Customs Industry

Part
01
of six
Part
01

Customs Industry, Global Market Size

The global market size of the customs industry is expected to grow at a CAGR of 8.5% from $3.965 trillion in 2017, reaching $5.493 trillion in 2021. In 2019, the market size of the customs industry is $4.667 trillion.


CUSTOMS INDUSTRY: OVERVIEW

  • The World Customs Organization (WCO) represents 183 customs administrations around the globe that collectively process approximately 98% of world trade. As the global center of customs expertise, the WCO is the voice of the international customs industry.
  • Customs organizations are categorized into five main types:
    • Ministry Departments : 37.2%
    • Revenue Authorities : 29.5%
    • Customs Agencies/Brokers : 31.7%
    • Border Protection Service: 1.6%
  • The key players in the customs industry include: "Echo Global Logistics, Sunteck TTS, Coyote Logistics, Schneider, Landstar System, BNSF Logistics, J.B. Hunt Integrated Capacity Solutions, C.H. Robinson Worldwide, JDC International, HOC Global Solutions, Total Quality Logistics, Hub Group, Worldwide Express, United Parcel Service of America, XPO Logistics Inc., FedEx, Wen-Parker Logistics, GlobalTranz Enterprises, and DHL International."
  • The customs brokerage market is on track for steady growth of 8.5% per annum.
  • According to a report from the World Customs Journal, the collection of tax revenue from customs by region is as follows:


CUSTOMS INDUSTRY: MARKET SIZE

  • We were able to calculate the global market size of the customs industry in 2017-2021. Our calculations can be found below in our research strategy.
  • The global market size of the customs industry was $3.965 trillion in 2017.
  • In 2018, the global market size of the customs industry was $4.302 trillion.
  • The 2019 global market size of the customs industry is $4.667 trillion.
  • In 2020, the global market size of the customs industry is expected to reach $5.063 trillion.
  • The global market size of the customs industry is expected to reach $5.493 trillion in 2021.


RESEARCH STRATEGY:

We started our research by looking for resources which directly and credibly provided the market size of the customs industry globally. In attempting to locate this answer, we conducted exhaustive research through industry-related portals and databases. In pursuit of this strategy, we checked websites like WCO and the World Customs Journal. We also checked research firms, market report databases, and financial publications. We then checked consulting websites and financial databases, in addition to media sites that focus on business topics. Unfortunately, we were unable to find the market size of the customs industry globally.

However, from the WCO's annual report for 2018-2019, we learned that the WCO represents 183 customs administrations around the globe that collectively process approximately 98% of world trade. Based on our findings regarding the collection of tax revenue from customs by region, detailed in the customs industry overview above, we used the following calculations to determine the market size for the global customs industry.

CALCULATIONS
On average, globally: (12.83+46.18+27.61+31.71+32.07%+36.20+39.10)/7 = 225.7/7 = 32.24%.
Therefore, customs accounts for nearly 32.24% of the overall taxes collected globally.

Next, we tried to find the value of all taxes collected globally. We found that tax revenue is represented as a percentage of GDP (Gross World Product).
Tax revenue = 15.206% of Global GDP in 2017
Global GDP = $80.886 trillion
Thus, the tax revenue = 15.206% x 80,886,000,000,000 = 12,299,525,160,000 or $12.299 trillion in 2017

Customs = 32.24% of tax revenue = 32.24% x 12,299,525,160,000 = 3,965,366,911,584 or $3.965 trillion in 2017

Considering that we know that customs brokerage represents about one-third of the overall global customs administrations (31.7%) and is growing at a CAGR of 8.5%, we assumed that the customs industry is growing at the same CAGR. We then calculated the customs industry market size for 2018 and 2019 using a reverse CAGR calculator. Additionally, we calculated the projected market size for 2020 and 2021.

2018 market size:
Starting value: 3,965,000,000,000
CAGR: 8.5%
Number of periods: 1 (2018-2017)
This yielded a value of 4,302,000,000,000. The 2018 global market size of the customs industry is $4.302 trillion.

2019 market size:
Starting value: 4,302,000,000,000
CAGR: 8.5%
Number of periods: 1 (2019-2018)
This yielded a value of 4,667,000,000,000. The 2019 global market size of the customs industry is $4.667 trillion.

