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.

Cargo Talk - - Guestcolumn -

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

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