What is the return on investment (ROI) associated with trade compliance? If compliance is understood as the chance that company might have to pay a hefty fine for noncompliance, then statistically, there is no ROI associated with compliance. You might think that would make it tough to sell this type of software. You’d be wrong. Almost no one must pay penalties for noncompliance in trade. Let’s take the example of global trade compliance (GTC) solutions […]
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Archive for Global Trade Management Solutions
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. When driving by a busy seaport, I’m always awed at the hulking towers of shipping containers stacked eight to ten high in the yards surrounding the terminals. Every ocean container full of goods has a starting point well before products become freight. In fact, a product’s journey begins before […]
Read More →Supply chains are running at full steam as the economy is booming in parts of the world, while in other parts of the world, economies are taking a hit from obstacles that hinder open commerce and trade. Protectionist trade policies are leading companies to shift their country sourcing practices as well as investments in automation and technology to help keep goods moving and visible. Moreover, there is no reason to believe that in the coming […]
Read More →China is currently the EU’s second most significant source of imports, and trade volumes are positioned for growth. Italy and China recently signed an agreement to further solidify the Belt and Road Initiative, alarming Italy’s US and European allies. This is only the first of many such concords President Xi hopes to execute for ongoing support to the multi-national plan to provide fast and efficient transportation options from inland China to Western Europe that is further affirmation of its commitment to open trade. Europe will benefit from greater trade access, but companies will also need help managing the maze of complexities that exist in importing from or exporting to China. That help includes tools that determine landed costs, logistics efficiencies and managing duty reduction programs like China’s General and Processing Trade programs.
Read More →Today is the day of global trade compliance software. It’s not every day that trade compliance is top of mind. ARC Advisory Group’s Global Trade Compliance Systems (GTC) market research shows that the breadth of high-profile tariff changes has catapulted trade compliance ot the top of supply chain concerns and consideration.
Read More →Protectionist trade policies are leading to shifts in country sourcing practices and investments in automation and technology to help keep goods moving and visible. And there is no reason to believe that in the coming twelve months we will see a waning of geo-political posturing along the trade front. As we move into 2019, there are six major areas of concern for anyone playing a part in global trade.
Read More →The Massachusetts Export Center hosted its ninth annual Mass Export Expo on Friday, December 7th. Although the conference was regional in nature, the topics of discussion are currently of great interest to businesses across the country and even across the globe. There were a number of sessions on topics ranging from US-China trade, US economic sanctions, the recently established USMCA, and much more. The panels included a number of corporate compliance officers and attorneys that […]
Read More →Tariffs and duties and data – oh my. The need for digitization grows as importers struggle to mitigate the impact of shifting trade policy, demand fluctuations, compliance risks, and duty exposure. In an uncertain international trade environment, “trade war” has become a buzzword sending importers into a frenzy on how to prepare their supply chains for the unknown and mitigate risk to their forecast. Proposed tariffs, retaliatory trade restrictions, or even temporary reductions on tariffs […]
Read More →I recently began the update of ARC Advisory Group’s research on the global trade management solutions market. At the outset, it was unclear to me how (or even if) the increased global trade uncertainty would impact the market for GTM solutions. In early 2017 there were two theses as to how the uncertainty from Brexit and Trump’s rhetoric on trade agreements would affect business activity. One view was that increased uncertainty would hinder trade volumes, put terms […]
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Supply Chain Brief
Editor’s Choice: Brexit Status
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. As the EU puts pressure on the UK Government to put proposals for a new deal in writing within the next two weeks and the Commons leader reported as saying that the Prime Minister was on course to deliver a “fundamentally different” Brexit deal to ensure the UK leaves […]
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