The Canada Border Services Agency (CBSA) has issued the 2010 Customs tariff. Updates include deleting HTS numbers and making changes to the default and preferential duty rates. These changes affect the entire tariff.
Posted by Caroline Brown on December 29, 2009
The Canada Border Services Agency (CBSA) has issued the 2010 Customs tariff. Updates include deleting HTS numbers and making changes to the default and preferential duty rates. These changes affect the entire tariff.
Posted by Annika Helmrich on December 23, 2009
Happy Holidays from Trade Agreements Blog! I will be out on vacation for the rest of the year.
Topics: Free Trade Agreements
Posted by Caroline Brown on December 23, 2009
Happy Holidays from Trade Compliance Blog! I will be out on vacation for the rest of the year.
Posted by Caroline Brown on December 22, 2009
Under the Domestic Animal Infectious Disease Control Law, Japan will impose an import prohibition on poultry products originating in South Korea. The following HTS chapters are affected: 01, 02, and 16.
Topics: Import Management, Global Trade Content
Posted by Caroline Brown on December 18, 2009
The Trade Compliance Center has sent out some new updates via email:
Topics: Global Trade Management, Import Compliance
Posted by Caroline Brown on December 17, 2009
Management Dynamics, a leading provider of global trade management solutions, today announced that Ocean World Lines (OWL), a leading non-vessel operating common carrier (NVOCC), has launched OWL360°, an order, shipment and inventory tracking portal powered by Management Dynamics’ Supply Chain Visibility solution. This robust and flexible web-based solution allows OWL to provide comprehensive and timely data on purchase orders and shipments across all modes and trade lanes, enabling customers to analyze and improve their supply chain efficiency. Click here to read the full article.
Topics: Press Releases
Posted by Annika Helmrich on December 17, 2009
The Panjiva Blog has a 2010 outlook article on global sourcing. Among their predictions for the coming year:
Topics: Global Sourcing, Global Trade Management, Import Compliance, Free Trade Agreements
Posted by Caroline Brown on December 17, 2009
The BIS has announced that registration is now available for the upcoming Export Control Forum this February.
Topics: Export Management, Import Compliance, Export Compliance, Events
Posted by Emily Thornton on December 17, 2009
Automating the import supply chain today is complicated by new compliance regulations like Customs 10+2 and C-TPAT. In this interview with Global Logistics & Supply Chain Strategies magazine, VP Customs Compliance at Leggett & Platt discusses best practices for import compliance and for transforming a fragmented global procurement approach into a centralized global import process:
Posted by Caroline Brown on December 16, 2009
TSA members have announced the following Bunker levels, effective January 1 - January 31, 2010: $860/40' and $19/metric ton or cubic meter. The following Bunker formula will be effective through March 31, 2010: $348/40' container (WC), $689/40' (EC/Gulf).
Posted by Caroline Brown on December 16, 2009
In November, BBC's Box finished its year-long global journey and landed back in London with some new facts about its round-the-world journey, which I found to be a great illustration of the challenges we all face in our global supply chains. For example:
Topics: Global Trade Management, Supply Chain Visibility, Import Compliance
Posted by Caroline Brown on December 16, 2009
Topics: Import Compliance
Posted by Emily Thornton on December 16, 2009
For those of you that have been following The Box, the story of a shipping container that the BBC has been tracking all over the world for the past 421 days, it's journey is about to come to an end. In 14 months, the Box traveled approximately 51,654 miles (the equivalent of 2.08 trips around the earth!), and carried cargo as diverse as whisky, bathroom scales and tins of cat food.
Topics: Transportation Management
Posted by Annika Helmrich on December 15, 2009
On Monday, the House voted to extend two trade programs for one more year, according to the Journal of Commerce. The General System of Preferences and the Andean Trade Preference Act will expire December 31st and have been enacted for several years.
Topics: Import Management, Export Management, Global Trade Management, Export Compliance
Posted by Caroline Brown on December 15, 2009
Updates have been made to both duty and IPI rates. The following HTS chapters are affected: 29, 84, 87.