2020 market size:
Starting value: 4,667,000,000,000
CAGR: 8.5%
Number of periods: 1 (2020-2019)
This yielded a value of 5,063,000,000,000. The 2020 global market size of the customs industry is $5.063 trillion.

2021 market size:
Starting value: 5,063,000,000,000
CAGR: 8.5%
Number of periods: 1 (2021-2020)
This yielded a value of 5,493,000,000,000. The 2021 global market size of the customs industry is $5.493 trillion.
Part
02
of six
Part
02

Customs Industry Success Metrics

The World Bank Group ranked Mexico 51 places behind Germany in the annual global Logistics Performance Index, which included the efficiency of the country's customs department. In comparison to the United States, Mexico's customs department scored 2.77 against 3.78 out 5. A World Customs Journal study put forward recommendations for global key performance indicators (KPIs) for customs officials at points of entry based on existing KPI around the globe. Below, four key characteristics or metrics that define success in the customs industry are discussed in further detail.

Overview

  • A World Customs Journal study produced a number of global KPIs for customs officials at points of entry based on existing KPI around the globe.
  • The information was the assimilation of various global custom approaches to managing a country’s point of entry.
  • Information was gathered from the Logistics Performance Index (LPI), the World Customs Organization, and various processes from countries around the world such as the Southeast Europe Program (TTFSE).
  • Please note the World Customs Journal does not provide information on how each key is measured to determine its individual success in detail.
  • Each key mentioned below is already used successfully by individual countries with their own performance indicators to meet their definition of success.
  • The study took these successful characteristics and metrics used by various programs around the world to provide a framework in which to create a global integrated customs program. The purpose of this integration is to develop a border management program that is meaningful for both business and government. 
  • According to the study the integrated approach "improves effectiveness and efficiencies of international supply chains and border regulation."
  • Each point below has a description of why the successful customs characteristic or metric is important to business and/or government as described by the surrounding paragraphs in the study.

Four Key Characteristics Or Metrics That Define Success In The Customs Industry

  • The number of times a truck completes import clearance in less than 15 minutes is an important metric to ensure a smooth flow of traffic through border posts and for supply chain metrics.
  • The time taken to process relevant documents, each inspection, and cargo clearance helps to ensure the success of supply chain management.
  • Accuracy of trade documentation and trade data is important for tracking purposes, supply chain management and accuracy of global trade data.
  • The amount and accuracy of revenue collection is important for the viability of the customs department and revenues for the relevant government departments such as tax.

Additional Information

The study went on to suggest the following areas could have more specific KPIs. A few are presented below.

Time

  • The total time taken for the trade transaction.
  • Average times for every procedure.

Cost

  • Total revenue collected from all border staff.
  • The total cost of import and export related procedures.

Simplification

Risk

  • The number of x-rayed volumes against total volume.
  • The number of containers specifically inspected versus the total volume of containers.

Key Custom skills

A list is provided by Target Jobs with the following key custom skills for a customs officer in the United Kingdom. There are some similarities between all the lists provided in this brief.
  • Questioning and identifying people with prior offenses, etc.
  • Searching for smuggled goods.
  • The arrest of smugglers.
  • The seizure of smuggled goods.
  • Checking of documentation against the imported/exported goods.
  • Apprehension and prosecution of drug smugglers.
  • Trade statistics data collection and supply.
  • The writing of reports.
  • Combating the problem of alcohol and tobacco smuggling.
  • Combating global illegal trade of endangered species.
  • Managing imported goods revenue.
Part
03
of six
Part
03

Customs Industry Disruption and Future Trends

Three trends or innovations that are disrupting or will disrupt the global border custom industry are a rise of protectionist and other sentiments, disrupting 3D innovation, and increased restrictions regarding offenses by the customs agencies at the border.

BORDER CUSTOMS INDUSTRY DISRUPTION AND FUTURE TRENDS

Rise of Protectionist and Other Sentiments

  • The rise of protectionist, nationalist, and anti-globalization sentiment, especially in advanced industrialized countries are disrupting the border customs industry globally by causing a continuous increase in the trade-restrictive measures on the borders.
  • This trend is responsible for the decline in international trade via borders due to restrictions in customs processes.
  • Rise of protectionist trade policies is expected to disrupt several major border custom e-commerce corridors by placing tariffs and new customs restrictions on goods moving between countries.

