Eurora's June 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 June industry wrap-up focuses on the collaborative efforts to share the postal's industry future and the role of AI in supply chain optimization.

Collaborative efforts shaping the future of the postal industry

WMX Europe in Tallinn brought together leaders in the post and parcel industry to address and tackle key issues faced in 2023 and beyond. A significant focus was on the urgency of making international deliveries more environmentally sustainable while maintaining top-notch customer experiences amid the challenges of navigating complex regulations.

Did you miss WMX Europe? We’ve compiled six key takeaways from the event that shed light on the latest developments within the postal industry. ??

The Universal Postal Union held a Postal Data Hackathon, aimed at addressing critical industry challenges. Mikhail Soloviev?and?Teet Kirss from Eurora joined forces with 59 participants from 23 countries. They worked on real-life challenges related to the movements of goods around the world.

Groundbreaking ideas emerged with the potential to revolutionize global postal services. From tracking plastic usage to interpreting data, optimizing delivery routes, and enhancing security through digital identities, these concepts lay the groundwork for breakthroughs in the future of cross-border delivery.

The central role of AI in advancing supply chain optimization

The global supply chain underwent significant transformations due to the pandemic, but fear not! The potential of data and AI can help your business not only recover but also thrive in these challenging times. In fact, it is projected that by 2025, 50% of leading companies will harness AI to optimize their supply chain operations.

Why is AI gaining such prominence? Simply put, it addresses two crucial challenges faced in the post-pandemic era: reducing operational costs and mitigating supply chain risks. To delve deeper into how AI can empower your business, check out the article below by Chris L. , exclusively crafted for FORWARDER Magazine .??

Karl-Oskar Masing, Head of AI and Data Science at?Eurora, delivered a captivating presentation on AI innovation at WMX Europe. He shared how leveraging AI for HS code allocation enables lightning-fast processing of high volumes of packages, eliminating human errors and maximizing efficiency.

"AI, fueled by digitalization, takes prediction, assessment, and compliance 'throughput' to new heights."

What's new at Eurora?

We are delighted to welcome?Mart Espenberg?as our Chief Technology Officer! With his exceptional expertise, Mart will help drive our expansion to new heights.

Mart brings a remarkable track record of over 10 years in building technology teams, developing infrastructure, and driving product innovation for various businesses. He decided to join Eurora because the company's global growth ambition captivated his interest.

We are delighted to welcome?James Doyle?as our CEO of Latin American operations! With his exceptional expertise, James will help drive our strategic entry to the world's fastest-growing retail e-commerce region.

"I've joined?Eurora?given the transformative potential of its AI/ML backed cross-border trade compliance solution on the evolving landscape of global trade and supply chains. I am eager to lead Eurora's entry into LATAM, simulating growth and unlocking trade between LATAM and the rest of the world,” said James.

Do you need guidance to increase your cross-border sales, level up your customers' experience, or implement winning shipping strategies??Get in touch with us?and?join +3.5k e-commerce & logistics experts?to stay informed on industry news and trends!