Moldova Adopts WCO Framework for Riskbased Customs Audits

Moldova Adopts WCO Framework for Riskbased Customs Audits

The World Customs Organization (WCO) held a virtual workshop on Post Clearance Audit (PCA) for Moldova, aiming to improve the country's PCA strategy and practices. The workshop emphasized risk analysis methodologies and shared practical experiences from Denmark and Germany. Participants provided positive feedback, highlighting the workshop's contribution to enhancing risk analysis capabilities within PCA strategies. This initiative is expected to further develop Moldova's PCA system, ultimately leading to a data-driven transformation of PCA in the country.

01/19/2026 Customs Knowledge
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Hanjin Bankruptcy Reshapes Global Shipping Industry

Hanjin Bankruptcy Reshapes Global Shipping Industry

Korean Line's acquisition of some Hanjin Shipping assets aims to alleviate its massive debt crisis, but retailers' claims further exacerbate the risks. Hanjin's bankruptcy exposed structural problems in the shipping industry and serves as a warning for businesses to prioritize risk management and supply chain security. The industry faces a reshuffle and value chain reconstruction, with future competition becoming more intense. This event highlights the importance of financial stability and robust risk assessment in the global shipping sector.

01/19/2026 Logistics Industry Insights
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Airlines Use Hedging to Mitigate Fuel Price Risks

Airlines Use Hedging to Mitigate Fuel Price Risks

Airline fuel hedging is a crucial strategy for managing oil price volatility and stabilizing profits. Airlines utilize financial instruments like futures, options, and swaps to lock in fuel costs and mitigate risk. IATA official courses provide expertise and skills to help professionals develop effective hedging policies, thereby enhancing airline competitiveness and profitability. These courses cover various hedging strategies, risk assessment, and regulatory compliance, empowering participants to make informed decisions and optimize fuel cost management within the aviation industry.

01/20/2026 Logistics Industry Insights
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Global Turmoil Spurs Insurance Industry to Address Supply Chain Risks

Global Turmoil Spurs Insurance Industry to Address Supply Chain Risks

Global supply chains are facing multiple risks, including geopolitical tensions and extreme weather events. The insurance industry needs to innovate actively, strengthen cooperation with all parties in the supply chain, and establish risk assessment models. Developing new insurance products and leveraging new technologies can improve risk management efficiency. Businesses should establish diversified supply chains, strengthen collaboration with suppliers, and invest in supply chain visibility technologies. By working together, we can build a secure and reliable global supply chain.

01/20/2026 Logistics Industry Insights
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Malawi Strengthens Wildlife Trade Enforcement Via INAMA Project

Malawi Strengthens Wildlife Trade Enforcement Via INAMA Project

The World Customs Organization's INAMA Project aims to enhance the capacity of developing countries' customs administrations to combat illegal wildlife trade. From 2019-2020, the project conducted risk management capacity assessment and enhancement activities in Malawi. Through training and cooperation, it helped the Malawi Revenue Authority strengthen risk identification and response, and promoted regional collaboration to combat illegal wildlife trade and protect endangered species. The project focused on improving customs officials' skills in detecting and intercepting illegal wildlife products.

01/22/2026 Customs Knowledge
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WCO Supports Timorleste in Developing Advanced Trade System

WCO Supports Timorleste in Developing Advanced Trade System

The World Customs Organization (WCO) continuously provides capacity building support to Timor-Leste Customs, focusing on the design and implementation of valuation training programs, as well as enhancements in risk management and intelligence. In cooperation with the Norwegian Agency for Development Cooperation (NORAD), the WCO completed the valuation training module, improved risk management capabilities, and introduced the concept of the 'intelligence cycle'. This assistance supports the modernization of Timor-Leste Customs and contributes to its economic development.

01/22/2026 Customs Knowledge
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Crossborder Ecommerce Mitigating Contract Risks for Growth

Crossborder Ecommerce Mitigating Contract Risks for Growth

Contract breach risk is a significant concern in cross-border e-commerce. This paper delves into common breach behaviors and their potential severe consequences within this context. It provides practical advice for preventing and addressing breaches, including drafting robust contracts, selecting reputable partners, actively communicating and negotiating, and seeking legal assistance when necessary. The aim is to help sellers mitigate risks and protect their profits in the cross-border e-commerce environment by implementing effective risk aversion strategies.

01/23/2026 Customs Knowledge
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Key Differences of Medium and Heavy-duty Shelving and Safety Usage Guide

Key Differences of Medium and Heavy-duty Shelving and Safety Usage Guide

Medium and heavy-duty shelves play a crucial role in warehouse management, categorized into heavy-duty and medium-duty shelves. Heavy-duty shelves have strong load-bearing capacity, making them suitable for high warehouses and effective in space utilization, while medium-duty shelves feature a simple structure, catering to small and medium demands. When in use, factors such as load-bearing and safe operations must be considered to ensure warehouse safety.

07/17/2025 Logistics Encyclopedia
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