Genco Blog

Foreign trade – 5 steps that can be automated by AI

In recent years, the increasing adoption of artificial intelligence (AI) solutions has boosted the efficiency and competitiveness of various companies, especially in the foreign trade sector. AI has provided greater agility, cost reduction and minimization of human errors, allowing the automation of essential steps in logistics processes.

Recently, a major logistics company acquired a cloud platform that uses AI to automate much of the import operations. This makes it possible to offer intelligent analysis that helps in strategic decision-making.

"The incorporation of artificial intelligence has made order tracking much more agile and efficient. Now, importers and exporters can view the entire operation in a single environment, optimizing their strategies. In addition, AI facilitates document management, tax calculation, real-time cargo tracking and improves service quality," says a company executive.

Documentation Automation

Document management is one of the most bureaucratic challenges in foreign trade, as errors or incomplete information can cause delays in the release of goods. With AI, it is possible to validate, organize and automatically fill in document data, reducing errors and speeding up customs clearance.

"This technology interacts with government systems, automatically filling in processes within the required regulations. For example, there are already solutions that carry out the Single Import Declaration (Duimp), integrated with the Foreign Trade Single Portal, created to replace old bureaucratic systems," highlights the specialist.

Tax Calculation

Foreign trade involves a complex tax structure, varying according to the countries, states and municipalities involved in the operation. AI contributes to automating these calculations, ensuring greater accuracy in defining tariffs, taxes and customs duties, helping companies make more assertive financial decisions.

Order Monitoring

Real-time cargo tracking is a critical factor for international logistics. With the adoption of artificial intelligence, this monitoring becomes more efficient, as the technology integrates with different systems, providing constant updates to importers and customers on the status of goods.

"Artificial intelligence also analyzes shipping history, seasonal patterns and market trends, helping companies to chart more efficient logistics routes and plan future demands more accurately," adds the executive.

Follow-up Optimization

In the follow-up process - which includes communications with suppliers, sending messages and tracking orders - AI plays a fundamental role in personalizing and improving these interactions. The technology analyzes purchase data and customer behavior, allowing companies to anticipate their needs and improve their experience.

Strategic Insights

In addition to optimizing processes, artificial intelligence has a significant impact on the analysis of economic, exchange rate and logistics data. With this, companies can identify market patterns, predict price variations and understand the commercial behavior of different regions of the world.

"The technology allows us to map trends and make more informed decisions, optimizing our strategies in a globalized market," concludes the executive.


Avoid mistakes when importing!

Having a specialized import consultancy can save you from many future risks. See what Genco Import & Export can do for you:

  • Sourcing your product to find the best value for your product.
  • Simulating all costs before you embark on this journey.
  • Negotiating values with suppliers, freight forwarders, and customs brokers.
  • Unifying all documents. Less headache for you!
  • Closing the exchange rate for your process.
  • Conducting inspections and issuing complete reports for your follow-up.

And much more!

Count on Genco for the best advisory for your imports.

Contact us and learn more about our services!

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