Articles
Global Trade Management
Trade Wars, Cyber Threats Top Maritime Concerns
The global maritime industry is cautiously optimistic about the global business environment for world trade, but also concerned about the potential impact of trade tensions, cyber security, fuel costs, and other headwinds to industry recovery. Those are the findings of a new benchmark survey developed by the Business Performance Innovation Network, in partnership with Navis. […]
Read MoreDo You Need a Larger Customs Bond?
The answer could very well be yes, according to information provided by Tennessee-based transportation company Averitt Express. A lot of new tariffs have come into effect in 2018, and more are scheduled. These increases are substantial, and if they affect the goods your company imports, you are well aware of how this impacts your business […]
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Strong Im/Ex Market Fuels South Korea Trade Growth
Air trade in South Korea will remain steady due to strong exports of high technology, basic materials, and machinery parts, as well as imports of industrial raw materials and machinery parts, predicts the DHL Global Trade Barometer, an early indicator of global trade developments calculated using artificial intelligence and big data. The Barometer also expects […]
Read MoreIt’s Supposed to Be, But ACE Isn’t Simple
Importing will always and forever be complex. Efforts to simplify some of the processes have, unfortunately, not always borne fruit. The aftermath of the overhaul of U.S. customs admissibility program – Automated Commercial Environment (ACE) – has created a heavier administrative burden on importers, not a lighter one. One has to believe the agencies see […]
Read MoreGetting the Most Out of Foreign Trade Zones
When I first started working in logistics, I heard a horror story about what can go wrong when a single detail is missed in a given transaction. A classic-car collector found his dream car in Europe after many years of searching and bought it for several million dollars. When shipping the car to the United […]
Read MoreU.S.-Cuba Trade: The Intersection of Sanctions, Sourcing, and Compliance
With the changing diplomatic ties between the United States and Cuba, and expectations for the new administration to redraw U.S. policy toward Cuba, many involved in international trade are unclear of the sanctions status of trade with the island nation. The country is still embargoed and, at a practical level, for most all products, normalized […]
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Insights into Complexities of Managing Secure Global Transportation for the Government – General Dynamics IT
Operating one of the largest supply chain and logistics operations on behalf of the government, General Dynamics IT, a 2017 Inbound Logistics Top 100 3PL Provider, functions as a 3PL provider and is responsible for the shipment of goods around the world to high-threat and isolated posts. In addition to meeting contract door-to-door terms and […]
Read MoreSupply Chain Commentary: The Advantages of First Sale
Today’s supply chains are complex, and companies are constantly on the lookout for ways to lower the cost of doing business. The border represents an area for potential cost savings, with various duty-reduction methods available, such as free trade agreements (FTAs) and preference programs. However, the rules for FTAs can be complicated, and most imports […]
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GTM Solutions: Making a World of Difference
How Global Trade Management (GTM) solutions automate complex international supply chain sourcing, logistics, cross-border trade, and regulatory compliance activities.
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Stop the Free-Flowing Expenses of Demurrage and Detention
Q: What are the concealed costs of demurrage and detention? A: High demurrage and detention costs are rampant as ports are becoming increasingly congested and disruptive events such as labor disputes are occurring more frequently. Worse still, these fees accrue on a daily basis, so there’s little room for negotiating the final bill. "Hidden" free […]
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Leveraging a TMS for Domestic and Global Transportation
Q: What are the biggest challenges facing shippers in today’s economic environment? A: In today’s market, managing transportation domestically and globally in one system with a single workflow is a key factor for a more efficient and cohesive supply chain. Many businesses still use manual methods or multiple systems to manage freight, with no way […]
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Key Factors Shaping World Trade and Global Logistics
By all accounts, 2016 will be a year in which major agreements and more open markets will shape world trade and increase the global logistics that move commodities to manufacturers, and finished goods into the hands of consumers virtually everywhere on the globe. From the Trans-Atlantic Trade and Investment Partnership (TTIP) and the Trans Pacific […]
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Spring Clean Your Trade and Compliance Processes
This is the time of year when many of us begin our spring-cleaning projects around the home. Yet it is a good idea to also consider some spring cleaning of your organization’s trade compliance processes, perhaps dusting off some plans set earlier and readying programs for developments coming in the remainder of the year. Prep […]
Read MoreSelecting a Global Trade Management Tool
Selecting the right global trade management system is an important factor in growing your business. Analyzing features such as customization and security can help you determine which solution best meets your company’s needs. Ron Atapattu, president and founder of Overseas Cargo Inc., offers the following recommendations for selecting global trade management software that can take […]
Read MoreHow to Make Ship Arrival Analytics and Predictions More Precise
Ninety percent of the world’s logistics traffic moves via ocean transport, and until today, the entire logistics community of shippers, forwarders, carriers, and tracking technology providers has suffered from the struggle to consistently predict the precise arrival of the world’s ocean vessels with reliable certainty. Many in the supply chain industry claim that dynamically predicting […]
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Top 100 Logistics IT Providers & Market Research Survey
Inbound Logistics surveys the logistics technology sector and evaluates the top solutions providers leading the way to supply chain excellence.
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Bridging Performance Gaps with GTM
Q: What is driving investment in global trade management systems? A: From 2003 to 2013, the value of world merchandise trade nearly tripled, with companies from large to small aggressively pursuing emerging markets as a way to grow top-line revenues and reduce costs through low-cost country sourcing. According to a July 2013 SCM World survey, […]
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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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Automating Key Steps to Strategically Optimize Inbound Supply Chains
The increasing growth and complexity of global trade means organizations must work with a range of partners, suppliers and functional teams within the organization. Best in class companies use a variety of global trade automation tools to lower inbound costs and improve processes. According to a recent AberdeenGroup report, "Strategic Inbound Optimization: Foreign Trade Zones […]
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Global Trade in the Key of GTM
When orchestrating international shipments, global trade management solutions help trading partners sing the same tune.
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