Eurora's November 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 November industry wrap-up focuses on the new challenges facing e-commerce retailers, regulation changes that will disrupt the industry in 2023, and tips to overcome Brexit red tape when selling to the EU.?

Providing high-quality data is more crucial than ever

Walter Trezek, a very well-known expert in the e-commerce world, shared valuable insights to help cross-border players anticipate the biggest hurdles ahead.

"The data not only has to be available but also has to be of very good quality for purposes like customs, import duty, transport security, and product safety." ??

Chris Lentjes, CEO of Eurora's US operations, was the guest speaker of The Retail Podcast. He gave insights on the current state of imports and exports for retailers, where automation and processes can ease retailers’ burden, and what retailers should be mindful of in 2023.

"The first best practice for retailers is to provide accurate trade compliance data on paperwork to streamline customs entry: accurate data, accurate declaration of the values, and countries of origin. It’s all important to make sure you are maximizing the deliverability of your shipment." Get more guidance from Chris, starting around the 17:00 min mark. ??

Is data accuracy the weak point of your business? Reach out to our experts!

Get ready today for the regulations around the corner

From January 1, 2023, GST in Singapore will be owed on all goods, regardless of their value.?We know from experience that these new regulations will disrupt the activities of many overseas businesses, forcing them to cut off their sales in Singapore.

That is why our experts gathered in Singapore at the end of September and made sure Eurora is 100% ready to help any company selling to Singapore stay fully compliant with the new legislation. Learn more about the new rules and how Eurora can help you.??

The ICS2 second release will be rolled out on March 1, 2023. All goods transported to or through the EU by air must come with a new complete set of data. Vague item descriptions won’t be accepted anymore, and HS codes will be required on all customs forms.

ICS2 impacts not only carriers but all businesses shipping to the EU. It is crucial to get ready now so your business won't get caught out next year. Learn more about the new ICS2 requirements and how Eurora can help you.??

You can fix post-Brexit red tape easier than you think

John Greenhalgh, Co-Founder of the UK-based online shop?A Year of Dates, ?managed to win back his EU customers using Eurora's IOSS service, which takes care of his EU taxes.

"The IOSS helped us come back into the EU after Brexit because it simplified a lot the tax that was required. It made life a lot simpler." Want to know how John experienced Brexit and how the IOSS got him back on track simply and compliantly? Read his full story. ??

Paul Scratchley?and?Anastassia Soboleva?had a coffee chat with UK retailers to fix Brexit one parcel at a time. They shared pro tips to overcome the EU tax red tape with Eurora's IOSS service.

"To fix Brexit one parcel at a time, we developed a solution that allows you to register with us so that we can be your fiscal representative, and we can help you trade again compliantly back into Europe," said Paul.

What's new at Eurora?

Eurora welcomed?Pedro Gallardo?as Chief Product Officer. Pedro brings 10 years of product building and scaling experience from international tech companies like IDNow, and Estonian unicorn Pipedrive.

“Simplifying the whole process of logistics, import and export declarations, tax collections and payments etc, this might be complex and sort of unexciting, but that’s where the crucial part lies. Having the possibility to ease those processes will have an ultimate impact on the end consumers: us,” commented Pedro.

Eurora was at China Cross-border E-commerce Expo,?a leading event in China's cross-border e-commerce industry that brings together 1k exhibitors covering +30 industries.

The team presented how Eurora solutions can help Chinese e-commerce businesses expand in new markets simply and compliantly while reducing costs and delighting their customers.

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 +2k e-commerce & logistics experts to stay informed on industry news and trends!