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Recognizing these developments, the WCO, drafted the WCO Framework of Standards to Secure and Facilitate global trade (SAFE). In the framework, several standards are included that can assist Customs administrations in meeting these new challenges. Developing an Authorized Economic Operator programme is a core part of SAFE.
Theft and shrinkage can take place anywhere in the logistics chain: from the shipper, carrier, or consignee. It may be packages, pallet loads, and full truck loads. It can involve individuals with an opportunity to take cargo or can involve organized crime.
A Brink's van in Germany in 2008. The Brink's Company is an American cash handling company, headquartered in Richmond, Virginia.Its operations include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as vault outsourcing, money processing, intelligent safe services, and international transportation of valuables.
Safety stock is a term used by logisticians to describe a level of extra stock that is maintained to mitigate risk of stockouts (shortfall in raw material or packaging) caused by uncertainties in supply and demand.
Con-way Freight was a less-than-truckload (LTL) motor carrier headquartered in Ann Arbor, Michigan, utilizing a network of freight service centers to provide regional, inter-regional and transcontinental less-than-truckload freight services throughout North America.
E-commerce giant Amazon said in October that it would hire 250,000 transportation and warehouse workers to prepare for the volume of shipping.
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