TCS Insights Series

Date: Sep 2024

The rapid expansion of e-commerce has transformed international trade, but it also presents significant and complex challenges for customs authorities. The traditional systems, processes, and regulations that have been used for the clearance of textiles and other bulk shipments are no longer adequate for managing the dynamic and fast-paced world of e-commerce. The global cross-border B2C e-commerce market, valued at USD 719.02 billion in 2021, is projected to grow at a remarkable CAGR of 25.8% from 2022 to 2030, underscoring the immense scale of the challenge.

Cross-border e-commerce transactions are characterized by a high volume of time-sensitive, small packages, the participation of unknown or occasional players, and the necessity for efficient return and refund processes. Customs authorities now face the daunting task of balancing the need for security with the demand for rapid clearance of these shipments.

To meet these challenges head-on, customs authorities must embrace cutting-edge technologies, such as non-intrusive scanning, and significantly enhance the quality of data to mitigate risks posed by limited visibility into the e-commerce supply chain. Furthermore, the adoption of innovative solutions is imperative especially in the aeas of shipments tracking. Customs must rethink their approach, incorporating advanced risk management strategies, smart inspections, and closer collaboration with stakeholders to effectively manage the evolving landscape of global e-commerce.

Date: Sep 2024

Many startups are careful about accepting venture capital (VC) investment because they worry about losing control of their company. Even though global VC funding jumped by 16% in the first quarter of 2024, reaching $89 billion, many founders still hesitate. The main concern is that VCs might take too much control, especially when they get a big share of the company and a seat on the board.

This can lead to founders feeling pushed aside, with important decisions being made based on short-term profits rather than the startup’s long-term goals. In fact, nearly 60% of startups that take VC money see major changes in their management within 2 years, often because they’re pressured to grow too quickly.

To address these concerns, VCs need to adopt strategies that create a balanced partnership. This means using a governance approach that considers the founder’s vision while adapting to the specific needs and circumstances of each startup. By aligning growth strategies with long-term objectives and keeping communication open and clear, VCs can build trust and show that their support isn’t just about making money. it’s about helping the startup achieve lasting success.