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Incoterms are one of most important features of international trade, but sadly, one of the most misunderstood: they feature regularly in the lives of a wide range of people involved in exporting or importing (sales, customer service, purchasing, accounts, freight and shipping personnel), but many do not appreciate the full significance of the terms which they are dealing with.
Connected vehicle technology is a wireless-based technology which enables vehicles to communicate with each other as well as traffic infrastructure such as traffic lights. They can communicate through devices which are installed on-board the vehicle which receives warning signals ahead of time about road closures, accidents, weather conditions and other potential hazards.
I wonder how buoyant the recruitment market is for transport directors these days. This is a sector overburdened with legislation, demanding clients, compliance issues and now to top it all, fines faced by international operators and their drivers when they unwittingly import illegal immigrants. Why would any sane person set up a haulage firm?
Alcohol duty fraud, particularly in beer and wine, is a significant problem for the Exchequer and legitimate business. HMRC’s measures to counter the fraud thus far have had limited success (and this includes the supposed ‘ideal’ anti-fraud measure – the electronic excise movement and control system for EU duty-suspended movements – EMCS).
The UK aerospace industry is one of the biggest in the world and accounts for nearly a quarter (22 per cent) of the global defence export market. However that’s not to say that, as a sector, it doesn’t face challenges particularly given the nature of an industry when every second counts.