UFL acquires Luxor Resolution on cross-border e-commerce

UFL acquires Luxor Resolution on cross-border e-commerce

U-Freight Limited (UFL), a global leader in providing freight forwarding and logistics solutions, has welcomed Luxor Resolution as their newest addition on e-commerce.

Simon Wong, the CEO of UFL said he was pleased with the decision to adopt Luxor Resolution, mentioning that it “outlines the guiding principles for cross-border e-commerce addressing eight critical aspects, notably Advance Electronic Data and Risk Management; Facilitation and Simplification; Safety and Security; Revenue Collection; Measurement and Analysis; Partnerships; Public Awareness, Outreach and Capacity Building; and Legislative Frameworks.

He thinks that these issues will help other businesses in the cross-border e-commerce supply chain to understand and respond better to challenges.

The company has been qualified by China Customs and CIQ as a licensed Cross-border E-Commerce Enterprise and a Cross-border E-Commerce Logistics Service Provider and it is committed to invest in development. It has invested in Luxor Resolution and in its warehouses to equip them better for the global e-commerce business.

The consistent growth of e-commerce comes with its challenges to governments and businesses, in terms of trade facilitation, safety and security, society protection, and accurate and efficient collection of duties and taxes. What UFL tries to achieve is to “address the key issues stemming from increasing volumes of mainly B2C e-commerce shipments and the time sensitivity thereof, which pose unique challenges to all e-commerce stakeholders under the current conditions,” says Simon Wong.

The WCO secretary general, Dr Kunio Mikuriya, also agrees that the adoption of the Luxor Resolution will help establish higher standards within e-commerce, and in time it will start developing a cross-border E-commerce that will effectively addressing the challenges.

UFL is committed to service development and with this acquisition it proves it is willing to invest in its own growth and in the advancing world of e-commerce.

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