7 Approaches to Strategic Importing 

Posted by Lisa Feroli on Fri, Sep, 18 2015 @ 8:53 AM

The focus today for most importing companies is cost reduction. However, addressing imports strategically can enable a company to proactively improve import operations, reduce bottlenecks, grow profits and further add to the bottom line. In a recent article with Supply Chain Digest, “Moving Beyond Costs to a Strategic Import Approach,” Anthony Hardenburgh, vice president of global trade content, discusses the seven pieces necessary to create a strategic importing approach.

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Topics: Import Management, Import Compliance

[Exclusive Webinar!] Supply Chain Innovations Featuring Stanford’s Dr. Hau Lee

Posted by Colleen Bush on Thu, Sep, 17 2015 @ 9:51 AM

Supply chain management is a fast evolving discipline of business and increasingly vital to shareholders’ interests. Still, however, many practitioners and their counterparts across the business fail to connect the benefits of excellence in supply chain to strategic advantage. With the accelerated change brought by digitization this gap could easily widen.

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Topics: Webinars, Amber Road News, Global Trade Management, Supply Chain Visibility

Supply Chain Excellence Acknowledged As a Significant Game Changer in 2015

Posted by Ryan Gudovitz on Wed, Sep, 16 2015 @ 12:33 PM

Another year has passed and it comes as no surprise that supply chain excellence is at the top of everyone’s priority list. For the second consecutive year, Supply Chain Insights LLC revealed the list of companies that are showing noteworthy progression in supply chain performance against the market.

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Topics: Global Supply Chain

Risk in the Supply Chain: Recovering From Disaster

Posted by Nick Fabretti on Tue, Sep, 15 2015 @ 1:22 PM

Traditional methods for managing supply chain risk rely on knowing the likelihood of occurrence and the magnitude of impact for every potential event that could materially disrupt a company’s operations. This becomes much more difficult when high-impact, mega disasters occur. The reality of catastrophes, whether environmental or self-inflicted, is that there isn’t much time for preparation within your supply chain, if any.

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Topics: Retail, Apparel, Supplier Management, webinar

[SCM World Webinar] Tap Into A Hidden Source of Value with Global Trade Management

Posted by Kelsey Barker on Fri, Sep, 11 2015 @ 11:52 AM

Many companies perceive customs duties, tariffs and other aspects of global trade as primarily a compliance issue. However, according to SCM World’s July research study, companies with that viewpoint risk leaving millions of dollars in annual "hidden" duty savings on the table and forgoing the smoother facilitation of market growth plans that a professional global trade management capability can deliver.

Join Amber Road and SCM World for a live webinar on Thursday, October 1, at 2:00 PM EST, to delve into SCM World’s brand new report. Presenters will explore real-life scenarios that accurately depict the challenges companies face when factoring trade into the landed-cost analysis.

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Topics: Global Trade Management, Import Compliance, Export Compliance

How Apparel & Footwear Companies Can Save Big with Foreign Trade Zones

Posted by Ryan Gudovitz on Wed, Sep, 9 2015 @ 2:26 PM

In 1934, Congress passed the Foreign Trade Zones (FTZ) Act to help importers, distributors, manufacturers and other shippers to defer, eliminate or reduce significant duties on imported goods.1 The government hoped to stimulate economic growth by allowing companies to operate in a specially designated duty-free area, outside U.S. Customs territory.

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Topics: Retail, Apparel, Webinars, Duty Management, Foreign-Trade Zones, Footwear, Global Supply Chain

American Shipper’s 2015 Import Benchmark Report - Eyes Wide Shut

Posted by Fariba Ahdoot on Tue, Sep, 8 2015 @ 10:25 AM

How much will it cost me? Many importers view cost as an important metric when it comes to transporting and clearing their goods, but is that the best approach?

American Shipper in conjunction with BPE Global conducted a survey of 172 qualified respondents between June 22 and July 22, 2015 to discover why importers are fixated on the import costs rather than the strategic value of managing import operations. The survey results indicate that cost-related issues are the top import concerns. Although duties, purchased transportation costs, and customs delays all mean cash to an organization, research indicates “the strongest importers see through these costs to focus on being better than their competition, whether that means leveraging mechanisms to lower duties, investing in compliance staff and technology, or structuring their organization so that decision-making includes compliance, logistics, and tax departments.”

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Topics: Amber Road News, Import Compliance

4 Best Practices for a Preferential Trade Program

Posted by Lisa Feroli on Fri, Sep, 4 2015 @ 11:12 AM

Minimizing duties, taxes and tariffs is one of the fastest and easiest ways to squeeze significant financial returns out of a company’s global supply chain. Yet, according to a recent SCM World Survey, most companies “only became aware of the opportunity as a result of problems that emerged as their companies increased international sales and found new sources of supply.” The result is that few companies use these tactics in making supply chain design decisions.

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Topics: Global Trade Content, Trade Agreements

[Upcoming Webinar] C-TPAT Validation Success

Posted by Lisa Feroli on Thu, Sep, 3 2015 @ 12:3 PM

Customs and Border Protection’s (CBP) Supply Chain Security Specialists (SCSS) are focusing on new trends in C-TPAT validation meetings, and incorporating their training from CBP’s Centers of Excellence and Expertise (CEE) into the validation meeting. Are you prepared?  

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Topics: GTM Best Practices, Import Compliance, webinar

How Does JACOBS DOUWE EGBERTS Reduce Risk for its Worldwide Coffee & Tea Business?

Posted by Kelsey Barker on Tue, Sep, 1 2015 @ 1:0 PM

Trade regulations and restricted party lists are constantly changing, and many global companies now realize that automated, reliable restricted party screening is an essential part of any comprehensive compliance program. With this insight in mind, global coffee and tea company JACOBS DOUWE EGBERTS has signed a worldwide contract for an automated restricted party screening (RPS) solution.

JACOBS DOUWE EGBERTS is in the process of developing a global corporate compliance strategy and has targeted restricted party screening as the first step towards comprehensive protection.

As one of the world’s largest pure-play coffee and tea companies, Netherlands-headquartered JACOBS DOUWE EGBERTS is the center of an extensive global supply chain. It holds market-leading positions in 18 countries globally as well as a strong emerging market presence. This adds up to hundreds of thousands trading partner entities, all of which will be screened by the Amber Road Restricted Party Screening solution.

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Topics: Import Compliance, Export Compliance, Restricted Party Screening