[New eBook] An Executive’s Toolkit for Global Trade Management

Posted by Colleen Bush on Thu, Mar, 26 2015 @ 12:50 PM

As companies continue to look to international markets as a means to grow top line revenues and reduce sourcing costs, international trade has boomed. Unfortunately, with more customers and suppliers spread across more geographies, global compliance and international supply chain challenges have increased. Luckily, global trade management (GTM) has emerged as a viable solution to address these global complexities.

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Topics: Global Trade Management Software, Global Trade Management

Are Your Spreadsheets Limiting Big Data Analytics?

Posted by Colleen Bush on Wed, Mar, 25 2015 @ 2:24 PM

According to a recent study from Accenture, 97% of executives reported having an understanding of how big data analytics can benefit their supply chain, yet only 17% reported utilizing big data in one or more supply chain functions.

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Topics: Supply Chain Visibility, Data Quality Management

Top 5 Supply Chain Events Impacting Supply Chain Visibility

Posted by Lisa Feroli on Wed, Mar, 25 2015 @ 10:50 AM

There is no such thing as a small supply chain disruption, according to an annual report from Resilinc. These disruptions can impact your visibility into the supply chain, among other things. SupplyChainBrain reports the findings of the EventWatch Top 5 Supply Chain Disruption Events of 2014:

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Topics: Global Trade Management, Supply Chain Visibility

American Shipper Webinar: What You Should Know About Selecting a GTM Vendor

Posted by Fariba Ahdoot on Tue, Mar, 24 2015 @ 4:59 PM

Making the choice to buy trade automation software is one of the trickier decisions trade professionals face. Not only is there the decision about whether or not to invest in a system, but also which vendor to use. The landscape of software providers can be confusing, to say the least.

Luckily there are definable steps a company can take to make choosing a GTM software vendor easier and more successful. It starts with a company looking internally, to determine its compliance and trade management needs, and also what type of relationship it wants with its technology partner.

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Topics: Webinars, Amber Road News

Commerzbank Slammed with Anti-Money Laundering Fines

Posted by Lisa Feroli on Tue, Mar, 17 2015 @ 2:49 PM

According to a recent Reuters article, Commerzbank AG, Germany’s second largest lender, has been ordered to pay $1.45 billion to U.S. authorities. This large fine comes after Commerzbank was accused of laundering money through the United States financial system on behalf of black-listed entities – a big mistake in the eyes of U.S. prosecutors. This signifies the importance U.S. Officials put on restricted party screening and strict compliance with these regulations.

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Topics: Export Management, Restricted Party Screening, Export Violations

U.S. Imposes Sanctions Against Venezuelan Officials

Posted by Fariba Ahdoot on Mon, Mar, 16 2015 @ 11:21 AM

On March 9, 2015, President Obama signed a new Executive Order blocking property and suspending entry of certain persons contributing to the “erosion of human rights” in Venezuela. The sanctions are in response to the Venezuelan Government’s "persecution of political opponents, curtailment of press freedoms, human rights violations and abuses in response to anti-government protests.” As a result, travel and trade compliance restrictions have been put in place against seven specific Venezuelan government officials because they "constitute an unusual and extraordinary threat to the national security and foreign policy of the United States."

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Topics: Amber Road News, Export Compliance, Restricted Party Screening

Lumber Importer Gets Floored by Lawsuits

Posted by Colleen Bush on Mon, Mar, 9 2015 @ 1:53 PM

A leader in specialty hardwood flooring is facing strong allegations of excess use of formaldehyde, a known cancer-causing chemical. The company’s low-cost laminate flooring made in China is under investigation after 60 Minutes reported very concrete evidence against the company’s non-compliance with California’s Health and Safety Standards.

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Topics: Sourcing Optimization, Sourcing Analysis, Import Compliance

Facility Compliance Continues to Disappoint in Bangladesh

Posted by Nick Fabretti on Wed, Mar, 4 2015 @ 10:51 AM

Terrible news came in from Dhaka, Bangladesh last month as a factory erupted in flames fueled by flammable chemicals, leaving 13 factory workers dead and adding to the already immense death toll in the thousands over the last five years from factory incidents. The collapse of Rana Plaza and the factory fire of Tazreen in 2012 highlights the countless incidents in which factories have not met the required building standards capable of preventing these fatal incidents.

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Topics: Retail, Supplier Management

Amber Road Acquires ecVision

Posted by Kelsey Barker on Mon, Mar, 2 2015 @ 4:10 PM

Amber Road (NYSE: AMBR) announced today that it has acquired ecVision, a cloud-based provider of global sourcing and collaborative supply chain solutions for brand-focused companies.

ecVision helps many of the largest brand companies in the world to effectively manage their relationships with product suppliers, raw material vendors, product testing and social compliance audit firms, and global logistics companies.  Driven by the need to get the right products to market faster and respond to ever shortening ‘seasonal’ cycles, retail brand companies must collaborate with their suppliers and tier-n material vendors to speed innovation and manage product compliance with fine-tuned control over costs.

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New American Shipper Report: What You Should Know About Selecting a GTM Vendor

Posted by Fariba Ahdoot on Fri, Feb, 20 2015 @ 3:18 PM

American Shipper 2015 GTM Landscape ReportShippers are well aware of the compliance burdens that importing and exporting place on their business. Most are also aware that there are tools to help them automate the time-consuming tasks associated with meeting those regulatory burdens. However, shippers of all sizes need a game plan to help them decide whether they need a Global Trade Management (GTM) system, and then what type of system is best for their organization.

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Topics: Global Trade Management Software, Amber Road News, Global Trade Management