The New World of Global Trade Management

Ty Bordner

The term “global trade management” used to mean one thing: compliance. Not anymore. Ty Bordner, VP of Product Management & Solutions Consulting at Amber Road, describes how GTM today embraces the whole experience of moving goods across borders: regulation, duty management, logistics, and, most of all, global supply-chain visibility.

In the past, each of those processes would have been handled by separate, non-integrated IT applications. But companies can no longer afford a fragmented approach. They are looking for a one-stop shop for their GTM solution. They want a single vendor that can provide a common platform for managing all of their critical requirements.

Discover the trends driving GTM to new heights in Ty’s article here at SupplyChainBrain.

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Leggett & Platt’s Procurement-Based GTM Strategy

What is the best department to oversee trade compliance? American Shipper’s recent report, “Import Operations and Compliance Benchmark Study: The Secrets of Import Success” suggests that best practice would be to have trade compliance reside in the compliance department. Their assertion makes sense at face value, but John Wainwright, Vice President of Customs Compliance at Leggett & Platt, made a compelling case for the procurement side of things in a discussion with Steve Banker from ARC Advisory Group for Logistics Viewpoints earlier this week.

Leggett & Platt designs and produces engineered components used in industrial and consumer finished products. As a manufacturer, it makes the most sense for trade compliance to report up through procurement. And since Leggett & Platt has been using Amber Road’s Global Trade Management (GTM) solution for about ten years, the company has been able to remain compliant with changing regulations and a growing international supply chain. The solution has also made Leggett & Platt a much better partner to its suppliers, with increased visibility and easy filing through a secure online portal.

The Logistics Viewpoints article concludes:

“It is impossible to put an exact number on all this. But is it a better and cleaner procurement process, and there is big money in doing procurement better.”

Click here to read the entire feature at Logistics Viewpoints.

Importers and Exporters Met to Discuss the Complexities of Global Trade

Top global trade management (GTM) specialists recently spoke on the complexities of international trade at a seminar hosted by Sandler & Travis Trade Advisory Services (STTAS), Sandler, Travis & Rosenberg P.A. (ST&R) and Amber Road on June 25th in Miami.

STTAS and ST&R, which together form the world’s largest customs and international trade services provider, and Amber Road, a leading provider of GTM solutions, hosted representatives from organizations in the Miami area and presented discussions on duty drawback; recognizing potential refunds; automating compliance for financial returns; import and export enforcement; and a special session that included a discussion of current events from the nation’s capital.

Click here to read the entire press release.

Free Seminar in Miami: Deciphering Financial Returns & Complexities of Global Trade

miami Seminar-thumbnail0What: Live Seminar: Deciphering Financial Returns & Complexities of Global Trade

Where: Delano Hotel South Beach
1685 Collins Ave.
Miami Beach, Florida 33139

When: Tuesday, June 25, 2013 | 10am - 4pm EDT

Cost: FREE

Please join Amber Road and Sandler & Travis Trade Advisory Services, Inc. on Tuesday, June 25th, for a free seminar on Deciphering Financial Returns & Complexities of Global Trade.

Learn how to qualify and quantify projected business savings to create a compelling business case that will drive real value within your organization. Industry experts, including a former Commissioner of Customs, will address strategies for delivering financial return on your global trade management operations.

register_now2Industry speakers will include:

  • George Weise, Executive Vice President at Sandler & Travis Trade Advisory Services, Inc., and former commissioner of Customs
  • Lenny Feldman, Managing Member at Sandler, Travis & Rosenberg, P.A.
  • Dawn Olesky, Director, Drawback Operations at Sandler & Travis Trade Advisory Services, Inc.
  • Ty Bordner, VP of Product Management & Solutions Consulting at Amber Road

After a full day of sessions, attendees will enjoy a networking reception at this luxury urban resort in South Beach. Register to reserve your spot today!

Marianne Rowden Discusses Recent U.S. Regulatory and Legislative Updates

retail show nyc_0007At a recent seminar, Financial Returns of Global Trade, hosted by Amber Road and Sandler & Travis Trade Advisory Services, Inc., Marianne Rowden, President and CEO of the American Association of Exporters and Importers (AAEI), spoke on many of the recent U.S. legislative and regulatory updates. She covered topics including the Customs Re-authorization Bill, Simplified Entry, the effects of sequestration, the Export Control Reform Initiative, the status of mutual recognition agreements, and the Food Safety Modernization Act.

Two areas of particular focus for Rowden were Customs’ Centers of Excellence and Expertise (Centers), along with new C-TPAT proposed rules and their Privacy Act ramifications. These Centers will focus on industry specific trade issues and serve as an information resource for participating importers. By the end of 2013, ten Centers will be operational, including one for apparel, footwear, and textiles in San Francisco and a second for consumer products and mass merchandising in Atlanta.

“One of the goals of the Centers is to enhance enforcement and address industry risks,” explained Rowden, who noted that 40 percent of respondents from their most recent benchmarking survey said they would participate in a Center, and 50 percent said their participation depended on the benefits of joining.

Rowden also commented on two Federal Register notices published on March 13th, one on a proposed records system for C-TPAT documents, and a second on Privacy Act exemptions to C-TPAT data. She expressed that the proposed records system “is not in the spirit of partnership. C-TPAT data is your proprietary data and the government has to respect the data. They have decided your data is not covered under the Trade Secrets act. The System of Records also violates the Safe Port Act.”

To learn more about these regulatory and legislative updates, please join Amber Road and Sandler & Travis Trade Advisory Services, Inc. at the 92nd Annual AAEI Conference on Globalization: Policy & Practice.