Archive for trade compliance

Mass Export Expo Captures National Trade Sentiments

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 […]

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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 […]

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Global Trade Management Software –Execution, Visibility, Compliance …and that Darn Tax Wedge

Global trade and free trade agreements – they’re hot topics today and they are responsible for tectonic shifts in various industries and the economic welfare of many. But they’re also topics that require ongoing management by today’s multinational companies and their trading, logistics, and finance partners. Luckily, there is a software application for that. A quick primer as I embark on the update to ARC’s Global Trade Management Market Research Study Trade Compliance That darn tax wedge. I consider trade […]

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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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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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Leggett & Platt: Trade Compliance Lifecycle Management

What would a Global Trade Management (GTM) solution that took a lifecycle approach to trade compliance look like? John Wainwright, the Vice President of Customs Compliance at Leggett & Platt, has an insightful answer to this question: Trade compliance processes should mirror a customs audit. Leggett & Platt (L&P) is a global, diversified manufacturer of engineered components made mostly from steel. Even if you are not familiar with L&P, chances are you are sleeping on […]

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Is it possible to accurately calculate Total Landed Costs?

There was a terrific article in this month’s Supply Chain Management Review by John Ferreira and Len Prokopets from Archstone Consulting (“Does offshoring still make sense?”).  The article highlights some key findings from a survey Archstone and SCMR conducted with thirty-nine senior executives from U.S. and European manufacturing companies.  Among the interesting points highlighted in the article: North American manufacturers sourcing from China perceived that their savings would be in the 25 to 40 percent […]

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