Overcoming Challenges in International Trade Data Usage with beDATOS
In today’s global market, there’s a bustling community of about 250,000 exporters and importers actively engaging in international cargo movement, according to beDATOS data. With nearly 80% of these businesses leveraging Export and Import Trade Data Insights, understanding price trends, cargo movement, and market dynamics is crucial for success. However, many face significant challenges in effectively utilizing these data reports.
At beDATOS, we’ve identified common issues with existing data and provide solutions to enhance data purchase and consumption.
• Issue in Identifying ‘hidden’ foreign buyers’ name
• Confusion around INCOTERMS
• Need for specific customization
• Any other issue with your existing purchased data
Issue in Identifying ‘hidden’ foreign buyers’ name
A common challenge for many users is the inability to discern the consignee’s name in export data insights. Often, this information appears as “to the order,” a bank name, or an abbreviation, obscuring the actual foreign buyer’s identity. Our solution for this problem ensures that our clients receive accurate information about the foreign consignee, without assumptions or predictions.
Confusion around INCOTERMS
Pricing confusion is another hurdle, as many users struggle to grasp variable costs associated with unit prices. To address this, beDATOS includes a separate Incoterms column. This feature helps users discern if the price is FOB, CIF, or CNF, alongside a dedicated FOB column for uniform quantitative analysis.
Need for Specific Customization
The standard format of export or import data reports often falls short for Blue Chip companies and others with unique needs. Additional columns, product markings, and manual adjustments are sometimes necessary. Our expert team at BE Smart Exim collaborates closely with each client, tailoring solutions to their specific requirements and inputs.
Other issues with your existing purchased data
Whether you need specific charts, further data sanitization, or additional assistance like freight forwarding, CHA, or export finance, we invite you to connect with us. Our team is ready to utilize all available resources to support your needs.
At beDATOS, we are committed to making your international trade data work for you, ensuring clarity and efficiency in your business operations. Connect with us today to explore how we can assist you further.