Archive for Global Trade Management – Page 2

The Trans Pacific Partnership – Are you Positioned to Benefit?

The Pacific Rim trade deal, formally known as the Trans Pacific Partnership (TPP), obtained a great deal of media coverage in June as Congress debated legislation aimed at providing the President with “fast-track” approval authority. The intensity surrounding debates and opinions led me to believe that this proposed multi-lateral trade agreement would soon come to fruition. Not even close. Examining the Details? Logistics is inexorably linked to international trade. At ARC, we conduct research on […]

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Iran and International Trade Expansion

Last week negotiators from the P5+1 (or EU+3) and Iran developed a preliminary agreement on Iran’s nuclear program. This opened the door for Iranian sanction relief and presents the question, “How will Iran’s international trade change, and what partners will benefit?” The World Bank lists Iran’s 2013 GDP at $369 billion, making it the third largest economy in the region, behind Saudi Arabia and Turkey. Iran’s largest export is petroleum, representing about 80 percent of […]

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The US West Coast Port Debacle: Porter’s Five Forces at Work

On Friday, the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) announced a tentative agreement on a new five-year contract covering workers at all 29 West Coast ports. This announcement comes after months of labor negotiations and West Coast port congestion that has caused widespread shipment delays felt across the nation and across industries. My colleague Chris and I have included ongoing updates on the gridlock in our Friday news posts. […]

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Why Russia’s Agricultural Import Ban is more Supply Chain than Economics

In July the US, the European Union (EU), and select other countries instituted a number of trade and financial sanctions against Russia for its involvement in the separatist movement in neighboring Ukraine. The EU banned the export of military technology and certain technology used for oil and gas exploration and production in deep water, the Artic, and shale projects. In retaliation to these and other sanctions, Russia announced an import ban on food and agricultural […]

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Can You Rely on Freight Forwarders for Trade Compliance?

Can you rely on freight forwarders for trade compliance? To answer that question ARC interviewed trade professionals from 12 shipping companies. All of them agreed that you cannot put your fate into the hands of freight forwarders when it comes to compliance. If goods are misclassified, or if shipments go to restricted parties, the shipper is considered the Importer of Record, not the freight forwarder. And it is the Importer of Record that pays the […]

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Leggett & Platt’s Approach to Global Trade Management

A report from American Shipper shows that trade policy is driven largely by either the supply chain or compliance group. I assumed when I read this that the supply chain folks mentioned would be mostly logistics personnel. However, I had a conversation with John Wainwright, Vice President of Customs Compliance at Leggett & Platt, a company that makes a variety of components used in various industrial and consumer finished products. At Leggett & Platt, trade […]

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This Week in Logistics News (April 29 – May 3, 2013)

It’s the beginning of May and the Red Sox have the best record in baseball. I know it’s a long season, but after a disappointing two years, I can’t help but feel good about this team. If they remain competitive the rest of the season, I think the team will prove something that is also true in the workplace: a few rotten apples can spoil the bunch, so it’s sometimes necessary to remove them from […]

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Guest Commentary: Technology Best Practices for Managing US Exports

Every four years, citizens of the United States are bombarded with political ads, opinion pieces, talking heads and automated telephone surveys. Even those of us who enjoy politics to some degree are worn out by the length and negativity of presidential campaigns. One topic that routinely gets a great deal of coverage during the political season is the United States’ trade imbalance with other nations, particularly China. While it is true that the United States […]

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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 having a myriad of processes cobbled […]

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One Company’s North American Near-Shore Supply Chain

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, the cost of a fully-burdened worker in […]

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