Wall Street Journal: Brace Yourselves... Changes Are Coming!

Posted by Joe Gabro on Thu, Dec, 15 2016 @ 12:45 PM

As you are probably aware, the World Customs Organization (WCO) announced updates to the Harmonized System (HS), which means major changes are just around the corner! The Wall Street Journal took notice in their new Morning Risk Report: Changes Coming to Product Classification System.

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Topics: Import Management, Export Management, Product Classification

2017 WCO Harmonized System Changes Infographic

Posted by Mollie Leon on Thu, Dec, 1 2016 @ 9:12 AM

The World Customs Organization (WCO) has announced significant updates to the Harmonized System (HS), which will go into effect in 2017. These changes could have a major impact on your company’s global trade processes and international supply chain. Are you prepared?

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Topics: Import Management, Export Management, Product Classification

EU Bases its Tariff Update on the WCO 2017 HS Changes

Posted by Arne Mielken on Fri, Oct, 28 2016 @ 10:39 AM

With the publication of “COMMISSION IMPLEMENTING REGULATION (EU) 2016/1821 of 6 October 2016 amending Annex I to Council Regulation (EEC) No 2658/87 on the tariff and statistical nomenclature and on the Common Customs Tariff” on October 28, 2016, the European Union has updated its EU Tariff, also known as the Combined Nomenclature (CN). The CN is, in essence, a list of numbers used to identify a description of goods traded with the EU.

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Topics: Import Management, Export Management, Product Classification

Even the eCommerce Giants Lack Export Control Processes

Posted by Gary M. Barraco on Mon, Oct, 24 2016 @ 9:38 AM

Amazon.com has dominated the eCommerce industry since 1995, originating as an online reseller of books.  During Amazon’s first month in business, it received orders from customers in 50 U.S. states and 45 countries across the world.  Today, the company offers over 183 million products and serves more than 224 million customers. 

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Topics: Export Management, Product Classification, Export License Management, Export Compliance, Export Violations

What Really Drives Global Footwear eCommerce?

Posted by Kelsey Barker on Fri, Oct, 14 2016 @ 2:41 PM

Global business-to-consumer e-commerce is growing in leaps and bounds, not only in emerging markets where consumers can find it hard to access coveted and trending products locally, but also as a replacement to brick-and mortar shopping. However, global sales opportunities also present a challenge: to deliver a positive customer experience while combating high shipping fees, hidden costs, inaccurate duties, import and export regulations, and product restrictions.

At FDRA's Footwear Traffic and Distribution Conference in Huntington Beach, CA, next week, don't miss two great presentations by Gary Barraco, Director of Global Product Marketing at Amber Road.

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Topics: Retail, Supplier Management, Global Trade Content, Product Classification, Global Supply Chain

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

Trek Bikes Streamlines Global Trade Operations with Amber Road Solution

Posted by Kelsey Barker on Thu, Aug, 25 2016 @ 9:30 AM

Trek Bikes, a major bicycle and cycling product manufacturer and distributor, has shifted its supply chain visibility and product classification into high gear with Amber Road's Trade Automation solution, aiming to lower landed costs and manage global trade.

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Topics: Contract & Rate Management, Supply Chain Visibility, Product Classification, Order and Shipment Visibility

Webinar Q&A: WCO 2017 HS Changes: Is Your Company Prepared?

Posted by Nick Fabretti on Thu, Jul, 14 2016 @ 1:47 PM

Last month, Amber Road’s Global Trade Academy broadcasted a webinar WCO 2017 HS Changes: Is your Company Prepared? Our presenters, Kristine Bols, Director of Global Trade Content at Amber Road and Suzanne Richer, Director of Amber Road’s Trade Advisory Practice, received several questions throughout the webinar. Unfortunately they did not have time to address them all during the live broadcast. We have compiled their answers into a Q&A document - here is a preview:

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Topics: Product Classification, Export Compliance, Global Trade Academy

WCO 2017 HS Changes: Is Your Company Prepared?

Posted by Nick Fabretti on Tue, Jun, 7 2016 @ 11:43 AM

The World Customs Organization (WCO) has announced significant updates to the Harmonized System (HS), which will go into effect in 2017. These changes could have a major impact on your company’s global trade processes and international supply chain. Are you prepared?

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Topics: Product Classification, Export Compliance, Global Trade Academy

Disregarding Trade Compliance is Risky Business

Posted by Kelsey Barker on Mon, Jun, 6 2016 @ 9:37 AM

A majority of executives are not investing in trade compliance training, despite potential fines, substantial penalties, and jail time, according to survey results released today from Amber Road's Global Trade Academy.

The survey of 300 U.S.-based global companies across a range of revenues and industries found that 56 percent of executives at the companies surveyed are not investing in trade compliance training, even though 28 percent of those companies had already been fined or warned by government agencies for noncompliance.

And while the vast majority (73 percent) have a stated trade compliance plan, 46 percent of surveyed companies didn’t require any training for employees and 28 percent require less than 11 hours of training – leaving a gap between having a plan and the ability to act on it. Furthermore, 55 percent had not standardized their global compliance training and 33 percent do not have a budget for trade compliance training, which opens the door to noncompliance risks as a result of untrained staff.

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Topics: GTM Best Practices, Global Trade Content, Global Trade Management, Import Compliance, Product Classification, Export Compliance, Global Trade Academy