Navigating Your Way Through Global Trade Uncertainties

Posted by David Hamilton

Today’s global trade market, subject to volatility and constant changes, presents several challenges to international companies and their supply chains. Risks to supply chains are normally categorized into issues such as production errors, unanticipated weather events, labor disputes, and qualms with supplier reliability. While these are all legitimate fears that any sensible company should monitor, special attention should also be paid to addressing global trade uncertainties—modifications in economic and political trade policies that precede shifts in regulatory compliance standards.

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

Tit-for-Tat Tariffs Call for Closer Calculations

Posted by Gary M. Barraco

Uncertainty over trade tariffs is already putting the squeeze on US companies. The recent tit-for-tat moves by the US and China sent ripples across the markets that turned into bigger waves across supply chains around the world. But this and other trade mêlées are adding another level of risk to cross-border shippers that go deep. Companies have to be agile enough to react to these and other changes and adapt their supply chains to avert disaster.

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Topics: Landed Cost Calculation, Duty Management

Customer Story: China Trade Made Easier

Posted by Joseph Gabro

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

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

Brexit Resources: Are Your Import and Export Compliance Teams Ready?

Posted by Joseph Gabro

We are officially one year away (well, 367 days if you want to be exact): On March 29, 2019, the United Kingdom is scheduled to leave the European Union. While Britain is still searching for an independent customs bill that could legislate trade relations outside customs union membership, global trade professionals must prepare for the various scenarios at hand. Although we have known about this impending Brexit since June of 2016, many questions are left unanswered - are your import compliance and export compliance teams ready for the challenges ahead?

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Topics: Import Management, Duty Management, Export Management, Export Compliance

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

1 in 4 Shippers Connects Sourcing & Logistics on a Single Platform

Posted by Julia Gorman

Traditionally, sourcing and logistics/trade compliance operations have been disparate and distinct. But believe it or not, times have changed. Today, there’s a straight line linking sourcing to global trade, yet many companies continue to treat these operations in traditional ways.

Although commonly overlooked, leveraging the connection between sourcing and trade is critical for optimal performance in today’s global climate. In order to manage supply chains in the current environment, a harmonization of data and functions needs to happen.

Amber Road is proud to sponsor American Shipper’s research report, Bridging the Sourcing-Global Trade Divide. Whether you leverage a single digital platform or not, the findings are sure to shock you.

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

Duty Drawback Simplification – All of Your Questions Answered

Posted by Julia Gorman

Last month, Amber Road’s Global Trade Academy hosted the webinar, Duty Drawback Simplification – Earn More ROI on Your 2018 Supply Chain! The new duty drawback law (HR 644) is set to become effective on February 24, 2018. These simplifying changes will provide extensive opportunities for US-based companies to receive refunds on imported goods that are then exported.

Brenda Sweetman, President of Sweetman Drawback Services LLC (SDS), is a veteran duty drawback specialist who shared her expertise as the webinar presenter. Sweetman teaches Global Trade Academy’s Certified Drawback Specialist Course and she is also a Licensed Customs Broker (LCB) and a Certified Customs Specialist (CCS).

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Topics: Duty Management

Millions in Duty Savings with Amber Road’s Trade Agreement Solution

Posted by Julia Gorman

If your organization doesn’t leverage free trade agreements (FTAs), you’re likely missing out on significant cost savings. Or maybe your organization does leverage FTAs, but your manual processes are extremely complex and time consuming. With hundreds of available FTAs, each being unique in its qualification requirements, there are many benefits to be sought.

That's why global organizations implement duty management software to combat the complexities of free trade agreement qualifications. The new case study, Premium American Brand Saves Millions in NAFTA Duties with Amber Road, tells the story of an American born company known for creating and selling home maintenance products.

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Topics: Duty Management, Free Trade Agreements

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.

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Topics: Duty Management, Free Trade Agreements

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