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• Newly added feature on online self-serve platform “My Global TradeServices” enables shippers to compare and analyze tradelanes

• The user-friendly interface helps customers obtain referencesregarding customs information on licenses and permits required forentry

• Companies can procure materials in a cost-efficient manner or gainaccess to new markets with a competitiveadvantage

DHL Express, the world’s leading international express serviceprovider, has further enhanced its AI-powered platform, “My GlobalTrade Services” (MyGTS), with a new “trade lane comparison”feature. This feature enables businesses of all sizes to findreferences to existing trade lane regulations and requirementsbetween the exporting and importing country or territory. Withthis, companies planning a market expansion strategy can leveragethe solution to make well-informed decisions to maximize efficiencyand gain competitive advantage.

MyGTS is an online self-serve portal that helps users easilyretrieve customs information to pre-plan shipments as they accessnew markets or launch new products. The new feature uses artificialintelligence and machine learning to provide an overview of thetrade agreements in place and estimated duties/taxes which areincluded in the landed cost of the different trade routes. Landedcosts can be defined as the total cost of getting a product fromthe factory to a customer’s door. Besides shipping fees andinsurance, it includes estimated customs duties and taxes forcross-border shipments.

On the platform, users will simply need to indicate the productthey are shipping and the desired exporting and importing countryor territory. This is especially useful to small and mediumenterprises (SMEs), often challenged by a lack of internalresources, knowledge, and expertise to navigate a complex landscapeof customs regulations and procedures.  

“Companies including SMEs are doing what they can to boost businessresilience and global presence. However, SMEs tend to be impeded bythe intricacies of trade regulations and processes, slowing downtheir expansion plans,” said YungC. Ooi, Asia Pacific Senior Vice President for Commercial, DHLExpress. “The new trade lane comparison capabilityhelps SMEs enhance the understanding about customs requirements andlanded cost. It aligns with our commitment to providing innovativesolutions to help SMEs lower major trade barriers and become moreconfident in cross-border trade activities.” 

Information on trade lane comparisons

With this information, businesses can analyze and identify routesthat offer the most favorable import and export conditions, leadingto potential cost savings and increased profitability. Whensourcing or procuring materials from different factories orvendors, importers can identify references of where import licenseor permits are required for entry. On the other hand, exporterswill be informed about the import customs requirements for theproducts that they want to ship to the destination country orterritory. This valuable insight helps businesses to define theirgo-to market strategy, strategically positioning themselves in newmarkets.

Desire for market penetration

With a heightened focus on risk mitigation and resilience,companies can leverage this feature to reduce reliance onsingle-sourcing locations. Moreover, businesses can tap into theburgeoning Asia market, which presents immense market opportunitiesfueled by many manufacturing powerhouses and emerging consumermarkets. The latest DHL Global Connectedness Report showsthat corporate globalization is rising, as companies invest inoverseas markets, and expand their internationalpresence.

MyGTS is part of DHL’s Global Trade Services, which contains asuite of capabilities that help shippers easily navigate theincreasingly complex customs regulations and requirements. Besidesthe new trade lane comparison feature, MyGTS also includes apre-shipment planner tool that helps businesses know theimport/export requirements regulations and calculate landedcosts.