Trek Bikes Streamlines Global Trade Operations with Amber Road Solution

Posted by Kelsey Barker on Thu, Aug, 25 2016 @ 9:30 AM

Trek Bikes, a major bicycle and cycling product manufacturer and distributor, has shifted its supply chain visibility and product classification into high gear with Amber Road's Trade Automation solution, aiming to lower landed costs and manage global trade.

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Topics: Contract & Rate Management, Supply Chain Visibility, Product Classification, Order and Shipment Visibility

Webinar Q&A: WCO 2017 HS Changes: Is Your Company Prepared?

Posted by Nick Fabretti on Thu, Jul, 14 2016 @ 1:47 PM

Last month, Amber Road’s Global Trade Academy broadcasted a webinar WCO 2017 HS Changes: Is your Company Prepared? Our presenters, Kristine Bols, Director of Global Trade Content at Amber Road and Suzanne Richer, Director of Amber Road’s Trade Advisory Practice, received several questions throughout the webinar. Unfortunately they did not have time to address them all during the live broadcast. We have compiled their answers into a Q&A document - here is a preview:

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Topics: Product Classification, Export Compliance, Global Trade Academy

WCO 2017 HS Changes: Is Your Company Prepared?

Posted by Nick Fabretti on Tue, Jun, 7 2016 @ 11:43 AM

The World Customs Organization (WCO) has announced significant updates to the Harmonized System (HS), which will go into effect in 2017. These changes could have a major impact on your company’s global trade processes and international supply chain. Are you prepared?

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Topics: Product Classification, Export Compliance, Global Trade Academy

Disregarding Trade Compliance is Risky Business

Posted by Kelsey Barker on Mon, Jun, 6 2016 @ 9:37 AM

A majority of executives are not investing in trade compliance training, despite potential fines, substantial penalties, and jail time, according to survey results released today from Amber Road's Global Trade Academy.

The survey of 300 U.S.-based global companies across a range of revenues and industries found that 56 percent of executives at the companies surveyed are not investing in trade compliance training, even though 28 percent of those companies had already been fined or warned by government agencies for noncompliance.

And while the vast majority (73 percent) have a stated trade compliance plan, 46 percent of surveyed companies didn’t require any training for employees and 28 percent require less than 11 hours of training – leaving a gap between having a plan and the ability to act on it. Furthermore, 55 percent had not standardized their global compliance training and 33 percent do not have a budget for trade compliance training, which opens the door to noncompliance risks as a result of untrained staff.

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Topics: GTM Best Practices, Global Trade Content, Global Trade Management, Import Compliance, Product Classification, Export Compliance, Global Trade Academy

Webinar Q&A - Classification of Apparel in Chapters 61 and 62

Posted by Nick Fabretti on Thu, May, 12 2016 @ 11:44 AM

Last month, Amber Road’s Global Trade Academy broadcasted a webinar, Classification of Apparel in Chapters 61 and 62. Our presenter, Svetlana Shubinsky, Trade Advisory Consultant at Amber Road’s Trade Advisory Practice received several questions throughout the webinar, but unfortunately, she did not have time to address them all during the live broadcast. She has compiled some of her answers into a Q&A document - here is a preview:

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Topics: Apparel, Import Management, Export Management, Product Classification, Global Trade Academy

The ACE Single Window:  A Catalyst for Change

Posted by Ty Bordner on Fri, Apr, 22 2016 @ 10:54 AM

Customs organizations around the world are finally modernizing their systems. Importers will be able to eliminate manual processes, improve visibility to trade flows, and more easily comply with applicable laws and regulations. The WCO (World Customs Organization) labels this type of system as a “Single Window” where Customs effectively centralizes the collection of data and distributes it to all required agencies to realize a coordinated and more efficient border control.

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Topics: Import Management, Import Compliance, Product Classification, Entry Management

Webinar Q&A: Classification of Parts of General Use, Parts and Accessories

Posted by Suzanne Richer on Wed, Mar, 9 2016 @ 9:26 AM

Last month, Amber Road’s Global Trade Academy broadcasted a webinar, Classification of Parts of General Use, Parts and Accessories. I received several questions throughout the webinar, but unfortunately, I did not have time to address them all during the live broadcast. Since the influx of questions was so high, I will be posting subsuquent blogs to answer some of the more advanced classification questions. I have compiled some of my answers into a Q&A document - here is a preview:

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Topics: Webinars, Product Classification, Global Trade Academy

Learn to Ensure Consumer Product Safety at ICPA 2016 Next Week!

Posted by Anthony Hardenburgh on Tue, Mar, 8 2016 @ 2:32 PM

Let’s say you’ve just imported a shipment of hoverboards to sell in the United States. You have screened all trading partners, tracked your shipment, ensured import compliance, and minimized your duty payments. However, your hoverboard isn’t legal to sell in the US just yet – it needs a label, and the guidelines surrounding packaging can be just as complicated as all the other steps you just completed.

Consumer Product Safety regulations and other OGAs exist to prevent customer deception (or facilitate value comparisons) about package contents, ingredients, size, manufacturer, and other concerns.  Any deception or non-compliance can result in heavy fines, revoked license to sell, and unflattering brand attention. So how does a company ensure that it remains compliant?

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Topics: Import Compliance, Product Classification, Product Claim Details and Storage, Product Testing

Heraeus Centralizes Global Product Master Data with Amber Road

Posted by Kelsey Barker on Tue, Feb, 9 2016 @ 9:53 AM

Product classification forms the basis for nearly every export/import control, tax, tariff, and fee imposed by Customs and other governmental authorities worldwide. Choosing the correct product classification code is critical for export compliance and for accurate payment of import duties at the port of entry. For this reason, Heraeus, a leading Germany-headquartered technology company, has implemented Amber Road's Global Product Master solution. With this solution, the global precious metals and technology company embarks on its first step to a full export controls program.

A 165-year-old family-owned company, Heraeus greatly expanded its international operations into 11 global business units. To support its international growth, Heraeus established a long-term global trade management strategy, starting with an overhaul of its product classification processes.

The Amber Road solution will centralize product classification for the global group, replacing largely manual classification processes handled ad-hoc by the various business units.  Global Product Master provides a central repository for all trade related attributes and is used to enforce trade policies, provide reporting, and power other trade solutions to automate cross-border transactions.

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Topics: Export Management, Product Classification, Export Compliance

Join Us to Learn About the Importance of Classifying Parts and Accessories

Posted by Nick Fabretti on Wed, Jan, 27 2016 @ 11:32 AM

The classification of parts requires a thorough understanding of the Harmonized Tariff Classification Schedule’s section and chapter notes. Classifiers are often challenged when a part can or cannot be classified in the machinery sections.

Join Amber Road’s Global Trade Academy for an upcoming webinar, Classification of Parts of General Use, Parts and Accessories, on Tuesday, February 9th at 2:00pm EST.

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Topics: Import Management, Export Management, Product Classification, Global Trade Academy

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