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What Is a Customs Broker?

What Is a Customs Broker?

In Australia, under the Customs Act 1901, only licensed customs brokers—or the owner of goods—can submit import declarations for goods cleared into home consumption. Most businesses engage brokers to navigate complex regulations, avoid entry errors, and minimise costly delays or penalties.
Licensing & Qualifications All customs brokers in Australia must hold a licence issued by the Department of Home Affairs
Common pathway:
Complete the Diploma of Customs Broking (TLI50822).
Gain supervised workplace experience.
Sit (if required) a national exam.
Participate in mandatory continuing professional development (CPD)—typically 30 points annually
ABF tightened 'fit and proper person' checks as of 5 March 2025, enabling electronic licence applications & broader nominee definitions
Key Roles in the Supply Chain
Customs brokers act as a vital bridge between importers and authorities by:
Classifying good s accurately to calculate duties and taxes.
s accurately to calculate duties and taxes. Completing import documentation, including permits and licences.
including permits and licences. Liaising with customs officials and expediting clearances
and expediting clearances Mitigating compliance risks , such as misclassification or incorrect valuations.
, such as misclassification or incorrect valuations. Guiding tariff opportunities, HS codes, and trade agreements (e.g., India ECTA)
This reduces delays, penalties, and errors that could disrupt the entire supply chain .
Regulatory & Technological Context (2025 Outlook) Customs Amendment Legislation (from 5 March 2025) enhances digital licence administration and tighter security for trusted trade partners.
(from 5 March 2025) enhances digital licence administration and tighter security for trusted trade partners. Illegal Logging Reforms (effective 3 March 2025): brokers must ensure oversight of timber legality, treatment standards, and documentation
(effective 3 March 2025): brokers must ensure oversight of timber legality, treatment standards, and documentation Biosecurity measures continue to tighten, with DAFF requiring certifications, fumigation verification and compliance audits .
with DAFF requiring certifications, fumigation verification and compliance audits . New CPD requirements issued by DAFF must be completed by 17 March 2025
Supply Chain Trends & Impacts on Brokerage
a) Digital Transformation & Data
AI-powered tools, real-time platforms, and e-signatures are becoming core features.
Customs data is now the 'currency' of trade—vital for visibility & resilience
b) Resilience & Sustainability
Increased investment in robust networks and rail infrastructure—Australia's freight is up to three times costlier than elsewhere
Push for traceability (using blockchain, IoT) to comply with ESG and biosecurity laws
c) Geopolitical Change
Agreements like Australia–India ECTA and the Supply Chain Resilience Initiative (SCRI) diversify routes beyond China
d) Freight Costs & Policy
Regulatory pressure on brokers to maintain strict compliance—part of new 'additional licence conditions' since July 2024 .
Why Brokers Matter More Than Ever They help businesses maintain compliance and avoid expensive disruptions.
and avoid expensive disruptions. They enable faster clearance via expert handling of complex regulations.
via expert handling of complex regulations. They optimise tariff management and trade-agreement benefits.
and trade-agreement benefits. They manage emerging risks—illegal logging, biosecurity threats, digital adoption, climate impacts.
Business Recommendations Choose a trusted-operator broker accredited under Australian Trusted Trader (ATT)
broker accredited under Australian Trusted Trader (ATT) Ensure brokers offer digital platform integration and data visibility.
and data visibility. Regularly review CPD credentials , biosecurity practices, and licence compliance.
, biosecurity practices, and licence compliance. Monitor supply chain resilience strategies: rail vs road freight shifts post extreme weather events
Conclusion
In 2025, customs brokerage in Australia has evolved from a transactional service into a critical strategic partner. As digitalisation, regulatory complexity, and global uncertainty rise, brokers play a pivotal role in ensuring seamless, secure, and compliant supply chain operations. By partnering with digitally advanced and accredited brokers, businesses safeguard their goods, reduce costs, and build resilience.
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What's Holding Back Sustainable Business? The Challenges That Matter Most
What's Holding Back Sustainable Business? The Challenges That Matter Most

