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.
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Archive for Global Trade
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 →ARC Advisory Group 2019 supply chain trends of the year include: Global Trade and Tariffs; Logistics Labor Shortages and Automation; The “Digital Supply Chain” as the Logistics Technology Concept of the Year; expansion of Machine Learning and AI Enhancements. With taxes and duties accounting for a substantial portion of cost of goods sold, it is likely that companies will be reevaluating the impact on their global supply chains. Meanwhile, the “digital supply chain” is a conceptual umbrella term that will continue to be used to identify supply chain software, communications, and automation efforts that meet certain digital criteria.
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 →Import tariffs and potential trade wars have been a hot topic in the media since Trump was elected President. My colleagues and I have written about the topic a number of times on Logistics Viewpoints, as well. However, much of the news propagates recent announcements and often includes an opinion on the subject matter. I thought it would be helpful to take an empirical look at import data surrounding tariff announcements and implementations to determine […]
Read More →Although it’s a fresh, new year, many global companies and their supply chains in the US have been suffering alongside individuals this winter. Icy, wintry winds and driving snow jammed air traffic and roads in the east, while fires swept across the west, then rains turned major highways into muddy messes with flash floods. All throughout 2017, Mother Nature didn’t pause to worry about the delays and problems she created for shippers all over the […]
Read More →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 →The political environment and public policy decisions are central determinants of global trade patterns. But political risk seems especially heightened in today’s international business environment. From the Brexit vote, to Trump’s trade renegotiation rhetoric, to Marine Le Pen’s promise of intelligent protectionism, there has been an undeniable trend of political intent to reexamine trade policies and free trade agreements. I am in the process of updating ARC’s Global Trade Management (GTM) market study and have […]
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Supply Chain Brief
All is Not Quiet on the Western Front: Trade is Happening
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.
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