{"id":53,"date":"2022-11-09T09:09:47","date_gmt":"2022-11-09T09:09:47","guid":{"rendered":"https:\/\/qfalliance.com\/?p=53"},"modified":"2022-11-10T16:28:40","modified_gmt":"2022-11-10T16:28:40","slug":"blog-4","status":"publish","type":"post","link":"https:\/\/qfalliance.com\/index.php\/2022\/11\/09\/blog-4\/","title":{"rendered":"BLOG 4"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"53\" class=\"elementor elementor-53\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-29f6bae elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"29f6bae\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-325a409\" data-id=\"325a409\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1b0ec97 elementor-widget elementor-widget-heading\" data-id=\"1b0ec97\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.0 - 09-01-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-large\">Payments must be made on time or else, warns the air cargo business.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b97d710 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"b97d710\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a738280\" data-id=\"a738280\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c58ecb2 elementor-widget elementor-widget-image\" data-id=\"c58ecb2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.0 - 09-01-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/qfalliance.com\/wp-content\/uploads\/2022\/11\/parked-aircraft-cloudy-sunset-1024x576.webp\" class=\"attachment-large size-large wp-image-227\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/qfalliance.com\/wp-content\/uploads\/2022\/11\/parked-aircraft-cloudy-sunset-1024x576.webp 1024w, https:\/\/qfalliance.com\/wp-content\/uploads\/2022\/11\/parked-aircraft-cloudy-sunset-300x169.webp 300w, https:\/\/qfalliance.com\/wp-content\/uploads\/2022\/11\/parked-aircraft-cloudy-sunset-768x432.webp 768w, https:\/\/qfalliance.com\/wp-content\/uploads\/2022\/11\/parked-aircraft-cloudy-sunset-1536x864.webp 1536w, https:\/\/qfalliance.com\/wp-content\/uploads\/2022\/11\/parked-aircraft-cloudy-sunset.webp 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f8a086a elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"f8a086a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e5a5b4a\" data-id=\"e5a5b4a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9c1538b elementor-widget elementor-widget-text-editor\" data-id=\"9c1538b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.0 - 09-01-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>UNCHALLENGEABLE on-time payments for fully executed air cargo deliveries is the latest holy grail for complex supply chain transactions,\u00a0<em>writes Nigel Tomkins<\/em>.<\/p><p>Even as digitalisation starts to get a slow grip on the airfreight industry\u2019s inherent clumsy, paper-strewn, manual processes \u2013 and with blockchain technology perhaps emerging as one eventual solution \u2013 what is needed now is the universal recognition and acceptance of the widespread problem of a morass of sluggish, inaccurate and unwieldy payments processes.<\/p><p>It is a problem that is costing the airfreight supply chain some US$10billion in unnecessary costs and related wastage, says airline association IATA.<\/p><p>It is common for payments to not reach airline and forwarder\/broker suppliers for months or more \u2013 long after the goods have been due to be delivered to the end-customer. Most of the disputes are over extended claims for damaged consignments and delayed deliveries. A high number of submitted invoices are held up by such disputes between various parties in the supply chain.<\/p><p>According to IATA, expeditious payments have become a major cost component for all airlines bedevilled with payment acceptance fees, fraud- and risk-related costs, cash flow expenses and the cost of payment processing. Throw currency conversion rates into the mix and it is clear that there needs to be a unified method which is accepted by all, experts insist.<\/p><p>In recent times, with changing regulations, there has been a rise in the availability of a number of electronic payment methods. But there is a danger that this is becoming a complex minefield too.<\/p><p>On the one hand are new payments systems and, on the other, are standalone gateway payments services. All of them have to consider the likelihood of other fees and costs involved, especially as freight shipments may change hands many times during the total delivery process.<\/p><p>On the passenger side, airlines already have the IATA Billing and Settlement Plan (BSP), a system designed to facilitate and simplify the selling, reporting and remitting procedures of travel agents. It was designed to facilitate and simplify the sales, reporting and remittance procedures of IATA accredited passenger sales agents, as well as improving the financial control and cash flow between BSP airlines and travel agents.<\/p><p>In air cargo there is the existing but old Cargo Account Settlement System (CASS), which facilitates the settlement of charges between forwarders and airlines.<\/p><p>Speaking at a recent online conference, Olivier Houri, the European vice-president and chief revenue officer of\u00a0SmartKargo, spoke about various stakeholders involved in the\u00a0cargo payments chain, pointing out that the focus is now on the simplification of payment processing. \u201cThe industry has seen effort being made to facilitate quicker payments for shipments or letting cargo providers to move cargo faster and cut down on payment costs,\u201d he observed.<\/p><p>One key issue is the industry\u2019s need to keep pace with changing market forces such as increasing numbers of customers demanding next-day deliveries. A big obstacle is the presence of as many as 12 \u2018pain points\u2019 across a chain that involves a host of different players. Currently, digital data exchange is severely limited and cash-flow problems exist for many players.<\/p><p>Shipments moved by air currently require an array of accompanied legal documents, such as the shipper\u2019s letter of instruction, not to mention regulatory checks such as accurate descriptions of the type of item being shipped and dangerous goods declarations and packaging.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Payments must be made on time or else, warns the air cargo business. UNCHALLENGEABLE on-time payments for fully executed air cargo deliveries is the latest holy grail for complex supply chain transactions,\u00a0writes Nigel Tomkins. Even as digitalisation starts to get a slow grip on the airfreight industry\u2019s inherent clumsy, paper-strewn, manual processes \u2013 and with &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/qfalliance.com\/index.php\/2022\/11\/09\/blog-4\/\"> <span class=\"screen-reader-text\">BLOG 4<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[1],"tags":[],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BLOG 4 - qfalliance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qfalliance.com\/index.php\/2022\/11\/09\/blog-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BLOG 4 - qfalliance\" \/>\n<meta property=\"og:description\" content=\"Payments must be made on time or else, warns the air cargo business. 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