Global AI in healthcare market expected to rise to $164B by 2030
The market size for 2023 was $10.31 billion
Read more...Technology resellers that work internationally are familiar with the major aggravations associated with cross-border transactions. Many who’ve attempted to tackle the global distribution process on their own were met with costly delays at customs on the account of presenting incorrect documentation. Sometimes these delays happen due to a disorganized system in the receiving country. Irrespective of the cause, it slams resellers with heavy fees and frustrated clients more often than it offers a successful transaction or the potential for growing a business relationship.
Those reselling expensive and sensitive technologies must undergo a much lengthier and more complicated process than other companies shipping commercially. First their equipment must be shipped to specialized data centres where it is highly scrutinized before awarded clearance (if awarded clearance). At that point, they must transfer the goods to their intended destination using a freight service or forwarder and hope the assets will arrive safely. If they’re leasing their IT equipment, many countries will require a local tax paying entity to take responsibility for it upon clearance, most commonly an importer of record. To compound the matter, these types of goods are also subject to heavy taxation which can account for up to 90% of the totally transaction cost.
When shipping sensitive equipment, what resellers need is an importer of record that specializes in the compliant clearance of technologies. Because there are so many facets to the process, ideally this service will be hands-on, where the importer will work vigilantly to see that the goods arrive at their intended destination and have on-the-ground personnel available to liaise with forwarders. They must also offer resellers peace of mind by keeping them in the loop and giving them updates. TecEx is one global importer of record that takes this approach, even offering their own courier services post clearance, and giving their clients access to an online portal where they may track their shipment in real time, and when clients use TecEx importer of record services they will even be provided with a services executive they may consult with at any point during the process.
This company understands the nuances of transporting sensitive goods across borders. They are familiar with the very specific rules and regulations stipulated by each of the 136 countries they work with regularly. As such, they’re able to prepare all the necessary documentation accurately so their clients will never have to face a delay. In fact, this importer offers best lead times and guarantees clearance within 10 days. They’ll even offer a value-added tax return within 6 months from 40 of these countries, saving clients thousands of dollars that they may then reinvest in their business.
Shipping value-added IT equipment is a multifaceted task, and so requires a specialist and expert in imports to ensure the whole procedure goes smoothly. Rather than taking a highly uncertain process into your own hands, hire a strong importer of record to do the legwork and guide you through a process that is nearly impossible to emerge from successfully without having adequate know-how and experience.
Michael Sanduso lives in Toronto, Canada. He is a freelance writer and editor, tech geek, and stay at home father.
All author postsThe market size for 2023 was $10.31 billion
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