MIC named as Leading Supplier of Global Trade Management Solutions for the Automotive Industry

Customs Filing | Central Classification | Origin Calculation | News 8 November 2013

Premier Global Trade Management (GTM) study by ARC Advisory Group reveals: MIC remains number one for the automotive industry, boasting impressive market share increases

According to the 2013 study conducted by the ARC Advisory Group, MIC not only defended its number one position as provider of GTM solutions for the automotive industry but also gained substantial market share since ARC's last study, conducted in 2010.

MIC currently enjoys a 31.2% market share in the industry. (Source: ARC Advisory Group, Global Trade Management / Global Market Research Study / Market Analysis and Forecast through 2017) This is in comparison to 22.3% in 2010. MIC's comprehensive software solutions and its global coverage, allowed the company to significantly expand its customer base in the industry:

Not only vehicle OEMs such as General Motors, Daimler, Volkswagen, Ford, PSA Peugeot Citroën, FIAT, Hyundai Motor Europe, Scania, Volvo, BMW, Daimler Trucks NA, Magna Steyr have adopted the software, but also Tier One suppliers Delphi and Bosch are among these successful companies who are benefitting from MIC's coverage and experience.

The most popular products in the automotive industry are:

  • MIC-CUST®: MIC's Global Customs Management Tool enabling the automated creation of import and export declarations in more than 45 countries on 5 continents based on one system, one database, one user interface, one maintenance and support center.
  • MIC CCS: MIC's Product Classification Tool which helps companies to precisely classify products to conform to multi-national customs tariff schedules while reducing costs and workload through automated product classification, globally.
  • MIC OCS: MIC's tool for efficient, automated origin calculation and supplier solicitation, supporting more than 75 FTAs.

In addition to its impressive expertise in the automotive industry, MIC increased its ranking across industries, with significant roll outs of products such as excise management and export compliance. In this ranking MIC holds the number two position globally, among the leading suppliers of GTM solutions.

Would you also like to benefit from MIC's unique software solutions? Please contact us at [email protected] for further information.