Santa Cruz, Ca. (9/14/2016) – The logistic challenges that custom brokers, freight forwarders and small and mid-sized enterprises (SMEs) face to consummate a successful global trade transaction are at the forefront in the current, disruptive, evolution of online, on-demand trade facilitation (TF) global trade logistic services. The current trend and eminent future of TF will be funneled through the ‘Single Window’ where the transmission of one document online generates all shipment documentation (eDocs) in a standard digital format compatible in all foreign markets.
Just as other industries have been disrupted by new online technologies, this metamorphosis of how we traditionally conduct business in the logistic sector of global trade is rapidly changing. Organizations such as the United Nations Center for Trade Facilitation and Electronic Business (UN/CEFACTT) and the World Customs Organization (WCO), among many other global organizations, now have active programs that focus on the general benefits and technical advantages of ‘paperless trade’ through the ‘Single Window’ (SW).
This global SW initiative is now being led by countries like Singapore, Korea, Japan and Taiwan with a late arrival from the largest marketplace in the world. On February of 2014 President Obama initiated an Executive Order to streamline the export/import process for American business. This initiative directs the many U.S. federal agencies involved in import and export documentation to be SW compatible through the Automated Commercial Environment (ACE) system by the end of 2016.
The SW adoption that is now occurring throughout the global marketplace will not only make businesses more competitive, cost-effective and efficient but it will also provide much more security to the global supply chain infrastructure. These changes of how we utilize new methods in global trade logistics is a major endeavor and will take years to get to the point where it’s common practice throughout the global marketplace, but today, there are online SW services that American businesses can utilize for their business operations.
The Monterey Bay International Trade Association (MBITA) and the TradePort.org network in California have formed a strategic alliance with the world leader in TF solutions –CrimsonLogic. Its subsidiary, Global eTrade Services (GeTS) has been chartered to accelerate global trade through worldwide connectivity. GeTS works like a global ‘Single Window’ by offering a comprehensive suite of online, on-demand TF services that helps exporters and importers meet the regulatory and compliance requirements for countries around the world.
MBITA and the TradePort.org network will be offering a series of complimentary webinars with GeTS in October of 2016 to the California business community on the services that will lead the nation’s global trade community to move their logistic operations into the ‘Single Window’.
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