The "-abilities" of Global Trade Management: Variability

Posted by Joe Gabro on Thu, Sep, 1 2016 @ 12:30 PM

Continued from Part 2 of our "-abilities" series

“It is better to be safe than sorry.”  How many times have we heard these words at home and at work?  The mindset implies that it is better to consider precautionary actions rather than be sorry you didn’t. A relatively simple, wise, and precautionary approach; and in supply chain management it is most evidenced when planning inventory, seasonal promotions, or telling a customer when something will be delivered.  Better to under commit and over deliver, than over commit and under deliver.

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Topics: GTM Best Practices, Global Trade Management

Software Can Help Soothe Free Trade Headaches

Posted by Kelsey Barker on Wed, Aug, 31 2016 @ 9:30 AM

Free trade agreements and foreign trade zones offer an attractive opportunity for US importers to reduce or eliminate duties and taxes, but these benefits hide behind a maze of complex protocols, dense paperwork, and red tape. Sourcing and supply chain executives must also balance duty considerations against material quality, production capacity, and number of components. 

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Topics: Duty Management, Supplier Solicitation, Certificate Management, Foreign-Trade Zones, Trade Agreements

Overcoming the Gaps Separating Sourcing from Logistics and Compliance

Posted by Ryan Gudovitz on Mon, Aug, 29 2016 @ 12:00 PM

Let’s put it bluntly: in most companies, sourcing teams are not well connected to their logistics and trade compliance teams. In fact, recent research from American Shipper shows that fewer than 5 percent of companies have a single platform linking key sourcing activities with freight transportation.

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Topics: Global Trade Management Software, Global Sourcing, Sourcing Analysis, Global Trade Management

All the Right Moves: Importers Turn to Self-Filing

Posted by Ryan Gudovitz on Fri, Aug, 26 2016 @ 12:15 PM

Brokers have, and always will, play a key role in most import organizations, but new research from American Shipper shows importers taking more interest in self-filing amid an ever-changing import environment.
 
American Shipper’s
new Import Benchmark Study, produced in partnership with BPE Global, looks at how mandatory implementation this year of the Automated Commercial Environment (ACE), possible new sweeping free trade agreements, the new drawback law, and complex global regulatory regimes are influencing the decision to take import compliance functions in-house.
 

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Topics: Global Trade Management Software, Import Management, Global Trade Management, Import Compliance

Trek Bikes Streamlines Global Trade Operations with Amber Road Solution

Posted by Kelsey Barker on Thu, Aug, 25 2016 @ 9:30 AM

Trek Bikes, a major bicycle and cycling product manufacturer and distributor, has shifted its supply chain visibility and product classification into high gear with Amber Road's Trade Automation solution, aiming to lower landed costs and manage global trade.

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Topics: Contract Management, Supply Chain Visibility, Product Classification, Order and Shipment Visibility

Video Series Chapter 2: Supply Chain Collaboration Solutions

Posted by Ryan Gudovitz on Wed, Aug, 24 2016 @ 10:00 AM

Continued from Chapter 1: The Challenges of Global Trade

Companies that rely heavily on manually intensive processes struggle to get their products from concept to creation in an efficient manner. With multiple product lines and changing consumer demands, the sourcing and production phases within the product lifecycle require close collaboration between companies and their buyers and suppliers. A lack of communication can lead to bottlenecks and increased costs. It’s imperative for companies to find a way to effectively collaborate with their suppliers to ensure success.

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Topics: Global Sourcing, Product Development, Production Tracking, collaborative product design

Evolution of Supply Chain Solutions - GTM in 2016 and Beyond

Posted by Mollie Leon on Fri, Aug, 19 2016 @ 8:38 AM

The scope and capabilities of global supply chains and the tools for managing them have evolved significantly over the past two decades, from simple desktop applications focused on generating and printing export documents, to cloud-based, enterprise-class solutions focused on a broad spectrum of import and export processes.    

During the great industrial age, companies focused on improving relatively simple, but very labor-intensive processes. In contrast, global supply chain engineering today allows manufacturers to manage extraordinarily complex international networks.

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Topics: Global Trade Content, Global Trade Management

What's Next for Global Trade Management?

Posted by Nick Fabretti on Wed, Aug, 17 2016 @ 1:24 PM

The term “global trade management” is expanding and growing as quickly as technology can keep up. Automation is capable of streamlining much of the complexities surrounding sourcing and global trade. To learn how, don’t miss Gary Barraco, Director of Global Product Marketing, and Cheryl Layne, Director of Customer Success, discuss The New Definition of Global Trade Management at Retail Delivery Connect next week in Coral Gables, FL.

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Topics: GTM Best Practices, Global Trade Management

Is Your Company Taking Advantage of Duty Drawback Claims?

Posted by Nick Fabretti on Fri, Aug, 12 2016 @ 9:06 AM

It is estimated companies overlook up to $2.5 billion in eligible duty drawback claims, even when they are qualified to file for these tax refunds. U.S. Customs and Border Protection (CBP) refunds up to 99% of import duties paid; your firm may be eligible even if you are not the original importer or exporter of a good, but meet the requirements of the program.

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Topics: Duty Management, Global Trade Academy

How to Prepare for China’s New Standardized Customs System

Posted by Colleen Bush on Thu, Aug, 11 2016 @ 12:04 PM

It is no secret that conducting trade in China can be rather difficult and complex, but that might all change with China’s brand new standardized Customs system.  This automated system was created by China’s General Administration of Customs (GAC) in order to simplify trade by unifying Customs and standardizing nationwide enforcement of declaration issues, classification and valuation. The pilot program began in Shanghai in June, with a goal of national implementation by 2020.

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Topics: China Trade Management, Duty Management