Global Trade Minutes Video Series Part 3: Duties vs. Tariffs

Posted by LizAnn Nealing

Global trade management can be complex…and so can the terminology! We created a series of short videos to help you understand the basics. Last week we introduced the second video in the series, which focused on landed cost. This week we will focus on duties and tariffs.

In the third video of the series, we explain the difference between a duty and a tariff. Although the two words are often used interchangeably, they are quite different.

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Topics: Global Sourcing

Global Trade Minutes Video Series Part 2: Landed Cost

Posted by LizAnn Nealing

Global trade management can be complex…and so can the terminology! We created a series of short videos to help you understand the basics. Last week we introduced the first video in the series, which focused on restricted party screening. This week we will focus on landed cost.

In the second video of the series, we explain what a landed cost is and what components are involved in this complex calculation. Take a minute to learn more about landed costs – watch this short video:

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Topics: Landed Cost Calculation, Global Sourcing

Upcoming Trade Compliance Webinar

Posted by Caroline Brown

Join Amber Road on Wednesday, February 22nd at 2:00pm EST, for a complimentary webinar showcasing TradeWizards.com, a new cloud-based portal that enables companies to classify products, calculate duties and taxes, and screen for restricted parties…for FREE!

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Topics: Webinars, Landed Cost Calculation, Global Sourcing, Export Management, Product Classification, Export Compliance, Restricted Party Screening

Amber Road Launches TradeWizards.com, a Free Cloud-based Portal for Global Trade

Posted by Annika Helmrich

Amber Road, a leading provider of Global Trade Management solutions, announces the launch of its latest trade compliance product, TradeWizards.com. TradeWizards.com is a suite of nine different research tools that helps companies import and export goods more quickly and affordably, while staying compliant with country specific trade regulations.

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Topics: Global Trade Management Software, Landed Cost Calculation, Global Sourcing, Export Management, Product Classification, Restricted Party Screening

Last Chance to Register for Tomorrow's Webinar!

Posted by Caroline Brown

Tomorrow, July 12 at 2pm EDT, Praxair and Management Dynamics will host a complimentary webinar, Trade Wizards: Your Solution to the WCO HS Changes (and More!)

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Topics: Webinars, Landed Cost Calculation, Global Sourcing, Import Management, Export Management, Product Classification, Export Compliance

Upcoming Webinar - Trade Wizards: Your Solution to the WCO HS Changes (and More!)

Posted by Caroline Brown

Join Praxair and Management Dynamics for a complimentary one hour webinar, Trade Wizards: Your Solution to the WCO HS Changes (and More!), on Tuesday, July 12 at 2pm EDT. Global trade compliance experts will discuss the WCO 2012 HS changes, show you how to prepare, and demonstrate how Trade Wizards, a web-based research tool-set, can help answer your complex trade questions instantly.

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Topics: Webinars, Landed Cost Calculation, Global Sourcing, Import Management, Export Management, Product Classification, Export Compliance

Understanding the Science of Importing for Small to Mid-sized Companies

Posted by Caroline Brown

There is a lack of awareness in some small to mid-sized companies (SME) with the amount of tax planning for import duties. Because of this, there are a lot of missed opportunites to reduce company costs. According to Import Duties: Bend Me, Shape Me, Any Way You Want Me in CFO magazine, there are many key strategies to use import duties to your advantage.

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Topics: Global Sourcing, Import Management, Sourcing Analysis

Encouraged Bilateral Trade for Small to Mid-sized U.S.Companies to India

Posted by Annika Helmrich

According to American Shipper magazine, both the U.S. and Indian government have announced an incentive to encourage small to mid-sized companies to trade bilaterally between the two countries.

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Topics: Global Sourcing, Export Management, Sourcing Analysis

Management Dynamics Releases Trade Wizards 10.0 Web-based Research Tool

Posted by Emily Thornton

EAST RUTHERFORD, NJ, November 18, 2009 -- Management Dynamics, a leading provider of Global Trade Management solutions, today announced the release of Trade Wizards 10.0, a Web-based portal to trade content from 122 countries that facilitates the research of complex trade questions. The new release makes it easier for companies to classify products, calculate landed costs and perform document determination at the Harmonized Schedule (HS) level. In addition, a new user experience allows users to manage their searches and ultimately find information faster.

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Topics: Press Releases, Landed Cost Calculation, Amber Road News, Global Sourcing

10+2 Compliance for SMEs

Posted by Emily Thornton

After posting yesterday on some of the issues the new 10+2 rule is creating for importers, I found this article in American Shipper that discusses some of the challenges specific to smaller importers: Reaching the Little Guy. Some major challenges are that many small businesses do not have representatives in foreign countries to track down the necessary information, they are hindered by working in different time zones, or they do now even know who the primary manufacturers are that are used by the buyers with whom they place their orders. I haven't seen this issue discussed a whole lot in the extensive press coverage on 10+2, but seeing as how small and medium-sized enterprises do make up a significant percentage of importers, it's definitely worth taking a look at.

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Topics: Global Sourcing, Import Management