Through innovative technology and strategic collaboration, CrimsonLogic and Newage are set to enhance efficiency and transparency in freight management and customs processes. Global technology company CrimsonLogic, a wholly-owned subsidiary of PSA International and a leader in digital trade, digital ports and technology solutions, announced a strategic partnership with Newage Software & Solutions (“Newage”), a global […]
As businesses face tighter regulations on product safety, sustainability, and ethical sourcing, Digital Product Passports (DPPs) are becoming crucial for navigating these challenges. Today’s regulatory environment requires companies to comply with local laws and international standards that often differ across regions. DPPs provide a streamlined, digital way to document a product’s lifecycle, making it easier […]
5G is playing an increasingly significant role in logistics, where data transfer speed and security are crucial. With faster, more reliable connectivity, logistics systems are becoming more efficient and automated. Supply chains can now handle larger amounts of data in real time, allowing for quicker decision-making. Connected vehicles, including autonomous trucks and delivery drones, are […]
Global Trade Compliance (GTC) solutions automate and streamline processes related to customs and regulatory compliance. GTC solutions automate the discovery, creation, retention, analysis, and communication of information about international supply chains that is of importance to customs and other government authorities responsible for regulation and taxation of cross-border trade. These solutions also enable companies to […]
The global trade compliance market is one crazy market. The market grew by double digits year over year, yet there is no standard user and consequently there is no common understanding of what the end-to-end global trade compliance process should be. Linda McKee, the director for global trade services management at SAP, expressed the idea […]
Growing protectionism and modernized trade enforcement are significantly affecting importers and exporters. Increased protectionism is leading to increases in landed costs for imported products. Better systems at customs agencies can lead to increases in cycle times for companies that are not on top of the complex documentation requirements associated with trade. And yet Jerry Peck, […]
MIC was recognized by Ford Motor Company as a top-performing global supplier at Ford’s 23rd annual World Excellence Awards. MIC is an experienced provider of global trade compliance software solutions. In ARC’s recent study of this software market, MIC was the largest provider of Global Trade Compliance (GTC) software solutions to the automotive industry. GTC […]