Concern Regarding Offenses

  • Customs authorities are becoming more watchful of bribery, antitrust, competition issues, and other risks which brings about significant business disruptions including loss of contracts in the border custom industry.
  • Due to the high-level checking by customs authorities, many administrations are now more concerned with offenses, such as the trafficking of illicit drugs and smuggling of endangered species and nuclear or hazardous goods. As such, customs authorities have expanded their role, hence this trend is likely to continue to disrupt the border custom industry.

Disrupting 3D Innovation

  • 3D printing is disrupting the global trade supply chains on borders. This technology can create complex goods ranging from body parts (such as false teeth and hip replacements) and drugs to clothing and electronic devices, and hence is a major concern of security of the customs agencies on borders as well.
  • 3D printing has experienced rapid growth in the last few years and is predicted to wipe out about 25% of all world trade by 2060 at the current rate.
  • This technology is evolving continuously with time and hence will continue to disrupt the border customs industry globally in the future as well as posing significant challenges for customs agencies and border protection.

RESEARCH STRATEGY:

We commenced our research by looking for information and statistics on the global border customs industry market and the international global trade market. We were hoping to get related facts and statistics from where we could identify any innovation or trend that is disrupting the industry or will disrupt it in the future. We searched through credible news journals and magazine articles such as The Economist, ScienceMag, BusinessWire, PRNewswire, and trusted media pages such as Forbes, and Investopedia. Furthermore, we also searched for trends disrupting the freight forwarding industry, which is directly related to border customs. We looked for related insights and professional commentary, and similar information regarding recent/possible disruptions. We searched through sources such as Business Insider, Mckinsey, Inbound Logistics, and others. This search attempt provided information related to the global supply chain and steps to reduce supply chain risks. We collated the information we gathered in the course of our research to identify three trends or innovations disrupting or will disrupt the global border custom industry.
Part
04
of six
Part
04

Global Customs Industry, Current Trends

Some key trends in global border customs and the customs industry overall include increased demand for electronic data sharing, a rise in cross-border e-commerce, more shippers turning to 3PLs and logistics partners for global trade management (GTM), in addition to an overall increase in the diversity of GTM options.


TREND #1: THE RISE OF CROSS-BORDER E-COMMERCE

WHY THIS IS A TREND


TREND #2: INCREASED DEMAND FOR ELECTRONIC DATA SHARING

WHY THIS IS A TREND

TREND #3: MORE SHIPPERS ARE TURNING TO 3PLS AND LOGISTICS PARTNERS FOR GTM

WHY THIS IS A TREND:


TREND #4: MORE GLOBALIZED GTM OPTIONS

WHY THIS IS A TREND:
Part
05
of six
Part
05

Mexico Customs Industry, Current Trends

After an extensive search through regional publications, government websites and databases related to the Mexican border, and industry-specific resources that focus on importing and exporting, details to support 3-5 current trends in border customs or the customs industry in Mexico do not appear to be available in the public domain. However, the research team was able to gather valuable insights about trending increases in the value of imports, as well as a generally reduced wait-time at the border.


HELPFUL FINDINGS

INCREASE IN VALUE OF IMPORTS
REDUCED WAIT TIME AT THE BORDER THROUGH JOINT INSPECTIONS


RESEARCH STRATEGY:

What information was not available?

  • Information to support at least three key trends in the border customs industry in Mexico was not available.

Why was the information not available?

  • It is likely that information is unavailable because the Mexican government and the relevant customs agencies have not cited any major changes that have impacted them. Also, it appears that the data on Mexican border customs and the Mexican customs industry overall is limited and may be confidential.

Methodology:

PUBLISHED REGIONAL NEWS
We started looking for key trends by first going through regional and local Mexican news on border customs, hoping to find some pre-compiled trends or data which could be used to analyze trends. To do this, we predominantly searched for Spanish-language publications specific to Mexico. Through this method, we determined two current trends, described above. We were also hoping to find data to support assertions we could determine as key trends with a measurable impact, such as current means to minimize the time taken to finish border processing, trends in documents processing, or general customs practices currently in place.