Topics: Landed Cost Calculation, Duty Management, Global Trade Content
Posted by Emily Thornton on December 15, 2009
Here's a cool story I found about two competitors working together for a greater benefit: Nestlé and Mars join forces in logistics collaboration. Nestle and Mars are sharing trucks to deliver combined loads of chocolate. In the past 11 weeks, over 60 loads have been combined, and approximately 7,500 miles of duplicate truck journeys have been eliminated. Not only to both companies save money by doing this, the overall environmental impact has been reduced. Big props to Nestle and Mars!
Posted by Emily Thornton on December 15, 2009
Here's a cool story I found about two competitors working together for a greater benefit: Nestlé and Mars join forces in logistics collaboration. Nestle and Mars are sharing trucks to deliver combined loads of chocolate. In the past 11 weeks, over 60 loads have been combined, and approximately 7,500 miles of duplicate truck journeys have been eliminated. Not only to both companies save money by doing this, the overall environmental impact has been reduced. Big props to Nestle and Mars!
Posted by Caroline Brown on December 14, 2009
The Federal Trade Commission (FTC) has accepted proposed consent orders from Panasonic Corporation. The orders are designed to remedy the anti-competitive effects of Panasonic's proposed acquisition of 100% of the voting securities of Sanyo Electric Co., Ltd. Under the terms of the consent agreement, Sanyo will divest its assets relating to the manufacture and sale of portable NiMH batteries to FDK Corporation, a subsidiary of Fujitsu, Ltd.
Topics: Global Trade Content
Posted by Nathan Pieri on December 11, 2009
More and more companies are becoming aware of the need for detailed metrics to track supply chain performance, according to a recent study done by the Georgia Southern University and the University of Tennessee on issues in transportation and logistics.
Topics: Performance Management Reporting, Supply Chain Visibility
Posted by Caroline Brown on December 11, 2009
Taiwan has added and repealed import controls for garlic, meat, and meat products. The affected controls are inspection, import certificate, and import prohibition. The following HTS chapters are affected: 02, 05, 07, 16, 69, 70, and 85.
Topics: Import Management, Global Trade Content
Posted by Emily Thornton on December 11, 2009
Logistics Management's 2009 Next Generation Supply Chain Virtual Conference sessions are now available on-demand. Topics include: the supply chain as a revenue generator, the 14th Annual 3PL study, Technology's role in the green supply chain, transportation management's role in the supply chain, and software as a service.
Posted by Emily Thornton on December 11, 2009
The U.S. Health and Human Services Department’s Food and Drug Administration and Department of Agriculture’s Animal and Plant Health Inspection Service have created a free online tool, called Agriculture CARVER + Shock, which will allow farmers and producers identify vulnerable areas in their supply chains. Stephen F. Sundlof, director of FDA’s Center for Food Safety and Applied Nutrition, is quoted in an American Shipper article about the new tool:
“This assessment tool helps the producer understand how someone intending to disrupt agriculture might think" ... “Producers can easily identify weak spots in their operation and receive practical advice on countermeasures they can put in place.”
To learn more about this online tool, or to download the software, please visit this website.
Topics: Agriculture, Supply Chain Visibility
Posted by Emily Thornton on December 11, 2009
The World Shipping Council has launched a new informational website with the goal of providing the public a better understanding of the shipping industry. The website includes background info on the industry, benefits of liner shipping, challenges, testimonials, and additional resources.
Topics: Transportation Management
Posted by Caroline Brown on December 10, 2009
Topics: Global Trade Management Software
Posted by Emily Thornton on December 10, 2009
Today, importers must deal with end-to-end supply chain accountability and are increasingly challenged to have visibility and control over their supply base and origin operations. Here is a short video gives a good overview of how GTM technology can help companies manage these complexities of going global by automating their inbound processes, improving regulatory compliance and attaining landed cost objectives:
Posted by Emily Thornton on December 10, 2009
Software as a Service (SaaS) solutions have been something that organizations have been turning to for a while, to manage various IT and operational functions in their organization. In a recent Logistics Management article, Software as a Service (SaaS): The versatile supply chain option, Adrian Gonzalez of ARC Advisory Group discusses some of the benefits of using SaaS.
