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

Webinar: Achieve Authorized Economic Operator (AEO) Status

Posted by Julia Gorman

Is your organization prepared for the upcoming changes as the implementation of Brexit approaches? Once 29 March 2019 rolls around, your company must have the proper trade compliance processes in place to navigate in the post-Brexit landscape.

Amber Road’s Global Trade Academy is here to support your organization through this trying process. Join our upcoming webinar, Navigate the Post-Brexit Landscape: Achieve Authorized Economic Operator (AEO) Status on Tuesday, January 16, 2018 at 11:00AM EST.

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Topics: Webinars, Export Management, Export Compliance

Feeling the Winter's Cold? For Export Controls, It's Hot in Brussels!

Posted by Arne Mielken

On 19 December 2017, Amber Road joined hundreds of trade professionals at the 2017 Export Control Forum in Brussels hosted by the Estonian Presidency of the Council of the European Union and the European Commission. The Forum was a great opportunity to participate in discussions about the ongoing export control programs in the EU and learn about the current legislative developments regarding the proposal for a modernisation of EU export controls.

High-ranking speakers from EU institutions and international organizations discussed several important topics around export controls including the new proliferation threat landscape in 2017. Amber Road proactively participated and the key points of the conference are summarized here.

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Topics: End-Use Management, Export Management, Deemed Exports, Export Compliance

Santa's Restricted Party Screening Could Cost Him this Christmas - Could Yours?

Posted by Mandy Hyde

With the recent changes to export restrictions and sanctions around the globe, Santa may have trouble delivering his presents this Christmas. Although Kris Kringle and a majority of exporters already realize what's at stake if they commit export violations, a recent survey found that only 53% of exporters have a full Export Compliance Program (ECP) in place. For many companies, the variety of components involved with implementing a full ECP can be daunting. One way to begin the process of building a complete ECP is to implement a robust, automated screening process with restricted party screening and sanction capabilities.The recurring revisions to export restrictions and sanctions from governments around the world make it challenging for any company to still be manually screening. The United States, especially, has been busy trying to make updates to exporting policies as the Trump administration re-evaluates Obama-era trade tactics. How sure are you that your company's compliance process is keeping you out of harm's way? Are you prepared for the most recent updates to sanctions and entity lists, as well as potential changes still to come in 2018? If you had to pause before answering either of those questions, you and your company could already be at risk.

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Topics: Export Management, Export Compliance, Restricted Party Screening

Know Your Customer.....and Everyone Between You

Posted by Mandy Hyde

Companies today are exposed to a plethora of risks because of the dynamic and collaborative nature of supply chains. While it's impossible to eliminate all the risks that may exist in the vast business ecosystem, it is possible to mitigate some of these dangers by implementing an export compliance program with a robust restricted party screening strategy.

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Topics: Export Management, Export Compliance, Restricted Party Screening

GEODIS Selects Amber Road to Boost its Trade Compliance Capabilities

Posted by Kelsey Barker

European companies face increasingly complex global trade regulations, especially when ensuring compliance with global sanctions and embargo lists. That's why GEODIS, part of SCNF Logistics, decided that it needed an automated solution to screen its third-party trade partners. 

As a leading European transport and logistics provider with a worldwide network, GEODIS is dedicated to maintaining the highest level of trade compliance. Historically, verification of customers, partners and transactions was handled semi-independently in each of GEODIS’ five lines of business, with some oversight by the group Customs department. As part of its continual drive to improve standards while increasing efficiency, GEODIS looked for a way to automate and centralize those processes.

Using the Restricted Party Screening module in Amber Road’s Export On-Demand solution, GEODIS will be able to transform its screening processes, replacing numerous disparate and partial systems with a single system covering its worldwide operations.

“Solidifying our compliance systems allows GEODIS to grow in a more assured way, as it protects us from risky transactions and enables us to prove to customers that we are compliant with export control regulations,” said Bruno Beauvillier, Group Customs and Export Control Director at GEODIS. “We chose Amber Road because of its ability to maintain hundreds of lists, and the presence of a local Amber Road team in France gave us great value in supporting our decision process.”

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Topics: Export Management, Export Compliance, Restricted Party Screening

Did You Miss Out on BIS Update? Join Our Recap Webinar!

Posted by Kelsey Barker

The Bureau of Industry & Security's annual Update Conference wrapped up last week in DC, where government officials and industry leaders learned and exchanged ideas about export control issues. Attendees discussed hot topics such as trans-shipments, national security, end user errors and enforcement, and the ZTE penalty - the largest ever assessed.

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

Export Compliance Violations - Are You In Danger Too?

Posted by Mandy Hyde

Companies violate export compliance laws every day. Either an organization intentionally commits export violations and misleads the government, or simply lacks the proper export compliance program to alert them when in danger. 

Either way, these violations can ultimately lead to millions of dollars' worth of fines, loss of credibility, a tarnished reputation, imprisonment and loss of exportation privileges. Although a majority of companies would never intentionally commit export compliance violations - the latter happens all too often to unsuspecting organizations with an outdated, manual or weak export compliance solution.

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Topics: Export Management, Export Compliance

Making Lemonade in the Age of Trade Restrictions

Posted by Nick Fabretti

Unpredictability around trade protectionism isn't just limited to the US, or even the western hemisphere. For global companies sourcing and shipping around the world, it can be important to know some of the quirkier import and export anomalies, saving time and avoiding headaches from denied shipments and surprise tariffs.

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

Duty Drawback Success Story: A $1.3 Million Return on Investment

Posted by Suzanne Richer

Duty Drawback represents one of Customs’ most long-standing benefits to firms, as it offers companies a refund of up to 99% of taxes, duties and fees paid when imported merchandise is exported or destroyed within certain timeframes. The concept is simple – match your import entry documents with the corresponding export docs, file for expedited payment processing, and voila! Money will flow into your bank account.

As simple as it seems, drawback regulations are among the most complicated, and it is estimated that $2.8 billion dollars is left unclaimed by companies eligible for refund. Enter Amber Road’s Global Trade Academy – after attending the unique 3-day Duty Drawback Certificate Program, attendees have succeeded in securing incredible refunds for their firms.

One great success story is that of Tammy Anderson, Logistics Supervisor with an electronics firm, who in less than one year was able to secure $1.3 million dollars from her drawback program.  

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