The cancellation of the T86 customs clearance model has a significant impact on cross-border e-commerce sellers. Sellers need to adjust their strategies, focus on compliance, and reduce costs in response to new challenges from increased import fees and the complexities of customs procedures.
This article explores the Drop delivery model for FCL (Full Container Load) shipments, emphasizing its flexibility and efficiency during prolonged unloading wait times. By alleviating warehouse pressure and reducing costs, the Drop model offers a viable solution for businesses in modern logistics, helping to enhance overall supply chain management.
This paper delves into the "Self-Operation" model of freight forwarders, elaborating on its concept, operational process, advantages, and disadvantages, while comparing it with the "Non-Self-Operation" model. Focusing on common scenarios under FOB terms, it analyzes the factors to consider and risk mitigation methods when choosing the "Self-Operation" model. The aim is to assist cargo owners/shippers in making more informed decisions, achieving cost control, and improving efficiency in international trade logistics. It provides practical insights into navigating the complexities of freight forwarding under FOB Incoterms.
Temu US has launched a domestic direct shipping semi-managed model, allowing one entity to operate one fully managed and three semi-managed stores. A new 9-day shipping option has been added. The final leg of delivery uses online shipping labels, and shipments from China (CN) are exempt from risk control measures. This new model aims to simplify operations for sellers and improve shipping efficiency for cross-border e-commerce on the Temu platform, particularly for those based in China.
The customs of the Free Trade Zone has launched a cargo status classification supervision model, allowing both bonded and non-bonded goods to be stored in the same warehouse. This model not only effectively reduces operational costs for enterprises but also enhances business efficiency and market competitiveness. Companies like Yuanchu International Logistics have utilized this innovative scheme to achieve resource integration and diversified development, contributing to the modernization of the logistics system in the Shanghai Free Trade Zone.
With the support of the Swedish government through the WACAM project, Benin Customs has successfully implemented a competency-based human resource management system. This system covers key areas such as recruitment, training, and performance evaluation, aiming to enhance the overall effectiveness of the customs administration. The Minister of Finance expressed support for the project and hopes to extend it to the tax department. A pilot competency assessment project will be launched at Cotonou Airport, laying the foundation for the modernization of human resources within Benin Customs.
This paper delves into the golden rules of risk management, learning curves, and the CRMS® model. It emphasizes the significance of non-subjective standards, dynamic risk profiling, system encryption, and automated processes in risk assessment. Furthermore, it elucidates technology-driven and demand-pull innovation models, along with the application of econometrics within the CRMS® model. The aim is to provide readers with a comprehensive and practical knowledge framework for risk management, highlighting key principles and methodologies for effective risk mitigation and strategic decision-making.
TikTok Shop has launched logistics services (including FBT) in Europe, simplifying cross-border e-commerce management, improving efficiency, and reducing costs. This intensifies market competition and benefits consumers. The introduction of this logistics solution aims to streamline the fulfillment process for sellers on TikTok Shop, potentially leading to faster delivery times and more competitive pricing. The FBT (Fulfillment by TikTok) model specifically allows sellers to leverage TikTok's logistics infrastructure for storage, packaging, and shipping, further enhancing operational efficiency and scalability.
The WCO has released Data Model 3.10.0, supporting various data exchanges and ensuring backward compatibility. It aims to facilitate the digitalization of cross-border trade, enhance efficiency, and reduce costs. This update provides a standardized framework for data communication between stakeholders involved in international trade, promoting seamless information sharing and streamlined processes. By adopting this model, businesses and governments can optimize their trade operations, leading to faster clearance times and reduced administrative burdens.
The WCO Data Model version 3.11.0 has been released as a free, interactive app, marking a significant step towards global trade data standardization. This new version includes IMO and UPU message implementation guidelines, aiming to streamline maritime and postal processes, and improve trade efficiency. The freely available WCO DM empowers businesses, reduces compliance costs, promotes data interoperability, and helps build a more efficient and secure global trade ecosystem.
