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Amazon acquired INLT to fulfil...

COMPLIANCE AND GOVERNANCE

Amazon acquired INLT to fulfill its logistics ambition and solve custom broking issues

Amazon acquired INLT to fulfill its logistics ambition and solve custom broking issues
The Silicon Review
14 October, 2019

Los Angeles-based digital customs broker INLT is a new breed of the logistics services provider. Recently the company was acquired by Amazon to meet its logistics ambitions. INLT is a small team that could’ve been formed by Amazon to develop a similar product. Amazon wants to embed the capabilities of INLT to meet the sellers’ demand for importing goods to the United States on the Amazon platform. The sole aim of Amazon to have a third-party involved in logistics is to make it easier for small and medium-sized enterprises around the world to have complete access to a vast market. There are specific Amazon programs already, which offers fulfillment as a service and warehousing, and now the company wants to solve the custom broking issue for the sellers on its platform.

INLT was founded in 2017, and it provided an option for importers to reduce the cost of custom entry filling by filing custom entry through automation. The company garnered attention as a white-labeled in-house customs brokerage solution, and this allowed the consumers to have online access to entry status and shipments. It is speculated that artificial intelligence and machine learning, along with APIs, will make a significant impact on the viability of customs brokers.

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