Forbes

time18 hours ago

  • Forbes

What's Holding Back Sustainable Business? The Challenges That Matter Most

The race to a sustainable future is on In the next five years, an entire generation of 2030 sustainability goals will finally come due. ESG reports and shareholder letters alike are soon going to face their biggest reckoning yet: will all the lofty promises translate into real progress? Early signs suggest the answer will be sobering. While ambition has soared, actual outcomes have continued to lag stubbornly behind. The reality is not that business leaders lack the will, rather, it's that the pathways to sustainability are far murkier, slower, and more difficult than anyone knew, or perhaps wanted to admit. For many organizations, the past few years have revealed a brutal truth: good intentions alone are not enough. Across industries, leaders are confronting the growing reality that sustainable business challenges run deeper than public promises and ESG reports might suggest. 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Instead, he focuses on what could become possible with enough pressure and patience, and then works to build the conditions to achieve it, whether it is to further sustainability across his fleet of jets or simply managing the day-to-day operations at the back office. 'When you lead people, you can't just say, 'This is where we're going,'' Ricci explains. 'You have to build a path under their feet, step by step, that makes it believable and doable. Otherwise, it's just a dream. Worse yet, it might be just your dream, and never become theirs.' At Flexjet, Ricci has consistently pursued operational improvements that align with larger sustainability aims, but without forcing the business to lurch into goals it cannot yet support. He argues that trust, not slogans, is what sustains long-term change. 'Sustainability isn't a checkbox even if some still treat it as such,' Ricci continues. 'It's an ongoing negotiation between ambition and reality. 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Beyond the ESG Label: From Metrics to Meaning
Beyond the ESG Label: From Metrics to Meaning

Yahoo

timea day ago

  • Yahoo

Beyond the ESG Label: From Metrics to Meaning

As ESG scrutiny intensifies, Marco Carlizzi, Partner Lawyer at RSM Italy, explores the challenges and opportunities ahead, from tightening regulations to measurable impact, and why integration is now the real differentiator. The ESG landscape is undergoing a quiet transformation. While headlines focus on regulation or greenwashing scandals, many firms are recalibrating their environmental, social and governance (ESG) strategies to move beyond compliance and toward credibility. The partner lawyer at RSM Italy, shares how investors and institutions are responding to this shift, and where the next wave of ESG innovation lies. The pressure to quantify ESG is now coming from multiple angles, regulators, stakeholders, and internal leadership. 'While regulatory expectations around ESG metrics continue to grow, the picture on investor demand is more nuanced,' Carlizzi explains. 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But turning ESG intentions into metrics isn't easy, especially for small and mid-sized companies. 'The core issue is data – not just the collection of ESG data, but its quality and reliability,' Carlizzi says. 'Many small and middle market businesses are unable to provide the detailed data that banks or asset managers request.' Even on the institutional side, accuracy can be elusive. 'Investors typically depend on a small number of ESG ratings agencies and data providers – such as MSCI, Sustainalytics, or ISS – to assess thousands of companies across global markets. Because so many asset managers use the same sources, there's a risk of overreliance on standardised, and sometimes inconsistent, datasets.' The consequence? 'It's difficult to benchmark performance accurately or uncover meaningful distinctions between companies, especially when methodologies lack transparency or comparability.' In Europe, ESG regulation is quickly catching up with industry practices. 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That means ESG strategy can't be delegated to a single board member or compliance officer. It must be understood across leadership – just like finance, marketing, or corporate governance.' He recommends concrete, preventative steps: 'Practical steps include regular board education, external legal review of ESG claims, and ensuring that communications reflect actual outcomes, not just intentions. The simplest advice is often the most important: be transparent, be cautious with language, and only promise what you can prove.' When it comes to impact investing, performance and transparency are no longer optional. 'There's been a clear shift toward measurability and accountability in impact investing,' Carlizzi says. 'It's no longer enough to talk about positive intentions – investors now expect evidence of tangible outcomes.' This has implications for both institutional and private clients. 'Both are asking tougher, more technical questions: How is impact defined? How is it measured? And how does it relate to financial performance?' This shift is reengineering product design. 'Managers need to integrate impact into the structure of the investment strategy, not just the marketing,' he explains. 'Increasingly, this includes setting portfolio-wide targets – such as emissions reductions or social outcomes – and linking them to financial mechanisms like hurdle rates, carried interest, or sustainability-linked fees. In the current environment, impact must be treated not just as a value, but as a measurable, reportable obligation tied to both returns and accountability.' Looking ahead, Carlizzi points to two EU policy developments that will reshape reporting obligations across the corporate landscape: the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). 'Both will increase the depth and scope of required ESG disclosures in Europe. Even businesses not directly affected will see expectations rise through their commercial relationships.' And while AI is emerging as a tool to handle complex data, he urges caution. 'There is also growing attention on how AI will be used to support ESG – particularly in data analysis and risk screening. But it's essential to remember that AI must support, not replace, professional judgement. As I often say to my clients: artificial intelligence may be fast, but legal responsibility remains human.' Finally, Carlizzi sees innovation blooming where ESG is embedded into strategy, not tacked on. 'Innovation is happening across all three – but the most exciting developments are in integration,' he says. 'For example, sustainability-linked loans and ESG covenants in financing structures are becoming more sophisticated.' On the reporting front, technological advances are starting to bite. 'The use of AI and blockchain to trace data through complex supply chains could significantly improve transparency.' Ultimately, success will depend on mindset. 'The firms that will lead in ESG are those who treat it as a core strategy – not as a compliance exercise,' Carlizzi concludes. 'The next wave of ESG leadership will be defined not by who has the best disclosure, but by who can act on it.' "Beyond the ESG Label: From Metrics to Meaning" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

