Missed Import Compliance Opportunities

Posted by Kelsey Price on Tue, Aug, 12 2014 @ 5:55 PM

Trade related controls must be a part of any relationship between a company and its supply chain partners. Importers must collaborate with extended trading partners (suppliers, customs brokers, carriers, etc.) to ensure complete and accurate information accompanies inbound shipments and documents, and that other information is readily available to the parties that need it. Companies must also stay abreast of dynamic country-specific import regulations to avoid regulatory violations and penalties. Poor planning and execution leads to delays at Customs and increased costs.

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Topics: Landed Cost Calculation, Supplier Management, Import Management, Document Management, Import Compliance, Product Classification, Trade Regulatory Content

Don't Miss Next Week's Webinar: Best Practices for China Trade Operations

Posted by Kelsey Price on Fri, Aug, 8 2014 @ 12:4 PM

China’s trade regulations can be particularly daunting, a major concern considering the sheer number of companies with operations in the world’s top exporting nation. Understanding China’s trade framework is crucial to support a compliant and efficient supply chain.

Companies are starting to turn to China Trade Management (CTM) software solutions to help them take advantage of China’s Processing Trade program, in particular – no surprise, since the program can help shippers reduce product cost by 25 percent or more.

Discover best practices in China trade operations during American Shipper's webinar, From GTM to CTM: A Closer Look at China’s Processing Trade Program and Cross-Border Supply Chain on Thursday, August 14, at 10AM EDT.

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Topics: China Trade Management, Webinars, Amber Road News, Sourcing Optimization, Import Management, GTM Best Practices, Duty Management, Import Compliance, Foreign-Trade Zones

[On-Demand Webinar] The Financial Implications of Global Supply Chain Management

Posted by Colleen Bush on Fri, Aug, 8 2014 @ 10:6 AM

Did you miss our webinar on The Financial Implications of Global Supply Chain Management? Don’t worry - it is now available on-demand!

This webinar explores the causal relationship between the execution of global supply chain strategies and a company’s financial results. Operational examples highlight how companies have leveraged global trade management solutions to optimize landed costs, lead times, and inventory.

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Topics: Webinars, Amber Road News, Supply Chain Visibility, Order and Shipment Visibility

Microsoft Gains a First-Mover Advantage with the Shanghai PFTZ

Posted by Colleen Bush on Thu, Aug, 7 2014 @ 2:46 PM

Get your headsets ready because the Xbox One is coming to China! Microsoft will be the first company to sell video game systems in China in over a decade. The company will gain a first-mover advantage in China’s $13.4 billion video game market of over 700 million gamers.

By establishing operations in the Shanghai Pilot Free Trade Zone (PFTZ), Microsoft can bypass a 2002 ban on the sale of video game consoles. The PFTZ was created in order to provide an experimental field for policy and administrative reforms designed to facilitate trade and simplify China’s complex trade regulations. The PFTZ greatly eases market restrictions on a range of previously banned industries.

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

Russian Sanctions Will Soon Affect Businesses in U.S. and Europe

Posted by LizAnn Nealing on Mon, Aug, 4 2014 @ 9:23 AM

Companies in the United States and Europe are going to have to react quickly to new sanctions being imposed against Russia due to its support of the Ukrainian separatists thought to be responsible for the attack on Malaysian flight MH17. Further, many companies will be unsure of how these sanctions will affect them even once they are put into effect.

The sanctions against Russia will include restrictions on the trade of specified goods, an arms trade embargo, a ban on the export of dual-use goods for military, and restrictions for Russians on certain technologies in the energy field. If a company fails to comply with these restrictions, penalties can include heavy fines, a loss of export privileges, and even jail time if the action is deemed intentional.

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Topics: Export Management, Restricted Party Screening

[Now Available!] American Shipper’s 2014 Import Operations and Compliance Benchmark

Posted by Colleen Bush on Wed, Jul, 30 2014 @ 10:10 AM

Although importers are becoming savvier in managing their global import operations, their advances in sophistication and technology deployment are being offset by increased external complexity. Importers seem to be forever chasing a moving target.

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Topics: Sourcing Optimization, Import Management, Import Compliance, Entry Management

Your Guide to the Shanghai Pilot Free Trade Zone Reform [Free White Paper]

Posted by Colleen Bush on Tue, Jul, 29 2014 @ 10:3 AM

The Chinese government officially established the Shanghai Pilot Free Trade Zone (PFTZ) on September 29, 2013 in order to provide an experimental field for policy and administrative reforms designed to facilitate trade and simplify China’s complex trade regulations. Companies who take advantage of the PFTZ will be able to speed up the entry of goods from overseas as well as reduce the cost of transporting goods.

The PFTZ will help Chinese government agencies strike a balance between enforcement and trade facilitation. Since the trade operations outside of the PFTZ will be quite different from those within the zone, the aim is to evaluate the PFTZ results and replicate the successful government mindset changes to the rest of China so that they can devise their own policy and administrative reforms.

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

Webinar Q&A: Minimizing Exposure, Liability, and Risk in Trade Compliance [Revisited]

Posted by LizAnn Nealing on Mon, Jul, 28 2014 @ 8:36 AM

Last month, Amber Road hosted a popular webinar entitled, Minimizing Exposure, Liability, and Risk in Trade Compliance [Revisited]. You can access a recording of this webinar on our Resource Library.

Our presenters, Doug Young of OpenText Corporation, Phil Rhoads of Rhoads & Reed, and John Priecko of Trade Compliance Solutions, received some great questions during the webinar. Since they were unable to answer all of them during the live broadcast, we have posted all of their answers online. Here are a few highlights!
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Topics: Webinars, Amber Road News, Export Management, Export Compliance

[Upcoming Webinar] Successfully Managing Import and Export Compliance in China

Posted by Christina Hummel on Tue, Jul, 22 2014 @ 1:40 AM

CTM-webinar-250x250Join Amber Road for a complimentary webinar on Successfully Managing Import and Export Compliance in China, broadcasting live on Wednesday, July 30, at 2:30pm CET.

You will learn how to optimize your compliance processes and effectively deal with the challenges of China trade operations while exploring the challenges European companies face in their trade operations in China. Our presenters will discuss the following:

  • The China trade landscape
  • How to use our self-assessment toolkit to gauge your China trade operations
  • What solutions are available to help you automate and manage your imports and exports in China
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Topics: China Trade Management, Import Compliance, Export Compliance

U.S. Crude Oil Fuels Ongoing Export Debates

Posted by Colleen Bush on Mon, Jul, 21 2014 @ 11:45 AM

Your daily commute isn’t the only thing that oil has been fueling as of late. The U.S. oil industry is in the midst of an ongoing debate whether to lift a 1975 ban on the exportation of crude oil.

This four-decade-old ban on U.S. crude oil exports was imposed by Congress in response to the 1973 Arab embargo and a dwindling of domestic oil reserves. Since then, new technologies have enabled U.S. oil production to top 8 million barrels a day, the highest since 1988. In fact, the U.S. is now the world’s largest producer of crude oil.

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Topics: Export Management, Export Compliance