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 rotchin


Global Trade Is Powered by Artificial Intelligence

#artificialintelligence

I've been researching the use of Artificial Intelligence (AI) in supply chain applications. As I've written articles on this topic, vendors have reached out to me to explain what they are doing in this area. Randy Rotchin, the CEO of 3CE Technologies, is one example. The HS is a commodity description and coding system, which forms the basis upon which all goods are identified for customs, and is used by customs authorities worldwide. Using the right HS code allows companies to pay the correct tariffs. And paying the right tariffs are necessary to avoid government fines, which in some cases can run into the millions of dollars, calculating the true landed cost of products, and identifying promising selling and sourcing opportunities abroad.