Archive for Global Trade Management Solutions
This Week in Logistics News (Feb 22-26 2010)
· CommentsI spent a few days this week at the SAP Insider Logistics and Supply Chain Management 2010 conference. I’ll share my takeaways from this event next week. In the meantime, here’s some of the news that caught our attention this week:
- RedPrairie to be acquired by New Mountain Capital
- Walmart Announces Goal to Eliminate 20 Million Metric Tons of Greenhouse Gas Emissions from Global Supply Chain
Last week, the U.S. Commerce Secretary, Gary Locke, unveiled details of the National Export Initiative (NEI), a new effort by President Obama aimed at doubling U.S. exports over the next five years to support 2 million jobs in America. According to the press release, NEI is focused on three key areas:
- A more robust effort by this administration to expand its trade advocacy in all its forms
In case you don’t regularly check our News Roundup section on Logistics Viewpoints, here are some important developments that occurred this week:
Hours of Service (HOS) trucking rules are back on the drawing board. After years of legal challenges, the “final” rule was published last November. But earlier this year, Public Citizen, Advocates for Highway and Auto Safety, the Truck Safety Coalition, and the International Brotherhood… Continue reading
What would a Global Trade Management (GTM) solution that took a lifecycle approach to trade compliance look like? John Wainwright, the Vice President of Customs Compliance at Leggett & Platt, has an insightful answer to this question: Trade compliance processes should mirror a customs audit.
Leggett & Platt (L&P) is a global, diversified manufacturer of engineered components made mostly from steel. Even if you are not familiar with… Continue reading
The Audiovox Global Supply Chain
· CommentsAudiovox Corporation is a publicly-traded company (NASDAQ: VOXX) headquartered in Hauppauge, New York. The company generated about $600 million in revenues in its last fiscal year. Audiovox started in the car radio business but its product portfolio has expanded over the years to include satellite radio, vehicle security, remote start and other mobile products. The company has made several significant acquisitions, including Thomson’s Americas consumer electronics accessories business (the… Continue reading
Managing the flow of goods, information, and money across borders is a highly complex, regulated, and dynamic process—and becoming more so every day! Therefore, companies can no longer rely on manual processes to manage their global trade operations, which is why the Global Trade Management (GTM) systems market is one of the fastest growing segments of the software industry.
The scope and capabilities of GTM solutions have evolved… Continue reading
IBM’s Solution for Global Trade Management
· CommentsIBM’s global trade operations are massive in scale and scope. The company conducts business in 170 countries and moves about $25 billion worth of goods across borders. It ships about 2 billion pounds of goods per year globally (78,000 products with 2 million configurations) which translates into 500,000 customs declarations annually. IBM also conducts cross border consulting which can be subject to export regulations, including denied party screening, regulations… Continue reading
After all the recent news of layoffs and disappointing financial results, both in the software and logistics service provider industries, it was refreshing to get some “positive” news this week-i.e., the acquisitions announced by HighJump Software and Descartes Systems Group.
On Wednesday, HighJump announced that it acquired Insight Distribution Software, a provider of enterprise software solutions for the food and beverage distribution industries. Insight has… Continue reading