However, there is no available data to support current trends or to justify that our findings of an increased value of imports or joint inspections are "key" or "major" trends. We furthered our search by trying to find any regional or local updates from within the Mexican customs industry that would help us measure the impact of the two trends discussed above, but our Spanish-language search provided no useful metrics to determine the overall impact of these changes. The information we did find predominantly focused on migration trends across the Mexican border.

MEXICAN BORDER EXCHANGE PORTALS
Moving from local or regional news articles, we then checked for publicly available data possible key trends in official websites related to Mexican customs and border operations, such as the Mexican Consulate, data on US-Mexico customs relations, the US Embassy, and other government portals, hoping to find statistics on trending increases or decreases of border tariffs, customs duty, or other trade exchanges. However, these portals provide information specific to travelers, such as what can be brought in or out of Mexico, border check regulations, advice, and frequently asked questions. We considered this approach because according to our previous findings, US and Mexico customs and border patrol have begun joint inspections as a means of reducing wait-time at the border, which suggests improving relations between US and Mexican officials at the border.

IMPORT/EXPORT-SPECIFIC INDUSTRY AND ASSOCIATION WEBSITES AND PUBLICATIONS
We then checked for industry-specific data on imports and exports through associations like the Confederation of Industrial Chambers of the United Mexican States (CONCAMIN), the National Chamber of Commerce of the City of Mexico, the Mexican Business Council of Foreign Trade, Investment and Technology, and the National Association of Importers and Exporters, among others. We used this avenue to find out if any trends related to the border customs industry have been published by these associations and government bodies. We were looking for reports or published articles that discuss trends relevant to the customs industry, such as customs processing being too stringent at the Mexican border which could have been used to further check the consequences of any ongoing changes. Given that, we could then determine if any of those changes are currently trending. However, these portals covered info like general tariffs, custom duty tariffs, and general regulations, but do not provide data that would be relevant enough to support trends in Mexican border customs, or the Mexican customs industry overall. We considered this approach as these associations often regularly update import and export data for the US-Mexico border.
Part
06
of six
Part
06

Customs Industry Key Players

The top three key players identified in the border customs industry globally were UPS, JSI Logistics, and Flexport. Below is an overview of the findings.

KEY FINDINGS

#1: UPS

Innovation/Disruption
  • UPS has chosen customs brokerage as one of the primary applications of blockchain.
  • As the world's largest customs brokers, UPS' key objective is integrating blockchain in its brokerage strategy by digitizing transactions, improving transaction accuracy, replacing "paper-heavy, manual processes," and improving the "security and efficiency for shippers going through customs brokerage."

Services/Offerings
  • Some of UPS's relevant services include electronic and routine customs clearance, handling the complexities and assuring the rating of duties and taxes are accurate, and monitoring the shipment with its advanced online tracking application.

Key Player
  • UPS has been considered as a key player as it provides its services, such as freight forwarding and customs brokerage, across 200 countries.

#2: JSI Logistics

Innovation/Disruption
  • In terms of innovation, JSI Logistics integrates Green Technology solutions across all of its services which includes "Global Customs brokerage and trade compliance assistance" under the service portfolio of "Global Transportation & Trade Compliance Solutions".
  • Starting from the consolidation and movement of raw materials to the "production through custom pack out" JSI provides all the services required for the Green Technology industry.
  • The company's Green Technology logistics program aims to make every part of the client's supply chain efficient from providing "complete global transportation solutions to customized warehousing and distribution programs."

Services/Offerings

Key Player
  • The company has been considered a key player as it provides services in 188 countries throughout the world.

#3: Flexport

Innovation/Disruption
  • Flexport is a global freight forwarder and customs broker that makes use of cloud software and an analytics platform. It uses technology, especially software, to optimize speed, reliability, and cost for its customers, which include Sonos, Georgia-Pacific, and Klean Kanteen.
  • The company also provides "data that helps customers analyze costs, container utilization, and emissions and keep track of their supply chain."
  • A factor that also stands out is the company's nonprofit division, which subsidizes logistics support meant for humanitarian relief.

