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Global Trade Content: Unlocking the Supply Chain Value
New Content-as-a-Service solutions deliver content that exists outside an organization. This outside-in perspective is spurring companies to find new value to make supply chain planning and execution inherently more intelligent—especially when it comes to global trade. Content solutions can, for example, help companies properly classify goods to ensure compliance while minimizing duties and tariffs; research, […]
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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Commentary: Mitigating Supply Chain Risk
Think of shipping cargo like a financial portfolio: It’s important to diversify. That’s because there are inherent risks when shipping via air and ocean: delays, damaged cargo, weather events, etc. Cargo insurance, though critical, isn’t always enough to protect you and your business. You need a plan that covers all the predictable and unpredictable risks, […]
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Enhancing Supply Chain Continuity: What We Learned from the Port of Tianjin Explosion
Just as the Chinese word for crisis contains the characters for danger and for opportunity, a disaster in China was the catalyst for creating an enhanced business continuity management system and a more robust supply chain offering. Challenges in supply to China There are challenges in supply of gases and chemicals to China. Import/export lead […]
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Ocean Freight Visibility on the Horizon?
Inbound Logistics attended the Digital Difference event in NYC where Maersk unveiled its partnership with Microsoft. What does that mean for ocean shippers? The possibilities are exciting. In the works… Connected vessels: Ships “talk” to each other to improve performance and make shippers’ supply chains more predictable. Actionable data: Shippers can see exactly where their […]
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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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Redefining Globalism?
Not long ago, Deutsche Bank, Thomas Friedman, and many economic experts announced that globalism is dead. Even technology visionary Peter Thiel recently said, "The tide on globalism is going out." Deutsche Bank chief strategist George Saravelos frames globalism’s death notice this way: "The world has been on a ‘globalizing’ trend since the end of World […]
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Global Trade Changes Course
6 global trade rule changes you should know before you move your next import/export shipment.
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Latin American Logistics: Learning the Tricks of the Trades
Working with a specialist can remove the stumbling blocks that can impede trade between the United States and Central and South America.
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Why Global Trade Needs a Rebrand
In 2016, doubts about the wisdom of trade deals factored heavily in the UK’s vote to leave the European Union and in the outcome of the U.S. presidential election. Skepticism about the benefits of free trade has been bubbling for years. In the United States, President-elect Donald Trump has vowed to kill the 14-nation Trans-Pacific […]
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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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Panama Canal Expansion to Spur East Coast Shipping Boom
After nearly 10 years and $5.4 billion, worldwide shipping is in for a major shakeup. With the nearly triple-the-size expansion of the Panama Canal completed in late June 2016, a vastly increased quantity of goods will be able to easily traverse one of the world’s most important waterways. This change comes amid a slump in […]
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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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How the Panama Canal Expansion Will Shake Up U.S. Shipping
The expansion of the Panama Canal, expected to be completed by the end of June 2016, will rewrite the rules of shipping, with far-ranging impacts for logistics managers, retailers, railroads, and public infrastructure across the United States. More than a decade in the making, the canal expansion not only increases the number of ships that […]
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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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How to Prepare for the Food Safety Modernization Act
When President Obama signed the U.S. Food and Drug Administration’s (FDA) Food Safety Modernization Act (FSMA) in January 2011, it marked the first time in more than 70 years that the U.S. government introduced any significant legislative change to the food industry. The motive was clear: Educate and instruct public and private sectors on how […]
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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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