CHAMP Cargosystems and SITA are helping to digitalise the tracking of shipments and capital flows of enterprises at the Shanghai Free Trade Zone.
Using CHAMP’s Traxon Premium Tracking solution, Shanghai FTZ will be able to register interest in a shipment and receive automatic status updates throughout its lifecycle.
Replacing physical air waybills, Premium Tracking enables high visibility with a single data-sharing point for all parties involved shipment.
Shanghai Pilot Free Trade Zone is part of the Shanghai Pudong District Government that focuses on free trade development and construction.
It has been mandated by the Shanghai municipal government to set up a cargo tracking service platform to track shipping information of offshore trade transactions.
The new system will provide automatic filing and verification of air waybills and transactions to the relevant municipal and central government authorities, improving efficiency and compliance.
Sumesh Patel, President for Asia Pacific at SITA, says, “In the past few years, we have seen the true benefits of digitalising transactional processes such as tracking shipments and associate capital flows deliver more efficiency, speed, and security in the exchange of data. With Shanghai Waigaoqiao we are pleased to bring these benefits to China and the wider trade sector.”
Nicholas Xenocostas, Chief Commercial Officer of CHAMP Cargosystems, says, “CHAMP specialists were able to adjust its standard solution to meet the complex needs of managing and supervising the capital flows of the free trade activities in Shanghai. We hope the efficiencies gained will help further bolster growth for its industries.”