Excellent Trading will soon launch a one-stop import cloud operation platform – quotation in 10 seconds, on-line check for import qualification, informatization, transparency and visualization of trading, logistics and customs clearance. By Mr. James Tsang
The Covid-19 outbreak has a great impact on the import and export trade industry. On June 7, the data released by the General Administration of Customs showed that China’s foreign import and export trade volume in May amounted to 2.47 trillion yuan, showing a year-on-year decrease of 4.9%. Among them, exports continued the growth trend of the previous month, yet the year-on-year decline of imports was even enlarged. Experts believe that the export growth in May was mainly related to the outbreak of the overseas epidemic and the import decline resulted from two main reasons. One was price factors and the other was that the overseas epidemic prevention and control measures led to a slowdown of production activities in various countries, and thus restricted the growth of imports from the supply side.
As a result, our company Excellent Trading was also greatly impacted. Excellent Trading is a comprehensive import operation platform that covers supply chain finance, trade agency, international transport, domestic customs clearance, storage and delivery, and optimized tax solutions. We mainly focus on the import of beauty products, cosmetic devices, medical equipment and fast-moving consumer goods. We believe that the impact is only temporary, and adversity can make the company grow even stronger. So while many enterprises are cutting expenses and reducing personnel costs, we have been expanding our business and increasing sales. We even established our own information technology company and independently designed, developed and built an import operation platform.
With a simple vision of “make import easy”, YJT-Import one-stop cloud operating platform serves not only as the internal management software of the company, but also the “magic weapon” for us to serve our clients. The platform, in the form of e-commerce, features intelligent one-click import ordering function and provides services that cover every aspects of the trade from purchase, customs clearance, logistics, finance to warehousing and delivery, so as to create better and a more professional experience for importers. The main design concept of the platform is “collaborative operation and centralized management”. In terms of collaborative operations, we cooperate with trade agents, international transport agents, freight forwarders, customs brokers, motorcades, warehouses and other internal departments to improve operational efficiency, reduce labor costs and enhance the value-added space of services. For centralized management, we carry out centralized sharing of information resources among various departments and centralized management of business rules and business plans. We do centralized risk assessment and early warning at every aspect. Such effective centralized monitoring and early warning mechanism realizes a better pre-warning and in-process control. Business and financial integration is achieved through such centralized data management, and the accuracy and transparency of information are greatly improved.
In the early stage of the platform construction, we aim to meet three major needs. First, customer needs. YJT-Import helps solve the common problems met by importers such as hard to get the quotation of international freight, unclear definition of customs code, lack of sufficient documents for customs inspection, etc. Our services include providing quotation in 10 seconds, intelligent classification and clear definition of customs code, online check for import qualifications, notifying the documents needed in advance, and thus realizing informatization, transparency and visualization of the entire process. Second, our own business needs. The platform also solves the management and operation bottlenecks of the company. Our business covers the whole chain of import operations, but we do not have a complete set of corresponding systems to meet our requirements for business process standardization, informatization, automation and intelligentization. Third, the need for ideal software. At present, we rent four sets of systems to meet the operational needs of different businesses. There is hardly any software in the market that can meet all our needs and very often customization is required. However, it costs a lot and takes a long time to do customization on existing software. This has accelerated the pace of our research and development of an import operating platform of our own. Although at the present stage, we do this platform mainly to meet the needs of our customers, of our own business and for the software, we also want to better adapt to the changes in the industry with it.
In the initial stage of designing the platform, we were considering whether we would use it to serve customers or the industry. To serve customers means that we should consider the needs of customers and our business more, while to serve the industry means that we need to address more the needs of the industry. At last, we decided to use it to serve our customers and our own business first and then the industry. In fact, there is no conflict, because only when we serve our customers well and when the company grows more, can we be able to drive changes in the whole industry.
We will officially launch YJT-Import platform in August. Customers can then log into the official website (www.yun-jintong.com) and apply for a registered account. Once you become a registered member of YJT-Import, you will be able to place an order directly in the system, track the goods during the whole process, and receive our WeChat message notification in real time.
In the last 10 years, Excellent Trading has been growing steadily. In the next 10 years, we have only one goal: to rapidly develop into a benchmark in the industry and become a precise navigator.