A $124.97B Market by 2030 - How Battery Tech and Zero-Emission Mandates Are Driving the Future of Freight Mobility  The Research Insights
A $124.97B Market by 2030 - How Battery Tech and Zero-Emission Mandates Are Driving the Future of Freight Mobility  The Research Insights

Yahoo

timea day ago

  • Yahoo

A $124.97B Market by 2030 - How Battery Tech and Zero-Emission Mandates Are Driving the Future of Freight Mobility The Research Insights

CHICAGO and PUNE, India, June 27, 2025 /PRNewswire/ -- The Electric Trucks Market is projected to be valued at USD 29.69 billion in 2024 and reach USD 124.97 billion by 2030, growing at a CAGR of 27.1% according to a new report by The Research Insights. Rising emphasis on emission-free vehicles is anticipated to enhance the global sales of electric trucks, especially in the e-commerce and logistics domain. It will help the OEMs to expand their revenue stream and geographic footprint in the electric commercial vehicle industry. The report runs an in-depth analysis of electric trucks market trends, key players, and future opportunities. In general, the Electric Trucks Market growth of 27.1% comprises a vast array of Vehicle, Propulsion, Vehicle Range, Application, and Geography which are expected to register strength during the coming years. For More Information and To Stay Updated on The Latest Developments in The Global Electric Trucks Market, Download the Sample Pages: Market Overview and Growth Trajectory: Electric Trucks Market Growth: According to an exhaustive report by The Research Insights, the Electric Trucks Market is experiencing significant growth. The electric trucks market is growing rapidly, driven by unique and emerging trends apart from conventional ones like fuel savings and emission regulation. Improvements in battery technology and solid-state and lithium iron phosphate (LFP) batteries are enhancing the range, safety, and fast charging capability of electric trucks. Also, supply chain electrification efforts by major retailers and logistics companies pursuing ESG (Environmental, Social, and Governance) goals are accelerating fleet-level adoption. Growing demand for V2G integration and smart fleet management systems are driving the market, which allows electric trucks to operate as energy sources during peak loads. Also, the government incentives are shifting from subsidizing vehicles to ZEV (zero-emission vehicle) mandates and carbon credit programs, which is especially attractive for larger fleet owners. Finally, partnerships between truck OEMs and EV startups are helping accelerate innovation, and vertical integration, i.e., in-house battery production is enhancing control over cost and supply chain security. All these developments are driving the electrification of the commercial vehicle industry, one of the fastest-growing and transforming industries. Regulatory Push for Emissions Reduction and Government Incentives: Governments around the world are implementing strict emission regulations to mitigate climate change and reduce air pollution. North America, Europe, and parts of Asia are introducing stringent regulations for the transport sector, which is one of the major contributors to GHG emissions. Frameworks like the EU's Green Deal, the EPA's GHG emission standards, and China's NEV (New Energy Vehicle) policies are encouraging the adoption of electric propulsion in commercial vehicles. The government also offers various incentives, including purchase subsidies, tax exemptions, free registration, and zero-emission zones for electric commercial vehicles. Funding for electric vehicle charging stations, R&D grants, and ZEV credits are making electric trucks affordable and lucrative for manufacturers and customers. The battery subsidy is likely to be the most significant source of reduction in upfront costs, followed by reduced registration fees. The combination of government incentives is making electric trucks a financially viable and profitable choice for companies looking to comply with emission regulations and improve sustainability credentials. Stay Updated on The Latest Electric Trucks Market Trends: Technological Innovations in Batteries and Charging Infrastructure: Advancements in battery technology and solid-state and lithium-ion batteries are increasing the capability of electric trucks in terms of performance, range, and affordability. The range of electric trucks has now reached more than 300 miles on a single charge, making it a potential replacement for diesel-powered trucks not only in city deliveries but also for regional and intercity transportation. Battery energy density improvements, battery lifecycle, and safety developments have eliminated some of the concerns about payload limits and vehicle downtime. The widespread deployment of high-speed charging infrastructure for electric vehicles, including megawatt charging for heavy-duty trucks, is reducing range anxiety and enabling more flexibility in operations. Smart charging, V2G technology, and energy management systems are emerging, allowing fleet owners to optimize energy usage and reduce TCO (total cost of ownership). Technological innovations are overcoming some of the operational