Topics: Transportation Management
Posted by Emily Thornton on December 10, 2009
The Business Performance Management (BPM) Forum and the Chief Marketing Officer (CMO) Council recently did a survey on approximately 400 executives, many from companies worth more than $1B. They determined that while most organizations understand that supply chain collaboration should be a top priority, most have yet to achieve it.
Topics: Performance Management Reporting
Posted by Caroline Brown on December 10, 2009
Management Dynamics Releases New Trade Portals Product Line to Better Integrate Suppliers and Logistics Providers in Global Trade Management Processes
Posted by Caroline Brown on December 9, 2009
Management Dynamics, Inc., a leading provider of Global Trade Management (GTM) solutions, has announced the release of Trade Portals, a new product line to help companies extend purchasing, origin logistics, and compliance processes to their trading partners. By collaborating across a shared process with suppliers, forwarders, logistics providers and brokers, companies can reduce cycle time, lower supply chain execution costs, and better support compliance initiatives such as Customs 10+2. Read the full article.
Topics: Press Releases
Posted by Emily Thornton on December 9, 2009
Recent research shows that the average cost per Importer Security Filing is $30.* With large importers filing 5,000 ISFs or more per year, the cost of compliance totals to upwards of $150,000 and provides no ROI other than penalty avoidance.
In this short video, Ty Bordner, VP of Solutions Consulting at Management Dynamics discusses some of the strategic opportunities that ISF Compliance can present to an organization, including:
*Source: American Shipper ISF Benchmark Study
Topics: Import Management, Supply Chain Visibility, Importer Security Filing
Posted by Annika Helmrich on December 9, 2009
Management Dynamics Releases New Trade Portals Product Line to Better Integrate Suppliers and Logistics Providers in Global Trade Management Processes |
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New Modules for Supplier PO and Origin Management Improve Control Over Execution Processes and Allow Companies to More Easily Support Advanced Notification Requirements |
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EAST RUTHERFORD, NJ, December 8, 2009 -- Management Dynamics, Inc., a leading provider of Global Trade Management (GTM) solutions, today announced the release of Trade Portals, a new product line to help companies extend purchasing, origin logistics, and compliance processes to their trading partners. By collaborating across a shared process with suppliers, forwarders, logistics providers and brokers, companies can reduce cycle time, lower supply chain execution costs, and better support compliance initiatives such as Customs 10+2. As companies re-engineer their supply chains and shift production overseas, they often lose control over the procurement process, especially with regards to how it should integrate with their import compliance programs. Many importers face challenges when trying to manage a remote supply base. Examples include: coordination and management of confirmed orders, the monitoring of ship windows, coordination with origin logistics providers, and integration of the export transaction details with import entries. Management Dynamics’ Trade Portals solution is comprised of three, on-demand, enterprise-class modules including Supplier PO Management, Supplier Solicitation Management, and Origin Management. It is designed to allow importers to configure these points of collaboration with key trading partners including suppliers, forwarders and customs brokers. “With hundreds of suppliers and over 7,500 shipments to manage annually, we needed to empower our suppliers to review purchase orders and create shipments for approval,” John Wainwright, Vice President Customs Compliance, Leggett & Platt. “Management Dynamics’ Trade Portal solution helps us automate the workflow between suppliers and the shipment creation process – from point of purchase order, all the way through pre-customs entry – enabling us to centralize and streamline our global procurement process.” Management Dynamics’ Trade Portal modules are highly configurable, on-demand solutions that can support multiple process variations with the following key capabilities: -Purchase Order life cycle management through shipment to invoice -State-of-the-art dashboard views and workflow tools -A multi-organization and role-based security model to organize suppliers and logistics providers -Multi-lingual support with language preference that can be assigned by user to improve supplier -Flexible integration options including direct XML or EDI connectivity, spreadsheet uploads and web -Document generation engine creates all necessary supporting documentation prior to shipment that -Integration with Management Dynamics’ Supply Chain Visibility, Trade Import and Trade Agreements solutions "Top global supply chain operational initiatives today are focused on extending and synchronizing key execution processes with all trading parties," said Nathan Pieri, SVP Marketing and Product Management for Management Dynamics. "Our new Trade Portals product line targets process gains in supplier collaboration and origin management to deliver key benefits of reducing supply chain execution costs and better supporting new security requirements like Customs 10+2." |
Topics: Import Management, Global Trade Management
Posted by Emily Thornton on December 9, 2009
New Modules for Supplier PO and Origin Management Improve Control Over Execution Processes and Allow Companies to More Easily Support Advanced Notification Requirements
Topics: Supply Chain Visibility
Posted by Caroline Brown on December 8, 2009
The Bureau of Industry and Security has ordered the denial of export privileges for 180 days for the following entities: Corezing International, Kow Seng Lim, Zhenyong Zhou, Jie Luo, Insight Electronics Pte Ltd, and Action Global Co, Ltd. BIS claims they provided suppliers, exporters, and distributors with false information regarding the ultimate destination and end-user of US procured products.
