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Communication Insights Boost Shipper-Supplier Relationships
Shippers who acknowledge that they have the power to enable their own supplier base to satisfy their needs as well as their customers’ are on the right track. In particular, North American importers would be well served to emphasize stronger communication practices with Asian exporters to boost supply chain efficiency. Stronger communications go beyond monitoring […]
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Cargo Becomes Intelligent So Do Ports
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.
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Getting Ready for ACE
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 to be fully implemented.
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Shippers Should See Positives from the Trade Promotion Act
When the U.S. Congress passed the Trade Promotion Act (TPA) in June 2015, debate over its benefits and how its passage would affect the U.S. economy lingered. U.S. Congress felt that the goal of TPA and its historical record were solid proof of the benefits this legislation would provide. Although TPA is not a trade […]
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The Beauty of Global Logistics
A total makeover of EM Cosmetics’ global distribution process, and partnership with a consolidator, produces amazing results.
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Customs Compliance: Small Mistakes Can Lead to Big Problems
Diverse, evolving global trade regulations require companies to implement systems and procedures that ensure strict adherence. Large businesses have in-house compliance staff, but those responsibilities might hold a more vague spot in small enterprises. With stiff penalties at stake—penalties that could put some organizations out of business—small companies must take an aggressive stance on compliance. […]
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Delivering Reliability in a Challenging Market
THE CUSTOMER: This global shipper is a leader in frozen and refrigerated (reefer) food products and logistics marketing. They work with supplier partners and customers in more than 140 countries on six continents. They’re one of Maersk Line North America’s top five refrigerated export customers. THE PARTNER: Maersk Line, Florham Park, NJ Founded in 1904, […]
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Incoterms® 2010: Speaking the Same Language
Incoterms 2010 rules are 11 terms of shipment and delivery used in business-to-business purchase contracts and tangible portable goods sales. The rules were developed by the International Chamber of Commerce, a Paris-based organization providing trade-related rules and services through its worldwide network of affiliates. Since their inception in 1936, Incoterms have received worldwide acceptance. They […]
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Are You Ready to ACE It?
On Feb. 19, 2014, President Obama signed an Executive Order intended to streamline the export/import process. It establishes December 2016 as the completion date for the International Trade Data System (ITDS), which will allow businesses to transmit, through an electronic "single-window," all the data required to import or export goods. The Automated Commercial Environment (ACE) […]
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What Midmarket Companies Need to Know About Trade Compliance
Q: What is the status of midmarket companies in the global trade arena? A: Global trade has become increasingly attractive to the midmarket—defined as companies with revenues between $5 million and $1 billion—because of lower sourcing and production costs in some developing countries, as well as rising consumption in some overseas markets. Between 2012 and […]
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