Each year, importers pay millions of dollars in Customs duties unnecessarily because they don't take advantage of the First Sale rule. Improve your bottom line by exploring First Sale.
Despite news reports that globalization is dead, other trends will offset the downward spiral. If we redefine what globalization means, we won’t miss the trend again and be surprised by the results.
Global Trade Management (GTM) solutions automate complex international supply chain sourcing, logistics, cross-border trade, and regulatory compliance activities.
Working with a specialist can smooth the sometimes troubled logistical waters between the United States and Central and South America.
While the regulations that govern the movement of goods across borders can (and do) fill volumes, some are of particular importance right now. These include changes to the Harmonized System, revisions to the regulations regarding the export and import of hazardous waste, guidance on voluntary self-disclosures, mandates regarding electronic logging devices, and modifications to Cuba sanctions. This article provides an overview.
Visibility into the supply chain is clearer than ever, dramatically cutting the time from order to production and shipment. To bring the same transparency and efficiency to global trade, we need common sense changes. Find out how shippers can benefit.
Improve supply chain efficiency with these tips on how to effectively communicate with your suppliers.
Here's why the Panama Canal expansion is set to spur a realignment in which eastern ports take on a new and larger role in the continental supply chain.
Having all supply chain players connected to an intelligent cargo system maximizes the use of port infrastructure and keeps everyone informed on the “where is my cargo?” question. Accessing and sharing information on cargo through new technologies will not only smooth flows but it will also secure them.
The business of importing and exporting with the United States reaches a milestone at the end of 2016 when the Automated Commercial Environment (ACE) is fully implemented. To make its rollout seamless, FedEx developed a contingency approach that can be useful to other organizations as they adapt to this new era in trade.
The Panama Canal expansion, completed on June 26, 2016, will have an ever-widening impact on cargo flow across North America. Here's how the culmination of this decade-long expansion project will rewrite the rules of shipping.
The Trade Promotion Act (TPA) allows U.S. companies to expand into markets that would normally be out of reach due to trade barriers. It forges the path toward competitive opportunities and overall success in global markets for U.S. shippers.
EM Cosmetics brings its products to the global market through the use of international shipping and package consolidator MyUS.com.
Even before the final rulemaking of the FDA Food Safety Modernization Act is published and enforced, food shippers should take a proactive approach to make sure supply chains are compliant.
Importers and exporters should update operations to ensure they are ready for the Automated Commercial Environment.
Incoterms simplify international purchase-sales contracts. Here are tips for applying them correctly.
Establish internal controls, audits, and system checks to accurately manage the import process.
Cross-border import and export trade between the United States and Canada requires planning and expertise.
Midmarket companies can benefit from using automation to create a strategic export compliance program.
Changes to trade regulations require importers and exporters to prepare through new licensing and software updates.
Properly handling imported goods requires due diligence and continual effort.
U.S. government aims to create single-window, paper-less Customs process; Deutsche Post predicts positive growth for global express business; China looks to develop more logistics centers upstream on the Yangtze River; Canada-Mexico trade imbalance tops NAFTA summit; Mexican railroads object to proposed reform bill
Companies make contingency plans to prepare for possible supply chain disruptions caused by port labor negotiations.
Foreign Trade Zones can help global shippers cut operational costs and speed customs clearance for imports and exports.
As director of purchasing at wine company Vino del Sol, Mara Gonzalez squeezes supply chain data from a business intelligence solution.
Rebuilding the U.S. economy through trade requires enabling domestic manufacturers to regain home markets, writes Alan Tonelson of the U.S. Business and Industry Council.
The Alternative Site Framework designation is changing the Foreign Trade Zone landscape, allowing shippers a more expedient process for streamlining the supply chain.
Foreign trade zones (FTZs) are an essential tool for the growing business of third-party logistics. The National Association of Foreign-Trade Zones’ Daniel Griswold outlines the benefits shippers can gain from using FTZs.
Computer carrying case manufacturer Targus gets a handle on duty drawback with global trade management software.
If you don't file accurate import data with U.S. Customs and Border Protection, you put your company at risk for penalties and fines, warns Kevin Shoemaker, director, global solutions for Integration Point Inc.
Contingency suppliers, sourcing differentiation, special incentives, and a host of other strategies generate improvements in supply chains that reach around the world.
Dubai makes progress on its first aerotropolis, Starbucks partners with China to set up its first coffee bean farm, Canadian National accelerates auto imports, United Kingdom and France work to counter terrorism, Marks & Spencer accelerates supply chain improvement plan
Jose Fernando Nava, president, DHL Supply Chain, Latin America shows shippers how to capitalize on Mexico's attraction as a growing consumer market.
Mexico Taxes U.S. Imports, Audi's carbon friendly cars and carbon friendly transportation, Australia labors over transportation expansion, UPS opens health care logistics hubs in Singapore and China, U.S. football imports from China
10 tips for what companies should consider when locating and choosing a global distribution hub.
Importers and exporters must make sure the U.S. Customs and Border Protection's new 10+2 equation adds up. Here's the formula for successful compliance with the Importer Security Filing (ISF) regulation.
Those who suggest U.S. Customs and Border Protection's Importer Security Filing regulation, known as 10+2, adversely affects supply chain velocity shoud consider the alternative, writes Sam Polakoff of TBB Global Logistics.
From bananas to grapes and cherries, get the flavor of the fruit supply chain with these fun facts.
To gauge shipper perspectives on trade in today's world, and particularly about the shift in free trade agreement (FTA) focus, global logistics and transportation solutions company BDP polled U.S. importers and exporters attending its 29th Annual Regulatory Compliance Seminar in Houston in late February.
Integrating external content is becoming more valuable for companies seeking more automation and real-time control over their supply chain planning and execution functions.
Make sure issues that can disrupt your supply chain are limited and infrequent. Here are several predictable and unpredictable risks that you should plan for:
To uphold a reliable supply chain, companies should have a business continuity plan. Here are the lesson learned in the aftermath of the Tianjin port explosions in August 2015 and how you can apply them to your supply chain.