Artificial intelligence can assist shippers to comply with the many diverse cross-border trade regulations enforced by different states and even countries
‘Eurora’ is an automated compliance company that looks to improve AI to be fully operational with logistics trade and transportation. Chris Lentjes, Eurora’s CEO of U.S. operations says artificial intelligence is crucial to the future success of logistical operations.
“Some people think about AI as a robot, some people think about it as ChatGPT, and some are thinking about autonomous vehicles. In essence, they are technically all correct; we’re all using various forms of AI to support day-to-day things that we’re doing.”
AI will be able to help international shippers that have to comply with altering customs requirements, duty charges, and a multitude of taxes. shippers and logistics operators also have to supply accurate harmonized system codes that indicate what a particular shipment contains – also helped define by AI.
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Lenjtes continues: “This is where AI can really help in that task. If you think about AI’s functionality, it’s really about continuous improvement and how the industry can speed up where decisions are made in the supply chain.”
Mistakes with cross-border documentation can result in higher tax brackets and duties than goods are liable for. This could result in fines for customs errors and even delays in parcel deliveries.
Data and technology surrounding cross-border trading are important, and AI is beginning to play a large role in how logistics businesses and carriers integrate their manual process into an automated system.
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