Let’s Talk About Global Sourcing

Posted by Gary M. Barraco on Tue, Apr, 23 2019 @ 1:04 PM

When comparing today's retail environment with the past, it isn't surprising that the industry remains focused on improving visibility in the supply chain (again).  Anyone who reads the daily news realizes the greater complexity of our business. You've got fast fashion, global competition, changing demographics, seismic political shifts, demanding consumers, product innovation, and throw in an NGO or two pushing for ethical sourcing and sustainability (rightfully so). So many things are affecting apparel and footwear companies, many of which brands have very little control over.

There are things companies can have better control over: supply chain visibility for one.  Generally, visibility means that you know what's happening throughout the product life-cycle of your goods and where it's happening at any given time. Moreover, while there are different levels of visibility, I think what we want to discuss is full end-to-end visibility – I like to think of it as a transparent glass pipeline – that allows access to every piece of data on a given product at any given time. And it's essential beyond being called a "buzzword," because full visibility allows a company to deliver their products to their customers on-time and with the level of quality that people have come to expect.

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Topics: China Trade Management, Global Sourcing, Events, Supplier & Product Traceability

Speed is the Need in Supply Chains

Posted by Veronika Clough on Thu, Feb, 28 2019 @ 11:29 AM

New supply chain technology, changing trade regulations, and increased competition is driving the trade world at record-breaking speed. The pace means forward-thinking companies must take thoughtful steps to harness the power of the latest solutions to streamline global supply chains. In a range of industry publications, Amber Road’s subject matter experts provide thought leadership to help companies win the race.

Navigating Challenging Global Trade Currents in Supply Chain Brain

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Topics: China Trade Management, Global Trade Management Software, Global Trade Content, Global Supply Chain, Sourcing Optimization, Supplier & Product Traceability

Moving Out Of China Isn't So Easy

Posted by Daniel Smith on Tue, Jan, 22 2019 @ 10:08 AM

There has been a lot of recent buzz about companies relocating sourcing or manufacturing out of China. It’s easy to understand why. Supply chains are running at full steam as the economy is booming in many parts of the world, while in other parts economies are taking a hit from obstacles to open commerce and trade. Protectionist trade policies have led to new tariffs – actual and potential – and the accompanying cost increases have led to a general attitude of trade uncertainty, specifically between the US and China.  According to an Amber Road and AAEI 2018 report on Trade Trends, 77% of US importers surveyed consider shifting trade policies as their top challenge in the road ahead.  More than half of these companies also rank the cost of goods sold as their top concern. These higher tariffs add to the total landed cost, eventually affecting the price on the shelf.

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Topics: China Trade Management, Duty Management, Free Trade Agreements, Bill of Material Qualification

China's Trade War Going On Behind the Wall

Posted by Gary M. Barraco on Thu, Aug, 23 2018 @ 12:20 PM

It’s incredible how many people who are not in the supply chain business know a whole lot about global trade today – but not for the right reasons. The ongoing trade wars between the United States and China have taken center stage in every media outlet around the world, and organizations buying and selling goods globally are feeling the effects. However, recent dramatic regulatory changes in China have been dwarfed by the tit-for-tit tariff talk. These changes have equal importance and impact on global trade, yet most shippers aren’t tuned-in quite yet.

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Topics: China Trade Management

Customer Story: China Trade Made Easier

Posted by Joseph Gabro on Mon, Apr, 23 2018 @ 10:55 AM

Tariffs...protectionism...trade wars?! While trading internationally with China has always been a difficult task, recent headlines make it seem like an impossible endeavor! But that is far from the truth. It is important for companies engaging in import and export activities in China to take into account all components of the supply chain and be proactive in an ever-changing environment. This global apparel leader did just that and enhanced their global supply chain capabilities as a result!

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Topics: China Trade Management, Duty Management, Free Trade Agreements

The China Factor: Global Trade’s Big Hub

Posted by Gary M. Barraco on Mon, May, 22 2017 @ 10:45 AM

Business often comes down to numbers, with bottom lines, profitability, growth and more, all part of the ongoing calculation of making a company succeed.  Unfortunately, the recent upheavals in global trade have made these calculations much more difficult. Unpredictability has become the new normal, with rising protectionism, saber-rattling from global leaders, and slow economic growth hindering financial projections. One factor that must be part of the equation for companies doing business globally is China.

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Topics: China Trade Management, Duty Management, Foreign-Trade Zones

Upcoming Webinar: Taming The Dragon

Posted by Chester Yavari on Mon, Apr, 24 2017 @ 11:01 AM

China is widely regarded as one of the most powerful economies and countries in the world, and with this being said China’s trade relationships face an uncertain time with the United States, forcing China to expand its relationship with the European Union. With these growing uncertainties and The New Silk Road on the horizon, navigating this dynamic market is more important than ever. However, paving your path through this market as importers and exporters alike is no easy task- implementing the proper policies and a China trade management solution is paramount to your company’s success.

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Topics: China Trade Management, Duty Management, Foreign-Trade Zones

The Noodle Bowl of Bilateral Trade in Asia

Posted by Julia Gorman on Tue, Mar, 14 2017 @ 2:00 PM

In the early 2000’s, bilateral trade agreements started popping up in Asia at a feverish pace. As opposed to multilateral trade agreements, bilateral agreements are negotiated between two individual countries. Although the removal of additional parties alleviates the process of negotiating terms and conditions, this is merely a short-term benefit. The quick fix of bilateral agreements ultimately results in an increased amount of free trade agreements as a means of compensating for unaccounted parties.

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Topics: China Trade Management, Duty Management

Video Series Chapter 5: Duty Management

Posted by Joseph Gabro on Wed, Oct, 5 2016 @ 11:00 AM

Continued from Chapter 4: Logistics

Minimizing duties is one of the fastest and easiest ways to squeeze significant financial returns out of a company's global supply chain. Duty minimization opportunities come in many forms, but many companies fail to take advantage of these programs due to the perceived difficulty of qualifying for and administering them.

The fifth video in our series explains how automating the duty management process is the best way to reap the benefits – like cutting duties and taxes by 80-100%.

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Topics: China Trade Management, Duty Management, Foreign-Trade Zones, Free Trade Agreements

How to Prepare for China’s New Standardized Customs System

Posted by Colleen Bush on Thu, Aug, 11 2016 @ 12:04 PM

It is no secret that conducting trade in China can be rather difficult and complex, but that might all change with China’s brand new standardized Customs system.  This automated system was created by China’s General Administration of Customs (GAC) in order to simplify trade by unifying Customs and standardizing nationwide enforcement of declaration issues, classification and valuation. The pilot program began in Shanghai in June, with a goal of national implementation by 2020.

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Topics: China Trade Management, Duty Management

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