Introduction Since its first implementation in the 1970s, EDI helped customs brokers transform the way international trade documentation is processed. Today, this computer-to-computer exchange system significantly reduces administrative costs while improving accuracy in customs declarations and compliance. We understand that implementing EDI with customs clearance systems can seem complex, but its benefits are clear – […]
Introduction The global EDI market is projected to reach $4.52 billion by 2030, underscoring the crucial role of electronic data exchange in contemporary business operations. Originally developed in 1987, EANCOM has since become one of the most widely adopted EDI standards across the European consumer goods industry. As a subset of UN/EDIFACT specifications, EANCOM provides […]
Introduction Bonded warehouses serve as specialized storage sanctuaries in the global supply chain. The global bonded warehouse market is projected to reach $273.6 billion by 2031, yet many businesses still wonder, “What is a bonded warehouse?” and how it can benefit their operations. With international trade growing by 3.5% from the previous year, we’re seeing an […]
Introduction Today’s shoppers demand consistent and reliable information about the products they choose whether they are shopping online or in-store. To provide such high-quality product data to consumers, brands rely on advanced product data management solutions like GDSN to synchronize their product data to various sales channels like eCommerce stores, mobile apps, and other marketplaces. […]
Introduction The electronic invoicing system market has exploded to $13.5 billion in 2023, and experts project it will reach $60.9 billion by 2032. This remarkable growth isn’t surprising when we look at the numbers – while companies spend approximately $36 to process a single paper invoice manually, electronic invoicing cuts this cost by two-thirds. We’ve observed […]