Webinar: Trade Defense Measures & the EU’s Use of Anti-Dumping Duties

Posted by Julia Gorman on Thu, Jun, 22 2017 @ 2:05 PM

The subject of antidumping and countervailing duties can be very intimidating for most businesses involved in international trade. Therefore, it’s important to understand the background behind these unfair trade practices and how governments defend against them.

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Topics: Webinars, Import Compliance, Global Trade Academy

Brexit, EU, and Trump - How to Prepare for Changes in Global Trade

Posted by Joe Gabro on Wed, Jun, 21 2017 @ 10:45 AM

Global trade management is challenging enough, given the complexity of managing and optimizing supply chains today. As global supply chains become increasingly more complex, the challenge of managing the growth while maintaining control increases along with it. Change is constant. However, with Brexit and new U.S. trade and tax policies soon to take effect, companies must be prepared before it's too late.

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Topics: Global Trade Management Software, GTM Best Practices, Global Trade Management

Amber Road is “En Marche!” with French Taxes

Posted by Arne Mielken on Mon, Jun, 19 2017 @ 12:00 PM

On May 14, 2017, the French Republic elected the youngest president of its history, Emmanuel Macron, who promised to reform the country and better prepare it for 21st century challenges. This is a big deal for the global trading community and the EU because France has the world's sixth largest economy by IMF estimates and the tenth largest economy by Purchasing Power Parity figures. It is the third largest economy in Europe.

In the wake of this historic election, there is one particular French trade aspect to consider and whether it’s ripe for reform: the peculiar French indirect taxes. Sure, France may have done away with their king a while ago, but some say France is still the King of Indirect Taxes!

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Topics: Landed Cost Calculation, Duty Management

How Automation Makes Trade with India Better

Posted by Arne Mielken on Fri, Jun, 16 2017 @ 9:00 AM

Free trade agreements (FTAs) help countries export more outside their borders, gain better access to raw materials and vital components, and compete more successfully in the global marketplace. For India and European Union member states, the EU-India FTA faces a tough uphill battle. However, once that battle is overcome, the FTA will increase trade and opportunity between the two powerful regions.

India is an important sales market for Europe; with a population of 1.3 billion it is the fastest growing economy in the world and a key supplier of a wide range of goods and services for many EU partners.  Germany, ahead of India’s Prime Minister’s visit to Europe in late May, made a strong pitch for resuming negotiations for the EU-India FTA. Germany is one of many countries that India terminated its bilateral investment protection treaties (BITs) with, following the country’s release of a new BIT model in December 2015.

If the new FTA is finalized, it will help both sides boost trade, create jobs, increase economic growth, and initiate new business opportunities. Companies need to prepare for the complex compliance processes that an FTA will bring when moving goods across these borders.

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Topics: Duty Management, Foreign-Trade Zones, Trade Agreements

Duty Drawback Success Story: A $1.3 Million Return on Investment

Posted by Suzanne Richer on Wed, Jun, 14 2017 @ 1:13 PM

Duty Drawback represents one of Customs’ most long-standing benefits to firms, as it offers companies a refund of up to 99% of taxes, duties and fees paid when imported merchandise is exported or destroyed within certain timeframes. The concept is simple – match your import entry documents with the corresponding export docs, file for expedited payment processing, and voila! Money will flow into your bank account.

As simple as it seems, drawback regulations are among the most complicated, and it is estimated that $2.8 billion dollars is left unclaimed by companies eligible for refund. Enter Amber Road’s Global Trade Academy – after attending the unique 3-day Duty Drawback Certificate Program, attendees have succeeded in securing incredible refunds for their firms.

One great success story is that of Tammy Anderson, Logistics Supervisor with an electronics firm, who in less than one year was able to secure $1.3 million dollars from her drawback program.  

