Latest news with #Ex-Im
India Gazette
21 hours ago
- Business
- India Gazette
The Dollar Business Launches Ex-Im App to Redefine Smart Sourcing for Global Importers
SMPL New Delhi [India], June 23: The Dollar Business, India's leading trade intelligence platform, recently announced the launch of its Ex-Im mobile application, a strategic extension of its AI-powered EX-IM platform. The app offers global importers direct access to real-time sourcing intelligence, verified supplier data, and critical trade insights from anywhere in the world. Designed to eliminate guesswork in sourcing, the Ex-Im App empowers businesses to evaluate potential suppliers, optimise costs, monitor trade risks, and streamline decision-making through a single, intuitive mobile interface. Addressing Today's Sourcing Realities Global trade is increasingly defined by volatility, compliance demands, and time-sensitive decision-making. Importers face rising challenges in identifying credible suppliers, adapting to shifting tariffs, and managing logistical uncertainties. According to recent global procurement studies, over 65% of importers cite poor supplier visibility and market unpredictability as top constraints. The Ex-Im App directly addresses these concerns by providing access to over 21 million verified trade partners across 181 countries, powered by historical shipment records, partner credibility scores, and AI-driven sourcing analytics. 'The Ex-Im App represents a new chapter in our mission to simplify and strengthen global trade,' said Avnish Goyal, Founder & Director, The Dollar Business. 'Importers no longer need to rely on fragmented information or unverified directories. With this app, they can assess credibility, analyze markets, and take decisive sourcing action anytime, anywhere.' Key Features of the Ex-Im App - Verified Supplier Discovery: Importers can access shipment volumes, trading frequency, and historical performance data to identify reliable sourcing partners. - Real-Time Trade Insights: Users gain access to the latest Import Export Data India and global trade trends to stay ahead of shifting market dynamics. - Compliance and Risk Screening: AI-powered filters flag sourcing irregularities, embargoed entities, and geopolitical disruptions in real time. - Pricing and Delivery Optimization: Importers can compare supplier offers based on cost, lead time, and performance history, backed by actual trade data. - Mobile Dashboard and Alerts: An intuitive, mobile-first design enables users to act swiftly on supply chain developments, from anywhere in the world. Designed for a Mobile-First, Data-Led Trade EcosystemThe Ex-Im App is a natural evolution of The Dollar Business's web-based EX-IM platform. Built for both SMEs and enterprise users, the app brings together critical functions like sourcing, pricing, logistics planning, and partner validation into a single, agile interface. With trade becoming increasingly fast-paced, the app provides importers with the flexibility to make high-impact sourcing decisions while on the move. Early beta users report improved supplier due diligence timelines and significant cost savings through smarter vendor selection. About The Dollar Business The Dollar Business is India's premier trade intelligence platform, specialising in actionable import-export analytics. Through its flagship EX-IM engine, the company provides access to trade data from 181+ countries and insights on more than 21 million verified companies. The platform supports importers and exporters in identifying partners, monitoring global supply chains, and making faster, data-driven trade decisions. For more information, please visit: (ADVERTORIAL DISCLAIMER: The above press release has been provided by SMPL. ANI will not be responsible in any way for the content of the same)
Business Standard
27-05-2025
- Business
- Business Standard
How Can "Trade Data" Be A Roadmap For Your Import-Export Business?
