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ISO proposal for a New work item Guidelines for overseas warehouse services in cross border trade

Scope 

Standardization in the field of providing overseas warehouse services in cross-border trade. It aims to develop a technical guidance on how to offer the overseas warehouses services, and highlights specific functions including the general principles, service provisions, service processes, service guarantee, service quality, evaluation, and improvements.

Purpose and justification of the proposal

With nearly 20 years of development, overseas warehouses started with only plain warehousing function from the initial stage and gradually developed into a new type of foreign trade infrastructure that integrates basic functions and value-added services such as return and exchange, circulation processing, distribution, and financing. This evolution makes overseas warehouses not just the major innovations in cross-border trade logistics models but have become the core hub of overseas logistics networks.

Overseas warehouses have the advantages of fast customs clearance, speedy delivery, quick turnover, and at low cost. It can solve many traditional challenges with cross-border logistics such as timeliness, cost, customs clearance, and localization. With the global supply chain crisis, overseas warehouses have become an important mode for international logistics to manage timely delivery and keep costs down. Overseas warehouses achieve this by connecting all key parts of the supply chain, and playing a great role in dredging international logistics parties and improving supply chain problems. According to data from the eBay platform, the conversion rate of merchandise link sales in overseas warehouses is four times that of direct-issued merchandise, and the sales of goods in overseas warehouses account for more than 50%, but the number of stocks keeping units is only 10%. Therefore, more and more e-commerce platforms are tilting traffic to overseas warehouse commodities to promote transaction opportunities.

The lack or scarcity of standards in overseas warehouse services suggests the need for procedures and minimum standards, especially for the operators or services providers. Having established guidelines for overseas warehousing service have many benefits: 

Potential stakeholders are: Industry and commerce, Government, Consumers, Labour, Academic and research bodies, Standards application businesses, Non-governmental organizations.

In case of national interest, BDS can approve the adoption of new work item on Guidelines for the overseas warehouse services in cross border trade. If the new work item is accepted by the national standards bodies – members of ISO, Bulgaria can participate actively in the development of the new Guidelines standard.

The national stakeholders can provide their position on the proposal for this new work item of ISO by 15.05.2022 to Petar Lozev, e-mail: petar.lozev@bds-bg.org, tel: +359 2 81 74 539.

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