AI Hallucinates, Trade Doesn't: How CATTS Founders Turn Data Chaos into Compliance Clarity

 Peter and Nick Bolters, founders of CATTS, discuss the evolution from paper-based trade to digital systems, emphasizing the need for technology to keep up with changing regulations. They highlight the importance of understanding data context and the challenges of integrating disparate systems. The conversation also touches on the role of AI in trade compliance, the potential of blockchain, and the increasing responsibility of traders in ensuring accurate declarations. The episode concludes with a focus on the importance of international partnerships between trade and authorities. Key Points of the Simply Trade Podcast Episode with CATTS Founders: 1. Transition from paper-based to digital documentation 2. Challenges of generic AI tools in trade classification 3. Growing alignment between international customs authorities 4. E-commerce and Future Trade Challenges 5. Key Compliance Strategies Contact the experts featured: https://catts.eu/about-us/contact/  In the midst of all this chaos, education is your best ally. Access Exclusive Resources Here ⏬ Recommended Resources: Check out these courses we offer here at GTC! 👀🌎 📩Importing https://globaltrainingcenter.com/importing-procedures/  😵‍💫Tariff Classification https://globaltrainingcenter.com/tariff-classification/  🗺️Country of Origin https://globaltrainingcenter.com/country-of-origin/  👓🧠Surround yourself with other trade professionals: Join our Trade Geeks Community!  https://globaltrainingcenter.com/trade-geeks/    Connect with Simply Trade Podcast: - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/ - Twitter: https://twitter.com/SimplyTradePod - Website: https://globaltrainingcenter.com/simply-trade-podcast/   Contact Us/ Suggest Topics Contact: [email protected]   Credits: Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/ Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/