North American Firms Use Trade Data to Boost Revenue

North American Firms Use Trade Data to Boost Revenue

This paper explores how foreign trade companies can leverage the BuzzFile business intelligence platform and U.S. customs data to accurately develop customers in the North American market. It focuses on building customer profiles using the business intelligence platform, verifying purchasing behavior with customs data, and integrating these resources to improve customer development efficiency. The paper also highlights relevant risks and compliance recommendations to help foreign trade companies achieve business growth in the North American market. The integrated approach aims to provide a more targeted and effective customer acquisition strategy.

WCO Group Targets Doubled Customs Efficiency with Inspection Tech

WCO Group Targets Doubled Customs Efficiency with Inspection Tech

The 8th meeting of the World Customs Organization's Technical Expert Group on Non-Intrusive Inspection (TEG-NII) focused on the development of the Unified File Format (UFF) and NII-related matters, aiming to enhance customs supervision efficiency. The meeting emphasized the application of technologies such as big data and artificial intelligence, and discussed topics including radiation detection, data analysis, and centralized image analysis. The goal is to promote the modernization of global customs supervision and facilitate trade security and facilitation.

WCO Trains Data Analysts in South Korea

WCO Trains Data Analysts in South Korea

The World Customs Organization (WCO) held a data analysis lecture for WCO Scholarship Program students at Sungkyunkwan University in South Korea. The lecture covered data strategy implementation, customs data analysis applications, and geospatial intelligence. Through interactive discussions, WCO representatives answered student questions, helping to enhance customs data analysis capabilities and promote global trade security and facilitation. The initiative aims to equip participants with the skills necessary to leverage data for improved customs operations and decision-making within their respective administrations.

Key Trends Shaping Crossborder Ecommerce Logistics

Key Trends Shaping Crossborder Ecommerce Logistics

The international express delivery industry is undergoing five major transformations: intelligence, greening, compliance, localization, and diversification. Cross-border e-commerce sellers need to pay attention to AI applications, eco-friendly packaging, compliant declarations, overseas warehouse deployment, and customized services to address challenges and seize opportunities. Focusing on these areas will enhance supply chain efficiency and competitiveness in the evolving global market. By adapting to these trends, businesses can optimize their operations and gain a strategic advantage in the dynamic landscape of international trade.

Malawi Customs Boosts Wildlife Protection with WCO Tech Upgrade

Malawi Customs Boosts Wildlife Protection with WCO Tech Upgrade

The World Customs Organization (WCO) is assisting the Malawi Revenue Authority (MRA) in enhancing its intelligence capabilities to combat illegal wildlife trade. Through training and process optimization, the initiative strengthens risk management and contributes to the protection of biodiversity. This collaboration aims to improve the MRA's ability to identify and intercept shipments of illegal wildlife products, ultimately supporting global efforts to conserve endangered species and combat transnational crime. The WCO's support is crucial for building sustainable enforcement mechanisms within the MRA.

US Imports Hit Record High in 2024 Amid Tariff Uncertainty

US Imports Hit Record High in 2024 Amid Tariff Uncertainty

S&P Global Market Intelligence reports that US imports maintained strong growth in 2024 despite tariff risks, attributed to early stockpiling and strike concerns. However, with the implementation of tariff policies, US imports may face a decline in 2025. Businesses need to adjust their strategies to address the challenges posed by these policies. The report highlights the resilience of the US import market in the short term but signals potential headwinds in the coming year due to evolving trade dynamics.

Huazhi Big Data Enhances Jinans Foreign Trade with Digital Tools

Huazhi Big Data Enhances Jinans Foreign Trade with Digital Tools

Shandong Huazhi Big Data has been appointed as the Vice President Unit of the Jinan International Chamber of Commerce, signifying recognition of its strength in AI-driven overseas trade. The company will leverage its "JingMaoTong" system to empower Jinan's foreign trade enterprises through digital intelligence, integrated innovation, and resource sharing. This will help them reduce overseas expansion costs, explore new business models, and build a foreign trade ecosystem, injecting new impetus into the region's high-quality foreign trade development.

Global Shipping Giant DPDHL Releases Trade Trends Report Ten Major Insights Reshaping the Future of Trade

Global Shipping Giant DPDHL Releases Trade Trends Report Ten Major Insights Reshaping the Future of Trade

The report "DHL Trade Growth Atlas" published by DPDHL Group and NYU Stern School of Business highlights ten major trends in global trade after the pandemic. It points out changes and opportunities in trade growth and supply chain configurations between emerging and developed economies, emphasizing the importance of open trade and international cooperation.

Maersk Reports US Tariff Impacts Trade Strategies Amid Global Challenges

Maersk Reports US Tariff Impacts Trade Strategies Amid Global Challenges

Maersk recently revealed that the average effective tariff in the U.S. currently stands at 21%, significantly down from 54% in April. The company anticipates that global trade and consumer confidence in the coming months will be influenced by a potential trade agreement expected to be reached by July 9. Clients across various industries are gradually reducing their dependence on China, demonstrating the flexibility of businesses to adapt to changes in international trade.