Services/Offerings
  • Flexport provides cloud storage for all the customer's trade transaction documents, real-time collaborations, and updates.
  • Flexport helps with customs filings.
  • The company helps the customer with "good classification" such as the Harmonized System (HS) Code to calculate related duties, tariffs, and other taxes.

Key Player
  • The company has been considered as a key player as it provides services to 110 countries.

RESEARCH STRATEGY

To determine the key players in the border customs industry globally, we started our search by reviewing the websites of global associations or registered bodies for companies operating in the border customs industry globally. These sites provided reports from the World Customs Organization (WCO) and the International Federation of Custom Broker Association, among others. While the WCO published a report on the overall industry, it did not provide information on any individual player in the industry. The report from the International Federation of Custom Broker Association provided partial information on the organizations involved in the customs brokerage industry in several countries but did not present a full picture as it covered only 26 countries.

Next, we searched for market reports on the industry from sources such as Reuters, Markets and Markets, Market Research, among others. These sources, however, only provided reports on segments of the total industry. For example, Reuters only provided information on the Automated Border Control Market and although it provided key players in this market, it did not mention any of the metrics of measurement.

As we were searching for services done by custom brokers, we also looked for market reports or industry reports pertaining to this area but this information was not available in sources such as Technavio, GM Insights, Market Research. We also looked into consultancy reports on customs brokerage and the industry as a whole from reputed sources (such as Deloitte, McKinsey, PWC, BCG). However, though some reports, especially one by Deloitte, shed light on the industry overall, there was hardly any information relating to players in the field.

Since the request also regards innovation and disruption by the key players we looked into sources such as TechCrunch, ZD Net, CNBC Disruptor 50 list. These sources provided important insights relating to some custom brokerage companies and their innovation and disruption.

As we could not compile a comprehensive list of key players from the sources mentioned above, we looked into individual companies. We looked into major companies providing custom brokerage solutions globally. Some companies we found included DHL, FedEx, UPS, JSI, Flexport, Blujay, and OIA Global. From our research, we found that the most important criteria for clients of customs brokerage companies, which were into international trade, was global coverage. As many custom brokerage companies were private and did not disclose financial information and many did not publish the exact number of clients served but focused on transactions or shipments handled (which were larger than the number of clients), data on their coverage was found to be the most consistent parameter with which we could rank all the companies along the same scale. We found that DHL covered 220 countries, FedEx covered 220 countries, UPS covered 200 countries, JSI Logistics covered 188 countries, Flexport covered 110 countries, Blujay covered 100 countries, and OIA Global covered 75 countries. Each of these companies was checked in detail for their innovative or disruptive capabilities and only three of them UPS, JSI Logistics, and Flexport were found to have distinct innovative or disruptive features. Finally, we ranked these three companies according to their coverage network and presented our findings above.
Sources
Sources

