And the Survey Says…! Global Sourcing Shifts in 2016

Posted by Ryan Gudovitz on Tue, Jul, 26 2016 @ 9:00 AM

It’s no secret that puzzling shifts to the retail landscape have some companies on edge. Sourcing executives are under intense pressure to remain relevant and deliver exciting products to consumers while struggling with declining foot traffic, global competition, and even bankruptcy. Uncertainty also surrounds the U.S. presidential race, which could impact global trade, jobs, businesses, and consumer spending. 

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Topics: Sourcing Optimization, Global Trade Management, Global Supply Chain

The New GTM: Connecting Upstream Decisions to Improve Downstream Execution

Posted by Joe Gabro on Mon, Jul, 25 2016 @ 10:30 AM

Although many companies are engaged in global trade, that doesn’t mean they are getting the most out of their processes or technology systems designed to streamline international business. The new GTM recognizes the increasing complexity involved in global trade, and the need to encompass design, production, and global sourcing decisions as part of the end-to-end scope.

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Topics: Global Trade Management Software, GTM Best Practices, Global Trade 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

Webinar - Connect the Sourcing Silo: How Technology Feeds Sourcing and Logistics Collaboration

Posted by Ryan Gudovitz on Wed, Jul, 13 2016 @ 3:00 PM

Product development and sourcing is inextricably linked to the downstream supply chain activities that follow, like trade compliance and logistics. But these functions have traditionally been siloed – sourcing teams going about their jobs independent of the impact on trade compliance and logistics teams, and vice versa. 

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

Strengthening Retail Supply Chains – Supplier Management Webinar

Posted by Ryan Gudovitz on Fri, Jul, 8 2016 @ 12:03 PM

This year, US retailers have been on a roller coaster ride of economic volatility. According to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis released in May, imports of goods from February to March decreased by $7.9 billion. As a result, many brick-and-mortar stores closed due to cautionary consumer spending on goods such as toys, games, sporting goods, textile apparel and household items.

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Topics: Retail, Supplier Management, Global Trade Management, Global Supply Chain

Duty Management: The Alphabet Soup

Posted by Ryan Gudovitz on Fri, Jul, 1 2016 @ 9:00 AM

NAFTA, CAFTA, TPP, FTZ... How do you spell “Trade?”

All the acronyms used to reference trade and duty programs can sound a lot like alphabet soup. But they represent a variety of opportunities for exporters to grow their business overseas by making their products more affordable in growing markets. Furthermore, FTAs and FTZs allow importers to dramatically lower the duties and taxes they pay. 

Savings from these programs can be significant, and are often measured in the millions to tens of millions of dollars annually. And yet, many shippers don’t participate because the complexity of each unique trade agreement and the difficulty navigating the regulatory intricacies. 

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Topics: Duty Management, Global Trade Management, Foreign-Trade Zones, Trade Agreements

Amber Road Goes to Washington: USFIA’s “Trade is Fashionable” Symposium

Posted by Gary M. Barraco on Tue, Jun, 28 2016 @ 3:43 PM

"I'm just a bill. Yes I’m only a bill. And I'm sitting here on Capitol Hill."

Over 40 years ago, a Saturday morning TV show called Schoolhouse Rock uniquely taught children (and adults) how the US government passes new laws and legislation in a lyrical cartoon with a catchy tune. Even in this animated lesson, the tremendous complexity of laws, regulations and directives is obvious.  Yet most of us are challenged daily to negotiate mountains of legalese in order to conduct business.

In a new benchmark report produced by USFIA and Dr. Sheng Lu of the University of Delaware, executives ranked  compliance with trade regulations among their top three concerns as they finish out 2016 and prepare for next year - an increase from the 2015 survey. 

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Topics: Global Trade Content, Global Trade Management, Events, Global Knowledge, Global Supply Chain, Trade Compliance

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

Booming World of Global eCommerce

Posted by Mollie Leon on Wed, Jun, 22 2016 @ 9:05 AM

With countries like China, India and Brazil experiencing growing middle classes who are interested in buying international products, the growth in global eCommerce is expected to boom.

Cross-border eCommerce is gaining traction with nearly 40 percent of consumers buying goods online from another country.

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Topics: Global Trade Content, Global Trade Management

Best-in-Class Global eCommerce Capabilities

Posted by Ryan Gudovitz on Mon, Jun, 20 2016 @ 9:00 AM

As the world has shrunk and companies have largely moved their presence online, global trade management (GTM) has become a major factor in supporting eCommerce.

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Topics: Global Trade Content, Global Trade Management, Restricted Party Screening