Eurora's January industry wrap-up

To help you win in the ever-changing e-commerce world, we constantly track cross-border trade regulations, watch global e-commerce and logistics trends, and exchange with sharp-eyed industry experts from around the world.

This January industry wrap-up focuses on rules impacting cross-border trade in 2023, technology shaping the future of e-commerce, and US sellers returning to the EU market with the IOSS.

Your 2023 regulatory update

Are you aware of the nomenclature updates impacting HS code allocation? In the cross-border world, January 1 goes hand in hand with nomenclature updates for HS code allocation. Make sure you are up to date, check out this short article.??

The new year has brought its share of regulatory upheavals to cross-border trade. Whether you are an online seller, logistics provider, postal operator, or customs broker, to start 2023 off right, you need to know what rules will impact your activities this year. To help you save time and plan accordingly, we compiled them in one place.??

Technology shapes the future of e-commerce

Wondering how to level up your e-commerce game in 2023? Chris Lentjes, CEO of Eurora's US operations, shared insights with Retail Today?on what will drive online purchases in 2023, and how retailers can remove uncertainty for the consumer.

"The days of guessing games with shipping charges on goods between countries could come to an end – thanks to technology. We’re expecting to see more retailers use automation (such as Machine Learning/AI and alternative delivery methods) in the shipping and delivery process." Check out Chris's analysis and other expert predictions below. ??

Paul Scratchley, Commercial Director at Eurora and e-commerce expert, was the guest speaker of the Irish Tech News podcast. He explained how Brexit created uncertainty in cross-border trade and complicated UK/EU exports, particularly for SMEs. He also shared how the AI technology developed by Eurora can simplify cross-border trade, and reminded the importance of HS code allocation, the backbone of cross-border trade.

"Having an accurate HS code and having an accurate duty and tax calculation is vital. We built an AI that is capable of looking at the white noise around the description of goods." Listen to the full interview below. ??

US sellers return to the EU market with the IOSS

“It was very complicated to navigate the rules. We stopped shipping to the EU because we couldn’t manage the VAT requirements.” Ajith Mathew, Senior Contracts Manager at the US-based National Organization?AAIDD, had to stop shipping to the EU when new tax rules came.

Yet, he managed to return to the EU market with Eurora's IOSS service, which takes care of his EU taxes. “Each month, we get a reminder from our Tax Consultant about the monthly EU sales report due, so we can send it to Eurora on time, and then they take care of the tax return on our behalf.”

Want to know how the EU tax rules affect US companies and how the IOSS got AAIDD back on track simply, efficiently, and compliantly? Read the full story. ??

What's new at Eurora?

Eurora made it to the Estonian Startup Wall of Fame by?LIFT99! The Estonian Startup Wall of Fame celebrates the biggest startup success stories and strongest founders from Estonia.

With this recognition, Eurora will pursue its proprietary AI/ML development and global expansion, and develop new products to keep making cross-border trade simpler, faster, and more cost-efficient.?

Do you need guidance to increase your cross-border sales, level up your customers' shopping experience, or implement winning shipping strategies??Get in touch with us?and?join +2.5k e-commerce & logistics experts?to stay informed on industry news and trends!