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 .
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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?

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

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:

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Topics: Global Trade Management, Supply Chain Visibility

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.

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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.

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Topics: Global Trade Management Software, Global Trade Management

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?

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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.
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Topics: Webinars, Import Management

Webinar: How Will Changing Trade Policies Impact Your Global Supply Chain?

Posted by Paris Riley

How will your company handle trade policy changes? From the latest trade restrictions on the import of solar panels and washing machines, to ongoing NAFTA renegotiations, extensive policy changes are underway. A recent survey of more than 500 global logistics executives found that shippers are divided on the potential outcome of US free trade agreement negotiations and are generally unsure what to expect. Others are scrambling to deal with unexpected trade regulations that have shaken their industries to the very core.  

Amber Road wants to help you navigate these changes. Currently, there are eight major policy initiatives in review that could be a big adjustment for importers – affecting both the bottom line and key business practices.

Join Amber Road’s Global Trade Academy as we explore the major changes that should be on your radar during our webinar, The Great Trade Pivot: Changing Policies and Their Impact on Your Global Supply Chain, broadcasting live on Wednesday, February 7 at 2pm EST.

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Topics: Webinars, Import Compliance, Global Supply Chain

Supply Chain Visibility Win: Quality is in the ‘Sole’ for this Footwear Company

Posted by Paris Riley

Manufacturing can be a risky business. In fact, Whirlpool is currently facing a possible product recall of up to one million dryers due to a defect. What if there was a way to improve quality control in product testing and reduce defect rates at the same time? One leading footwear manufacturer has been making shoes since the late 1800s, but struggled with an 8% product defect rate for years before implementing Amber Road.

Their high defect rate mainly stemmed from a lack of visibility into their supply chain and a disparate supplier base. Amber Road's supply chain collaboration platform enabled this major footwear manufacturer to improve quality and visibility in their supply chain, leading to a significant reduction of claims and defect rates and ultimately reduced risk.

Amber Road’s new Customer Value Summary, Quality is in the ‘Sole’ for this Footwear Company, details their triumphant fight against high defect rates and for greater supply chain agility.

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Topics: Supply Chain Visibility, Product Testing, Risk and Quality Management, Quality Control Inspection

Watch Video - Today's Global Trade Route: Amber Road

Posted by Paris Riley

Throughout history, people have been challenged with the logistics of getting products to their consumers. Key routes such as the Silk Road, the Spice Route, and the Amber Road blazed the trail for manufacturers, importers, exporters, and customers – changing the world from a domestic to an international landscape and creating the global supply chain. It is from that important trade lane, and its history of international reach and value, that we took our name – Amber Road.

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Topics: Global Trade Management

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