Descartes acquires OCR Services for $90m
PRESS RELEASE Mar 28, 2024 Descartes Acquires OCR WATERLOO, Ontario and ATLANTA, March 28, 2024 (GLOBE NEWSWIRE) — ...
MAERSK: LITTLE TWEAKDSV: UPGRADEF: HUGE FINELINE: NEW LOW WTC: CLASS ACTION RISK XOM: ENERGY HEDGEXPO: TOUR DE FORCEBA: SUPPLY IMPACTHLAG: GROWTH PREDICTIONHLAG: US PORTS STRIKE RISKHLAG: STATE OF THE MARKETHLAG: UTILISATIONHLAG: VERY STRONG BALANCE SHEET HLAG: TERMINAL UNIT SHINESHLAG: BULLISH PREPARED REMARKSHLAG: CONF CALLHLAG: CEO ON TRADE RISKAMZN: HAUL LAUNCH
MAERSK: LITTLE TWEAKDSV: UPGRADEF: HUGE FINELINE: NEW LOW WTC: CLASS ACTION RISK XOM: ENERGY HEDGEXPO: TOUR DE FORCEBA: SUPPLY IMPACTHLAG: GROWTH PREDICTIONHLAG: US PORTS STRIKE RISKHLAG: STATE OF THE MARKETHLAG: UTILISATIONHLAG: VERY STRONG BALANCE SHEET HLAG: TERMINAL UNIT SHINESHLAG: BULLISH PREPARED REMARKSHLAG: CONF CALLHLAG: CEO ON TRADE RISKAMZN: HAUL LAUNCH
Did you know that cargo movements into the EU will be impacted by the ICS2 for maritime regulation, which is scheduled to go into effect for 1 March 2024?
More specifically, Release 3 of the phased ICS2 implementation will soon affect operators carrying goods by sea, road, and rail. Industry watchers are keeping a close eye on the regulation, especially on the maritime requirements which will have substantial impact on business processes.
Across all modes of transport, filers will need to complete an Entry Summary Declaration (ENS) dataset when moving goods into the EU.
To fulfill ENS data filing obligations, many businesses will need to revisit the capabilities of their internal systems, business processes, and train employees on the new requirements. Beyond this, operators need mandatory self-conformance testing.
What are the challenges for cargo operations?
ICS2 requires not only connectivity to government agencies and filing within specified time frames but also calls for tight communication between parties. Some key challenges include:
Descartes has you covered for ICS2
As a long-standing innovator in technology for the air cargo industry, Descartes is at the leading edge of ICS2 compliance. Our solutions are built based upon consultative efforts between carriers, forwarders, and customs agencies to ensure compliance requirements are exceeded.
Descartes technology streamlines data-sharing to enable multi-party collaboration, reduces the risk of submission errors and delays, improves filing efficiency and productivity, enhances customer service with real-time shipment and clearance statuses, and responds to exceptions with robust reporting and alerts.
Descartes technology is also extensible. Our solutions are modeled with a standard and scalable architecture to support similar advanced security filing initiatives worldwide.
Join our upcoming web seminar
Due to the high level of interest in the ICS2 regulation, Descartes is pleased to host an informative web seminar on 11 October at 1pm BST / 2pm CEST / 8am US ET, “ICS2: Maritime Requirements Are Coming Soon!“.
JOIN US FOR THIS COMPLIMENTARY EVENT
This web seminar will feature a general informative and technical overview of the regulation, review your questions, and detail how leading forwarders and carriers are enabling compliance.
This interactive session, featuring Martin Meacock, vice president, Product Management from Descartes and Jan Markill, account executive from Descartes, will cover the ICS2 regulation in depth and how the new maritime requirements may impact you. Topics include:
This post was written and sponsored by Descartes Systems Group – Uniting the People and Technology That Move The World
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