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Topics: Import Management, Duty Management, Export Management, Import Compliance, Export Customs Filing

Amber Road Transforms Fashion at PI Apparel

Posted by Julia Gorman on Tue, Jun, 13 2017 @ 9:00 AM

Consumers want speed - fashion brands need to deliver or fall behind. The need for speed trickles all the way down to product design. To stay in the game, brands need to fully transform their supply chains in order to streamline operations without sacrificing quality. From product life cycle management to supply chain visibility, brands have turned to technology to ensure flexibility, agility and visibility from conception to delivery.

Amber Road is excited to attend the 2017 Product Innovation Apparel Workshop in New York City from June 22 to 23. PI Apparel serves as a platform for technology and software providers to share the solutions that are disrupting the fashion, apparel and footwear industry.

Amber Road will kick off Day 2 of the conference with a Think Tank session: ‘Maintaining Raw Material Quality Standards During New Product Launches.’ Amber Road’s Cheryl Layne, Customer Success Champion, will lead the session alongside Vera Bradley’s Megan Coale, Business Solution Lead, at 8:30AM in the Seward Room (on the 3rd floor mezzanine).

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Topics: Apparel, Events

Creating a Digital Supply Chain at SCM World Leaders Forum

Posted by Kelsey Barker on Mon, Jun, 12 2017 @ 12:27 PM

Supply chains are changing fast. While there has been little change in the physical movement of goods, customer expectations have risen alongside the Internet of Things, data analysis, the cloud, sustainability, and other competitive pressures. B2C trends are driving B2B; ease, reliability and transparency are now standard requirements. Business needs to reflect on this strategy and focus on growing in a digital world.

Next month, executives at the SCM World Leaders Forum - the annual retreat for the world's supply chain and operations elite in London - will discuss "Mastering the Matrix" of the digital supply chain. Joining the discussion will be Charlie Jenkinson, former vice president of operational excellence at Electrocomponents, as he presents on "Creating a Digital Supply Chain."

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Topics: Supply Chain Visibility, Global Supply Chain, Supply Chain Excellence

AAEI Annual Conference to Investigate How e-Commerce Impacts Global Trade

Posted by Nick Fabretti on Thu, Jun, 8 2017 @ 3:59 PM

Since the Great Recession of 2008, global trade has remained flat while e-commerce has increased 20% per year. While the disruptive force e-commerce has on the economy appears most prominently in the retail sector, this latest digitalization of trade will continue to change industry trade patterns and product distribution for years to come.

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Topics: Import Compliance

Renault-Nissan Alliance Selects Amber Road to Maximize Preferential Trade Benefits

Posted by Julia Gorman on Wed, Jun, 7 2017 @ 12:08 PM

Throughout its 18 years of partnership, the Renault-Nissan Alliance has harnessed its unique business model to increase the value of both companies. Together, Renault-Nissan’s value has expanded on a global level—collectively operating in 122 manufacturing plants around the world with Renault headquartered in Paris, France and Nissan in Yokohama, Japan. As one of the largest global automakers, the Alliance began to recognize missed opportunities with preferential duties and struggled to ensure free trade agreement compliance.

The Renault-Nissan Alliance turned to Amber Road to help optimize its European preferential trade processes. The Alliance will use Amber Road’s Trade Automation solution to ensure compliance with free trade agreements and maximize its utilization of preferential duties. The solution will support import/export processes from European, Turkish and Moroccan sites, taking into account over 40 Free Trade Agreements.

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Topics: Press Releases, Amber Road News

Keeping Pace with the eVOLUTION: Digitizing Your Supply Chain

Posted by Joe Gabro on Tue, Jun, 6 2017 @ 11:00 AM

The world of global trade is fast-paced, always moving, ever-changing, and always evolving. In order to keep pace, your supply chain processes and technology need to evolve too.

Amber Road's global trade management software helps companies transform their global supply chain to improve margins, enable agility, and reduce risk by increasing operational efficiency, reducing direct costs, and creating a faster, leaner, more agile supply chain.

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Topics: Global Trade Management Software, Global Trade Management