into the Walmart marketplace potential.
Kenco has acquired the 3PL business of Drexel Industries along with its four warehouse locations, enhancing its logistics network in North America. This acquisition will improve Kenco's service capabilities in Canada, providing clients with a wider range of logistics solutions and integrating 100 employees from Drexel.
The World Customs Organization has released the 5th major revision of the HS Code, involving 233 adjustments across various sectors including agriculture, chemicals, timber, and textiles. This revision aims to improve the accuracy of trade statistics, facilitate trade, and address emerging trade challenges. Businesses should promptly understand these new changes to effectively navigate the evolving landscape of international trade.
The Free Trade Zone has enhanced trade facilitation and customs efficiency through innovative regulation and experience replication, successfully lowering warehousing and logistics costs. The pilot free trade zones in Zhejiang, Shaanxi, Liaoning, and Sichuan have implemented effective measures to support various types of trade, significantly boosting enterprise competitiveness and market participation. The simplification of customs processes and the application of technology have made import and export trade increasingly efficient, driving regional economic development and changing the market landscape.
Uzbekistan launched the second phase of the Global Trade Facilitation Program (GTFP), aiming to enhance customs capabilities, optimize trade processes, reduce trade costs, and promote cross-border trade development. The project will focus on organizational development and trade facilitation, leveraging WCO capacity-building tools to upgrade Uzbekistan's customs system, injecting new momentum into economic growth. This initiative seeks to streamline procedures, improve efficiency, and ultimately contribute to a more competitive and integrated trading environment for Uzbekistan.
Amidst increasing global trade uncertainties, US FTZ (Free Trade Zone) warehouses offer companies advantages like tariff deferral, duty-free exports, indefinite storage, and tariff rate selection. Especially with heightened US-China trade tensions, FTZ warehouses provide greater operational flexibility and strategies to mitigate trade risks and enhance supply chain resilience. They serve as a critical Plan B for businesses navigating these challenges, offering a 'domestic area outside customs' environment to optimize operations and minimize the impact of trade disputes.
The SECO-WCO Global Trade Facilitation Programme (GTFP) supported Bolivia in conducting a Time Release Study (TRS) to improve trade efficiency and comply with the WTO Trade Facilitation Agreement. Through expert guidance, questionnaire optimization, and pilot testing, the GTFP helped Bolivia identify bottlenecks in goods release and optimize operational procedures. This support contributes to trade facilitation and economic development by streamlining processes and improving efficiency within Bolivia's trade system. The TRS provides valuable insights for further improvements.
