News

US Customs and Border Protection (CBP) recently announced it has issued 1,300 penalties for Electronic Export Information (EEI) filing violations in the last six months — and no, we’re not making that up. 

Which department in your organization makes sourcing decisions?  If it’s not your compliance department, are they at least involved in the decision making process?  Did you realize that by involving the compliance department during sourcing planning can lead to cost savings?

Japan and the European Union (EU) accepted a proposed mutual recognition agreement between each countries supply chain security program or Authorised Economic Operator (AEO).  On June 24, 2010, the decision to establish mutual recognition of AEOs between Japan and the EU was signed by both government branches in both countries.

There are many best practices companies can take to make sure goods are arriving as quickly as possible. But, with foreign suppliers, many of these practices can be out of your control.

A little known committee chaired by the Department of Commerce could have a major impact on your exporting process.  Have you ever heard of the End-User Review Committee (ERC)?  No?  Well not many of us have, but this group is responsible for making changes to the Bureau of Industry and Security (BIS) Entity List – something that affects you as a US exporter.

A start-up called Panjiva tracks international shipments of millions of products, including movie merchandise.

Supply Chain Management (SCM) is the systemic, strategic coordination of the traditional business functions within a particular company and across businesses within the supply chain for the purpose of improving the long-term performance of the individual companies and the supply chain as a whole. A supply chain consists of all parties involved, directly or indirectly in fulfilling a customer request. The supply chain not only includes the manufacturer and the supplier but also transporters, warehouses, retailers, and customers themselves. Within each organization, such as a manufacturer, the supply chain includes all the functions involved in receiving and filling a customer request. A typical supply chain may involve a variety of stages.

CORDYS and ASKA will jointly organize the second of a series of Vanenburg Round Table Dinner sessions in 2010, which will cover the theme of Safety and Security challenges in the supply chain. The purpose of this unique concept is to facilitate the discussion around process excellence for supply chain managers who manage cross border trade processes.   

The downside of mismanaged global trade management exposes a company to direct costs (such as fines for non-compliance) and hidden costs (such as greater inventory safety stock, increased product obsolescence, lower productivity, higher customs fees, lost opportunity for duty-drawbacks and supplier/logistics claims)  or decreasing Customs reputation. 

During the dinner, you can share with your peers experiences on the true costs and operational performances in cross border trade processes. Together we would like to investigate how a new approach and business process management (BPM) technology could be critical for com¬panies who want to redesign their global supply network.

With the struggling current economy, supply chain directors have faced a mixture of challenges and opportunities.

With the downturn in the global economy, CEO's have had to adjust their business processes accordingly. 

How sufficient is the IT infrastructure in your company?   Many organizations are settling for an infrastructure that is able to deliver for the present time but cannot meet the changing needs of the company.

Check out our 2010 Global Logistics Guide for a region-by-region assessment of logistics capabilities, plus vital data on how specific countries are faring. You'll gain valuable insights for scoping out new markets for expansion and adapting your sourcing strategies to boost your bottom line

The Bureau of Industry and Security (BIS) has made it clear with a recent fine that they take the screening of exports seriously.  BIS recently released documents regarding a settlement with G&W International Forwarders claiming that G&W aided and abetted an export to a company on BIS’s Entity List.

The current complex and dynamic global business environment presents increased operating challenges for logistics service providers(LSPs) as they struggle to achieve business sustainability.

What Modernisation means for Customs – Part 4

After the sharpest decline in more than 70 years, world trade is set to rebound in 2010 by growing at 9.5%, according to WTO economists.

Global commerce will grow this year after shrinking 12 percent in 2009 as economies from China to the U.S. recover from the deepest recession in six decades, the World Trade Organization said.

The discipline of Supply Chain Management requires multi-enterprise collaboration. Is your multi-enterprise supply chain responsive, adaptive, agile, and efficient? How well does your multi-enterprise supply chain enable your people to profitably meet the demands of your customers?

The Automation Subcommittee of the Advisory Committee on Commercial Operations of Border Protection (COAC) is asking the international trade community to provide feedback on cost savings and cost avoidance related to the implementation of Automated Commercial Environment (ACE).

There is one common goal that all global traders should be working towards - making a positive impact on your company's bottom line. A list of the top 10 critical tasks everyone should be undertaking to ensure success in 2010 was created by Beth Petersen Enterprises (BPE)

On the first Tuesday of each month, helpful titps for players in the global trade industry will be posted on Global Trade News blog.

The FINANCIAL - ICC has proposed that the already extensive cooperation between the world business organization and the World Customs Organization (WCO) be extended further, especially in the areas of trade facilitation, training, and capacity building initiatives.