Global trade keeps growing, but so do the hurdles for importers and exporters. Customs documentation, evolving regulations, and international payments create constant friction in 2024.
Documentation Frustration
Handling bills of lading, commercial invoices, and packing lists without errors is critical—any mistakes lead to costly delays.
Adapting to New Regulations
Customs rules are changing fast, like the UK's updated Border Target Operating Model, making it tough to keep up, especially for smaller businesses.
Payment Challenges
International payments come with risks—currency fluctuations, slow processing, and potential fraud are all too common.
Duties and Taxes
Misclassifying goods or fluctuating duty rates can hurt your bottom line. Accurate calculations are key to avoiding surprise fees.
Navigating global trade? Here's a quick look at the customs challenges for 2024.
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