Joe Gabro on Fri, Mar, 10 2017 @ 10:15 AM
The moment you make the decision to export your products, they become subject to a wide array of controls that go beyond whether an item is permitted into or out of certain countries. Companies must be able to analyze and understand international business rules to ensure compliance with government regulations. Exporting to undesirable or restricted entities can lead to significant fines, criminal penalties, and even the loss of export privileges. But how serious of an issue is this? Really? Earlier this week we learned just that from ZTE’s record-setting export control violation.
There is a lot to be worried about in 2017 for those companies reliant on global trade. You are encountering the anticipated shifts in worldwide trade policies stemming from a series of governmental changes (such as the U.S. election), last year’s trade volumes and retail sales hitting bottom, transportation and logistics companies running aground, brick and mortar stores turning out the lights for good, and everyone being asked to do less with more.
Joe Gabro on Thu, Jan, 12 2017 @ 10:00 AM
Global e-commerce is growing in leaps and bounds, particularly in emerging markets, where consumers can find it hard to locate affordable imported products in local shops. As the trend of cross-border commerce increases, many companies are embracing e-commerce to fulfill the demands of customers worldwide seeking products not available at local brick-and-mortar stores. However, these significant global sales opportunities also present the challenge to deliver a positive customer experience while combatting high
shipping fees, hidden costs, import and export regulations, and product restrictions.
Joe Gabro on Thu, Dec, 15 2016 @ 12:45 PM
As you are probably aware, the World Customs Organization (WCO) announced updates to the Harmonized System (HS), which means major changes are just around the corner! The Wall Street Journal took notice in their new Morning Risk Report: Changes Coming to Product Classification System.
Continued from Chapter 9: Validating the Return on Investment
Global trade has become increasingly complex over the past decade. In order to remain competitive and continue to grow, organizations must take full advantage of the global economy. Unfortunately, many global trade executives admit they have serious difficulty managing their international supply chain.
Fortunately, real help is available!
Experiencing supply chain disruptions these days is like watching the butterfly effect at Mach speed. One delicate wing flap in any part of the process and the whole supply chain erupts into chaos across the globe. This year alone, supply chains are riddled with unexpected disruptions. In January 2016, analysts predicted big trade upticks but the forecasts fell short all year because global trade has been hit with multiple, unforeseen interruptions, sending importers and exporters scrambling to stay on course.
Joe Gabro on Wed, Nov, 30 2016 @ 12:45 PM
Continued from Chapter 8: Training and Advisory Services
Trade compliance is critical to ensuring that an organization’s international orders and imported goods comply with the trade regulations of both the country of export and the country of import. Yet only a small percentage of global companies have implemented a formal trade compliance program for their global shipments.
The ninth video in our series explores how companies can lower cost and increase efficiency to achieve a sustainable competitive edge.
Joe Gabro on Wed, Nov, 16 2016 @ 1:30 PM
Continued from Chapter 7: Global Knowledge®
An ever-increasing demand to do more with less means companies are directly turning to automation to streamline their operations and to ensure greater efficiency. However, the best content and practices in the world are only useful if you have people in place who understand it and can put it to use.
Continued from Chapter 6: Trade Compliance
Organizations buying or selling goods globally are overwhelmed with the mountain of legalese and red-tape required to establish and maintain compliance with government regulations. Language barriers and rapidly changing information add to the existing complexity of global trade.