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

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

Blockchain: Building Blocks to Supply Chain Transparency

Posted by Julia Gorman

In the past two years, ‘blockchain’ has become one of the most powerful terms within the business realm. Today, ‘blockchain’ continues to be all the buzz and for good reason!

Blockchain provides encrypted and decentralized method of storing information and value giving it the potential to digitally disrupt a variety of industries. But what exactly does this mean for global supply chains?

Amber Road’s brochure, Blockchain Goes Beyond Visibility to Supply Chain Transparency, explores the blockchain basics and the modes in which it is disrupting industries for the better.

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Topics: Global Trade Management, Supply Chain Visibility, Global Supply Chain

Annual ‘Souper Bowl’ Food Drive Feeds Thousands in the Raleigh Community

Posted by Kelsey Barker

In 2017 Forbes ranked Raleigh, NC, the site of one of Amber Road's biggest offices, as the #1 City in America to Raise a Family.  In 2016, Forbes ranked the city #2 in America’s Hottest Spots for Tech Jobs. For so many people in our community, Raleigh is a great place to live and work.  Yet in the midst of the 34 counties of Central and Eastern NC, there are 630,000 people that struggle to access nutritious and adequate amounts of food necessary for a healthy life.

For the past 12 years during the lead-up to the Super Bowl, Amber Road employees have participated in their own “Souper Bowl” competition in the form of a food drive. Year-over-year, the big winner is the Food Bank of Central and Eastern North Carolina.

In the last 12 years, Amber Road’s Raleigh office has collected and donated 104,301 pounds to the Food Bank. Just last month, the team collected 33,201 pounds, equating to 27,958 nourishing meals for local families thanks to the herculean efforts by Amber Road’s passionate employees.

“Though Raleigh is a great place to live and work, there are over 630,000 people among the 34 counties of Central and Eastern NC that struggle to access nutritious and adequate amounts of food,” explained Stephanie Miles, Senior Vice President, Commercial Services for Amber Road.Corporate social responsibility through our annual Souper Bowl Food Drive has been an integral part of our office culture and tradition for the past 12 years. Our intention is to continue the momentum and make the program contagious in our community, so that ‘No One Goes Hungry’,” added Miles.   

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Topics: Amber Road News

The Odds Aren’t in Favor of Your Global Sourcing and Logistics Relationship

Posted by Julia Gorman

Only 1 in 4 shippers connects sourcing and logistics on a single platform. If your organization falls into the majority (and the odds are you do) you likely miss out on opportunities to optimize global performance through the utilization of free trade agreements.

Recent American Shipper research reveals that the odds aren't in favor of your global sourcing and logistics relationship, as illustrated by Amber Road's infographic: Bridging the Sourcing-Global Trade Divide.

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Topics: Global Sourcing, Import Management, Duty Management, Export Management, Transportation Management, Trade Compliance

Webinar: Blockchain for the Global Supply Chain

Posted by Kelsey Barker

There is no doubt that blockchain technology has the powerful potential to improve supply chains and global trade management. But how?

Don't miss next week's webinar, Blockchain for Global Supply Chain: Ghost in the Machine or Breakthrough Technology? on Thursday, March 22, at 2PM EDT.

During the webinar, Dan Gardner, VP of Supply Chain for Lakeshore Learning Materials and co-founder of Trade Facilitators, Inc., and Amber Road’s Ty Bordner will analyze the blockchain value proposition and how this technology can be leveraged to improve global supply chain management functions, and ultimately, improve end-to-end performance.

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Topics: Supply Chain Visibility, Global Supply Chain

Webinar: Don’t Be Blindsided by Customs Law & Import Regulations!

Posted by Julia Gorman

Customs laws and regulations are continuously changing. This challenges your ability to comply with labor regulations and imported product restrictions, making it increasingly easy to get blindsided by penalties at the border.

At the same time, changing trade regulations and enhanced inter-agency enforcement techniques are delaying the clearance time for sensitive imports. This results in longer lead times and higher costs associated with customs exams and storage fees. 

Join Amber Road’s Global Trade Academy as we tackle the changes and potential pitfalls for importers during our webinar, Your Shipment Was Stopped? Don't Get Blindsided By Customs Laws & Regulations! It will broadcast live on Tuesday, March 20th at 2pm EDT.

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Topics: Webinars, Import Management, Global Trade Academy, Trade Compliance

Amber Road Loves Customer Engagement – Watch This New Video

Posted by Julia Gorman

We’d like to thank our global customers for engaging with Amber Road! We love hearing your comments and suggestions here at Marketing@AmberRoad, and on our GTM Best Practices LinkedIn Group and @GTMBestPractice. Your Customer Success Director always appreciates hearing from you too – so please keep engaging!

Most of all, we love when we get the opportunity to see our customers in-person. This past May, we hosted our eVOLVE User Conference at the Gaylord National Resort & Convention Center in National Harbor, just outside of Washington, DC. This was a fantastic event because we took the time to celebrate our world renowned customers, including GE, Abercrombie & Fitch, Regal Beloit, Caleres, TE Connectivity...and many more!

The user conference consisted of user-driven case studies, product updates, and best practice sessions from industry leaders. eVOLVE’s highlights and customer insights were beautifully captured in this short recap video.

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Topics: Global Trade Management, Events

As Trade with India Grows, Trade Automation Helps Pave the Way

Posted by Ty Bordner

The latest trade data from the U.S. Census Bureau shows a steep increase in U.S. exports to India for 2017 – 18 percent – making it our 15th largest export market. India is the 11th biggest importer of goods to the U.S. as well, growing by a modest 5.6 percent from 2016 to 2017. The second-most populous country in the world, India is home to 1.3 billion people and a growing middle class. These figures help explain why India is increasing in attractiveness to U.S. companies looking to expand their global footprint.

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Topics: Global Trade Content, Trade Regulatory Content, Global Knowledge, Trade Content Specialists

Stop Throwing Cash Overboard: How to Avoid Demurrage and Detention Fees

Posted by Kelsey Barker

Chances are, you’re not the only one looking to reduce demurrage and detention fees. Recently, a coalition of shippers, freight forwarders, and intermediaries urged US maritime regulators to make it easier to challenge congestion-related fees that container lines and marine terminals impose for delays that were out of their control. Terminals responded that it would cause chaos at the ports. Just this past Monday, the Federal Maritime Commission (FMC) voted unanimously to investigate further the concern of the coaltion, a welcome validation for shippers in the wake of ever-increasing volume, labor disputes and port congestion.

The FMC will discuss whether policy is needed to prevent what the coalition of shippers deemed “unfair” assessment of free time-related fees. While detention and demurrage fees have rarely been light for importers, recent instances of extreme port congestion – such as the aftermath of liner carrier Hanjin Shipping’s sudden bankruptcy, or the West Coast longshoreman’s strike in 2014 and 2015 – have exacerbated the issue. And container volume continues to rise faster than port terminals can expand.

Of course, importers and exporters will continue to rack-up large fees while the FMC slowly deliberates. But demurrage and detention fees are more than just a “cost of doing business”; they often trigger a ripple effect that throws exception into the planned supply chain flow. These exceptions lead to additional costs that add up. While many freight managers accept them as a line item, they have a detrimental impact of the bottom line.

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Topics: Landed Cost Calculation, Invoice Management, Contract & Rate Management, Carrier Selection & Booking, Transportation Management, Freight Forwarder Collaboration