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Emerging tech trends continue transforming and shaping the global economy and international trade. The transformation lies in the technology’s ability to foster security, transparency, and inclusivity while importing and exporting to various destinations. Artificial Intelligence, Machine Learning, blockchain technology and digital trading platforms are some of the leading tech trends in international trade. These technologies have redefined traditional import procedures with automation and optimization.

Importation requires everyone involved in the process to understand supply chain management, from the importer to the suppliers and logistics facilitator. It's only with understanding that they can provide the best experience to customers with the lowest costs possible.

So you have set up your e-commerce store and are thrilled with the numbers showing interest in your products. You are excited that potential customers from all walks of the world are spending significant time in your store, browsing product catalogues. But how prepared are you to move that product from your store to the customer abroad?

Illegal diversion is one of the significant challenges facing importers during transshipment. Such a diversion happens when an importer sells goods to a customer only for the goods to end up in a prohibited destination, end user, or end use, against the importer’s consent.

Like the importer of record, the exporter of record remains invaluable in fulfilling export procedures. You may wonder, who exactly is the exporter of record? Who can be the exporter of record? When is an exporter of record required?

Data centres have become critical considerations for almost every organization looking for unlimited storage and secure hosting services. It’s no longer the age when businesses built large premises for storing files and paperwork.