From Part 02
Quotes
  • "The paper concludes that an integrated performance measurement framework for border management can be developed on the basis of existing metrics."
  • "There are a number of existing approaches that provide some measurement of border clearance processes. Some approaches are broader in scope, for example, the World Bank’s ‘Doing Business’ surveys and ‘Logistics Performance Index’, while others such as the World Customs Organization’s (WCO’s) ‘Time Release Studies’ (TRS) are narrower in scope. There are also particular applications of performance measurement of border processes within defined regions, for example, the Trade and Transport Facilitation in Southeast Europe Program (TTFSE) and APEC’s review of progress with achieving a 40 Volume 4, 5% reduction in trade transaction costs in APEC economies."
  • "• Revenue collected/customs staff: total revenues collected/total number of customs employees. • Total customs administration cost/revenue collected: total budget of the administration (including salaries, overtime, bonuses and benefits)/total revenue collected irrespective of its destination. • Revenue collected/salaries: total agency salaries, overtime bonuses and benefits/total revenue collected irrespective of its destination • Trade volume/customs staff: trade volume/number of customs employees. • The annual number of declarations/customs staff: total number of declarations (import, export, suspense regimes, but excluding transit) irrespective of the number of items/total staff employed by Customs (Bagai & Wilson 2006). "
Quotes
  • "The logistics performance (LPI) is the weighted average of the country scores on the six key dimensions: 1) The efficiency of the clearance process (i.e., speed, simplicity, and predictability of formalities) by border control agencies, including customs."
From Part 06
Quotes
  • "We take the complexity out of customs. Present in over 200 countries worldwide Processing more than 7mn customs entries per year Dedicated team of customs experts Global, regional and country teams to ensure operational consistency and compliant trade activities Operated in accordance with governance structure, code of conduct and compliance standards Strong relationships with government customs and security authorities Superior level of service delivery globally, utilizing the latest customs clearance technologies"
  • "A broad portfolio of customs services including: - Import and Export Declaration Filing - Security Filing - Duties & Taxes Advancement - Other Government Agency Services - In-Transit Movement - Permits and Licensing Application Services"
Quotes
  • "we serve more than 220 countries and territories around the globe."
Quotes
  • "As a leading provider of North American customs brokerage, we handle more than seven million transactions annually for customers of all sizes. We can help you manage imports and exports, by ocean, air or ground, with comprehensive customs support in the U.S. and Canada and at the U.S./Canada and U.S./Mexico borders. We provide low cost solutions that keep you in compliance and your shipments in transit."
  • "Keeping up with security and regulatory requirements is critical to keeping your shipments moving. FedEx Trade Networks works closely with U.S. Customs and Border Protection (CBP) and Canada Border Services Agency (CBSA), staying on top of regulatory changes that can affect your shipments. We are also a Customs-Trade Partnership Against Terrorism (C-TPAT) certified and validated customs broker, and can assist you in complying with customs security and other government requirements."
  • "We serve as a single resource for all your full-service customs clearance needs, from classification to clearance to post-entry services, all at very affordable rates. Our uniform processes and e-commerce abilities simplify international shipping and help make sure things are done right the first time, every time."
  • "With FedEx Trade Networks as your customs broker, you have access to a range of services to build customs solutions that work for your business, including: Calculation of duty, taxes, fees, and other customs charges. Free trade certification. Customs bonds. Protest preparation and filing. Follow-up on liquidation issues."
  • "Visibility to critical information regarding your imports and exports via My Global Trade Data. Create customs documents for your U.S./Canada border shipments online Get instant access to all of your North American customs entry-related documents Take advantage of the My Global Trade Data Image CD, which can assist you in meeting CBP recordkeeping regulations Global customs brokerage coordination outside of North America. Notification of changes in duty and tax information worldwide. Expedited refund claims with a state-of-the-art, fully automated duty drawback program. Brokerage inclusive options bundled with FedEx transportation services."
Quotes
  • "FedEx Corp. (NYSE:FDX) announced today that it has agreed to acquire Manton Air-Sea Pty Ltd, a leading provider of logistics services, including freight forwarding and customs brokerage solutions. Manton’s capabilities complement and expand the FedEx portfolio of offerings essential to the rapidly growing global commerce landscape. The acquisition is expected to close later this year and is subject to customary closing conditions."
  • "With operations across Australia, Manton connects customers to global markets through regional gateways and relationships with multiple air carriers. With specific expertise in the healthcare and automotive markets, Manton is a proven leader in air and ocean freight forwarding solutions, as well as customs brokerage."
  • "Headquartered in Sydney, Australia, Manton will operate as a subsidiary of the FedEx Trade Networks operating company."
  • "Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to continue to expand in Australia, a country with a strong GDP and a significant market in the Asia Pacific region,” said Richard W. Smith, president and CEO, FedEx Trade Networks. “We look forward to potential business opportunities through the collaboration between Manton and FedEx Trade Networks with the FedEx Express and TNT presence in Asia Pacific and Australia. We are delighted to add the Manton team members to the FedEx family of companies and combine the talents of both teams to contribute to our continued success."
