Landed Cost Update (Canada)

Posted by Caroline Brown on Tue, Dec, 29 2009 @ 9:26 AM

The Canada Border Services Agency (CBSA) has issued the 2010 Customs tariff. Updates include deleting HTS numbers and making changes to the default and preferential duty rates. These changes affect the entire tariff.

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Topics: landed cost, Canada, Landed Cost Updates, CBSA

Happy Holidays from Trade Agreements Blog!

Posted by Marketing Coordinator on Wed, Dec, 23 2009 @ 11:19 AM

Happy Holidays from Trade Agreements Blog! I will be out on vacation for the rest of the year.

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Topics: free trade agreements, Trade Agreement Management

Happy Holidays!

Posted by Caroline on Wed, Dec, 23 2009 @ 11:18 AM

Happy Holidays from Trade Compliance Blog! I will be out on vacation for the rest of the year.

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Topics: customs compliance, Trade Compliance Solutions, trade compliance blog

Regulatory Update

Posted by Caroline Brown on Tue, Dec, 22 2009 @ 6:24 AM

Under the Domestic Animal Infectious Disease Control Law, Japan will impose an import prohibition on poultry products originating in South Korea. The following HTS chapters are affected: 01, 02, and 16.

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Topics: Japan, South Korea, HTS chapter 02, HTS chapter 01, HTS chapter 16, Regulatory Updates, import prohibition

News from the Trade Compliance Center

Posted by Caroline on Fri, Dec, 18 2009 @ 9:58 AM

The Trade Compliance Center has sent out some new updates via email:

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Topics: trade compliance news, trade compliance center, customs compliance

Ocean World Lines Sails Ahead with New Order Tracking Portal

Posted by Caroline Brown on Thu, Dec, 17 2009 @ 10:2 AM

Leading NVOCC Launches OWL360° to Offer Comprehensive Value-added Service to Customers

Management Dynamics, a leading provider of global trade management solutions, today announced that Ocean World Lines (OWL), a leading non-vessel operating common carrier (NVOCC), has launched OWL360°, an order, shipment and inventory tracking portal powered by Management Dynamics’ Supply Chain Visibility solution. This robust and flexible web-based solution allows OWL to provide comprehensive and timely data on purchase orders and shipments across all modes and trade lanes, enabling customers to analyze and improve their supply chain efficiency. Click here to read the full article.

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Topics: Press Releases, OWL360, Ocean World Lines, tracking portal, Management Dynamics

Global Sourcing in 2010

Posted by Marketing Coordinator on Thu, Dec, 17 2009 @ 8:21 AM

The Panjiva Blog has a 2010 outlook article on global sourcing. Among their predictions for the coming year:

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Topics: Risk Management, global sourcing, Global Trade Compliance, Trade Agreement Management, customs compliance

BIS Export Control Forum: Registration Now Open

Posted by Caroline on Thu, Dec, 17 2009 @ 4:27 AM

The BIS has announced that registration is now available for the upcoming Export Control Forum this February.

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Topics: export controls, export seminars, export control forum, BIS, customs compliance

Automating the Import Supply Chain at Leggett & Platt

Posted by Emily Thornton on Thu, Dec, 17 2009 @ 4:2 AM

Automating the import supply chain today is complicated by new compliance regulations like Customs 10+2 and C-TPAT. In this interview with Global Logistics & Supply Chain Strategies magazine, VP Customs Compliance at Leggett & Platt discusses best practices for import compliance and for transforming a fragmented global procurement approach into a centralized global import process:

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Topics: Leggett & Platt, ISF Compliance, video, import supply chain

Contract Assessorial Updates (US/ASIA)

Posted by Caroline Brown on Wed, Dec, 16 2009 @ 1:12 PM

USA-ASIA

TSA members have announced the following Bunker levels, effective January 1 - January 31, 2010: $860/40' and $19/metric ton or cubic meter. The following Bunker formula will be effective through March 31, 2010: $348/40' container (WC), $689/40' (EC/Gulf).

