Digitizing The Global Supply Chain: Talking Logistics Interview

Posted by David Hamilton

Ty Bordner, SVP of Marketing and Business Development at Amber Road, speaks with Adrian Gonzalez, President of Adelante SCM and Founder of Talking Logistics, about the key elements of digitizing the supply chain. Adrian and Ty take a deep dive into the following questions:

  • What does digitizing the supply chain mean?
  • How can companies get started? Where does the journey begin?
  • What value and benefits can organizations derive from it?
  • What new technologies and opportunities are shifting the landscape? What actions should companies take to keep up with future advancements?
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Topics: Global Trade Management

Learn Your Valuation ABC’s With Global Trade Academy's Webinar

Posted by Julia Gorman

valuation-200x200The U.S. Customs & Border Protection (CBP)'s valuation declarations contain critical components that can end in crisis when left unacknowledged. For seamless trade, global companies must understand the basic components of appraised value under Transaction Value and how to prove inter-company transfer pricing between related parties.

Join Amber Road's Global Trade Academy for our upcoming webinar, Valuation ABC’s & Related Party Transfer Pricing Pitfalls, on Tuesday, April 17 at 2pm EDT. The webinar will address your top questions surrounding value for appraisement:

  • What’s an acceptable transaction value between unrelated parties?
  • What’s “acceptable” related party transfer pricing?
  • Acceptable proof for a CF 28; Focused Assessment (FA), or Importer Self Assessment (ISA) program

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Topics: Webinars, Global Trade Academy, Trade Compliance

Discover Apparel & Footwear Innovation at AAFA’s Sourcing Conference

Posted by Julia Gorman

Global supply chains are transforming under the pressure of today’s complex and unpredictable environment. If your supply chain has remained stagnant despite modern challenges, it’s time to consider some innovative solutions to keep pace with industry leaders. The American Apparel & Footwear Association (AAFA) 2018 Sourcing Conference is a great opportunity to discover the latest in apparel and footwear innovation.

Amber Road is a proud sponsor of AAFA’s 2018 Conference, Supply Chain Innovation: The Key To Success in the New Retail Dynamic. This year’s conference will take place at the Ronald Reagan Building and International Trade Center in Washington, D.C. from April 24 – 25.

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Topics: Events, Global Supply Chain

Trade Relations are Building a Bigger Wall Between the US and China

Posted by Gary M. Barraco

The tête-à-tête regarding trade between China and the US, the world’s two largest economies, has reached a new level. On Tuesday, April 3rd, the US Trade Representative (USTR) issued a list of over 1,300 products that when imported from China, would carry an additional 25 percent duty. The action doesn’t come as a surprise as both nations have been at odds over President Trump’s open position on the trade imbalance.

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Topics: Global Trade Content, Global Knowledge

Your Blockchain Questions Answered: Blockchain for Global Supply Chain Webinar Q&A

Posted by Kelsey Barker

There is no doubt that blockchain technology has the powerful potential to improve digital supply chains and global trade management. But how?

That's the question Dan Gardner, VP of Supply Chain for Lakeshore Learning Materials and co-founder of Trade Facilitators, Inc., and Amber Road’s Ty Bordner both answered during Amber Road's recent webinar, Blockchain for Global Supply Chain: Ghost in the Machine or Breakthrough Technology? Of course, blockchain is such a top topic these days that Dan and Ty's introduction sparked a ton of debate, and they were only able to address a fraction of viewers' questions during the hour-long webcast. Luckily, we've compiled their answers to these queries below. See if they've answered some of your biggest questions about how blockchain can be applied to the global supply chain, then watch the webinar on-demand here

  • Question: Although I understand "how" this can work for the Global Supply Chain, what I don't understand is "why" it could be preferable to existing data tracking tools?
    • Answer: As we all know, the global supply chain is highly complex, and there are many different types of use cases spanning the process from purchase order to payment. Not all of the processes are appropriate for Distributed Ledger Technology (DLT). The most appropriate use cases would have attributes which lend themselves to the need for absolute trust and exchange of value.
  • Q: As a solo exporter, should I adopt this system in my trade financing operations? Can a block of documents be used for satisfying the Letter of Credit (L/C) performance?
    • A: The Letter of Credit use case seems to be very compelling for DLT (i.e. Blockchain). There clearly is an exchange of value with a Letter of Credit and many of the terms and conditions of an LC can be automated as part of set of business rules (smart contracts). Of course the information representing the LC and the actual movement of the goods (BoL, Commercial Invoice, Packing List, etc.) must be in a digital form.
  • Q: Contracts are confidential, but how does confidentiality/anonymity work in a distributed ledger?
    • A: Blockchain (DLT) technology can be implemented in different ways. There is a concept of a public blockchain (Ex. Bitcoin) and a private or permissioned blockchain. In a permissioned blockchain only the parties that have been given privileges will be able to see confidential information.
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Topics: Global Trade Management, Supply Chain Visibility, Global Supply Chain, Supplier & Product Traceability

Allied Electronics Automates Trade Compliance as Global Sales Grow

Posted by David Hamilton

In today’s competitive retail environment, manufacturers, distributors, and retailers face heightened expectations for product quality and delivery time from customers and suppliers. Beyond growing expectations, companies also contend with increasing regulatory complexity and enforcement, changing embargoes and trade agreements, and competitors rapidly expanding product lines.

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

Tax Triumphs & Trade Troubles: What You Need to Know for 2018 Cross-border Trade

Posted by Paris Riley

They say that two things are certain: death and taxes. But another certainty is that once you've built your business around a particular tax structure, it will change.

Since the new tax plan was officially announced three months ago, companies that operate in or with the United States are still scrambling to understand it, especially along with new trade restrictions, import regulations, and tariffs. Some changes, such as the import restrictions on solar panels and washing machines, have been released in full, but others remain mere speculation, making import compliance all the more difficult this year.

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Topics: Import Management, Duty Management

Warning! Prop 65 Requires Compliance Beyond CA Borders

Posted by Julia Gorman

CA Proposition 65 (Prop 65) is a major concern for brands that will heavily influence California’s consumer product regulations. All manufacturers, distributors, and retailers that sell or distribute consumer products in California will be required to comply with the state’s new warning requirement regulations—meaning your compliance with product testing standards has to extend beyond California borders.

These new regulations, implemented under California’s Safe Drinking Water and Toxic Enforcement Act, are intended to manage liability risks by requiring warnings on products and premises that can potentially expose consumers to any of the 900+ specified chemicals. The new regulations will come into effect on August 30, 2018.

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Topics: Risk and Quality Management, Supplier & Product Traceability

Brexit Resources: Are Your Import and Export Compliance Teams Ready?

Posted by Joseph Gabro

We are officially one year away (well, 367 days if you want to be exact): On March 29, 2019, the United Kingdom is scheduled to leave the European Union. While Britain is still searching for an independent customs bill that could legislate trade relations outside customs union membership, global trade professionals must prepare for the various scenarios at hand. Although we have known about this impending Brexit since June of 2016, many questions are left unanswered - are your import compliance and export compliance teams ready for the challenges ahead?

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Topics: Import Management, Duty Management, Export Management, Export Compliance

Blockchain For Supply Chain: Will It Enhance Your Global Trade Management?

Posted by Paris Riley

Blockchain just might be the biggest buzzword of this year, but what is it and how can we use it? While it’s still a developing technology, blockchain has already shown promise for its potential application for supply chain solutions. As we continue to move forward into the digital age and engage in a digital supply chain transformation, blockchain for global trade management seems like the next logical step.

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Topics: Global Trade Management Software, Global Trade Management