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.
I recently had a conversation with the Director of Logistics at a US-headquartered industrial manufacturing company that has several plants in Mexico, the US, and Canada. He had several interesting things to say about his company’s regional supply chain.
First, let’s talk about the basics of this integrated, regional supply chain that includes Mexico. Near-shoring in Mexico offers real labor arbitrage opportunities. In the case of this manufacturer… Continue reading
Kichler Lighting is a family-owned company that designs, engineers, markets and distributes lighting solutions. Kichler does not sell directly to consumers. While the company does sell products through the large home improvement retailers, the bulk of its products are distributed to other retail customers, such as showrooms, electrical distributors, landscape lighting distributors, and catalogue and online retailers. In the US and Canada, the company fulfills orders out of… Continue reading
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Guest Commentary: Global Trade Management: Are You on Top of Your Game?
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
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