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Topics: inland fuel, TSA, Contract Assessorial Updates, bunker, WTSA

BBC's Box to Help the Hungry in Africa

Posted by Caroline on Wed, Dec, 16 2009 @ 5:1 AM

In November, BBC's Box finished its year-long global journey and landed back in London with some new facts about its round-the-world journey, which I found to be a great illustration of the challenges we all face in our global supply chains. For example:

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Topics: global supply chain, global trade, customs compliance

EU is Going Bananas: Trade Dispute Ended

Posted by Caroline on Wed, Dec, 16 2009 @ 4:13 AM

Hurray! The decades long trade fight over bananas has ended.

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Topics: bananas, trade dispute, customs compliance, Wacky Wednesday

BBC's 'Box' Returns Home

Posted by Emily Thornton on Wed, Dec, 16 2009 @ 3:9 AM

For those of you that have been following The Box, the story of a shipping container that the BBC has been tracking all over the world for the past 421 days, it's journey is about to come to an end. In 14 months, the Box traveled approximately 51,654 miles (the equivalent of 2.08 trips around the earth!), and carried cargo as diverse as whisky, bathroom scales and tins of cat food.

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Topics: BBC's The Box Project, Container shipping

House Votes Extends Trade Programs

Posted by Marketing Coordinator on Tue, Dec, 15 2009 @ 10:33 AM

On Monday, the House voted to extend two trade programs for one more year, according to the Journal of Commerce. The General System of Preferences and the Andean Trade Preference Act will expire December 31st and have been enacted for several years.

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Topics: global trade, Exporters, Global Trade Relations, Export, Trade relations, Import duties, Did You Know...

Landed Cost Update

Posted by Caroline Brown on Tue, Dec, 15 2009 @ 5:55 AM

BRAZIL

Updates have been made to both duty and IPI rates. The following HTS chapters are affected: 29, 84, 87.

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Topics: landed cost, brazil, south africa, Landed Cost Updates, general duty, HTS chapter 87, HTS chapter 84, preferential duty rate, HTS chapter 29

Teamwork Between Two Competitors Leads to Greater Benefits

Posted by Emily Thornton on Tue, Dec, 15 2009 @ 4:28 AM

Here's a cool story I found about two competitors working together for a greater benefit: Nestlé and Mars join forces in logistics collaboration. Nestle and Mars are sharing trucks to deliver combined loads of chocolate. In the past 11 weeks, over 60 loads have been combined, and approximately 7,500 miles of duplicate truck journeys have been eliminated. Not only to both companies save money by doing this, the overall environmental impact has been reduced. Big props to Nestle and Mars!

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Topics: Going green, Logistics costs

Teamwork Between Two Competitors Leads to Greater Benefits

Posted by Emily Thornton on Tue, Dec, 15 2009 @ 4:25 AM

Here's a cool story I found about two competitors working together for a greater benefit: Nestlé and Mars join forces in logistics collaboration. Nestle and Mars are sharing trucks to deliver combined loads of chocolate. In the past 11 weeks, over 60 loads have been combined, and approximately 7,500 miles of duplicate truck journeys have been eliminated. Not only to both companies save money by doing this, the overall environmental impact has been reduced. Big props to Nestle and Mars!

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Topics: Going green

Trade Watch

Posted by Caroline Brown on Mon, Dec, 14 2009 @ 10:33 AM

FTC Announces Proposed Consent Agreement for Panasonic and Sanyo

The Federal Trade Commission (FTC) has accepted proposed consent orders from Panasonic Corporation. The orders are designed to remedy the anti-competitive effects of Panasonic's proposed acquisition of 100% of the voting securities of Sanyo Electric Co., Ltd. Under the terms of the consent agreement, Sanyo will divest its assets relating to the manufacture and sale of portable NiMH batteries to FDK Corporation, a subsidiary of Fujitsu, Ltd.

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Topics: FTC, Sanyo Electric Co., Trade Watch, Panasonic

Visibility Year in Review 2009

Posted by nathan on Fri, Dec, 11 2009 @ 12:54 PM

More and more companies are becoming aware of the need for detailed metrics to track supply chain performance, according to a recent study done by the Georgia Southern University and the University of Tennessee on issues in transportation and logistics.

