Customs brokers must embrace automated solutions to succeed in B2C eCommerce
Why Customs Brokers
Fast and accurate real-time automation of customs data that removes expensive manual processes, enabling growth and margin improvement.
Technology that ensures your business can support customer growth without the need to increase your overheads.
Faster Customs Clearance
More than half of international eCommerce shipments take more than eight days to arrive at their destination with the time needed to clear customs the biggest single factor.
The introduction in the UK of BIRDS (Bulk Import Reduced Dataset) and the EU’s Import One-Stop Shop (IOSS) for low value consignments is simplifying the customs clearance process for B2C goods, resulting in more customs brokers moving into the cross-border eCommerce space.
Having the right systems in place is essential in supporting retailers who will typically have a mix of low and high value goods with the requirement to manifest each category of items separately, thereby enabling customs to clear your goods smoothly, quickly and with the correct payment of duties and taxes.
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Inability to scale due to dependency on traditional manual processes rather than technology automation.
Poor classification of goods resulting in inaccurate customs declarations.
The wrong duty and tax calculation leading to charging errors and significant risk of back dated financial exposure when taxation authorities’ audits take place.
The need for complete, accurate and valid data, including the right product description and HS code, is critical in the world of cross-border eCommerce as is the need for goods to move as fast as possible to the end consumer, while ensuring the most relevant customs regimes are maximised.
Yet set against these requirements is the greater level of complexity in B2C consignments with huge volumes and the different data elements that need to be captured for the multitude of products being moved.
Customs brokers are ultimately responsible for keeping their customers compliant and that means having the correct data sets, something that is only possible in B2C eCommerce through the integration of automated solutions and a reduction in dependency on manual operatives.
Hurricane is the world-leader in the provision of data services to enable customs brokers to enter into and scale in the cross-border eCommerce market.
Hurricane has produced a series of handy guides to support the customs clearance process:
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