Pivotal Trade Initiatives: Increased Duties & The Global Supply Chain Impact

Posted by Suzanne Richer

The importing community is reacting to the recently announced tariff increases based on a recommendation from the United States International Trade Commission. This led to President Trump’s move to add a 30% tariff on solar cells and up to 50% for imported washing machines. The tariffs on the solar cells would decrease over a four-year period. 

The President is using Section 201 of the Trade Act of 1974, the so-called “escape clause” to take this action. This rarely used statutory provision empowers the President to grant temporary import relief, by raising import duties or imposing non-tariff barriers on goods entering the United States that injure or threaten to injure domestic industries that produce similar goods.  

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Topics: Import Management, Import Compliance, 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

Forbes Looks Ahead to Import Management in 2018: Amber Road CEO Weighs In

Posted by Julia Gorman

With 2018 on the horizon, players in the supply chain space have been reflecting on the past year in hopes to predict what the future has in store. From the political climate to natural disasters, supply chains have been taken for a wild ride in 2017. If this is any prescience for how to prepare for the approaching year, global organizations should expect the unexpected.

Forbes’ recent article, Supply Chain Trends To Watch In 2018, explores the key supply chain trends for the upcoming year. Categories include; omnichannel revenue management, logistics workers and labor shortages, tariffs and global supply chain networks, and the hype surrounding digital technologies.

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Topics: Import Management

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

How to Fully Address the New ACE PGA Requirements

Posted by Joseph Gabro

US Customs and Border Protection (CBP) is leveraging the Automated Commercial Environment (ACE) system to implement a Single Window with Partner Government Agencies (PGAs). As a result, importers must now prepare all data elements prior to the arrival of goods.  Considering 10-75 data points must be declared at the time of admission, importers must find a way to ensure that the correct information is being submitted in a timely manner.

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Topics: Import Management, Entry Management, Import Customs Filing

Moving at the Speed of Trade: Customs Filing Simplified

Posted by Ty Bordner

The world relies on commerce.  Given the current global trade environment and the ongoing shifts in trade policies around the world, customs management is as important as ever. In its 2016 Import Benchmark Report, American Shipper magazine reports that customs self-filing is a growing trend in the industry.  Tools and systems are readily available, providing the shipper with choices in how they file the required information with customs agencies.  Working with third party logistics providers may make sense for some organizations, but leveraging software to file data directly with customs provides added value to many companies.

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

Webinar: How Will the U.S. Border Adjustment Tax Affect Importers?

Posted by Julia Gorman

Nothing dominates the importing and exporting scenario in the United States more readily today than the discussion around a border tax. With a long-standing trade deficit, the U.S. imports far more than it exports and the proposed border adjustment tax (BAT) would hit imports for an additional 20%. There are supporters and detractors on both sides. 

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Topics: Import Management, Import Compliance

Polaris Conquers Future Challenges in Digitization, Globalization, and Scalability

Posted by Kelsey Barker

Looking to 2017 and beyond, the stakes for supply chain leaders continue to rise. Executives at the SCM World Live Americas conference next week will learn how Polaris is automating its global supply chain activity to address current and future challenges in digitization, globalization, and scalability:

  • Eliminated or mitigated trade flow gaps
  • Ensured quality trade procedures
  • Optimized internal and third-party resource utilization

Using digital supply chain touch points and a new resource structure, Polaris has successfully created a strong foundation built for scale and flexibility. 

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Topics: Import Management, Free Trade Agreements, Global Supply Chain

Wall Street Journal: Brace Yourselves... Changes Are Coming!

Posted by Joseph Gabro

As you are probably aware, the World Customs Organization (WCO) announced updates to the Harmonized System (HS), which means major changes are just around the corner! The Wall Street Journal took notice in their new Morning Risk Report: Changes Coming to Product Classification System.

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Topics: Import Management, Export Management, Product Classification