Order Collaboration Yields ROI for Leading Apparel Manufacturer

Posted by Mandy Hyde

A key challenge plaguing global manufacturers is a lack of overall visibility into their production management and purchase order (PO) lifecycle, as well as a loss of sight into shipment tracking. This sore spot has been aggravated as consumers demand more information regarding their orders (and also want them delivered yesterday). This leading manufacturer of top-tier athletic apparel and footwear suffered intensely from these challenges, which ultimately led to a loss of end-to-end visibility within their supply chain.

Read More

Topics: Product Management, Order Collaboration

Are You Prepared for Global Trade Management in 2018?

Posted by Mandy Hyde

In April of 2017, the World Trade Organization predicted that global trade management was expected to recover in 2017 and 2018. This was reported even amidst the surge of policy uncertainty and growing protectionism due to various updates to export restrictions and sanctions, ongoing trade negotiations, etc. However, in order for this rebound in economic performance to take place, governments had to pursue "the right policy mix." Did this happen and, if it did, what does this mean for 2018?

Read More

Topics: Global Trade Management, Global Trade Content

Santa's Restricted Party Screening Could Cost Him this Christmas - Could Yours?

Posted by Mandy Hyde

With the recent changes to export restrictions and sanctions around the globe, Santa may have trouble delivering his presents this Christmas. Although Kris Kringle and a majority of exporters already realize what's at stake if they commit export violations, a recent survey found that only 53% of exporters have a full Export Compliance Program (ECP) in place. For many companies, the variety of components involved with implementing a full ECP can be daunting. One way to begin the process of building a complete ECP is to implement a robust, automated screening process with restricted party screening and sanction capabilities.The recurring revisions to export restrictions and sanctions from governments around the world make it challenging for any company to still be manually screening. The United States, especially, has been busy trying to make updates to exporting policies as the Trump administration re-evaluates Obama-era trade tactics. How sure are you that your company's compliance process is keeping you out of harm's way? Are you prepared for the most recent updates to sanctions and entity lists, as well as potential changes still to come in 2018? If you had to pause before answering either of those questions, you and your company could already be at risk.

Read More

Topics: Export Management, Export Compliance, Restricted Party Screening

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.

Read More

Topics: Duty Management, Free Trade Agreements

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.

Read More

Topics: Supply Chain Visibility, Order and Shipment Visibility

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?

Read More

Topics: Global Trade Content, Trade Content Specialists

How Would Your Company's Supply Chain Solutions Benefit From Digitization?

Posted by Mandy Hyde

The dynamic nature of global trade has begun to make it impossible for organizations of any size to operate manually. The global trade industry is becoming increasingly aware of the fact that supply chain solutions need to consistently evolve in order to keep pace with ever-changing global trade policies and regulations. With so much change both in the supply chain and within our regulatory environment, is there a "magic pill"?

Read More

Topics: Global Trade Management, Global Trade Management Software

Know Your Customer.....and Everyone Between You

Posted by Mandy Hyde

Companies today are exposed to a plethora of risks because of the dynamic and collaborative nature of supply chains. While it's impossible to eliminate all the risks that may exist in the vast business ecosystem, it is possible to mitigate some of these dangers by implementing an export compliance program with a robust restricted party screening strategy.

Read More

Topics: Export Management, Export Compliance, Restricted Party Screening

Webinar: Leveraging Free Trade Agreements: The Hidden Benefits

Posted by Mandy Hyde

Most global trade professionals are aware that free trade agreements, such as NAFTA, CAFTA, and the plethora of bilateral trade agreements can save companies millions of dollars annually in duties and taxes. This is turn creates an attractive opportunity for exporters to grow their business overseas by making their products more affordable in growing markets. Unfortunately, many organizations choose not to leverage FTAs due to the complexity and dynamic regulatory environment associated with each unique FTA. Trade professionals who still use manual or outdated FTA management solutions could be paying up to several million dollars more than necessary each year.

Read More

Topics: Duty Management, Free Trade Agreements

Export Compliance Violations - Are You In Danger Too?

Posted by Mandy Hyde

Companies violate export compliance laws every day. Either an organization intentionally commits export violations and misleads the government, or simply lacks the proper export compliance program to alert them when in danger. 

Either way, these violations can ultimately lead to millions of dollars' worth of fines, loss of credibility, a tarnished reputation, imprisonment and loss of exportation privileges. Although a majority of companies would never intentionally commit export compliance violations - the latter happens all too often to unsuspecting organizations with an outdated, manual or weak export compliance solution.

Read More

Topics: Export Management, Export Compliance

Cookie Settings