The Top 6 Global Supply Chain Expectations for 2019

Posted by Paris Riley

Now that glasses have finished clinking and the confetti from New Year's Eve has been swept away it's time to focus on making this your supply chain's most efficient year yet. It's a new year and that means that you can expect some new changes and challenges to impact your supply chain. Amber Road recently published The Top 6 Global Supply Chain Expectations for 2019, which includes the six biggest predictions to help you prepare for this new year. 

Read More

Topics: Global Supply Chain

Sourcing Journal Report: Digital Aspirations, Blind Spots & the Transparency Divide

Posted by Paris Riley

Shippers everywhere are feeling the pressure to increase their products' speed to market. In a world where consumers have become used to expedited shipping and new items on store shelves every week a higher speed to market can be a great competitive advantage. 

That competitive advantage begins with having greater efficiency within the supply chain, but if you're like most of the shippers polled by Sourcing Journal in the report Digital Aspirations, Blind Spots & the Transparency Divide then you may not be sure where to start.

Read More

Topics: Global Supply Chain

Blockchain & Purchase Orders - A Match Made in Heaven?

Posted by Paris Riley

Global trade and global trade management are becoming increasingly more complex without the right tools on hand. The solution to navigating the numerous potential complications and their impact on supply chains worldwide has always been technology in the form of a digitized supply chain. If you haven't heard, the big new thing in technology right now is blockchain. But how could this work in the supply chain?

As we delve deeper into blockchain’s potential capabilities and uses, we’ve found that one thing remains the same – blockchain for the supply chain just seems to make sense. In our first whitepaper on blockchain for the supply chain we found that there are a multitude of ways that blockchain could be used, including supplier management and end-to-end visibility.  In our second and newest white paper we further explore blockchain’s potential for use with smart contracts and purchase order management. 

Read More

Topics: Global Trade Management

Troubled by Rising Transportation Costs?

Posted by Paris Riley

Transportation costs continue to creep into a product’s profit margin. A recent study found that 58% of shippers cite transportation costs as their highest concern. Today, this concern has only grown.
 
Please join Amber Road and Supply Chain Quarterly for our upcoming webinar,  Taking the “Ouch” Out of Transportation Costs , broadcasting live tomorrow,  Wednesday, June 20 at 2pm EDT .
Read More

Topics: Webinars, Transportation Management

Missing the BIS Update Conference This Year? Catch Our Key Takeaways!

Posted by Paris Riley

Are you unable to make it to this year’s Bureau of Industry and Security (BIS) Update Conference in Washington, DC? Or will you make it to Washington, DC, but would like a review of the themes and updates from the show?

Read More

Topics: Export Violations, Export Management, Export Compliance, Automated Export System (AES) Filing

Begin With a Control Tower & End With Enhanced Supply Chain Visibility

Posted by Paris Riley

What is supply chain visibility? Depending on where you go and whom you ask, the answer might differ. True end-to-end visibility extends beyond just tracking containers and shipping logistics. It disrupts the traditional corporate information silos and provides company-wide transparency that can greatly improve the global trade management process. Often, the given definition of supply chain visibility fails to encompass the essence of "true visibility," like what you achieve in a supply chain control tower scenario. Every step in the supply chain needs to be both visible and managed; this requires all partners and data to be digitized.

Amber Road’s new eBook, Creating the Global Supply Chain Control Tower – Beyond Simple Visibility, discusses the often muddled definition of supply chain visibility and the breadth of benefits that come from creating a digital global supply chain control tower. The four key benefits from this level of visibility includes:

Read More

Topics: Supply Chain Visibility, Global Trade Management

Tax Triumphs & Trade Troubles: What You Need to Know for 2018 Cross-border Trade

Posted by Paris Riley

They say that two things are certain: death and taxes. But another certainty is that once you've built your business around a particular tax structure, it will change.

Since the new tax plan was officially announced three months ago, companies that operate in or with the United States are still scrambling to understand it, especially along with new trade restrictions, import regulations, and tariffs. Some changes, such as the import restrictions on solar panels and washing machines, have been released in full, but others remain mere speculation, making import compliance all the more difficult this year.

Read More

Topics: Import Management, Duty Management

Blockchain For Supply Chain: Will It Enhance Your Global Trade Management?

Posted by Paris Riley

Blockchain just might be the biggest buzzword of this year, but what is it and how can we use it? While it’s still a developing technology, blockchain has already shown promise for its potential application for supply chain solutions. As we continue to move forward into the digital age and engage in a digital supply chain transformation, blockchain for global trade management seems like the next logical step.

Read More

Topics: Global Trade Management, Global Trade Management Software

Are You Ready for Export & Import Compliance Ch-ch-changes? 

Posted by Paris Riley

As the late great David Bowie said in his 1971 hit song Changes, "time may change supply chains, but supply chains can't change time." Well... maybe not exactly that. Nonetheless, last year brought about many changes in the global trade industry. We saw a rise in protectionist measures worldwide, new import regulations, and free trade agreement negotiations that could greatly impact leading economies. All of these new developments can be quite concerning for importers and exporters, but which should be top of mind and how can you be prepared?

American Shipper’s Import/Export Compliance Benchmark Study: Turn and Face the Change explores the concerns of today’s shippers and provides insight into how other importers, exporters, retailers, and manufacturers handle cross-border trade. In fact, did you know that 40% of exporters want better market access in China for their products?

Read More

Topics: Import Compliance, Export Compliance

Q&A - The Great Trade Pivot: Changing Policies and Their Impact on Your Global Supply Chain

Posted by Paris Riley

A few weeks ago, Amber Road's Global Trade Academy hosted the webinar The Great Trade Pivot: Changing Policies and Their Impact on Your Global Supply Chain. This webinar (available on-demand) walks through some of the biggest potential policy changes that could dramatically raise your import costs and have a profound impact on your company’s import compliance program.

Robin Grover, an international trade lawyer with over 35 years of experience handling all aspects of export-import issues, recieved a lot of great questions during the live broadcast and he has taken the time to answer some here.

Q: What is your opinion on GSP getting reinstated? What timing do you expect? 

    1. CBP notes on its website: “GSP periodically expires and must be renewed by Congress to remain in effect. The 2015 GSP reauthorization (H.R. 1295) expired on December 31, 2017. All previous GSP renewals that have taken effect after a lapse have included a retroactive clause providing refunds to importers of eligible goods imported during the lapse period.”  Customs goes on to recommend that you “flag” all GSP entries: “Until further notice, importers are strongly encouraged to continue to flag GSP-eligible importations with the SPI “A,” even as they pay normal trade relations (column 1) duty rates on otherwise GSP-eligible importations. Importers may not file SPI "A" without duties.”   I fully agree with Customs on this and expect that Congress will ultimately renew GSP and make its benefits for entries retroactive.  On a related note, please be aware that CBP in conducting audits is looking for substantial documentation in your files to support claims of GSP duty-free status for your imported goods.
Read More

Topics: Webinars, Import Management

Cookie Settings