PIERS Trade Intelligence Is Unique for Reliability, Enhanced Detail, and Usefulness
Raw data from ships’ manifests must be verified and translated into meaningful information for business.
PIERS Global Intelligence Solutions is the sole source for the most timely, accurate, comprehensive information available on waterborne trade through U.S. and key Asia-Pacific ports.
PIERS begins with data gathered directly from the hardcopy and electronic manifests and bills of lading that document import-export activity for Customs authorities in the U.S. and trading partner countries in the Asia-Pacific region.
PIERS adds value:
PIERS reporters in 48 U.S. ports check the raw numbers against their practiced observation, verifying the records for accuracy and investigating anomalies.
PIERS personnel, who are authorized and specially trained by the U.S. National Insurance Crime Bureau (NICB), record vehicle identification number (VIN) data.
PIERS information specialists translate the gathered code files into informative shipping records laid out in a format that was developed by PIERS and has become the industry standard. <See the illustration at right>
Before it is published, the trade data is subjected to a series of audits, developed by PIERS to identify, investigate and fix incorrect data . [Also see PIERS Trade Data Quality.]
PIERS assigns harmonized tariff codes and PIERS commodity codes to all manifest commodity descriptions.
PIERS estimates the value of cargoes – using reference tables based on the origin and destination, cargo values and weights of the U.S. Department of Commerce and U.S. Census Waterborne Databanks.
Transaction detail is enhanced with background information on the trading parties from leading business data sources, including D&B.
PIERS analytic tools and proprietary models yield commercial flows, trade imbalances, tradelane/market shares, and short-/long-term projections.
PIERS IT puts this unique resource at your disposal whenever and wherever you need it – with Web-based access and electronic delivery options, with customized datasets, flexible report generation, and powerful search capabilities.
PIERS adds over 300,000 professional staff hours per year of value to raw data.