DHL sees opportunities as end of US de minimis exemption looms
DHL, for one, appears optimistic about the possibility of the US ending the de minimis ...
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By Alex Lennane
‘Parcelisation’ is one of the key trends which will impact air cargo as business-to-business e-commerce grows.
A report last month reveals that the global B2B e-commerce market is estimated to rise, with a 21.07% CAGR, between 2022 and 2030, while data from Astute Analytica yesterday estimates this market will grow from $8.5bn last year to be worth $18.7bn by 2027.
And the impact is already being felt in air cargo, according to Michiel Greeven, EVP at DHL Express.
“The e-commerce trend of B2B will ...
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Neil neiljhk@gmail.com
October 04, 2022 at 11:40 pmAside from the challenge of moving smaller loads more frequently, there is also the need to ensure that goods are properly declared to customs as they whiz through the system.
This is a conundrum for both regulators and industry practitioners, such as customs brokers and express operators.
Few freight or express management systems cater to full line by line disclosure of what is being transported across a border at the level of granularity required to make a complete and correct customs declaration in the time required.
And in many cases, customs jurisdictions lack the back-end systems required to adequately scrutinise and approve declarations being made in real-time
The solution lies in all parties working together to synthesise the movement of data faster than the ever-quickening pace at which goods are moving, as this will allow a declaration to be made, scrutinised and approved in the timescales required.
We’ve seen the huge issues that customs jurisdictions are already having grappling with the current volume of transactions arising from the growth in B2C traffic.
The addition of more B2B trade traffic, with higher values and more frequent needs for goods to be licenced for Import of export will make this problem more acute.