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Topics: SCV, visibility, Performance Management, trends

Regulatory Update (Asia-Pacific)

Posted by Caroline Brown on Fri, Dec, 11 2009 @ 5:7 AM

Taiwan has added and repealed import controls for garlic, meat, and meat products. The affected controls are inspection, import certificate, and import prohibition. The following HTS chapters are affected: 02, 05, 07, 16, 69, 70, and 85.

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Topics: taiwan, HTS chapter 69, HTS chapter 07, HTS chapter 05, HTS chapter 02, HTS chapter 70, HTS chapter 16, Regulatory Updates, HTS chapter 85, import controls

2009 SCM Virtual Conference Sessions Available On Demand

Posted by Emily Thornton on Fri, Dec, 11 2009 @ 4:33 AM

Logistics Management's 2009 Next Generation Supply Chain Virtual Conference sessions are now available on-demand. Topics include: the supply chain as a revenue generator, the 14th Annual 3PL study, Technology's role in the green supply chain, transportation management's role in the supply chain, and software as a service.

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Free Online Tool Helps Farmers Secure Their Supply Chains, Compliments of Uncle Sam

Posted by Emily Thornton on Fri, Dec, 11 2009 @ 3:58 AM

The U.S. Health and Human Services Department’s Food and Drug Administration and Department of Agriculture’s Animal and Plant Health Inspection Service have created a free online tool, called Agriculture CARVER + Shock, which will allow farmers and producers identify vulnerable areas in their supply chains. Stephen F. Sundlof, director of FDA’s Center for Food Safety and Applied Nutrition, is quoted in an American Shipper article about the new tool:

“This assessment tool helps the producer understand how someone intending to disrupt agriculture might think" ... “Producers can easily identify weak spots in their operation and receive practical advice on countermeasures they can put in place.”

To learn more about this online tool, or to download the software, please visit this website.

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Topics: Agriculture industries, Supply chain security

New Website Aims at Providing a Better Understanding of the Shipping Industry

Posted by Emily Thornton on Fri, Dec, 11 2009 @ 3:37 AM

The World Shipping Council has launched a new informational website with the goal of providing the public a better understanding of the shipping industry. The website includes background info on the industry, benefits of liner shipping, challenges, testimonials, and additional resources.

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Topics: Container shipping

Global trade management software optimizes sourcing strategies & automates trade compliance

Posted by Caroline on Thu, Dec, 10 2009 @ 10:30 AM

Majority of Companies Still Lack Automation to Manage Global Supply Chains

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Topics: Global Trade Management Software, Trade Compliance Solutions

GTM in a Flash: Automating the Import Supply Chain

Posted by Emily Thornton on Thu, Dec, 10 2009 @ 10:2 AM

Today, importers must deal with end-to-end supply chain accountability and are increasingly challenged to have visibility and control over their supply base and origin operations. Here is a short video gives a good overview of how GTM technology can help companies manage these complexities of going global by automating their inbound processes, improving regulatory compliance and attaining landed cost objectives:

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Topics: ISF Compliance, video, import supply chain

The Benefits of Software as a Service

Posted by Emily Thornton on Thu, Dec, 10 2009 @ 8:9 AM

Software as a Service (SaaS) solutions have been something that organizations have been turning to for a while, to manage various IT and operational functions in their organization. In a recent Logistics Management article, Software as a Service (SaaS): The versatile supply chain option, Adrian Gonzalez of ARC Advisory Group discusses some of the benefits of using SaaS.

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Topics: Supplier Portals, SaaS, International transportation management

Wanted: Supplier Collaboration

Posted by Emily Thornton on Thu, Dec, 10 2009 @ 4:34 AM

The Business Performance Management (BPM) Forum and the Chief Marketing Officer (CMO) Council recently did a survey on approximately 400 executives, many from companies worth more than $1B. They determined that while most organizations understand that supply chain collaboration should be a top priority, most have yet to achieve it.

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Topics: Supplier Portals, Survey results, Supplier performance management

Trade Portals: Trade Compliance Collaboration Ahoy!

