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Global Trends that are Shifting the Distribution Sector to New Extremes

Retail is the last link in distribution, the one in contact with the market and the customer. Retail sales can alter, slow down, or boost, the actions of both the industry and the distribution. In recent times, this inertia has transferred the digital revolution to the distribution sector and as in any paradigm shift, threats can also be opportunities, to improve cost efficiency, customer experience, and differentiation from competitors. The adoption and use of digital innovation are presumed to be the key element that will establish the competitive advantages of each company. The consolidation of the quasi-automation of picking  Picking is the activity carried out by a team inside the warehouse to prepare customer orders. The client wants us to carry out this task without errors and with the quality required by him. With a digitized warehouse, it is very unlikely that there will be problems with orders and their preparation since everything is well informed in the system. In addition, the entire inventory is updated and digitized thanks to the mobile device for warehouse management. Finally, with the appearance of intelligent warehouses, even the loads will be able to prepare themselves and will be transported to the means of distribution. ‘Customer-centric’ philosophy and the individualization of solutions.  The customer has become the center. Demand an efficient and fast service, the entire process must be aimed at achieving your satisfaction and making the user experience memorable. Moreover, the services must be delivered in a personalized way. It is essential to know each client in detail, their history, their habits, their changes to serve them without interference. What could be more interesting than building, 100% made by you, your own bag, watch, or pair of shoes? Technology also plays a key role here by making combinations possible that were unimaginable a few years ago. Think, for example, of the potential of the mix between 3D printers and a good Big Data strategy, or between a good loyalty strategy applied to manufacturing processes. The possibilities in this field are exciting. AI is already a reality The sector will increasingly depend on chatbots, facial recognition technology, image recognition, and robotics for product handling all of which offer phenomenal opportunities for the consumer sector. What is newer today is seeing the first robots interacting with customers. The real investment in this aspect continues to be directed at reducing the costs of handling the product, from the house of the supplier to the house of the customer. As an example, Amazon today already has 20% of its logistics centers led by robots. And, at the same time, the operators that are investing the most in technology are beginning to handle a huge amount of data about their customers, which is undoubtedly key to offering increasingly individualized experiences. The power of social media from the retailer to the distributor. Access to the company and the client must be possible from any channel: physical, telephone, email, web, social networks, chatbots. The online world has broken down geographical barriers and the client cannot tolerate unjustified delays or not being informed about your order. Some will want to self-manage it and be on top of it, others to make it as easy as possible and give it all done. But they will always demand that the information is at their fingertips. The interaction in social networks to constantly tell stories does not work, you have to look for personalized and online communication with each of your key clients. This medium is becoming the most powerful source of receiving customer feedback. The continuous use of the database as a ‘Think Tank’ is already essential Data management as the main factor for decision making will continue to grow exponentially, and all this is thanks to technologies such as Big Data, machine learning, and AI (Artificial Intelligence). Analytical expertise is the key to the future. Data, when combined with intelligent technology, helps organizations create individualized experiences in a highly fragmented customer environment. This processing implies that with biased information, erroneous decisions can be made that directly impact the company’s productivity. BI (Business Intelligence) enables all data to be stored in a single, very intuitive platform and allows you to create panels based on the most interesting KPIs, displaying graphs that help make the right decisions. Environmental sustainability and the circular economy enter the equation  Consumers are looking for products that are made responsibly, that can improve their health and have a positive impact on the environment. Involving not only its production process but the entire supply chain. Therefore, it is necessary to introduce the concept of eco-friendly transport. While autonomous transport inside warehouses is becoming a reality, outside on the roads in a highly fragmented customer environment it is still a pipe dream, with many aspects of telecommunications, road safety, or adaptation of legislation to be polished. In the packaging, reducing the number of plastics and promoting the use of biodegradable materials. As well as eliminating paper in administrative acts. In fact, the Green Logistics seal will be a claim for CSR companies that want to strengthen their reputation on all fronts. The ‘delivery’ model of the end customer is extrapolated to distribution One of the aspects that generates the most competition among companies in the sector is the delivery time: immediacy is essential for many customers. The objective for many of the retailers around the world is the applications that allow them to buy, pick up and deliver any product, in the shortest possible time. The leaders seek to be able to deliver the purchase between 30 and 40 minutes after placing the order, in addition to offering service 24 hours a day, seven days a week. The appearance of IoT with the implementation of RFID technology As commerce accelerates the rollout of physical store-based purchasing options like click and collect or store delivery, it’s crucial that your inventory have a very high level of accuracy. As the cost and size of RFID technology are reduced until they can be

