Archive for Global Trade Management Solutions

Future Electronics is a world leader and innovator in distributing and marketing semiconductors and passive, interconnect and electro-mechanical components. Future is a private company, headquartered in Montreal, Canada. The company differentiates itself by providing an exemplary standard of customer service through product marketing, technical solution support, in-depth inventory, professional selling procedures, and highly-reliable distribution systems.

For the company’s supply chain group, this means it must hold a… Continue reading

Lots of news to get to this week, especially related to global trade, so let’s get right into it:

At one of the conference receptions I attended this fall, I heard an interesting story about a Global Trade Management (GTM) system implementation.

At one level, the business case was focused on fine mitigation. US Customs had warned this company several times about shipments lacking the proper licenses, permits, and classifications. Finally, customs lost its patience and fined the company more than $50 million. Part of the business case… Continue reading

I spent part of this week in Arizona, where I managed to spend some time hiking through the desert. Then I came home to find a mountain of leaves in my yard. And so the raking season begins. But first, this week’s news.

Global Trade Management (GTM) solutions, as defined in an ARC Advisory Group market study, streamline and automate processes related to customs and regulatory compliance and trade financing. This simple, yet comprehensive sentence describes a complex challenge global shippers face every day. Getting goods to a foreign destination is not a simple game, yet some supply chain organizations are able to “win” this game, day in and day out, despite… Continue reading