WCO Adopts Data Analytics to Boost Trade and Security

WCO Adopts Data Analytics to Boost Trade and Security

The 215th/216th sessions of the WCO's Permanent Technical Committee focused on the application of data analysis in customs, highlighting its importance in trade facilitation, supply chain security, and e-commerce regulation. Discussions covered the implementation of the Trade Facilitation Agreement, integrated supply chain management, future technology applications, and customs-tax cooperation. The aim was to enhance the regulatory and service capabilities of customs administrations and promote global trade development. This involved exploring how data-driven insights can optimize processes and improve efficiency within customs operations.

LCL Vs FCL Shipping Comparing Cost Time and Security

LCL Vs FCL Shipping Comparing Cost Time and Security

This paper delves into the advantages and disadvantages of Less than Container Load (LCL) and Full Container Load (FCL) in international shipping. It compares and analyzes them from multiple perspectives, including cost, timeliness, security, and operational flexibility. The study offers selection advice and tips to avoid potential pitfalls, aiming to help cargo owners make optimal decisions based on their cargo characteristics and achieve efficient and economical sea freight. This guide helps businesses understand the nuances of LCL and FCL to optimize their shipping strategies.

South Koreas Ecommerce Firms Adapt Amid Data Security Fears

South Koreas Ecommerce Firms Adapt Amid Data Security Fears

The Coupang data breach in South Korea's e-commerce market has triggered a user trust crisis. Local platforms like Gmarket, Naver Plus, and SSG.com are actively attracting Coupang's lost users and accelerating market share gains by leveraging differentiated membership benefit systems. Consumers' increased emphasis on data security and platform service differentiation is reshaping the landscape of the Korean e-commerce market. The focus is shifting towards platforms that prioritize user data protection and offer compelling value propositions through tailored membership programs.

Tiktok Shop Sellers Warned of Rising Scams Security Risks

Tiktok Shop Sellers Warned of Rising Scams Security Risks

This article delves into the issues of TikTok Shop account breaches, exposing account theft gangs and shell company scams. It analyzes the reasons why sellers risk buying accounts and provides a compliance self-check guide. The aim is to help sellers mitigate risks and ensure safe and compliant operations within the TikTok Shop ecosystem. By understanding the threats and implementing preventative measures, sellers can protect their accounts and maintain a sustainable business on the platform.

Wcos SAFE Framework 2021 Enhances Global Supply Chain Security

Wcos SAFE Framework 2021 Enhances Global Supply Chain Security

The 25th session of the WCO SAFE Working Group successfully convened, reviewing and adopting the 2021 version of the SAFE Framework. This version strengthens cooperation between customs and other government agencies, focuses on the application of smart security devices, promotes the deepening and expansion of mutual recognition arrangements, and improves reporting mechanisms. The new framework aims to build a more secure, efficient, and sustainable global trade system, contributing to global economic prosperity. It emphasizes enhanced collaboration and technological advancements for improved supply chain security.

Abu Dhabi Adopts Blockchain to Boost Trade Security Efficiency

Abu Dhabi Adopts Blockchain to Boost Trade Security Efficiency

WCO visited Abu Dhabi Customs to examine its blockchain application and learn about its digital transformation experience. The focus was on the TradeChain platform and explorations in cross-border e-commerce. The WCO suggested strengthening international cooperation in these areas. The visit highlighted the potential of blockchain to streamline customs processes and facilitate trade. Abu Dhabi Customs' advancements serve as a valuable case study for other customs administrations seeking to leverage technology for improved efficiency and security.

Chinas 2025 Supply Chain Finance Plan Emphasizes Security Value

Chinas 2025 Supply Chain Finance Plan Emphasizes Security Value

The White Paper (2025) emphasizes that supply chain finance is crucial for "strengthening, supplementing, and reinforcing" the supply chain. It proposes a risk prevention and control strategy, and envisions technology-driven development and ecosystem integration to enhance the competitiveness of the industrial chain. The report highlights the importance of financial support in securing industrial stability and promoting sustainable growth within the supply chain ecosystem. It also anticipates future trends and challenges in the evolving landscape of supply chain finance.

Douyin Shop Sellers Urged to Secure Deposits Avoid Violations

Douyin Shop Sellers Urged to Secure Deposits Avoid Violations

This article focuses on common violations in Douyin (TikTok) store operations, including fake transactions, shipping restrictions, infringement, exaggerated advertising, and prohibited words. It provides corresponding solutions to help merchants avoid risks, protect their stores and security deposits, and achieve compliant operations. The aim is to guide sellers to navigate the platform's rules effectively and maintain a healthy and sustainable business on Douyin.

China Sets ¥5,000 Duty-Free Limit for Overseas Shopping

China Sets ¥5,000 Duty-Free Limit for Overseas Shopping

This article analyzes China's customs regulations regarding the duty-free allowance for personal items carried by travelers. It highlights the differing exempt amounts for resident and non-resident travelers, as well as tax rules applicable in special circumstances. Furthermore, it discusses the standards for personal use and reasonable quantities of luggage items, and the customs declaration process required when carrying items that exceed these standards.

New IATA Manual Enhances Air Cargo Safety and Efficiency

New IATA Manual Enhances Air Cargo Safety and Efficiency

The IATA Cargo Handling Manual (ICHM) is the definitive source for regulations, standards, and best practices in the air cargo industry, promoting safe, efficient, and customer-centric operations. By providing up-to-date regulations, standards, and industry insights, IATA helps businesses improve operational efficiency, reduce risks, enhance customer experience, and ensure compliance. Ultimately, it contributes to building a safer and more efficient future for air cargo.