challenges associated with diesel trucks and making them a viable alternative to diesel-powered vehicles. Corporates' ESG Goals and Fleet Electrification Trends: A rise in corporate sustainability and ESG (environmental, social, and governance) goals is driving the demand for electric trucks. Increasing numbers of corporates, including logistics companies like Amazon, UPS, FedEx, and Walmart, are going carbon neutral and electrifying their fleets as part of their broader carbon strategy. These organizations view fleet electrification as a critical move to reduce their carbon footprint, adhere to future emission regulations, and improve their image in the eyes of increasingly eco-conscious customers and investors. The TCO (total cost of ownership) of electric trucks is also becoming more favourable in the long term, as they incur lower maintenance costs, lesser fuel expenses, and longer service life. The application of data analytics and telematics are also helping fleet managers track vehicle performance and maximize utilization. As companies realize the long-term financial and brand benefits of electrification, the demand for electric trucks, including light-duty vans and heavy-duty haulers, is likely to grow in industries such as logistics, retail, manufacturing, and construction. For Detailed Market Insights, Visit: Geographical Insights: North America leads in terms of the share of total revenue in the global electric trucks market in 2023 with 37.6%. Government incentives and supportive policies play a crucial role in driving the transition to electric mobility in North America. Both the State and Federal governments in the US have enacted tax credits, grants, and subsidies to support investment from automakers and customer demand for electric vehicles. This is why North American automakers are offering new products and services to keep up with the rising demand for electric vehicles in North America. The Asia-Pacific region is projected to witness the highest Compound Annual Growth Rate (CAGR) during the forecast period owing to a confluence of supportive government policies and incentives creating a conducive environment for the business of electric trucks. China's New Energy Vehicle mandate and India's Faster Adoption and Manufacturing of Electric Vehicles (FAME) are some of the initiatives driving growth. The fast rise of e-commerce in the region has created an uptick in demand for environment-friendly transportation solutions by logistics and delivery firms, which is in turn leading to new developments from local players like BYD, FAW Group, and Dongfeng Motor. Global Electric Trucks Market Segmentation and Geographical Insights: Based on Vehicle, the electric trucks market is divided into, Light Duty Trucks, Medium Duty Trucks, and Heavy-Duty Trucks. Light duty trucks have been the clear market leader in 2023, accounting for a substantial 64.0% share of revenue. Based on Propulsion, the electric trucks market is divided into, BEV, PHEV, and HEV. Battery Electric Vehicles (BEVs) dominated the market share in 2023, driven by their exceptional performance, reduced operating expenses, and growing recognition as a viable alternative to traditional IC engine trucks. Based on Vehicle Range, the electric trucks market is divided into, up to 300 miles, 300-600 miles, and Above 600 miles. In 2023, electric vehicles with a range of up to 300 miles dominated the market due to their tailored fit for commercial fleets' daily route needs, especially in urban and regional transportation contexts. Based on Application, the electric trucks market is divided into, Logistics & Delivery, Construction, Waste Management, and Others. The logistics and delivery segment dominated the market in 2023, primarily driven by the surge in e-commerce and growing consumer demands for swift and dependable delivery services. The Electric Trucks Market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For Region-Specific Market Data, Check Out Brief Sample Pages: Key Players and Competitive Landscape: The Global Electric Trucks Market is characterized by the presence of several major players, including: AB Volvo BYD Company Ltd. Daimler Truck AG Dongfeng Motor Company FAW Group Co., Ltd. Foton International ISUZU MOTORS LIMITED Navistar, Inc PACCAR Inc. Scania These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market. Global Electric Trucks Market Recent Developments and Innovations: In May 2025, Scania (Sweden) announced plans to invest approximately USD 2 billion to build a new production plant in Rugao, China, marking its third global manufacturing site after Sweden and Brazil. The new plant will start production by October 2025 and will produce 50,000 vehicles per year, which is approximately twice the production capacity of the plant in Brazil. Scania aims to reinforce its presence in the Asian market, shorten the delivery time and align with the local technological trends in the field of transportation in China. In February 2025, Dongfeng Motor Corporation (China) showcased three models DONGFENG GX, KC PRO and KC PLUS at the DONGFENG DAY 2025 held in Jakarta, Indonesia. DONGFENG DAY 2025 marked the company's first move to develop and