Topics: Export Management, Global Trade Content
Posted by Annika Helmrich on December 8, 2009
On this day in 1993, the North American Free Trade Agreement signed into law by President Bill Clinton.
Topics: Free Trade Agreements
Posted by Annika Helmrich on December 7, 2009
On Wednesday, 153 nations met to discuss the Doha Round, but left with little to no progress, states the Wall Street Journal. The Doha Round plan was created with a mission of opening rich-country markets to import food from the developing world. After eight years, little development has been made. Furthermore, issues such as the drop in trade and the hot topic of protectionism has reduced the enthusiasm to create a plan that everyone agrees with.
Topics: Global Trade Management
Posted by Annika Helmrich on December 4, 2009
Check out these recent articles that feature interviews with Management Dynamics’ executives regarding various topics related to global trade management, trade compliance, and supply chain management:
FEATURED ARTICLES:
Journal of Commerce: Technology’s Survival Kit – September 1, 2009
Nathan Pieri discusses how the Global Trade Management providers have thrived during the recession magnifying the importance of controlling supply chain costs.
Posted by Emily Thornton on December 4, 2009
Management Dynamics' executives will be attending the CBP Trade Symposium next week in Washington, DC. If you are planning on attending, please find us and say hello!
Posted by Annika Helmrich on December 4, 2009
Check out these recent articles that feature interviews with Management Dynamics’ executives regarding various topics related to global trade management, trade agreements, and supply chain management:
FEATURED ARTICLES:
Journal of Commerce: Technology’s Survival Kit – September 1, 2009
Nathan Pieri discusses how the Global Trade Management providers have thrived during the recession magnifying the importance of controlling supply chain costs.
Posted by Caroline Brown on December 4, 2009
Check out these recent articles that feature interviews with Management Dynamics’ executives regarding various topics related to global trade management, trade compliance, and supply chain management:
FEATURED ARTICLES:
Journal of Commerce: Technology’s Survival Kit – September 1, 2009
Nathan Pieri discusses how the Global Trade Management providers have thrived during the recession magnifying the importance of controlling supply chain costs.
Topics: Import Compliance
Posted by Annika Helmrich on December 4, 2009
The Journal of Commerce reports the twelfth month of decline in trade for the NAFTA countries. U.S trade with Mexico and Canada dropped to $57.3 billion, 20 percent lower than in 2008.
Posted by Emily Thornton on December 4, 2009
A new report published by IDC Manufacturing Insights talks about the importance of establishing a high quality supply chain network. In their summary of the report, Supply Chain Brain gives a good overview of why this is such a priority in supply chain management, referencing Kimberly Knickle of IDC:
Topics: Supply Chain Visibility
Posted by Emily Thornton on December 3, 2009
Check out these recent articles that feature interviews with Management Dynamics' executives regarding various topics related to global trade and supply chain management:
Posted by Annika Helmrich on December 1, 2009
The New York Times reports that Peru has recently signed a Free Trade Agreement with four European countries, Switzerland, Norway, Iceland and Liechtenstein.
Topics: Export Management, Global Trade Management, Export Compliance, Free Trade Agreements
Posted by Annika Helmrich on December 1, 2009
The Economist received published an article with statistics about which country files the most complaints to the World Trade Organization(WTO)...and who receives the most trade complaints. Here's what they found.
Topics: Export Management, Global Trade Management