Learn Your Valuation ABC’s With Global Trade Academy's Webinar

Posted by Julia Gorman

valuation-200x200The U.S. Customs & Border Protection (CBP)'s valuation declarations contain critical components that can end in crisis when left unacknowledged. For seamless trade, global companies must understand the basic components of appraised value under Transaction Value and how to prove inter-company transfer pricing between related parties.

Join Amber Road's Global Trade Academy for our upcoming webinar, Valuation ABC’s & Related Party Transfer Pricing Pitfalls, on Tuesday, April 17 at 2pm EDT. The webinar will address your top questions surrounding value for appraisement:

  • What’s an acceptable transaction value between unrelated parties?
  • What’s “acceptable” related party transfer pricing?
  • Acceptable proof for a CF 28; Focused Assessment (FA), or Importer Self Assessment (ISA) program

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Topics: Webinars, Global Trade Academy, Trade Compliance

The Odds Aren’t in Favor of Your Global Sourcing and Logistics Relationship

Posted by Julia Gorman

Only 1 in 4 shippers connects sourcing and logistics on a single platform. If your organization falls into the majority (and the odds are you do) you likely miss out on opportunities to optimize global performance through the utilization of free trade agreements.

Recent American Shipper research reveals that the odds aren't in favor of your global sourcing and logistics relationship, as illustrated by Amber Road's infographic: Bridging the Sourcing-Global Trade Divide.

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Topics: Global Sourcing, Import Management, Duty Management, Export Management, Transportation Management, Trade Compliance

Webinar: Don’t Be Blindsided by Customs Law & Import Regulations!

Posted by Julia Gorman

Customs laws and regulations are continuously changing. This challenges your ability to comply with labor regulations and imported product restrictions, making it increasingly easy to get blindsided by penalties at the border.

At the same time, changing trade regulations and enhanced inter-agency enforcement techniques are delaying the clearance time for sensitive imports. This results in longer lead times and higher costs associated with customs exams and storage fees. 

Join Amber Road’s Global Trade Academy as we tackle the changes and potential pitfalls for importers during our webinar, Your Shipment Was Stopped? Don't Get Blindsided By Customs Laws & Regulations! It will broadcast live on Tuesday, March 20th at 2pm EDT.

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Topics: Webinars, Import Management, Global Trade Academy, Trade Compliance

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

North Korea Trade Sanctions Affect Social Compliance

Posted by Julia Gorman

Social Responsibility Team, Meet Trade Compliance Team

Not that the two teams haven’t talked in the past, but generally social compliance and customs compliance aren’t sitting in meetings together. However, with the recent enforcement of North Korean sanctions, the social and trade compliance teams can expect to spend a lot more time working together.

On August 2, 2017, provisions were made to the Countering America’s Adversaries through Sanctions Act (P.L. 115-44) prohibiting the entry of any merchandise mined, produced, or manufactured wholly or in part by North Korean nationals or citizens into the United States. It is ever more critical that US importers are fully aware of their compliance responsibilities, the risks associated with forced labor, and have the necessary systems in place to ensure their supply chains are free of forced labor.

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Topics: Trade Compliance, Risk and Quality Management, Facility Compliance

Webinar: Are You Investing Enough In Trade Compliance Training?

Posted by Kelsey Barker

The regulatory landscape is more complicated than ever before – and export violations, warnings, and fines are on the rise. Have companies invested accordingly in their trade compliance training programs? Amber Road’s Global Trade Academy surveyed over 200 companies to uncover how many have progressed in their training efforts. 

Join our complimentary webinar, Are You Investing Enough In Trade Compliance Training? 2017 Survey Results Revealed, on Tuesday, August 29, at 2PM EST to benchmark your own training efforts against your peers.

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Topics: Global Trade Academy, Trade Compliance

Think Like a Futurist at the Rider Supply Chain Symposium

Posted by Julia Gorman

Uncertainty is perhaps the greatest industry trend of 2017. Rooted in the changes to our political climate, inevitable supply chain risks, and drastic shifts in customs and trade patterns, global transactions are riddled with challenges. As a trade compliance professional, you know that operating in a volatile environment requires overcoming the uncertainty that complicates even the most mundane of tasks.

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Topics: Global Supply Chain, Trade Compliance, Risk and Quality Management

Santa Replaces Reindeer-Based Visibility System to Tackle Cross-Border elf-Commerce

Posted by Kelsey Barker

The original pioneer in cross-border elf-Commerce, North Pole Industries (NPI) has had to adapt with the times just like any other retailer. The key, Santa says, is investing in technology and making process changes in advance of the holiday season.

“We needed to brace ourselves against disrupters that could send our supply chain into a tailspin the night before Christmas,” says Santa, Chief Executive Elf of NPI.

To that end, NPI has worked to automate and track nearly all of its global trade operations with Amber Road’s Trade Automation solution suite. The first step was the most crucial in a deadline-based industry: automating NPI’s trade compliance processes to ensure that Santa’s sleigh doesn’t get caught up in Customs on its way to chimneys around the world. Amber Road’s Restricted Party Screening tool, backed up by its extensive Global Knowledge® database, guarantees that only good little girls and boys are on the approved toy recipients list.

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Topics: Retail, Apparel, Supplier Management, Supply Chain Visibility, Free Trade Agreements, Global Supply Chain, Trade Compliance

Webinar Q&A: Labeling Apparel – Getting it Right!

Posted by Robin Grover

On July 12th, Amber Road’s Global Trade Academy broadcasted a webinar on Labeling Apparel – Getting it Right! Our presenter, Robin Grover from Amber Road, received several questions throughout the webinar and unfortunately did not have time to address them all during the live broadcast. We have compiled his answers into a Q&A document - here is a preview:

Are there specific guidelines for faux fur labeling?

The FTC does not require faux (also called “artificial” or “fake” fur) to be labeled since it has no actual fur content[1].   Several states, however, have adopted their own regulations which mandate that if an item appears to be fur but does not so qualify the product’s label must both state that it is “faux fur” and specify the actual fiber content. As a consequence, many major U.S. retailers of artificial furs and the suppliers of such products to them will require the inclusion of a faux fur label in all such products instead of maintaining two sets of faux fur inventory.  It proves costly to maintain one set of such product inventory to be sold in states with faux fur labeling requirements and another set of inventory destined for states that do not have faux fur labeling mandates.  Those state regulations requiring the labeling of so-called “faux fur” or “artificial fur” products have been enacted by: Delaware; Massachusetts; New Jersey; New York; Wisconsin.

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Topics: Import Management, Import Compliance, Global Trade Academy, Trade Compliance

Labeling Apparel – Getting it Right!

Posted by Ryan Gudovitz

The labeling rules for apparel products are detailed and numerous.  Specialty materials such as fiber, bamboo, and fur all require an especially strong understanding of the Federal Trade Commission’s (FTC) requirements.

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Topics: Apparel, Import Management, GTM Best Practices, Import Compliance, Global Trade Academy, Trade Compliance