Articles
Global Trade Management
Strong Im/Ex Market Fuels South Korea Trade Growth
Air trade in South Korea will remain steady due to strong exports of high technology, basic materials, and machinery parts, as well as imports of industrial raw materials and machinery parts, predicts the DHL Global Trade Barometer, an early indicator of global trade developments calculated using artificial intelligence and big data. The Barometer also expects […]
Read MoreIt’s Supposed to Be, But ACE Isn’t Simple
Importing will always and forever be complex. Efforts to simplify some of the processes have, unfortunately, not always borne fruit. The aftermath of the overhaul of U.S. customs admissibility program – Automated Commercial Environment (ACE) – has created a heavier administrative burden on importers, not a lighter one. One has to believe the agencies see […]
Read MoreGetting the Most Out of Foreign Trade Zones
When I first started working in logistics, I heard a horror story about what can go wrong when a single detail is missed in a given transaction. A classic-car collector found his dream car in Europe after many years of searching and bought it for several million dollars. When shipping the car to the United […]
Read MoreU.S.-Cuba Trade: The Intersection of Sanctions, Sourcing, and Compliance
With the changing diplomatic ties between the United States and Cuba, and expectations for the new administration to redraw U.S. policy toward Cuba, many involved in international trade are unclear of the sanctions status of trade with the island nation. The country is still embargoed and, at a practical level, for most all products, normalized […]
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Insights into Complexities of Managing Secure Global Transportation for the Government – General Dynamics IT
Operating one of the largest supply chain and logistics operations on behalf of the government, General Dynamics IT, a 2017 Inbound Logistics Top 100 3PL Provider, functions as a 3PL provider and is responsible for the shipment of goods around the world to high-threat and isolated posts. In addition to meeting contract door-to-door terms and […]
Read MoreSupply Chain Commentary: The Advantages of First Sale
Today’s supply chains are complex, and companies are constantly on the lookout for ways to lower the cost of doing business. The border represents an area for potential cost savings, with various duty-reduction methods available, such as free trade agreements (FTAs) and preference programs. However, the rules for FTAs can be complicated, and most imports […]
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GTM Solutions: Making a World of Difference
How Global Trade Management (GTM) solutions automate complex international supply chain sourcing, logistics, cross-border trade, and regulatory compliance activities.
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Stop the Free-Flowing Expenses of Demurrage and Detention
Q: What are the concealed costs of demurrage and detention? A: High demurrage and detention costs are rampant as ports are becoming increasingly congested and disruptive events such as labor disputes are occurring more frequently. Worse still, these fees accrue on a daily basis, so there’s little room for negotiating the final bill. "Hidden" free […]
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Leveraging a TMS for Domestic and Global Transportation
Q: What are the biggest challenges facing shippers in today’s economic environment? A: In today’s market, managing transportation domestically and globally in one system with a single workflow is a key factor for a more efficient and cohesive supply chain. Many businesses still use manual methods or multiple systems to manage freight, with no way […]
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Key Factors Shaping World Trade and Global Logistics
By all accounts, 2016 will be a year in which major agreements and more open markets will shape world trade and increase the global logistics that move commodities to manufacturers, and finished goods into the hands of consumers virtually everywhere on the globe. From the Trans-Atlantic Trade and Investment Partnership (TTIP) and the Trans Pacific […]
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