Small and Mid-Size U.S. Businesses Experience More Barriers to Entry with European Union

Posted by LizAnn Nealing on April 24, 2014

The United States International Trade Commission recently released a report stating small and medium-sized U.S. businesses are disproportionately affected by certain trade barriers with the EU as compared to their larger counterparts. Several factors contribute to this discrepancy, especially cost; most expenses in international trade compliance are fixed regardless of company size and quantity of items shipped. This dramatically limits the trade process for small and mid-size companies.

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Topics: Export Management, Contract & Rate Management, Transportation Management, Export Compliance

Amber Road's IPO Day

Posted by LizAnn Nealing on April 22, 2014

Amber Road is now a publicly traded company! It listed as AMBR on the New York Stock Exchange on March 21, 2014. The video below captures the excitement of the company's initial public offering from the floor of the NYSE to its offices around the globe.

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Topics: Global Trade Management Software, Global Trade Management

Mailroom Mix-Up: $15 Export Results in $90,000 Penalty

Posted by Kelsey Barker on April 17, 2014

We’re sure it happens all the time: your company receives a product order, but you can’t decide whether to send it to the account address or the shipping address. However, if those two addresses are in Iran and Dubai, and your product could potentially be used in nuclear programs, you may want to double-check where your shipment is headed – or you could get slapped with a $90,000 fine.

That’s what happened to Lee Specialties, a Canadian manufacturer of oil field equipment, when they shipped rubber circles known as Viton o-rings to Iran in January 2012.

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Topics: Export Management, Supplier Compliance Questionnaires, Restricted Party Screening

Did You Know?

Posted by LizAnn Nealing on April 15, 2014

Global trade has an even farther reach than you may realize. Did you know?

  • There are over 250 restricted party lists published by governments and organizations worldwide?
  • All current Free Trade Agreements cover 65% of global GDP?
  • From 2003 - 2010, investment and trade between the EU and India more than tripled?

Discover more about these and other trade statistics for China, NAFTA, freight logistics and others that will leave you thinking about the complex world we live in.

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Topics: Global Trade Management Software, Export Management, Global Trade Management, Restricted Party Screening

Q&A from Export Compliance Webinar Series Part 1: Restricted Party Screening

Posted by Sam Scordato on April 4, 2014

Amber Road would like to thank all of those who attended the first webinar in our three-part Export Compliance Webinar Series. During this series, we address three key steps involved in building an export compliance program, and show you how Export On-Demand can help you get started. The first webinar focused on Restricted Party Screening (RPS), and the attendees asked some great questions. Unfortunately, we ran out of time and were unable to answer all of them. The presenters, Scott Byrnes and Scott Parker, were kind enough to provide us with written responses to those questions. Here are a few:

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Topics: Webinars, Export Management, Export Compliance, Restricted Party Screening

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