  • "We have long admired the FedEx Trade Networks team, recognizing their growth and expansion over the past several years,” said Michael Rolls, managing director, Manton. “We look forward to joining FedEx and working together to expand in Australia and other markets."
Quotes
  • "Logistics and distribution; transportation and freight (air, sea, ground, rail); freight forwarding to more than 200 countries and territories; international trade management, and customs brokerage."
Quotes
  • "The benefits associated with UPS Customs Brokerage Services include: Electronic customs clearance that begins while your shipments are still in flight Expert brokers to handle all complexities and ensure accurate rating of duties and taxes Use of our advanced online tracking application to monitor your shipment throughout its journey Routine customs clearance automatically included in all UPS air service rates (where applicable) "
  • "In addition to speedy customs clearance for your everyday international shipments, we offer the expertise and depth of resources needed to help you transport goods that require special treatment in customs at little or no additional charge. The services include: Clearing formal entries Clearing live entries Facilitating temporary import bonds Coordinating duty drawbacks Preparing export declarations"
  • "You can also trust UPS to handle your customs clearance for heavy freight, allowing you to seamlessly move your shipments across borders."
Quotes
  • "Blockchain has multiple applications in the logistics industry, especially related to supply chains, insurance, payments, audits and customs brokerage," said Linda Weakland, UPS director of enterprise architecture and innovation. "The technology has the potential to increase transparency and efficiency among shippers, carriers, brokers, consumers, vendors and other supply chain stakeholders."
  • "Among a bevy of use cases, UPS cited customs brokerage as one of the primary applications of blockchain within its own business. UPS is one of the world's largest customs brokers and a key objective in its brokerage strategy is to digitize transactions. With blockchain, UPS said it could improve transaction accuracy by replacing paper-heavy, manual processes, while at the same time improving security and efficiency for shippers going through customs brokerage."
Quotes
  • "JSI has a direct global presence, operating 28 service centers throughout the United States, Asia and Europe. In conjunction with our strategic partners, we provide services in 188 countries throughout the world!"
Quotes
  • "Full Customs Clearance Services 7 Days A Week / 365 Days Per Year Processing Normal and OGA Entries (e.g., FDA, USDA, etc) Assistance in Processing Entries Requiring Government Import / Export Licenses Remote Location Filing (RLF) Certified Processing Temporary Imports, Bonded Shipments, Carnets and Other Special Clearances"
  • "Cross Border Clearance Services Compliant with CBP’s Automated Commercial Environment (ACE) Adhere To All CBP ISF / AMS Requirements Assistance with Duty Drawback and Other Specialized Programs"
  • "Free Trade Agreement / Preferential Status Compliance Ability to Clear Hand Carry / On Board Courier Shipments at Airport Assistance in Applying For Customs Bonds Continuous Compliance Education"
Quotes
  • "From orchestrating the consolidation and movement of your raw materials to production through custom pack out and labeling per your end customer specifications, JSI provides a complete portfolio of services the Green Technology industry needs."
  • "JSI is aware of the high quality standards and time to market requirements aligned with the Green Technology industry and the complexities that lead to building an efficient and cost effective supply chain. We offer proven comprehensive global supply chain management solutions designed to support the industry. Our Green Technology logistics programs aim to streamline every part of your supply chain from complete global transportation solutions to customized warehousing and distribution programs including turn-key returns management. Our technology, support and value added solutions are backed by nearly 35 years of experience, exemplifying JSI’s position in the supply chain management industry."
Quotes
  • "Tracking and handling freight — a $1 trillion industry that keeps the world's economies humming — has largely been done on paper and via email and phone calls. Flexport is turning this "ancient" industry on its head. This San Francisco-based start-up is a global freight forwarder and customs broker powered by cloud software and an analytics platform. Its technology promises to use software to optimize speed, reliability and cost for its customers, including Sonos, Georgia-Pacific and Klean Kanteen. In early 2016 Sonos tested Flexport to transport its goods from China to Australia. Now Flexport is one of Sonos' four main logistics partners, which also includes package delivery giant UPS."
  • "Flexport provides data that helps customers analyze costs, container utilization and emissions and keep track of their supply chain. It includes support for smaller LCL (less than full container) shipments that bigger players often treat as low priority."
  • "As it builds out the business, the company is also sharing in its good fortunes. Its nonprofit arm — Flexport.org — provides subsidized logistics support for humanitarian relief, and a carbon calculator so customers can see the environmental impact of their shipments."
  • "Currently, it ships to 110 countries for more than 10,000 customers."
Quotes
  • "7,500 Customers in Over 100 Countries"
Quotes
  • "OIA Global has operations in more than 75 countries at over 200 transportation hubs throughout Asia, Europe, North America, South America, Africa, Australia, Middle East and Central America."
Quotes
  • "Old source included asit was the latest available report on Custom Brokers prepared by WCO or World Customs Organization"