Mongolia Enhances Customs Audits with Wcobacked System

Mongolia Enhances Customs Audits with Wcobacked System

The World Customs Organization (WCO) is assisting Mongolian Customs in building an effective Post Clearance Audit (PCA) system to enhance regulatory efficiency, increase revenue collection, and promote trade facilitation. Through diagnostic missions and workshops, the WCO is tailoring solutions for Mongolian Customs, emphasizing internal process optimization, multi-agency cooperation, and voluntary compliance by businesses. This initiative aims to modernize Mongolian Customs and improve its overall performance in line with international standards, ultimately contributing to a more efficient and transparent trade environment.

WCO Program Enhances Madagascar Customs Efficiency

WCO Program Enhances Madagascar Customs Efficiency

The World Customs Organization (WCO) provided technical assistance on risk management to Madagascar Customs, aiming to enhance trade facilitation by optimizing risk assessment, clearance procedures, and inter-agency collaboration. Funded by HM Revenue & Customs of the UK, the project involved an expert team analyzing the current situation and proposing improvements. This initiative supports Madagascar Customs in achieving sustainable development and economic growth by strengthening its risk management capabilities and streamlining trade processes, ultimately contributing to a more efficient and secure trading environment.

Global Customs Experts Address Ecommerce Valuation Hurdles

Global Customs Experts Address Ecommerce Valuation Hurdles

The World Customs Organization's inaugural E-commerce and Customs Valuation Symposium addressed the challenges of valuing cross-border e-commerce goods. Representatives from international organizations, customs administrations, and businesses discussed data acquisition, valuation methodologies, compliance costs, and fraud risks. The symposium emphasized international cooperation, technological innovation, and process simplification to foster a fair, transparent, and efficient cross-border e-commerce environment. The aim is to promote global trade development by addressing valuation complexities and ensuring accurate revenue collection while facilitating legitimate trade flows.

Outdated Supply Chains Drive Costs Amid Automation Push

Outdated Supply Chains Drive Costs Amid Automation Push

This paper argues that traditional, manual supply chain processes cause businesses to miss out on profits and growth opportunities, emphasizing the importance of automation upgrades. By analyzing the drawbacks of manual processes and the cost of maintaining the status quo, it illustrates how automation and data visibility solutions can help companies eliminate errors, make better decisions, and recover revenue. Ultimately, these solutions enable businesses to gain a competitive edge and transform the supply chain from a cost center into a growth engine.

US Trucking Industry to Haul 14M Tons by 2035 ATA Forecast

US Trucking Industry to Haul 14M Tons by 2035 ATA Forecast

The American Trucking Associations (ATA) forecasts that trucking will continue to dominate the freight market in the US, projecting freight tonnage to approach 14 million tons by 2035. The report indicates trucking's dominance in both tonnage and revenue, predicting a stable market share over the next decade. While trucking retains its lead, other transportation modes, such as rail and air freight, are also expected to experience varying degrees of growth. The forecast highlights the continued importance of trucking to the overall freight landscape.

Hwabaa Power Expands in Portable Energy Storage Market

Hwabaa Power Expands in Portable Energy Storage Market

Shenzhen-based cross-border e-commerce company, HuaBao New Energy, successfully went public with its portable power station products, becoming this year's 'most expensive new stock' at 237.5 yuan/share, with a market value exceeding 20 billion yuan. The company transitioned to the M2C model early on, creating the 'Jackery' and 'Geneverse' brands, resulting in a seven-fold increase in revenue in two years. Its success is attributed to accurately grasping market trends, excellent e-commerce operational capabilities, and proactive brand building.

Chinese Firm Wins Major Lighting Contracts with Snapon Bahco

Chinese Firm Wins Major Lighting Contracts with Snapon Bahco

Xiamen East-on Technology Co., Ltd. has become a core supplier for international giants like Snap-on and Proto due to its deep cultivation in the professional mobile lighting tools field. The company's revenue is steadily growing, but gross profit margin faces challenges. This IPO presents both opportunities and challenges, making its future development worth anticipating. The company specializes in providing high-quality lighting solutions and navigating the complexities of cross-border e-commerce and supply chain management to serve its global clientele.

Amazon FBA Sellers Guide to Product Selection Profit Growth

Amazon FBA Sellers Guide to Product Selection Profit Growth

This article provides an in-depth analysis of Amazon FBA product selection strategies, emphasizing the use of FBA calculators and X-RAY plugins to maximize profits. It details key aspects such as pricing, fees, sales forecasting, and competitive analysis. A clear profit calculation formula is provided to help sellers accurately identify high-potential, best-selling products and improve store profitability. The focus is on data-driven decision making to ensure optimal product choices and increased revenue for Amazon FBA businesses.

Amazon Sellers Boost Profits Through Rigorous Cost Control

Amazon Sellers Boost Profits Through Rigorous Cost Control

This article delves into how Amazon cross-border e-commerce sellers can improve profitability through refined cost management. Focusing on precise inventory cost control, meticulous cost management, and refined financial management, it details the solutions offered by JIA ERP. This helps sellers overcome the challenge of increased revenue without increased profit, and achieve sustainable profit growth. The article explores how these strategies, enabled by JIA ERP, empower sellers to optimize their cost structures and drive long-term profitability within the competitive Amazon marketplace.

Jijia ERP Cuts Amazon FBA Logistics Costs for Crossborder Sellers

Jijia ERP Cuts Amazon FBA Logistics Costs for Crossborder Sellers

This article delves into the crucial issue of first-leg logistics cost accounting in cross-border e-commerce, specifically for Amazon. It introduces how Jijia ERP, through its shipment order function, supports the input of various expense types, flexible allocation methods, and real-time cost previews, thereby improving the efficiency and accuracy of first-leg cost accounting. The article also emphasizes the significant change under the new revenue standard, where last-mile delivery fees should be included in the main business costs.