The Ever-Changing World of Global Trade Management

Posted by Lacey Pierce on July 31, 2019

The world of global trade management is constantly changing course, responding to even the lightest geopolitical winds and leaving companies to redirect their global trade strategies with the unsettled landscape. In The Ever-Changing World of Global Trade Management, SupplyChainBrain’s most recent podcast, Bob Bowman invites Gary Barraco to explore the past, present, and future of Global Trade Management and delve into how it impacts importers and exporters in today’s market.

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

Global Supply Chain Solutions: Manufacturers Edition

Posted by Lacey Pierce on July 19, 2019

Global manufacturers face unique challenges within their supply chains that are further complicated by a turbulent trade environment, geopolitical factors, and their competitors. In today’s market, manufacturers are being pressured from all sides to lower costs and bring products to market faster while delivering goods at the right price, place, and time. This requires executives to pay close attention to their supply chain execution strategies so they can be prepared for any hurdles their supply chain may face.  With numerous siloed systems and departments, this can be difficult even for the most experienced executive. It’s a lot to manage, but you don’t have to manage it alone.

By utilizing current technology that is built specifically for them, manufacturers can lighten the load and create agility within their supply chains. Amber Road’s brochure, Global Supply Chain Solutions for Manufacturers, is designed with manufacturers in mind. It explores the challenges that manufacturers face and solutions that they can use to help ease the burden of dated supply chain management strategies.

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

Trade with China: What's Going on Behind the Wall?

Posted by Lacey Pierce on June 26, 2019

While the world has been focused on the retaliatory trade regulation changes, China has made some dramatic changes to its import and export policies that will affect any company trading in China’s economy. Gary Barraco, the Director of Global Product Marketing at Amber Road, discusses these changes and what it means for a company’s current China trade management strategy and companies trying to break into the Chinese marketplace on the SupplyChainBrain podcast with host Bob Bowman. These changes have been overshadowed by the tit-for-tat tariff talks, but that doesn’t detract from the importance of these changes on global trade.

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Topics: China Trade Management, Duty Management

Why Duty Drawback is Making a Comeback

Posted by Lacey Pierce on June 4, 2019

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

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

Posted by Lacey Pierce on May 30, 2019

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

European Customs Filing and Bonded Warehouse Management

Posted by Lacey Pierce on May 28, 2019

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

Get Your Reality Check – A Supply Chain Technology Innovation Benchmark Study

Posted by Lacey Pierce on March 14, 2019

As technology evolves and disrupts our industry, it is important to take a step back and get a “reality check” on the usefulness of these technologies, especially as leaders are looking for new innovative technologies to give their companies a competitive advantage in the market. It can be difficult to separate out the hype surrounding these new technologies from the reality. This industry report, Reality Check: Supply Chain Technology Innovation Benchmark Study, works to help you do just that.

American Shipper’s Ben Meyer surveyed 296 supply chain stakeholders to more closely examine the trends around investment in both current and futuristic supply chain technologies. By doing this, he hopes to determine not only how the industry feels about new technologies, but how serious they are about implementing them in their own company.

Some key statistics that you can find in the report include:

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

New White Paper - How Are Companies Using Technology to Address Global Trade Woes?

Posted by Lacey Pierce on February 19, 2019

2019 was filled with turbulence, both in the geopolitical sphere and the technological one. This created waves throughout the supply chain and trade industry. AAEI and Amber Road worked together on their 3rd Annual Trade Trends Report to determine how companies in the industry are using supply chain technology. Are companies focused on automating previously manual processes? Are they simply using technology to collect data? By interviewing over 100 supply chain professionals, we hope to answer these questions and allow other professionals in the industry to use this data as a benchmark or as a source of data to make informed decisions for their company.

Supply Chain 4.0, otherwise known as the Fourth Industrial Revolution, has been at the forefront of the industry’s mind. With companies experiencing the backlash of the “Amazon Effect,” they are looking to technology to help them meet the 6 “Rs” of supply chain execution. The “Rs” are the right partner, with the right product, at the right price, in the right place, and right time with the right compliance. This is what companies who want to compete in evolving markets are focused on.

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

The ‘Rights’ and ‘Mores’ of Supply Chain Execution

Posted by Lacey Pierce on December 21, 2018

Do you know how Supply Chain 4.0 will affect your business? Are you familiar with the supply chain guiding principle about the ‘rights’ of supply chain execution? If you answered No to any of these questions, you should check out Talking Logistics recent video interview between Amber Road’s Director of Global Product Marketing, Gary Barraco, and Talking Logistics’ founder, Adrian Gonzalez. Adrian and Gary delve into the guiding principles that executives should use to help keep them a float and ahead in today’s evolving market. Gary not only delves into the reasons why the ‘Rights’ and ‘Mores’ are important, but he discusses how companies can overcome barriers to evolving their supply chain. Watch the video below to find out more about how your company can stay in the lead:

 

 

 

 

 

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

How Emerging Technologies Will Transform the Way We Do Business

Posted by Lacey Pierce on December 3, 2018

In Talking Logistic’s most recent video and podcast, Adrian Gonzalez interviews our very own SVP of Marketing and Business Development, Ty Bordner to discuss emerging technologies and the potential they could have to transform the way that we do business, specifically within a global supply chain. Ty and Adrian cover a wide variety of technologies and topics such as blockchain, artificial intelligence (AI), and the Internet of Things (IoT). Find out how companies could integrate these technologies into their supply chains and what the future of the global supply chain might hold by watching the video below:

 

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Topics: Supply Chain Visibility, Integrated Service Provider Network, Data Quality Management

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