The objectives of the feasibility study conducted under the EU SME Instrument Phase 1 is to gather and analyze market information in order to assess the risks, opportunities and feasibility of ClearView Trade’s project to build and roll-out a cloud-based multi-sided platform to support international trade.
The findings of our studies are summarized in a (1) market, (2) competition and (3) SWOT analysis respectively. Detailed findings are captured in the feasibility study report, which also includes an updated business model and pricing scheme, an update of our technical road map and go-to-market plan, which now entails a road map for international expansion and roll-out based on the attractiveness and feasibility of the different markets we studied.
The overall conclusion is to proceed with the project, focus on the SME market in general and the food industry in particular, push for international expansion based on the attractiveness and feasibility of the national markets features in this study.
The overall objectives of our project is to disrupt and rethink the way trade data is exchange, by connecting exporters, importers and forwarders to each other and the customs authorities. This allows trade data to be re-used and shared, instead of data being re-entered and fragmented across the supply chain.
Today the digital supply chain is very fragmented, trade data and documents are often transmitted as e-mails and attached documents. These manual and semi-manual processes to facilitate cross-border transactions are both inefficient and error-prone, and as a result 40-50% of all customs declarations in the EU are incorrect. We are the first company to introduce a collaborative platform that supports the process from export to import end-to-end.
In our proposal we documented the savings and benefits for the traders involved using a beta-case (Danish Export company that use ClearView Trade to manage transport bookings, customs and Intrastat). The savings have been validated during our feasibility study.
ClearView Trade help EU SME’s facilitate international trade, which has multiple benefits for society: Firstly, it helps the EU SME traders to increase their competitiveness, SME being an important source of job creation in the EU. Secondly, it increases exports from the EU to other countries. Thirdly, it de-stresses the supply chain, improves communication and fosters synergies. Fourthly, it increases the quality of the customs data submitted helping to combat fiscal fraud and ensuring the movement by reducing the number of errors and speeding up the process by creating paperless administration. Fifthly, help to promote standards enforced by EU and WCO.