Global commerce is booming, but it's more unpredictable than ever. Geopolitical shifts, tariffs, and climate events can strike without warning. In this uncertainty, data becomes a company's roadmap. Firms using trade data can spot early changes, adapt fast, and uncover new opportunities. Without data, businesses risk missing out on up to 73% of their data often goes unused, leading to lost revenue and slow responses. Analytics also help forecast demand, letting companies stock smartly before peak seasons and avoid excess inventory. McKinsey says AI forecasting cuts errors by 20–50% and inventory by 20–30%. Companies using predictive analytics are 2.5× more likely to hit top goals. Smart trade data use can slash supply chain costs by 10% and reduce inventory by 25%. Data-driven firms are 3× more likely to make better decisions under pressure. The Hidden Costs of 'Flying Blind' Skipping analytics isn't just a missed opportunity; it can actively hurt the bottom line. Relying on gut instinct rather than hard numbers leads to wasted dollars. Inc. Magazine notes that without analytics, companies face 'lost revenue opportunities, lower efficiency and productivity, quality issues, and more'. This 'data inertia' has real costs. In a recent survey, companies investing in AI and analytics cut logistics costs and inventory to become more agile. Those that don't, by contrast, risk being outmanoeuvred by competitors or blindsided by a sudden trade ban or ship delay. The lesson is clear: without analytics, you're navigating in the fog. A Global Data Toolkit How do we make sense of global trade data? Luckily, powerful tools are now available. Platforms like The Dollar Business offer an 'AI-powered superengine'—a dashboard built on millions of trade records. Its Ex-Im engine covers data from over 20 million companies in 181+ countries. It helps exporters find buyers in new markets and importers spot promising suppliers using smart search and analysis. Behind the scenes, machine learning processes huge amounts of structured and unstructured data, turning it into clear charts and actionable insights. In everyday terms, using a platform like this is like giving your business an international trade detective. It can automatically crunch numbers so you can: Forecast demand and avoid shortages Optimise shipping and routes Plan for what-ifs Stay compliant These are just examples. In practice, a business can log into a dashboard, query a product or country, and instantly see charts of trade flows, price trends, and lists of verified buyers/sellers. Decisions that once took weeks of manual research now take minutes. In short, analytics platforms turn overwhelming data into actionable intelligence for decision-makers. The Dollar Business's Ex-Im tool, for instance, promises 'actionable intelligence' that helps grow market share and reduce supply chain costs. Demystifying Key Technologies: A real-world example of data visualisation in global trade is IBM's Food Trust blockchain, used by retailers like Carrefour and Walmart. It tracks produce and meat from source to shelf, enabling fast, targeted recalls in cases like salmonella outbreaks, preventing waste and financial loss. IBM's Bridget van Kralingen calls transparency 'the currency of trust' in food safety. As trade grows and supply chains get more complex, trust and traceability are essential. Data visualisation turns raw numbers into clear visuals—charts, maps, and dashboards—making complex data easy to grasp. The U.S. Trade Administration notes these tools help people quickly spot trends or issues. Dashboards highlight opportunities or risks at a glance, like a port map lighting up or a tariff timeline. Visual insights are as crucial as analytics. Real-World Wins: Food Traceability and More Beyond retail, technology is reshaping export-import (Ex-Im) operations. Platforms like Infor Nexus connect over 85,000 businesses, offering real-time views of shipments, inventory, and finances. Its Control Centre gives predictive insights to help manage disruptions and optimise logistics. In the U.S., the Automated Export System (AES) streamlines export data filing for compliance and better trade statistics. In Canada, Trade Data Online provides detailed trade data to support market analysis and strategy. These tools prove a bigger point: timely, trusted data is a game-changer. Whether it's helping a pizza chain keep fresh toppings or enabling a small exporter to find new buyers in minutes, data brings clarity. No surprise, 50% of supply chain leaders plan major investments in advanced analytics this year—they know what's at stake if they don't. Looking Ahead: A Data-Powered Future: As trade grows more complex, AI is reshaping import-export operations. Tools like The Dollar Business's Ex-Im engine and TradeAtlas use machine learning to spot markets, forecast demand, and streamline supply chains. They offer real-time insights, automate customs, and reduce delays, making AI-driven analytics essential for staying agile and competitive.
Reuters
01-05-2025
- Business
- Reuters
US Ex-Im Bank votes to reverse ban on overseas coal lending, observers say
WASHINGTON, May 1 (Reuters) - The board of the U.S. Export-Import Bank voted on Thursday to reverse a years-long restriction on lending to coal projects overseas, reflecting President Donald Trump's agenda that calls for more domestic coal mining and exports of U.S. coal, according to three people who observed the meeting. The vote happened less than a month after the White House issued an executive order aimed at reviving the U.S. coal industry, which included a measure directing Ex-Im and the International Development Finance Corporation (DFC) to open up facilities for coal developers. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. The federal bank, which finances projects overseas, had aimed to account for climate change impacts in investment decisions under the Biden administration and had not financed a coal project for more than a decade. "Ex-Im's decision to allow U.S. taxpayer money to be used to finance overseas coal projects is an economic and climate disaster. It takes Ex-Im's policies back two decades, when it was one of the largest financiers of overseas coal projects in the world," said Jake Schmidt, senior strategic director at the Natural Resources Defense Council, who was an observer at the board meeting. Ex-Im did not respond to a request for comment.
