Mastering landed cost and cross-border pitfalls | Decoding Cross-Border Ecommerce | Episode #2

Описание: In Episode 2 of Decoding Cross-border Ecommerce, our hosts tackle the significant challenges and potential losses retailers face when selling internationally, offering insights and strategies to avoid these problems. By simplifying complex issues, this episode will help retailers learn how to build trust with international shoppers and grow their business globally.

Hosts Clint Reid, Founder and CEO of Zonos, and Aaron Bezzant, Head of Global Trade Strategy at Zonos, get into the intricacies of calculating landed costs, including duties, taxes, fees, shipping, and item costs, and the importance of a having a good experience for international shoppers including transparent checkout processes and delivery options. The hosts also discuss how businesses can adapt their strategies to meet the diverse expectations of international customers, handle tax collection responsibilities, and manage currency exchange rates, commercial invoices, and the reconciliation of cross-border shipment invoices.

[00:00:00] Preview clip.
[00:00:22] Intros.
[00:01:33] What is landed cost?
[00:03:40] Cross-border clearance duty and tax surprises and complexities.
[00:07:05] What makes up landed cost? Duties, taxes, and fees explained.
[00:14:30] Poor cross-border shopping experience with unexpected fees.
[00:20:24] DDU/DAP - painful delivery experience, DDP - good delivery experience.
[00:25:23] Retailers must understand tax collection and remittance responsibilities.
[00:29:09] Shoppers want transparency at checkout.
[00:34:50] Localized and customized shopping experience by country.
[00:40:13] Currency, exchange rates, commercial invoices, and customs.
[00:44:16] Cross-border shipment invoices and reconciliation complexities.
[00:47:15] Retailers want an easy way to care for their international customers.
[00:49:02] Cross-border complexities made simple to create trust with transparency.

#landedCost #duties #taxes #duty #tax #localization #DDP #DAP #DDU #crossborder #zonos #ecommerce #crossborderecommerce #crossbordershopping #crossbordertrade #crossbordertransactions

Learn all about landed cost:
https://zonos.com/docs/guides/total-l...

Customs clearance guide:
https://zonos.com/docs/guides/customs...

Delivered Duty Paid (DDP):
https://zonos.com/docs/guides/deliver...

Global ecommerce:
https://zonos.com/docs/global-ecommerce