// ROBOTICS AND SMART FACTORIES TERM

Import

Import refers to bringing goods or services into a country from another country for sale or use.

Import — illustration from Wikipedia
Image via Wikipedia

TECHNICAL DEFINITION

Import is the commercial activity of purchasing and bringing goods or services produced in foreign countries into the domestic market, subject to national customs regulations, tariffs, and trade policies.

BACKGROUND

The Rust Belt, formerly the Steel Belt or Factory Belt, is an area of the United States that underwent substantial industrial decline in the late 20th century. The region is centered in the Great Lakes and Mid Atlantic regions of the United States. Common definitions of the Rust Belt include Illinois, Indiana, Iowa, Michigan, Minnesota, New Jersey, New York, Ohio, Pennsylvania, and Wisconsin. The term "Rust Belt" is considered to be a pejorative by some people in the region.

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SYNONYMS & ALIASES

  • International purchase
  • inbound goods
  • foreign acquisition
  • overseas purchase
  • inbound trade

USAGE NOTE

Countries import goods to meet domestic demand or acquire resources not available locally.

DEVELOPERS

Organizations developing technology related to Import.

  • SAP

    Develops enterprise resource planning (ERP) and supply chain management (SCM) software, including Global Trade Services (GTS) modules that enable manufacturers to manage import compliance, customs declarations, duties, and international logistics with greater efficiency and transparency.

  • Oracle

    Provides comprehensive cloud-based supply chain management (SCM) and Global Trade Management (GTM) solutions that help manufacturers optimize import operations, ensure regulatory compliance, manage trade agreements, and streamline cross-border movement of goods.

  • Descartes Systems Group

    Specializes in on-demand, software-as-a-service solutions for logistics, global trade management, and customs compliance, offering technology to automate import processes, provide trade content, and ensure secure and compliant international shipments for manufacturers.

  • E2open

    Offers a networked platform for multi-enterprise business operations, providing solutions for global trade management, logistics, and supply chain planning that help manufacturers gain visibility, optimize import workflows, and ensure compliance across their complex global supply chains.

  • Flexport

    A digital freight forwarder and customs broker that leverages technology to simplify and streamline global shipping, providing manufacturers with enhanced visibility, data analytics, and operational efficiency for their import logistics and customs processes.

  • Maersk

    Beyond traditional shipping, Maersk invests heavily in digital solutions and platforms for integrated logistics, offering end-to-end supply chain management services that include customs brokerage and technology to optimize and simplify import processes for global manufacturing operations.

  • Infor

    Delivers cloud-based industry-specific software, including supply chain management and global trade management solutions that help manufacturers automate and optimize their import processes, manage tariffs, ensure compliance, and improve overall supply chain agility.

  • Zencargo

    A digital freight forwarder and supply chain platform that provides technology for businesses to manage their international shipments, offering real-time visibility, automated booking, and customs clearance services to streamline import processes for manufacturers.

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