UK Aims to Prep Businesses in Case of No-Deal Brexit

Posted by Gary M. Barraco

With just over six months to go before the ongoing divorce saga of Brexit is finalized, the UK government is preparing businesses for the possibility of a ‘no-deal Brexit’. In this scenario—which they insist is really, really unlikely—the UK and the EU will split on March 29, 2019 without an agreement in place outlining their new relationship. This would affect every business in the EU and UK that conducts cross-border trade, along with companies that currently export to the UK under EU rules.

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Topics: Global Trade Content, Global Trade Management, Global Knowledge

China's Trade War Going On Behind the Wall

Posted by Gary M. Barraco

It’s incredible how many people who are not in the supply chain business know a whole lot about global trade today – but not for the right reasons. The ongoing trade wars between the United States and China have taken center stage in every media outlet around the world, and organizations buying and selling goods globally are feeling the effects. However, recent dramatic regulatory changes in China have been dwarfed by the tit-for-tit tariff talk. These changes have equal importance and impact on global trade, yet most shippers aren’t tuned-in quite yet.

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Topics: China Trade Management

Tit-for-Tat Tariffs Call for Closer Calculations

Posted by Gary M. Barraco

Uncertainty over trade tariffs is already putting the squeeze on US companies. The recent tit-for-tat moves by the US and China sent ripples across the markets that turned into bigger waves across supply chains around the world. But this and other trade mêlées are adding another level of risk to cross-border shippers that go deep. Companies have to be agile enough to react to these and other changes and adapt their supply chains to avert disaster.

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Topics: Landed Cost Calculation, Duty Management

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

Trade Sanctions Update: The Hotbed Gets Hotter

Posted by Gary M. Barraco

In recent years, importers and exporters have needed to stay on their toes regarding changes to trade rules of all kinds, and that is rightly causing trepidation. 

Economic and trade sanctions are the most widespread and powerful means of displaying disdain for one country’s actions on the world stage. Unilateral or bilateral sanctions are strong penalties that restrict trading activity of goods imported from or to a country. They might also be used to assess duties on particular goods in retaliation for another country’s trade sanctions.

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Topics: Import Management, Export Management, Import Compliance, Export Compliance, Restricted Party Screening, Global Knowledge

Supply Chain Visibility...and Influenza Vaccines?

Posted by Gary M. Barraco

It’s been a long flu season all over the world, and store stock of the “sneezing-sniffling-so-you-can-rest-medicine” are flying off local pharmacies shelves. Their real-time inventory system shows several stores running low on over-the-counter cold and flu medicines, which sets off an internal alert. This triggers the logistics teams to ship more from distribution centers set-up as hubs for re-supply. The major pharma manufacturers are keyed into WHO data and have already anticipated the need to produce more at their factories. So the goods will keep flowing.

This scenario isn’t farfetched in today’s fast-paced supply chain management. Shippers and their supply chain partners are gaining granular insight into the supply-and-demand sides of the supply chain, and responding faster than ever to the needs of their customers at every step of the process.

Amber Road’s Stephanie Miles was recently interviewed in Inbound Logistics about the evolution in supply chain visibility. “Years ago, the baseline for visibility was simple track and trace—where’s my stuff? Today, companies have advances far beyond that,” Miles explains. Miles goes on here to highlight what companies should consider to improve supply chain visibility, and what expectations to set when it comes to their partners’ capabilities.

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Topics: Supply Chain Visibility, Order and Shipment Visibility

Digitization: Delivering Seamless Experiences and More Value

Posted by Gary M. Barraco

Trade is more globalized than ever as organizations adopt more global sourcing strategies with suppliers in every corner of the world. As more countries participate in global trade, management of the supply chain grows more complex. Now add the multitude of customers armed with technology and putting on more pressure to deliver on cost, quality and timeliness.

The great confluence has forced leaders in this space to automate, optimize and analyze their internal processes to stay ahead of the competition. Those that chose to transform, have an opportunity to take advantage of supply chain digitization tools that will create greater value and deliver seamless experiences.

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Topics: Global Trade Management Software

Apparel is as Perishable as Avocados

Posted by Gary M. Barraco

Who knew? Avocados are one of the most complex products to ship internationally. They do not ripen on the tree, but once harvested they need to be handled with great care. Handlers delay the softening process by pre-cooling the fruit immediately after picking. Then during transportation, they need to be stored at optimal temperatures and shipped expeditiously so the cargo is at the desired stage of ripeness upon reaching destination. Who cares, though? Last year, the industry was buzzing about the first practical application of blockchain technology and avocados were the test product. Maersk, the global shipping giant, is expected to announce it is using IBM’s version of the blockchain to track the avocados, flowers, and machine parts it carries on its enormous cargo ships. The highly-sensitive, speed-critical product —  the avocado — was at the center of the Maersk/IBM blockchain initiative, and an example of how this technology can be used to share traceability data to benefit global supply chains.

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Topics: Apparel, Production Management, Production Tracking, Material Order Visibility

Controlling Shipping Costs via Multi-Modal Freight Rate Visibility

Posted by Gary M. Barraco

Amber_Road_Multi_Modal_Transportation_Mangagement.pngThe Amazon disruptive effect has put an ever-growing strain on supply chain professionals to ensure inventory availability across a broader network of distribution points, along with the capabilities to get product to the consumer in days - if not less. This weight bears down on every step of the shipment process to ensure reliability and accuracy. Smart logisticians are properly orchestrating the fastest and cheapest means of moving goods from factory to consumer. But it isn’t simple....

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Topics: Invoice Management, Contract & Rate Management, Carrier Selection & Booking

Global Trade Recap: While You Were Away…

Posted by Gary M. Barraco

 

The elongated holiday break gave most people a chance to relax, but for most, that means you have some catching-up to do. Here is a quick recap of some top global trade news stories that emerged in the final weeks of 2017 while you were away from the small screen...

 

 

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Topics: Global Trade Content, Global Trade Management

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