Douyin Ecommerce Introduces Personal Stores to Boost Entrepreneurship

Douyin Ecommerce Introduces Personal Stores to Boost Entrepreneurship

TikTok e-commerce now allows individuals to open stores with just an ID, eliminating upfront costs, business licenses, and security deposits. This lowers the barrier to entry for aspiring entrepreneurs, especially stay-at-home mothers, students, and part-time workers. Even without inventory, individuals can participate through dropshipping. To succeed with a personal store, it's crucial to seize the platform's growth opportunities, carefully select products, operate compliantly, and learn effective operational techniques. This move aims to democratize e-commerce and empower a wider range of individuals to start their own businesses on the platform.

Guide to Launching a Profitable Douyin Shop

Guide to Launching a Profitable Douyin Shop

This article provides a detailed analysis of the various costs associated with opening and operating a Douyin Shop (TikTok Shop), including business licenses, security deposits, product procurement, influencer collaborations, sales promotion, and software services. It proposes cost control and profitability strategies such as refined product selection, supply chain optimization, and targeted marketing. Furthermore, it recommends a Douyin Shop operation mind map to help beginners better understand Douyin Shop operations and achieve their entrepreneurial goals. The aim is to provide guidance for startups navigating the Douyin e-commerce landscape.

Bolivia Expands Trade Efficiency with SECOWCO AEO Program

Bolivia Expands Trade Efficiency with SECOWCO AEO Program

The World Customs Organization, under the SECO-WCO framework, conducted a follow-up assessment of Bolivia's AEO program, aiming to optimize its effectiveness and sustainability. By revising the AEO program, communication strategy, and capacity-building training, the number of Bolivian AEO companies doubled, strengthening the program. Future recommendations include strengthening government-private sector cooperation, continuous capacity building, and regular performance evaluations to enhance trade security and facilitation. The assessment highlights the importance of ongoing efforts to ensure the AEO program's long-term success and contribution to Bolivia's trade environment.

WCO Adopts Disruptive Tech to Modernize Global Trade

WCO Adopts Disruptive Tech to Modernize Global Trade

The World Customs Organization (WCO) Permanent Technical Committee (PTC) acknowledged the “Disruptive Technologies Research Report,” focusing on the application of seven key technologies, including blockchain and artificial intelligence, in customs and border management. The report analyzes the strengths, weaknesses, opportunities, and threats of each technology. It also explores key success factors for innovative customs, data-driven decision-making, smart border construction, and sustainable development. This signals a profound transformation is on the horizon for global trade. The report highlights the potential of these technologies to streamline processes and enhance security.

WCO Tackles Customs Law Reform As Nationalism Grows

WCO Tackles Customs Law Reform As Nationalism Grows

The 13th World Customs Law Conference focused on customs law changes and multilateral trade system challenges against the backdrop of nationalism. The World Customs Organization (WCO) emphasized the crucial role of capacity building in addressing trade protectionism and presented its work in e-commerce. The conference also discussed issues such as the participation of Least Developed Countries in international trade, the EU Customs Code, and challenges for customs brokers. The aim was to promote trade facilitation and security, and to maintain the stability of the global trading system.

ATOBA Financing Model Boosts Sustainable Aviation Fuel Growth

ATOBA Financing Model Boosts Sustainable Aviation Fuel Growth

ATOBA Energy is dedicated to addressing the high cost of Sustainable Aviation Fuel (SAF) through innovative financial models, accelerating its widespread adoption. The company offers competitive SAF pricing to airlines through integrated offtake management, market-based pricing, and diverse technical support, enabling producers to make investment decisions and ensuring SAF supply security. Collaborations with associations like IATA will further drive the aviation industry towards its decarbonization goals. By bridging the financial gap, ATOBA Energy aims to unlock the potential of SAF and contribute to a more sustainable future for air travel.

WTO and WCO Forge Partnership to Modernize Global Trade

WTO and WCO Forge Partnership to Modernize Global Trade

The Director-General of the World Trade Organization (WTO) met with the Secretary-General of the World Customs Organization (WCO) in Geneva to deepen cooperation in traditional trade areas and address pandemic-related challenges. Discussions focused on facilitating cross-border vaccine transport and ensuring global supply chain security. This meeting signals a new era of more efficient and secure global trade. Both organizations aim to streamline procedures and enhance collaboration to support economic recovery and build resilience against future disruptions. The focus is on practical solutions to improve trade flows and promote international cooperation.

Philippines Customs Boosts IP Protection Via WCO Training

Philippines Customs Boosts IP Protection Via WCO Training

The World Customs Organization (WCO) held an online workshop for the Bureau of Customs of the Philippines, aiming to enhance its capacity to combat counterfeiting and piracy, and address intellectual property protection challenges during the pandemic. The workshop covered customs' responsibilities under the pandemic, WCO tools and instruments, and rights holders' involvement. This initiative seeks to improve the Philippines Customs' ability to protect intellectual property rights, maintain social security, and safeguard the economic order. The focus was on practical strategies and collaborative approaches to effectively combat IP violations.

Air Waybills Simplify Global Air Freight Logistics

Air Waybills Simplify Global Air Freight Logistics

This paper delves into the crucial differences and connections between Master Air Waybills (MAWB) and House Air Waybills (HAWB) in international air freight. A MAWB serves as the transportation contract between the airline and the freight forwarder, while a HAWB represents the service agreement between the forwarder and the shipper. Understanding the issuer, legal validity, and applicable scenarios of these two documents is essential for businesses to participate more efficiently in international air transport and ensure cargo security. This knowledge empowers better decision-making and risk management in global logistics.

Visa Teams With Payment Firms to Transform Asiapacific Ecommerce

Visa Teams With Payment Firms to Transform Asiapacific Ecommerce

Visa is partnering with four major payment companies to promote its Click to Pay smart payment solution in the Asia-Pacific region, aiming to address the high cart abandonment rates in e-commerce. This technology simplifies the payment process and enhances security, potentially significantly improving payment success rates and user satisfaction. It offers multiple benefits for merchants, banks, and consumers, driving the upgrade of e-commerce payment experiences in the Asia-Pacific region. The Thai e-commerce market is expected to benefit from this initiative, ushering in new development opportunities.