Value add to logistics

With the first truly global solution at their disposal, logistics companies can now achieve a new level of accuracy, compliance and efficiency that will save them time and cost.

Infrastructure is critical to the growth of economy and logistics infrastructure in particular, with a well-designed extensive network of roads, bridges, railways, ocean and air routes, ports and airports, is one of the vital growth drivers for industry.

The country’s logistics infrastructure is considered highly incapable of supporting the existing and projected high growth rates. With the highly unorganised logistics market and gross under-utilisation of resources therein, what is it that they would need to unconventionally equip them with this growth in demand and increase in competition that they would have to surpass? The answer is innovation. While the growing demand would always mean more quantities to be shipped across will really need to embark on a business transformation programme powered by IT to achieve this goal. It is not that there are no players in this field so far who have not looked at any of these options.

Some of the leading e-commerce retailers have already identified this need and are reaping the advantages of value added services and technology. The complexities of managing global trade range from import and export compliance and clearance, product classification, trade documentation, license management, to name a few.

Thomson Global Trade comprehensive Reuters ONESOURCE (OSGT) offers a set of solutions for