Global Supply Chain Solutions for Life Sciences

Posted by Clarissa Willis on Mon, Jun, 10 2019 @ 10:30 AM

The Life Sciences industry faces unique pressures not seen by any other industry, because of the direct impact it has on the life and death of human lives. Hiccups and mistakes in the global trade management of life sciences products can be catastrophic for not only the patients who didn’t receive the medicine or device they needed in time, but also for the company that was responsible for producing the product. Gaps in quality and speed-to-market can easily create a bad reputation for your brand and leave you with hefty legal liabilities.

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Topics: Global Trade Management Software, Global Trade Management, Life Sciences

Why Duty Drawback is Making a Comeback

Posted by Lacey Pierce on Tue, Jun, 4 2019 @ 10:03 AM

It is estimated that over $600 Million is recovered annually through the US Duty Drawback program and that is only 15% of the drawbacks that are available. This means that 85% of potential drawbacks are not being claimed each year, according to U.S. Customs. Are you leaving a savings opportunity on the table? This is exactly what Matt Robeson, Product Manager at Amber Road, talks about during his appearance on the Talking Logistics podcast.  During the 30 minute interview, Matt explains what a duty drawback is, how to qualify for it, why it has been brought to the forefront of global trade in 2019, and how companies can start implementing their own drawback process.

 

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Topics: Duty Management, Foreign-Trade Zones, Product Claim Details and Storage

Global Supply Chain Solutions for Retailers

Posted by Kelsey Barker on Mon, Jun, 3 2019 @ 10:59 AM

Retailers, let’s face it: your job is only becoming more challenging.

While consumers expect you to deliver higher-quality products faster and at lower prices, the cost and complexity of your supply chain is increasing. Between tariff and duty fluctuations, labor hikes in key sourcing countries, and continuing visibility issues, staying afloat in today's retail market requires fast-acting strategy and the support of a comprehensive global trade management solution. 

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Topics: Supplier Management, Supply Chain Visibility, Product Testing, Risk and Quality Management, Supplier & Product Traceability, Product Management

Disruptions, Adjustments, and Norms, Oh My!

Posted by Veronika Clough on Fri, May, 31 2019 @ 11:28 AM

As uncertainty, complexity, disagreements, and disruptions continue to plague global trade, companies must be even more diligent and use every tool they can to keep their supply chains running smoothly. One of the most important factors is visibility – full visibility with the capability to see and control every critical aspect of the supply chain. In the articles below which appeared in industry publications, Amber Road’s subject matter experts offer some best practices to gain better visibility and control across the supply chain.

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Topics: Manufacturing, Supply Chain Visibility, Trade Regulatory Content, Global Supply Chain

From Purchase Order to the Last Customs Mile: Streamlining and Automating the Global Supply Chain

Posted by Lacey Pierce on Thu, May, 30 2019 @ 10:38 AM

As supply chain executives look towards the future, they are faced with a turbulent sea of geopolitical and environmental complications. With current events such as Brexit and USMCA creating uncertainty in global supply chain strategies, executives need to evaluate every opportunity to improve their long term supply chain strategies.

 

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Topics: GTM Best Practices, Global Trade Management

CTPAT’s New Minimum Security Criteria: Is Your Supply Chain Secure?

Posted by Paris Riley on Wed, May, 29 2019 @ 12:42 PM
Today, global supply chain security is more important than ever. When conducting cross-border trade and exchanging of goods across the world, many lurking threats can not only disrupt your business but have potentially dire consequences.  To protect you, your company, and your country, Customs and Border Protection (CBP) has recently released new minimum security requirements as it relates to Customs Trade Partnership Against Terrorism (CTPAT). If you're a CTPAT partner, then you may need to make changes to your supply chain security in order to remain compliant.
 
Hear from CBP directly as CBP's Carlos E. Ochoa and Global Trade Academy's Suzanne Richer present the complimentary webinar,  It’s Time to Review Your Supply Chain Security: CTPAT’s New Minimum Security Criteria, which broadcasts live on  Thursday, May 30 at 2pm EDT
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Topics: Global Supply Chain, Global Trade Academy, C-TPAT

European Customs Filing and Bonded Warehouse Management

Posted by Lacey Pierce on Tue, May, 28 2019 @ 11:15 AM

Did you know the opportunity cost of paying your duties and taxes upfront can be as high as 10 percent? Capital tied up in these untimely expenses can end up costing a company millions of dollars each year in lost opportunities. But what if you could defer these costs? Supply chain execution leaders understand the importance of keeping their organization’s cash flow flexible and maintain trade compliance. But in order to remain compliant and qualify to defer these duties and taxes, companies must first have complete visibility into their supply chain, including a granular view of what goods are moving in and out of the bonded warehouse, and then be able to share this information with the EU customs agencies.

The easiest way to gain a completely transparent supply chain is to utilize current supply chain technology to help identify opportunities, automate processes, and document the movement of goods along the supply chain. The risks of failing to remain compliant in this increasingly complex global trade arena could be costly, especially with Brexit creating turbulence for bonded inventory. With consequences as extreme as losing your trading privileges, it’s essential to maintain visibility and documentation within your supply chain. You can start digitizing your supply chain by downloading our European Customs Filing and Bonded Warehouse Management brochure.

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

Improving Cost, Quality and Speed in the Fashion Industry: Part 1

Posted by Clarissa Willis on Wed, May, 22 2019 @ 10:30 AM

Fashion is a tricky business, and gaining cost, quality and speed advantages can be difficult to do in an already complicated and competitive market. There are seasonal changes where products must be designed, developed, sourced, tested and imported and exported in a limited amount of time. Of course, this increased pressure to move quicker in getting products to market can make it more difficult to maintain a quality. If this wasn't enough to deal with, there are also the chaos customers create by not following trends, often making demand unpredictable. The list of challenges goes on and on. However, amid these ongoing struggles, and fluctuations in the global economy over the last few years, the footwear and apparel industry still has a chance to successfully adapt and thrive.

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

The Long Arm of OFAC – How US Sanctions Impact Pretty Much Everyone

Posted by Daniel Smith on Tue, May, 21 2019 @ 11:12 AM

When you think sanctions, there are a few things that probably come to mind: Iran, North Korea, possibly Russia. You may envision munitions being smuggled in Cold War-era trucks by rogue factions of defunct military groups.  You may think only bad actors such as known terrorists are direct targets of US sanctions, and only companies that operate within the US are subject to sanctions rules. If you think this, you’d be wrong.

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Topics: Global Trade Management Software, Import Management, Export Management, Global Trade Management, Global Knowledge

Fashioning Better Supply Chains – The AAFA Annual Conference

Posted by Daniel Smith on Wed, May, 15 2019 @ 10:00 AM

Earlier this month, I joined representatives from dozens of footwear and apparel brands in Washington, D.C for a pulse-check on market trends and regulatory changes that affect the industry. The conference, hosted by the American Apparel and Footwear Association (AAFA), provides a space every year for industry advocates to meet with people actually in the industry to discuss global trade and supply chain issues. Amber Road has been a sponsor of the event for many years, and this year in particular presented an opportunity for a lively discussion. Fittingly, the theme of the event was "Solutions to Challenging Times."

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Topics: Global Sourcing, Global Trade Management

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