Exiger Harnesses AI to Combat Illicit Transshipment Effectively
Exiger Partners with U.S. Customs to Enhance Trade Security
In a pivotal development in global trade security, Exiger, a leader in supply chain AI technology, has secured a significant contract with U.S. Customs and Border Protection (CBP). This multi-million dollar initiative focuses on employing artificial intelligence to detect and address illicit transshipment activities, which undermine legitimate trade practices.
Understanding Illicit Transshipment
Illicit transshipment refers to the manipulation of supply chains to conceal a product's actual country of origin. Such practices are often designed to evade tariffs, sanctions, and other trade restrictions, creating a serious challenge for regulatory agencies. Exiger's innovative AI solutions will not only assist CBP in identifying these illegal activities but also bolster their overall capacity to enforce compliance with trade regulations.
Implementing Advanced AI Tools
Exiger’s Trade AI will be integrated into CBP operations to enhance detection capabilities regarding suspicious shipments. This implementation aims to empower CBP personnel with the necessary tools to efficiently monitor and respond to potential violations in real-time.
Key Features of Exiger's AI Technology
The AI platform provided by Exiger is designed to offer a host of functionalities that bolster CBP's existing capabilities:
- Identification of illegal transshipment across various supply chains.
- Enhanced monitoring of tariff and trade regulations.
- Utilization of proprietary AI models to enrich decision-making processes.
- Automated validations of tariff classifications, shipment values, and countries of origin.
- Creation of detailed product bills of material, mapping raw material flows effectively.
- Real-time risk assessments of shipments.
- Early collection of tariff revenues to improve cash flow.
- Enhanced visibility into global supply chains, promoting better risk management.
Exiger’s Impact on Government Operations
With its technology already in use across over 60 U.S. government agencies, including the Department of Defense and the Department of State, Exiger’s AI solutions are set to redefine supply chain governance. This emphasis on innovative technology portrays Exiger as a vital partner in the fight against illicit transshipment, which is crucial for maintaining the integrity of the trade system.
Recognition and Future Endeavors
Exiger has garnered significant accolades for its contributions to supply chain management and risk mitigation. Recently, the company was recognized in multiple industry reports and awards, affirming its status as an AI frontrunner. With this new partnership, Exiger reinforces its commitment to enhancing compliance and ensuring fair competition in international trade.
About Exiger
Exiger is dedicated to transforming the challenges associated with supply chain management into strategic advantages. Through its advanced AI system, Exiger provides vital visibility into supplier networks, allowing organizations to navigate risk effectively and maintain compliance. Serving over 550 global clients, including government bodies and Fortune 500 companies, Exiger is positioned at the forefront of supply chain innovation.
Frequently Asked Questions
What is illicit transshipment?
Illicit transshipment involves altering supply chains to hide a product's real origin, often to avoid tariffs and penalties.
How does Exiger's AI help U.S. Customs?
Exiger’s AI tools enhance detection of unlawful transshipment, improving compliance monitoring and overall trade security.
Which agencies benefit from Exiger’s technology?
Over 60 U.S. Government agencies use Exiger’s AI solutions, enhancing their risk assessment and compliance capabilities.
What features does Exiger's Trade AI include?
Key features include real-time risk scoring, automated tariff validation, and improved visibility of supply chain flows.
Why is compliance significant for global trade?
Compliance ensures that trade practices adhere to legal standards, fostering fair competition and protecting national interests.
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