Improve Your Trade Compliance Training Program

Posted by Mollie Leon on Fri, Oct, 7 2016 @ 8:50 AM

Multinational companies are not investing in trade compliance training for their employees. Amber Road’s Global Trade Academy conducted a survey to better understand the trade compliance programs and training needs of companies.

Close to 70% of companies stated they had on-going compliance training for employees. Yet only 48% have an annual employee training budget. This discrepancy may be due to using internal resources instead of external training resources.

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Topics: Import Management, Export Management, Global Trade Management, Global Trade Academy, Risk and Quality Management

EU Proposes to Modernize its Dual-Use Regulation

Posted by Arne Mielken on Thu, Sep, 29 2016 @ 10:15 AM

The EU has an extensive dual-use industry that brings together thousands of small, medium, and large-sized companies that provide highly valued jobs and know-how, including significant R&D work. According to the European Commission, dual-use items are often high-tech products and have ramifications across a wide range of key sectors of the EU economy; they include leading edge technologies that are crucial to the EU's drive towards innovation and competitiveness. In 2014, the total value of controlled dual-use exports reached EUR 59 billion, representing 3.4% of total EU exports to third countries. Few exports were actually denied, representing a negligible portion of total EU exports.

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Topics: Export Management, Export License Management, Export Compliance

Amber Road to Discuss Product Classification at the AAFA Footwear Forum

Posted by Mollie Leon on Fri, Sep, 23 2016 @ 9:16 AM

Even the most innovative, perfectly constructed and tested, best priced product still needs to make its way into the country where it will be setting trends. Accurately classifying goods is essential to ensuring that cross-border trade runs smoothly. Tariff engineering and classification management, if done right, can also provide leverage for greater cost savings. 

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Topics: Apparel, Import Management, Export Management, Product Classification

Trade Wizards: Simplify, Automate, and Streamline Your Global Trade Operations Online

Posted by Colleen Bush on Thu, Sep, 15 2016 @ 8:00 AM

With over 190 countries in the world actively involved and regulating trade, it is increasingly complex and time consuming to understand all of the requirements to legally ship to or source from a given country. The challenge for organizations in today’s global economy is to maintain compliance with changing trade regulations while managing a growing network of trading partner relationships and still get product to market at the lowest delivered cost.

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Topics: Export Management

Fundamentals of Centralized Global Trade Compliance

Posted by Mollie Leon on Mon, Jul, 18 2016 @ 8:52 AM

The field of global trade compliance requires a combination of centralized reporting and distributed execution. This allows organizations to benefit from unified policies, control, and measurement while maintaining agility to implement compliance activities and processes that vary greatly across different geographies and product domains. 

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

What You Need to Know About SOLAS and the Container Weight Requirement

Posted by Colleen Bush on Tue, Jul, 12 2016 @ 2:07 PM

As you are well aware, the SOLAS container weight rule went into effect on July 1, 2016, with a transition period through October 1. This new requirement states that an accurate container weight must be provided prior to loading upon an ocean vessel.

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Topics: Import Management, Document Management, Export Management, Transportation Management

The British Vote Brexit: How Will This Impact Global Trade in EU and US Companies?

Posted by Nick Fabretti on Thu, Jul, 7 2016 @ 2:28 PM

As you have heard by now, the British public voted in favor of Brexit. Of the British electorate, 51.9% casted their vote in favor of Brexit, with a higher-than-expected overall turnout of 72.2%.

So what does this mean for the future of the UK, EU and global trade?

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Topics: Export Management, Export Compliance

The Keys to Effective China Trade Operations

Posted by Mollie Leon on Wed, Jul, 6 2016 @ 9:30 AM

China’s dominance as the world’s top country for sourcing hasn’t swayed under the pressures that have been the topic of discussion in the boardroom, on the campaign trail, around the dining room table, or during trade negotiations in nearly every country around the world. China has maintained its place as the foremost manufacturing hub and continues to gain momentum as the premier outsourcing destination for low-cost and fast manufacturing.

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Topics: China Trade Management, Import Management, Duty Management, Export Management

Follow Ingersoll Rand’s Path to Premier Performance

Posted by Kelsey Barker on Thu, Jun, 23 2016 @ 2:08 PM

It’s no secret that a well-executed, fully integrated enterprise trading platform model can be the key to operational excellence. When that platform leverages a single ERP to standardize key business processes and govern relationships between source locations and customers, best-in-class companies see some impressive results.

Ingersoll Rand, a global industrial company, uses Amber Road’s Trade Automation platform to streamline its import and export processes, and enjoys increased visibility and agility, reduced logistics and operational costs, shortened lead times, and assurance in their global trade compliance initiatives. Ingersoll Rand has also seen dramatic improvements in how customers are served while facilitating and enabling accelerated growth. The company’s trading platform has added incalculable business value and competitive advantage.

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Topics: Import Management, Export Management, Global Trade Management, Supply Chain Visibility

Benchmark Your Trade Compliance Training Program

Posted by Mollie Leon on Wed, Jun, 1 2016 @ 9:02 AM

Multinational companies are not investing in trade compliance training for their employees, even as organizations and individuals that fail to comply with trade regulations face substantial penalties. Amber Road’s Global Trade Academy conducted a survey to better understand the trade compliance programs and training needs of companies engaged in international commerce and trade across a wide range of industries.

Of the 322 executives from 312 U.S.-based companies surveyed, 56% of the respondents stated their organization is not investing in trade compliance training, even though 28% of all these companies have been fined or warned by government agencies for noncompliance.

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Topics: Import Management, Export Management, Global Trade Management, Global Trade Academy, Risk and Quality Management