The Digital Global Supply Chain: Party of the Year!

Posted by Julia Gorman

You were invited to the digital supply chain party – but are you going? Considering the added value of collaboration, analytics, automation, and flexibility, it’s a hard invitation to pass up. However, many global companies struggle to justify the cost of a global trade management solution, which is your ticket into the party.

Amber Road is excited to sponsor the ARC Advisory Group report, The Digital Supply Chain: Don’t Get Left Out Of The Party. The report looks at the digital global supply chain as a pot-luck dinner party. As the goal of a pot-luck dinner is to gather a variety of food and good company, a successful pot-luck requires planning and coordination by the host.

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Topics: Global Trade Management, Global Supply Chain

A CFO's Guide to Transforming the Global Supply Chain

Posted by Joseph Gabro

As CFOs move beyond traditional accounting responsibilities to take on strategic roles in their organizations, many realize that they must do more to optimize their global supply chains. The solution? Implementing a digital model of the global supply chain to better share, process, and analyze information.

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Topics: Global Trade Management Software, GTM Best Practices, Global Trade Management

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

Staying Grounded in Today’s Global Trade Management Landscape

Posted by Julia Gorman

The landscape of global trade management has never achieved a consistent pace, and likely never will. Uncertainty has grown to be synonymous with the global trade climate, making it nearly impossible for importers and exporters to maneuver effortlessly. As one might say, a lot of things are up in the air.

Amber Road is proud to sponsor American Shipper’s Global Trade Management Landscape Report: Up In The Air. The report reflects research that exposed an urgent need for global companies to consider initiatives that structure their data and assess how trade policy changes might impact their organizations. The report nods to global trade management systems and services as the most effective solution to global operations. 

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Topics: Global Trade Management, Global Knowledge

Begin With a Control Tower & End With Enhanced Supply Chain Visibility

Posted by Paris Riley

What is supply chain visibility? Depending on where you go and whom you ask, the answer might differ. True end-to-end visibility extends beyond just tracking containers and shipping logistics. It disrupts the traditional corporate information silos and provides company-wide transparency that can greatly improve the global trade management process. Often, the given definition of supply chain visibility fails to encompass the essence of "true visibility," like what you achieve in a supply chain control tower scenario. Every step in the supply chain needs to be both visible and managed; this requires all partners and data to be digitized.

Amber Road’s new eBook, Creating the Global Supply Chain Control Tower – Beyond Simple Visibility, discusses the often muddled definition of supply chain visibility and the breadth of benefits that come from creating a digital global supply chain control tower. The four key benefits from this level of visibility includes:

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Topics: Global Trade Management, Supply Chain Visibility

Digitizing The Global Supply Chain: Talking Logistics Interview

Posted by David Hamilton

 
Ty Bordner, SVP of Marketing and Business Development at Amber Road, speaks with Adrian Gonzalez, President of Adelante SCM and Founder of Talking Logistics, about the key elements of digitizing the supply chain. Adrian and Ty take a deep dive into the following questions:  
  • What does digitizing the supply chain mean?
  • How can companies get started? Where does the journey begin?
  • What value and benefits can organizations derive from it?
  • What new technologies and opportunities are shifting the landscape? What actions should companies take to keep up with future advancements?
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Topics: Global Trade Management

Your Blockchain Questions Answered: Blockchain for Global Supply Chain Webinar Q&A

Posted by Kelsey Barker

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

That's the question Dan Gardner, VP of Supply Chain for Lakeshore Learning Materials and co-founder of Trade Facilitators, Inc., and Amber Road’s Ty Bordner both answered during Amber Road's recent webinar, Blockchain for Global Supply Chain: Ghost in the Machine or Breakthrough Technology? Of course, blockchain is such a top topic these days that Dan and Ty's introduction sparked a ton of debate, and they were only able to address a fraction of viewers' questions during the hour-long webcast. Luckily, we've compiled their answers to these queries below. See if they've answered some of your biggest questions about how blockchain can be applied to the global supply chain, then watch the webinar on-demand here

  • Question: Although I understand "how" this can work for the Global Supply Chain, what I don't understand is "why" it could be preferable to existing data tracking tools?
    • Answer: As we all know, the global supply chain is highly complex, and there are many different types of use cases spanning the process from purchase order to payment. Not all of the processes are appropriate for Distributed Ledger Technology (DLT). The most appropriate use cases would have attributes which lend themselves to the need for absolute trust and exchange of value.
  • Q: As a solo exporter, should I adopt this system in my trade financing operations? Can a block of documents be used for satisfying the Letter of Credit (L/C) performance?
    • A: The Letter of Credit use case seems to be very compelling for DLT (i.e. Blockchain). There clearly is an exchange of value with a Letter of Credit and many of the terms and conditions of an LC can be automated as part of set of business rules (smart contracts). Of course the information representing the LC and the actual movement of the goods (BoL, Commercial Invoice, Packing List, etc.) must be in a digital form.
  • Q: Contracts are confidential, but how does confidentiality/anonymity work in a distributed ledger?
    • A: Blockchain (DLT) technology can be implemented in different ways. There is a concept of a public blockchain (Ex. Bitcoin) and a private or permissioned blockchain. In a permissioned blockchain only the parties that have been given privileges will be able to see confidential information.
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Topics: Global Trade Management, Supply Chain Visibility, Global Supply Chain, Supplier & Product Traceability

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

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

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

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