The Logistics Management Index (LMI) reached 60.7 in June, marking two consecutive months of growth and indicating strong market vitality in the logistics sector. Inventory levels have increased significantly, while transportation capacity and price fluctuations have also entered a period of tension. There remains uncertainty regarding the future direction of market demand.
Bolivian Customs is leveraging the risk management experience of Uruguayan Customs to improve clearance efficiency and reduce trade risks. This initiative is part of a WCO project aimed at fostering international cooperation and economic development. By adopting best practices in risk management, Bolivian Customs aims to streamline processes, enhance security, and facilitate legitimate trade flows. This collaboration highlights the importance of knowledge sharing and capacity building in strengthening customs administrations and promoting global trade.
This paper delves into how airlines can achieve revenue multiplication through data-driven, refined revenue management strategies. IATA Consulting provides airlines with comprehensive solutions, including capacity building, fare structure optimization, demand analysis and system selection, O&D revenue management integration, and inter-route evaluation. These solutions help airlines maintain a leading position in the highly competitive market by leveraging data insights for dynamic pricing and efficient resource allocation, ultimately maximizing profitability and optimizing revenue streams.
With support from the World Customs Organization-West and Central Africa Capacity Building Project, The Gambia Revenue Authority has launched the development of a strategic dashboard to improve performance management. By identifying key performance indicators (KPIs) and establishing monitoring mechanisms, the dashboard will provide senior management with an overview of organizational performance, facilitating decision-making and organizational development. This initiative represents a significant step for The Gambia in advancing modern tax administration.
Mongolian Customs has significantly improved its risk management capabilities under the World Customs Organization (WCO)'s 'Light Touch Intervention' (LTI) project. Through capacity building, strategic upgrades, and standardization, risk management efficiency has increased by 30%, and the physical inspection rate of goods has decreased by 20%. This advancement lays the foundation for a more competitive trade environment in Mongolia, streamlining processes and reducing unnecessary delays for legitimate trade while focusing resources on high-risk areas.
A WCO online workshop assisted Bolivian Customs in rebuilding its human resources department, enhancing talent management, and promoting trade facilitation. The workshop focused on strengthening customs administration through improved HR practices. This initiative aims to boost organizational effectiveness and efficiency within Bolivian Customs, ultimately contributing to better border management and smoother trade flows. The WCO's support is crucial for developing sustainable capacity building programs and fostering a skilled workforce within the customs administration.
This article explores the issues and solutions related to dealer warehouse management, emphasizing the introduction of lean management to enhance warehouse management efficiency. It aims to improve the systematic and standardized operation of the supply chain, helping dealers maintain their competitive advantage in the market.
The Lesotho Revenue Authority (LRA) is implementing a competency-based human resource management system in collaboration with the World Customs Organization (WCO) to enhance operational efficiency and tax revenue. WCO workshops and capacity-building support are helping LRA staff acquire modern HR management skills and develop action plans. With strong commitment from LRA leadership, talent management is poised to be a key driver in the tax department's transformation. This initiative signifies a significant step towards modernizing the LRA and improving its ability to meet its revenue collection goals.
The 9th Global Meeting of Heads of WCO Regional Capacity Building Offices, Regional Training Centers, and Vice-Chair Offices highlighted the critical role of regional institutions in capacity building. The meeting reaffirmed commitments to the WCO’s annual Capacity Building Needs Assessment, donor engagement, and the maintenance of regional experts. Discussions also focused on the development of new tools, such as the WCO Training Diagnostics tool, aimed at strengthening regional cooperation, enhancing the capacity of member customs administrations, and addressing global trade challenges.
The World Customs Organization (WCO) launched the ACE Expert Portal to optimize global expert resource management and enhance capacity building efficiency. This platform empowers individual expert development, facilitates knowledge sharing, and supports member-driven development. Through centralized management and permission settings, the ACE Expert Portal helps the WCO build a talent-driven customs organization, contributing to global trade security and facilitation. It aims to streamline expert identification, deployment, and knowledge transfer, ultimately strengthening customs administrations worldwide.
