With the latest developments such as the implementation of the ACE (Automated Commercial Environment) or the new drawback law, more and more importers choose self-filing over outsourcing. In their latest Import study American Shipper found out that the percentage of self-filing importers nearly doubled between 2014 and 2016.
Day: July 3, 2020
Earlier this year the public of the British empire had the chance to vote if they want to stay a part of the European Union or if they are in favor of the Brexit (British Exit from the EU).
The vote was close. About 52% of the public voted in favor of the Brexit. Great Britain will leave the European Union but the entire process of exiting the EU will take about 2 years. That means not Great Britain and the EU got 2 years to set up processes and rules to prepare for that day. It also means companies involved in Global Trade to and from Great Britain do have 2 years to prepare for the new scenario.
In the past 10 years E-Commence was booming and the global E-Commerce market was growing rapidly. In 2015 the global E-Commerce market had an estimated size of $1.6 trillion. In 2014 in the US more than 520 million E-Commerce based packages were sent and the growth of the market does not slow down. The global E-Commerce market is projected to triple in size in the next five years. Big drivers of this development are countries like China, Brazil and India with its growing middle class.