In a 2017 American Shipper Report on global sourcing, 58% of shippers indicated that their biggest concern today is rising transportation costs. Shipping rates are climbing much faster than in the past, mostly due to heightened consumer expectations of fast home deliveries. An expanding network of inventory distribution points adds further strain on supply chain professionals.
via Global Trade Talk https://blog.amberroad.com/blog/controlling-shipping-costs-via-multi-modal-freight-rate-visibility-1
Uncertainty over trade tariffs is already putting the squeeze on US companies. The recent tit-for-tat moves by the US and China sent ripples across the markets that turned into bigger waves across supply chains around the world. But this and other trade mêlées are adding another level of risk to cross-border shippers that go deep. Companies have to be agile enough to react to these and other changes and adapt their supply chains to avert disaster.
via Global Trade Talk https://blog.amberroad.com/blog/tit-for-tat-tariffs-call-for-closer-calculations
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.
via Global Trade Talk https://blog.amberroad.com/blog/staying-grounded-in-todays-global-trade-management-landscape
As companies continue to grow, so too do the total shipments and countries in their global supply chain, further complicating existing export compliance processes. Whether it be restricted party lists, export controls, license requirements, or the various regulatory risks exporters face on a daily basis, an automated and configurable solution is needed to make things easier - that's where Captain Compliance comes in!
via Global Trade Talk https://blog.amberroad.com/blog/captain-compliance-to-the-rescue-simplifying-export-compliance
Are you unable to make it to this year’s Bureau of Industry and Security (BIS) Update Conference in Washington, DC? Or will you make it to Washington, DC, but would like a review of the themes and updates from the show?
via Global Trade Talk https://blog.amberroad.com/blog/missing-the-bis-update-conference-this-year-catch-our-key-takeaways
Global supply chains can no longer afford to operate in traditional ways. Fax, email and phone have become outpaced by today’s rapidly changing and complex world. Technological innovations have enabled companies to replace the disconnect of traditional methods with supply chain transparency.
Surveys show that only 45% of companies have started the digital transformation, but 56% of those who have were improving profitably. That means it’s time to digitize your global supply chain and the Gartner Supply Chain Executive Conference is a great place to start!
via Global Trade Talk https://blog.amberroad.com/blog/you-cant-afford-to-wait-go-digital-at-gartner-supply-chain-conference
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:
via Global Trade Talk https://blog.amberroad.com/blog/begin-with-a-control-tower-end-with-enhanced-supply-chain-visibility
In a further indication that U.S. trade policy toward China has stiffened, the Trump Administration has initiated a punitive tariff action against China under Section 301 of the Tariff Act. Section 301 empowers the White House to impose additional import tariffs on the products of countries who maintain discriminatory policies against U.S. products and services.
via Global Trade Talk https://blog.amberroad.com/blog/importing-from-china-your-products-could-be-hit-with-a-25-percent-special-tariff
Amber Road's industry leaders have a lot to say, and this month features pieces written by Suzanne Richer (Director, Trade Advisory Practice) and Gary Barraco (Director, Global Product Marketing). Discover what they have to say!
via Global Trade Talk https://blog.amberroad.com/blog/amber-road-making-noise-in-april-2018
Last week, Amber Road’s Global Trade Academy hosted the webinar, Valuation ABC’s & Related Party Transfer Pricing Pitfalls, which reviewed the critical components of proper Customs & Border Protection (CBP)’s valuation declarations, appraised value under Transaction Value, and how to prove inter-company transfer pricing between related parties.
Marian Ladner, Managing Partner at Ladner & Associates PC, presented on behalf of Global Trade Academy. Marian comes from an extensive background in trade law, providing her with a wealth of knowledge on trade compliance. With only an hour to cover such a complex topic, many of our viewers had additional questions.
via Global Trade Talk https://blog.amberroad.com/blog/questioning-your-valuation-abcs-we-have-answers