Feeport’s x7trade Platform: Revolutionizing E-Commerce Logistics

In the fast-paced logistics sector, staying ahead of regulatory changes and ensuring seamless operations is crucial, especially when handling e-commerce goods. Feeport, through its innovative x7trade platform, is setting new industry standards by addressing the unique challenges faced in e-commerce logistics.

According to Luís Pimentel, CEO of Feeport, the motivation to create the x7trade platform came from witnessing the significant challenges businesses face with EU import customs clearance and the lack of a truly neutral technology provider in the market. "When the EU adopted a new VAT regulation for imported low-value e-commerce in 2021, we saw it as a turning point for the supply chain. It was also an opportunity to offer the market a neutral technology that simplifies customs clearance for low-value e-commerce goods," Pimentel explained.

Feeport’s mission is clear: to empower businesses with the tools they need to navigate the complexities of e-commerce customs clearance efficiently and transparently. The x7trade platform targets three key areas in e-commerce logistics: regulatory compliance, efficient customs processing, and enhanced supply chain interconnectivity and visibility.

“In an industry where regulatory compliance and operational efficiency are paramount, Feeport developed the x7trade platform to tackle the most pressing challenges in e-commerce logistics,” said Pimentel.

The platform automates the preparation and submission of parcel declarations for customs clearance, enhances real-time communication across the supply chain, and ensures seamless logistics operations. It is uniquely tailored for e-commerce operations, particularly for low-value goods, and ensures compliance with evolving EU import regulations.

“Compliance with new EU import e-commerce regulations is a cornerstone of x7trade’s functionality,” Pimentel emphasized. The platform supports both the Import One-Stop Shop (IOSS) and Non-IOSS systems, as well as the Import Control System 2 (ICS2) requirements, making it an indispensable tool for businesses engaged in e-commerce.

Moreover, the x7trade platform has proven to be invaluable to a diverse group of business users, including customs brokers, logistics service providers, integrators, and postal companies. These users benefit from enhanced efficiency, transparency, and the ability to handle increased shipment volumes with greater accuracy and speed.

One notable success story is Nordic Parcel Express, a Helsinki-based e-commerce logistics company, which, within six months of using the x7trade platform, achieved the remarkable milestone of processing customs clearance for over 500,000 parcels each month.

Feeport's market presence is expanding, with operations already established in Estonia, Finland, Lithuania, Latvia, Greece, the Netherlands, Hungary, and Romania, and plans to extend into Slovakia and Poland. This strategic expansion allows Feeport to support a diverse range of e-commerce logistics operations, ensuring compliance and efficiency across various regulatory environments.

Pimentel concludes, “Our continued expansion will enable us to support even more businesses in navigating the complexities of e-commerce customs clearance, ensuring they can operate efficiently and compliantly in a rapidly evolving market.”

This article was originally published by Air Cargo Week. Original Article