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What do you Know about Importer of Record?

An importer of record (IOR) is an entity, or person providing permission to import your goods under their import license. Importer of record is a crucial service when planning to import high-tech IT and telecom goods into a country where you don’t have a legal entity or operation. What does an IOR Provider do? The Importer of record (IOR) is bound to make sure all legal and formal requirements are fulfilled when the goods are being imported and cleared through customs. An IOR provider ensures all import documents are filled out correctly. Product classification and product values are accurately described. The IOR will also pay all customs duties and taxes on behalf of your company. Another major responsibility of an IOR is to provide all import permits needed for that particular product. These import permits or approvals are needed in advance to ensure customs will clear the goods. Without this, the goods can be impounded into an offsite warehouse. The IOR is also responsible for any damage and risks associated with the goods throughout the entire clearance and delivery process. Documentation An extensive knowledge of customs requirement in each country is required to import goods. Additionally, understanding all the complicated documentation needed to get the goods cleared through customs can be very daunting. To ensure these tasks are done without any errors you must consult your IOR provider before moving the goods. Below are some of common documents needed while importing into any country: Product Classification: this document will list the value of and type of goodsExport and Import Licensing: this document proves you have the legal right to import these goods.Permits and Permissions: these are specific documents that indicate you are permitted to import these goods.Duties/Taxes: documents listing the details of duties and taxes being paid while importing the goods.Power of Attorney (POA): This document indicates who you have appointed to take full responsibility for importing your goods. Importing rules and regulations vary by country. Developed countries are more likely to have less import regulation as compared to underdeveloped countries. Further, it is also dependent on the type of goods you are importing. Some IT and telecom-related goods have more legal requirements no matter which country they are imported into. Depending on the country you are importing rules and regulations may vary. Developed countries are more likely to have less import regulation as compared to underdeveloped countries. Further, it is also dependent on the type of goods you are importing. Some IT and telecom-related goods are associated with more legal requirements no matter in which country they are imported. Who can Become an IOR Service Provider? Any local entity with a registered legal name along with the import license for that product can act as an importer of record. In most cases, the consignee acts as an importer and clears the goods but they can also choose to use a third-party customs brokers to get the goods cleared through customs. Appointing a company as the IOR provider removes any confusion and manages the responsibilities for each party. An importer of record provides the importer service, permits, pays duties/taxes, fulfills the custom formalities, and delivers them to the end-user who actually owns the goods. While importing you give the ownership of the goods to the IOR provider so they can fulfill all the import associated responsibilities. Some Important Definitions Customs Broker: An external agent or party acting as an importer responsible for handling all the legal paperwork associated with importing the goods. Consignee: The company or party that owns the goods until they are cleared from customs. It can be an individual or a business entity who is responsible for handling the import process. Once the goods are cleared from customs, the consignee hands them over to the end-user who is the actual owner of the goods. Exporter: The entity or company that is exporting the goods from the country of origin. This can be a company or an individual acting on behalf of the exporter. Owner/ End-User: The company or individual who owns the goods and the legal purchase/ user agreement. Why Should You Choose AGOL as your Importer of Record? Customs agent/brokers in more than 120 countries 10 years+ of providing IOR services into the most remote locations around the globe Trade and compliance specialist for the IT and telecom industry One-stop solution for door-to-door international deliveries For more details you can visit AGOL Importer Of Record Service Page

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