establish its own market in Southeast Asia in the electric truck segment. In January 2025, Daimler Truck AG (Germany) received an order from Amazon (US) for 200 Mercedes-Benz eActros LongHaul battery electric heavy-duty trucks. The vehicles will be used for logistics operations in Germany and the UK to enable the carbon-free transportation service provided by Amazon. The first deliveries will start at the end of 2025. In January 2025, Scania (Sweden), SKF (Sweden), and LOTS Group (Sweden) initiated a project to introduce an electrically driven truck transport between Gothenburg and Helsingborg, Sweden. Battery electric Scania trucks powered by SKF charging solutions will run along the route to illustrate the potential for fossil-free long-distance transportation. LOTS Group will be responsible for the operation and logistics for this project to reduce carbon emissions in the entire supply chain. The companies aim to speed up the conversion to fossil-free transportation and demonstrate new solutions for fossil-free logistics. Purchase Premium Copy of Global Electric Trucks Market Size and Growth Report (2024-2030) at: Frequently Asked Questions (FAQs): What is the forecasted market size of the Electric Trucks Market in 2030?➢ The forecasted market size of the Electric Trucks Market is USD 124.97 Billion in 2030. Who are the leading players in the Electric Trucks Market?➢ The key players in the Electric Trucks Market include, AB Volvo; BYD Company Ltd.; Daimler Truck AG; Dongfeng Motor Company; FAW Group Co., Ltd.; Foton International; ISUZU MOTORS LIMITED; Navistar, Inc.; PACCAR Inc.; Scania. What are the major drivers for the Electric Trucks Market? ➢ The market is driven by a combination of factors that prioritize sustainability and environmental responsibility. Which is the largest region during the forecasted period in the Electric Trucks Market?➢ North America leads in terms of the share of total revenue in the global electric truck market in 2023 with 37.6%. Which is the largest segment, by vehicle, during the forecasted period in the Electric Trucks Market?➢ The Light duty trucks have been the clear market leader in 2023, accounting for a substantial 64.0% share of revenue. Conclusion: Technological advancements in batteries, energy management systems, and charging infrastructure are reshaping the electric trucks market and addressing growing needs for sustainable transportation in different sectors. The increasing demand for decarbonization in logistics, the government regulations on emissions, and the rising cost of fossil fuels are accelerating the transition to electric mobility. Electric trucks are now an essential part of fleet operations, last-mile delivery, and long-haul transport because of their lower environmental impact, reduced operating costs, and improved range. Integrating with smart grid systems and telematics improves real-time monitoring, route optimization, and predictive maintenance. Fast-charging solutions, flexible battery design, and supportive policy frameworks are crucial for adoption. As a part of the broader trends in green energy and smart mobility, electric trucks are becoming integral parts of the next-generation transport ecosystem that is aligned with global climate goals and digital transformation. Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: The report from The Research Insights, therefore, provides several stakeholders— governments, automotive manufacturers, logistics companies, fleet operators, regulatory agencies, and environmental organizations—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. With projected growth to US$ 124.97 billion by 2030, the Global Electric Trucks Market represents a significant opportunity for battery technology startups, charging infrastructure providers, software developers, renewable energy companies, and autonomous driving tech firms. Check out more related studies published by The Research Insights: Heavy-duty Electric Trucks Market: The Global Heavy-duty Electric Trucks Market is expected to reach at USD 4.70 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 20.6% during the forecast period. The introduction of heavy-duty electric trucks is revolutionizing the transportation industry, bringing numerous advantages that benefit both businesses and the environment. Electric Vehicle Market: The Global Electric Vehicle Market is expected to reach at USD 3,760.9 billion by 2034, according to a new report by The Research Insights. It is projected to expand at a CAGR of 21.5% during the forecast period. Increased focus on emission-free vehicles is expected to drive the global adoption of electric trucks, particularly in the e-commerce and logistics sector. Browse More related reports on Technology Industry Market Reports- About Us: The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions. Contact Us:If you have any queries about this report or if you would like further information, please contact us: Contact Person: Kaushik RoyE-mail: sales@ +1-312-313-8080Blog: Press Release: Latest News: | Logo: View original content: SOURCE The Research Insights Sign in to access your portfolio

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