HAKOVO

Company
OUR VISION -
DIGITALISING TRADE

A single-platform unified customs clearing house for greater ASEAN regional centralised trade compliance and enhanced customs processing

smart tracking

Company mission

We strive to simplify customs declarations and compliance through digital transformation and AI technology.

OUR VISION

We aspire to create a uNIFIED Customs Clearing House (uCCH) platform for trade compliance and documentation, while improving the visibility and traceability of cross-border supply chains.

By automating processes in customs clearance and data classification, we seek to improve productivity, reduce error and costs, avoid delays and increase revenue.

Specifically, our solutions:

  • Improve document efficiency by reducing time taken and costs at customs offices;
  • Minimise hassle, delays and rework of documentation;
  • Increase declaration accuracy and trade compliance;
  • Enhance cargo visibility;
  • Optimise duty and tax; and
  • Boost end-to-end cross-border supply chains.

OUR VALUES

Optimising current assets through AI technology

Developing new sales channels

Enhancing operational excellence

Insights

The ASEAN Economic Community (AEC) was established in 2015. The AEC is a major regional economic integration agenda in ASEAN, offering opportunities in a huge market of US$2.6 trillion and over 622 million people. AEC Blueprint 2025 was adopted the same year. The Blueprint guides the strategic initiatives for the AEC from 2016 to 2025.

However, an EU-ASEAN Business Sentiment Survey published in September 2022 showed that businesses still faced critical issues importing goods into ASEAN:

Many barriers on cross border management include customs clearance, regulations, traditional document management and processes. In the same survey, 78% expect ASEAN trade and investment to increase over the next five years, but lack of harmonisation of standards ranked as the #2 challenge of trade and investment in ASEAN. Complex customs procedures for intra-ASEAN movement of goods ranked as the #4 challenge.

Ready to join
the future?

Discover how technology can enhance your shipping experience. Join the thousands of companies from across Asia who trust HAKOVO as their trade and compliance partner.

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