Sifty | Techstars ‘24

🚢 New U.S. Tariffs on Chinese Shipping: What Would They Mean for Global Trade & Customs? The latest proposal from the U.S. Trade Representative considers the imposition of fees on Chinese shipping companies and Chinese vessels that enter the U.S. The implementation of these measures will have a profound impact on global supply chains and international trade: 💵 Higher freight rates and logistics costs will most likely be passed down to importers, exporters and e-commerce businesses through higher prices. ⏰ According to the WSJ, China currently operates 19% of the world's commercial fleets. Avoiding Chinese-built and operated vessels would stress supply and demand in the market, creating even more bottlenecks in international trade. 📁 Increased regulations mean added layers of compliance for brokers, making a manual process even more lengthy and complex. How do you see these changes could impact your industry? #GlobalTrade #Ecommerce #CustomsTech #Logistics #SupplyChain Read the from The Wall Street Journal here: https://lnkd.in/gYUqFSAV

#tbt Today, we bring back one of our articles highlighting AI's importance in customs decision-making. Although the article was written some months ago, increased tensions in global supply chains and constant regulatory changes have made the need for more and better technology to assist customs brokers more latent than ever. To read the original version of the article in Spanish featured in the #Latitudex Magazine, click the link: https://lnkd.in/gH8Gwzvs. #internationaltrade #ecommerce #customs #AI #comercioexterior #aduanas

A sneak peek into our system 👀 Enhance your parcel risk assessment with Sifty, an AI-powered solution that evaluates risk and parcel descriptions in seconds. By leveraging millions of verified data points from real customers and authorities, Sifty ensures accuracy, speed, and compliance with local regulations. Join industry leaders who have increased their parcel throughput by 10x while maintaining precision and regulatory compliance. Interested in learning more? Reach out to our team today! 🚀 #Internationaltrade #customs #ecommerce

Temu responds to tariff increases, potentially adding more stress to global supply chains. 🗞️ E-commerce giant Temu is changing its operating model and asking its sellers to handle their shipments. This can impact customers, who will have to absorb the tariff increase at increased costs. For customs brokers, this means multiple sources and disaggregated data, which adds more stress to an industry already struggling with backlogs and delays. At Sifty, we work with customs brokers to decrease their processing time from minutes to seconds. Reach out to our team to learn more. Read more about Temu's response to tariffs here:

Tariff Turmoil Puts the Spotlight on Customs Brokers 🔦 Recent speculation on tariff implementation in the Americas has put customs brokers at the center of the debate. Uncertainties about the new policies regarding imports have made the knowledge and experience of customs brokers more crucial than ever. International businesses rely on customs brokers to navigate regulatory complexities, prevent costly delays, and keep goods moving efficiently. Increased tariffs and regulations mean more pressure on the entire supply chain and the customers. Customs brokers need to adapt their operations quickly to keep up with regulations and increasing processing volumes, and we are ready to help them. Read more here: #SupplyChain #CustomsBrokers #Tariffs #TradeCompliance #Logistics

How are we helping customs brokers increase their processing throughput? Our technology finds data relationships to assess parcel descriptions and their overall risk, helping customs brokers reduce their processing time from minutes to seconds. Watch our video to learn more. #Sifty #ecommerce #internationaltrade #riskassessment

Did you know that the description of your import could cause its delay? With the increased controls on e-commerce imports, it is important to avoid "vague" descriptions to prevent further inspections or delays in the importing process. Swipe to learn more. #eCommerce #imports #customs #internationaltrade

Trade wars: the focus on e-commerce Over the past few days, international news has discussed the implementation of tariffs between the U.S. and Mexico, Canada, and China, their political undertone, and their impact on retail and global supply chains. Some analysts even point to Trump as the initiator of a new "trade war," but is he? Read more here: #tradewars #supplychain #internationaltrade #ecommerce #tariffs

🚀 Air Cargo Demand Soared in 2024: What It Means for International Trade & Customs Today 🌍📦 The IATA reported 2024 as a record-breaking year for air cargo, with global demand up 11.3% YoY, reflecting the increased volume. Although this upward trend represents significant opportunities to increase the capacity and infrastructure of global supply chains, customs brokers must navigate current geopolitical tensions and regulatory shifts to keep up with the inflow of goods while ensuring compliance. What do you think will be the biggest impact on the customs ecosystem in 2025? Share your thoughts in the comments! ⬇️ #AirCargo #GlobalTrade #SupplyChain #Logistics #Customs #Ecommerce #TradeCompliance

🚨 New Tariff Regulations Impacting Imports from China into the U.S 🚨 Starting February 4, 2025, goods from China and Hong Kong will no longer qualify for duty-free entry under the de minimis exemption. All Chinese goods entering the U.S. must now go through formal import processes, significantly changing the international trade landscape. What does this mean? 🔹 Increased complexity – stricter customs procedures and regulatory hurdles will make importing more costly and time-consuming, leading to longer processing times and potential supply chain disruptions. 🔹 Higher costs and prices – a more complex import process generates additional expenses. Businesses either absorb these costs or pass them on to consumers, potentially driving up retail prices. While the full impact remains to be seen, customs brokers should prepare for stricter controls from the authorities, increased backlogs and operational challenges as they adapt to these regulatory changes. #InternationalTrade #Tariffs #SupplyChain #GlobalBusiness #ecommerce #customs Read the executive order on the matter here: https://lnkd.in/g6JnBYsi