Archive for Global Trade

The Road Ahead with Exports

The United States exported $2.2 trillion dollars of product in 2016, making it the third largest world exporter after China and the European Union.[i] Much of this is due to the easing of export controls over the past five years by the Department of Commerce Bureau of Industry and Security (BIS) in cooperation with other federal agencies. That’s great news for US companies seeking to expand their sales beyond the domestic market. Yet still, the […]

Read More →

Global Trade Management (GTM) Technology Market Update

Congratulations to me! I have (finally) completed ARC’s Global Trade Management Systems Market Research Study. I will take this opportunity to communicate and consolidate the research findings from the study and the accompanying writing I published over the last few months in Logistics Viewpoints. The GTM Solutions Market ARC focuses its GTM research on two high-level functionality sets: Trade Compliance – functionality for managing trade compliance costs and processes like duties, tariffs, restricted party screening, […]

Read More →

Utilizing Big Data to Improve Supply Chain Performance

Measuring on-time performance was once the most common key performance indicator (KPI) for transportation departments when visibility solutions first became available. Each quarter, a carrier score card was reviewed. Ocean and air carriers were measured by on-time performance.  Rail carriers reported and measured theirs as scheduled departures. And motor carriers were measured by their service types. Very rarely were companies looking at the performance of multi-mode or multi-leg shipments. Even more uncommon were the best […]

Read More →

Sneak Peak: Global Trade Management (GTM) Market Update

ARC Advisory Group conducts an annual in-depth analysis of the worldwide global trade management (GTM) software market. The research process includes the analysis of large amounts of information and interviews with executives from numerous GTM companies. The process concludes with the publication of ARC’s Global Trade Management Market Research Study. I am nearing the end of the study update process and thought I would take this opportunity to discuss some of the GTM market’s current characteristics. ARC’s […]

Read More →

Top Reasons for Denied Party Screening

Although denied party screening (DPS) has been around for 25 years, several recent developments related to U.S. trade sanctions and cybersecurity may be contributing to the increased attention it is garnering on the world stage: Mega Fines: The huge fines for companies conducting business with denied or restricted parties are making headlines. In the U.S., the largest criminal fine in a sanctions case to date—$1.19 billion—was levied in March of this year. Strong on Security: […]

Read More →

How Free Trade Influences an Automotive Supply Chain

Production costs, transportation costs, and product quality are all primary considerations in corporate sourcing and production decisions. However, customs duties and other trade tariffs can also be critical inputs into these supply chain decisions, particularly when preferential treatment is an option. Trade duties and regulations vary by country and industry. And the automotive industry has the perfect combination of supply chain and customs complexity that makes the management of customs duties potentially rewarding, but also […]

Read More →

Do You Buy American Made Cars? Consider the Supply Chain.

I believe that the average American over the last three decades has become progressively more aware of global supply chains and the distinction between an American company and an American made product. However, I also believe that information on country-of-origin is still very opaque in many cases. But the automotive supply chain is an exception due to the regulations and reporting required. In 2006 I engaged in a conversation with a friend from high school, […]

Read More →

A Global Trade Network Can Find Your Company’s Perfect Carrier Match

Connecting to a global trade network for an RFP is like signing up for a match-making service. The network has all of your company’s must-haves for a good carrier match. It also has a statistical scorecard of every single carrier in the network, which provides their strengths and weaknesses. Using actionable intelligence, the global trade network can provide you with a list of new carriers that align well to your business needs. This allows you to strategically cast a wider net when inviting carriers to your RFP.

Read More →

GTM Research Update: Merchandise Trade Analysis

In March I provided a brief overview of the global trade management (GTM) solutions market and discussed some of the factors that encourage companies to invest in these solutions. There are a few “independent variables” that can explain GTM sales. Among them are regulation and compliance complexity, regulatory fine risks, supply chain complexity, and tariff costs. Public policy is a major determinant of trade tariffs and regulatory compliance risks. However, trade volumes affect total tariff […]

Read More →

Taking Bytes of Logistics

Modern logistics is data-driven, and this concept is becoming essential to success in 2017. Take a look at the increasing geographic, political and price barriers to shipping in different parts of the world and the U.S., and you will notice an increased data-collecting presence For manufacturers, this means having more detailed, accurate forecasting models ready in real time. Consequently, for shippers the task of tracking product and information data across global supply chains, while balancing […]

Read More →