Benjamin Moore Saved Millions with Duty Management Software - Could You?

Posted by Mandy Hyde

The majority of global trade professionals realize that their company could potentially save millions of dollars annually in duties and taxes by qualifying for various free trade agreements (FTAs). Unfortunately, many organizations fail to leverage even one FTA due to the complex and dynamic regulatory environment associated with each one. Attempting to manually qualify for an FTA can be incredibly daunting, and many of the companies using outdated duty management software could not only be paying millions of dollars more than necessary, but are also suffering from an extreme loss in productivity.

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Topics: Duty Management, Free Trade Agreements

Forbes Looks Ahead to Import Management in 2018: Amber Road CEO Weighs In

Posted by Julia Gorman

With 2018 on the horizon, players in the supply chain space have been reflecting on the past year in hopes to predict what the future has in store. From the political climate to natural disasters, supply chains have been taken for a wild ride in 2017. If this is any prescience for how to prepare for the approaching year, global organizations should expect the unexpected.

Forbes’ recent article, Supply Chain Trends To Watch In 2018, explores the key supply chain trends for the upcoming year. Categories include; omnichannel revenue management, logistics workers and labor shortages, tariffs and global supply chain networks, and the hype surrounding digital technologies.

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Topics: Import Management

Fast Isn’t the Only Factor in Product Lifecycle Management...

Posted by Gary M. Barraco

One of the biggest industry buzzwords over the past year has been “fast fashion,” as companies race each other to bring goods to market faster and faster. Originating in the fashion sphere, the concept has caught on like wildfire and spread to other industries. Companies are taking a closer look at their internal tools and procedures, seeking areas of the product lifecycle where time can be saved and speed-to-market accelerated.

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Topics: Apparel, Global Supply Chain, Production Management

Can Too Much Visibility Put Your Supply Chain in a Blind Spot?

Posted by Mandy Hyde

In today's technologically advanced world, savvy shippers can view their entire end-to-end supply chain through digitization. The key issue with this advancement in technology is not a lack of data, but rather the flood of information that can be difficult to sift through and even slow down shipping processes. To be agile (particularly in the holiday season) importers and exporters require the best solutions that avoid information overload - allowing them to make proactive decisions affecting shipments.

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Topics: Supply Chain Visibility, Order and Shipment Visibility

Catch Amber Road’s Export Experts at the Massachusetts Export Expo

Posted by Julia Gorman

Say that five times fast! The Massachusetts Export Center’s Export Expo is the state’s largest and most important annual export event. This year’s Export Expo revolves around the uncertainty of the current global trade landscape, and sessions will touch on some of the industry’s pressing issues including NAFTA renegotiation, free trade policy, export control, sanctions, enforcement and more.

The conference will be held at the State Transportation Building in Boston on Friday, December 8th.The Massachusetts Export Expo strives to help companies navigate in today’s dynamic and increasingly complex global trade environment – making Amber Road a proud sponsor of the event and its cocktail reception at the W Hotel Boston.

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Could NAFTA Change Global Sourcing Forever?

Posted by Joseph Gabro

I hope you got your holiday shopping done early this year, because prices could be rising soon! With the North American Free Trade Agreement (NAFTA) going through rounds of negotiations, global trade professionals can only watch and wait to see what happens. The threat of a NAFTA withdrawal is real and could have revolutionary consequences - disrupting supply chains that link their domestic imports and manufacturing operations with suppliers in Canada and Mexico. Are we going back in time to the days where we strictly manufactured and sourced goods locally? What exactly would the consequences be? Could the new NAFTA change global sourcing forever?

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Topics: Global Sourcing, Supplier Management, Sourcing Optimization, Product Management

e-Commerce Snapshot: The Trade Trends Report 2017

Posted by Julia Gorman

From January to now, 2017 has been riddled with great disruption for global trade professionals. Large-scale changes to trade agreements, boosts in regulatory enforcement, unsteady political landscape, the approach of Brexit, and the destructive trail of natural disasters have spun the global trade world into a state of utter uncertainty.

Now more than ever, companies need to re-engineer processes and supporting systems to achieve a totally new level of agility to respond to these market forces. Not one global company is alone in these challenges; instead all manufacturers, shippers, logistics providers, and other related service providers are struggling through shared uncertainties, risks, and disruptions. Amber Road and AAEI’s The Trade Trends Report: 2017 Survey on Sourcing, Trade and e-Commerce, identifies the primary challenges and the means to proactively prepare for them.

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Topics: Global Knowledge

Webinar: Duty Drawback Simplification

Posted by Julia Gorman

The new year is quickly approaching and so are changes to the U.S. Customs and Border Protection (CBP)’s drawback program. The “simplified” duty drawback program will enable eligible importers and exporters to claim 99% of duties, fees and taxes back.

Join Amber Road’s Global Trade Academy webinar, Duty Drawback Simplification - Earning More ROI on Your 2018 Supply Chain! on Thursday, December 7th at 2PM EST.

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Topics: Duty Management

Webinar: Wrapping Up Global Trade in 2017

Posted by Mandy Hyde

The past year of global trade management has been riddled with policy uncertainty and growing protectionism as ongoing negotiations, such as NAFTA and Brexit, bring promise of widespread trade changes and an influx of new policies and regulations. The World Trade Organization originally reported in April that global trade was expected to recover in 2017 and 2018; however, in order for a rebound in economic performance, governments would need to pursue "the right policy mix." Did this happen? What forthcoming trade trends do importers and exporters need to prepare for?

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Topics: Global Trade Content, Trade Content Specialists

Amber Road's Rules of Origin Search Tool Facilitates the Analysis Process

Posted by Ty Bordner

Lowering or eliminating your customs duties by leveraging free trade agreements or trade preference programs is a smart business strategy. There is an essential requirement to free trade agreement utilization: validating the product against its Rule of Origin (i.e. qualification).  These rules define the criteria by which a product is eligible for participation in the trade program.  When a product is wholly obtained and produced in a single country, it is relatively easy to determine its eligibility.  Difficulties arise in determining eligibility of goods manufactured in, assembled in, or using materials originating in, more than one country.

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Topics: Duty Management, Global Trade Content, Free Trade Agreements