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

Webinar: Duty Drawback Simplification

Posted by Julia Gorman

The new year is quickly approaching and so are changes to the U.S. Customs and Border Protection (CBP)’s drawback program. The “simplified” duty drawback program will enable eligible importers and exporters to claim 99% of duties, fees and taxes back.

Join Amber Road’s Global Trade Academy webinar, Duty Drawback Simplification - Earning More ROI on Your 2018 Supply Chain! on Thursday, December 7th at 2PM EST.

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Topics: Duty Management

Amber Road's Rules of Origin Search Tool Facilitates the Analysis Process

Posted by Ty Bordner

Lowering or eliminating your customs duties by leveraging free trade agreements or trade preference programs is a smart business strategy. There is an essential requirement to free trade agreement utilization: validating the product against its Rule of Origin (i.e. qualification).  These rules define the criteria by which a product is eligible for participation in the trade program.  When a product is wholly obtained and produced in a single country, it is relatively easy to determine its eligibility.  Difficulties arise in determining eligibility of goods manufactured in, assembled in, or using materials originating in, more than one country.

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Topics: Duty Management, Global Trade Content, Free Trade Agreements

And Then There Were 11: the TPP Moves on Without the US

Posted by Gary M. Barraco

It was a busy Saturday at the Asia-Pacific Economic Cooperation (APEC) Summit as trade ministers from 11 countries announced an agreement to push ahead with a trade deal whose destiny was uncertain after President Donald Trump dropped out a few months ago. Despite the US decision to pull out of the Trans-Pacific Partnership (TPP) free trade pact to pursue an ‘America First’ protectionist trade agenda, the remaining 11 countries came away with a blueprint to start trading more freely between themselves in a resurrected form of the TPP deal. 

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

Apparel Importers Stay in Vogue with Trade & Transportation at USFIA's Conference

Posted by Julia Gorman

For the past 29 years, United States Fashion Industry Association (USFIA) and the American Import Shippers Association (AISA) host the Apparel Importers Trade & Transportation Conference. As the premier annual event for the fashion industry’s trade and transportation community, the conference gathers over 200 industry executives. 

Amber Road is excited to attend and sponsor this year’s 29th Annual Apparel Importers Trade & Transportation Conference on November 15, 2017 in New York City. As the Mobile App Sponsor, Amber Road will introduce the event app where attendees can plan their agenda, network, and access exclusive conference resources.

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Topics: Duty Management

A Step in the Right Direction: Tariff Reductions Ahead

Posted by Gary M. Barraco

Instead of a trick this Halloween, the footwear industry got a big treat as the US Congress put its best foot forward to provide duty-free access for some footwear products through the Generalized System of Preferences (GSP) program. As part of the proposed GSP Footwear Act of 2017, outdoor footwear, low-cost rubber sole shoes with textile uppers, and slippers could be considered for duty-free savings. In particular, imports of protective active footwear, like certain hiking, trekking and running shoes could see the elimination of existing duties which are as high as 20%. If approved, the industry gains an estimated $57 million per year in duty savings. Certain footwear not produced domestically would be eligible to be added to GSP for the first time since the program was enacted over 40 years ago.

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Topics: Duty Management

Webinar: Leveraging Free Trade Agreements: The Hidden Benefits

Posted by Mandy Hyde

Most global trade professionals are aware that free trade agreements, such as NAFTA, CAFTA, and the plethora of bilateral trade agreements can save companies millions of dollars annually in duties and taxes. This is turn creates an attractive opportunity for exporters to grow their business overseas by making their products more affordable in growing markets. Unfortunately, many organizations choose not to leverage FTAs due to the complexity and dynamic regulatory environment associated with each unique FTA. Trade professionals who still use manual or outdated FTA management solutions could be paying up to several million dollars more than necessary each year.

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Topics: Duty Management, Free Trade Agreements