Posted by Caroline on Thu, Dec, 10 2009 @ 3:5 AM

Management Dynamics Releases New Trade Portals Product Line to Better Integrate Suppliers and Logistics Providers in Global Trade Management Processes

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Topics: improt compliance, Trade Portals, customs compliance, Trade Compliance Solutions

Management Dynamics Releases New Trade Portals Product Line

Posted by Caroline Brown on Wed, Dec, 9 2009 @ 12:50 PM

Management Dynamics, Inc., a leading provider of Global Trade Management (GTM) solutions, has announced the release of Trade Portals, a new product line to help companies extend purchasing, origin logistics, and compliance processes to their trading partners. By collaborating across a shared process with suppliers, forwarders, logistics providers and brokers, companies can reduce cycle time, lower supply chain execution costs, and better support compliance initiatives such as Customs 10+2. Read the full article.

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Topics: Trade Portals, Press Releases, Management Dynamics

Strategic Opportunities that 10+2 Presents

Posted by Emily Thornton on Wed, Dec, 9 2009 @ 10:52 AM

Recent research shows that the average cost per Importer Security Filing is $30.* With large importers filing 5,000 ISFs or more per year, the cost of compliance totals to upwards of $150,000 and provides no ROI other than penalty avoidance.

In this short video, Ty Bordner, VP of Solutions Consulting at Management Dynamics discusses some of the strategic opportunities that ISF Compliance can present to an organization, including:

  • Reducing the effort of complying with Customs 10+2
  • Minimizing errors upon entry by linking to ISFs
  • Eliminating manually re-keying data
  • Preventing potential penalties of $5,000 per ISF
  • Reducing broker fees (on average, $30 per ISF)
  • Managing the import process with complete visibility from origin, through customs, to the final destination

*Source: American Shipper ISF Benchmark Study

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Topics: 10+2 Compliance, ISF Compliance, import supply chain

Management Dynamics Releases New Trade Portals to Better Integrate Suppliers and Logistics Providers in GTM Processes

Posted by Marketing Coordinator on Wed, Dec, 9 2009 @ 5:33 AM

Management Dynamics Releases New Trade Portals Product Line to Better Integrate Suppliers and Logistics Providers in Global Trade Management Processes

New Modules for Supplier PO and Origin Management Improve Control Over Execution Processes and Allow Companies to More Easily Support Advanced Notification Requirements

EAST RUTHERFORD, NJ, December 8, 2009 -- Management Dynamics, Inc., a leading provider of Global Trade Management (GTM) solutions, today announced the release of Trade Portals, a new product line to help companies extend purchasing, origin logistics, and compliance processes to their trading partners. By collaborating across a shared process with suppliers, forwarders, logistics providers and brokers, companies can reduce cycle time, lower supply chain execution costs, and better support compliance initiatives such as Customs 10+2.

As companies re-engineer their supply chains and shift production overseas, they often lose control over the procurement process, especially with regards to how it should integrate with their import compliance programs. Many importers face challenges when trying to manage a remote supply base. Examples include: coordination and management of confirmed orders, the monitoring of ship windows, coordination with origin logistics providers, and integration of the export transaction details with import entries.

Management Dynamics’ Trade Portals solution is comprised of three, on-demand, enterprise-class modules including Supplier PO Management, Supplier Solicitation Management, and Origin Management. It is designed to allow importers to configure these points of collaboration with key trading partners including suppliers, forwarders and customs brokers.

“With hundreds of suppliers and over 7,500 shipments to manage annually, we needed to empower our suppliers to review purchase orders and create shipments for approval,” John Wainwright, Vice President Customs Compliance, Leggett & Platt. “Management Dynamics’ Trade Portal solution helps us automate the workflow between suppliers and the shipment creation process – from point of purchase order, all the way through pre-customs entry – enabling us to centralize and streamline our global procurement process.”

Management Dynamics’ Trade Portal modules are highly configurable, on-demand solutions that can support multiple process variations with the following key capabilities:

-Purchase Order life cycle management through shipment to invoice

-State-of-the-art dashboard views and workflow tools

-A multi-organization and role-based security model to organize suppliers and logistics providers
by country or region and to establish standard operating procedures for each group

-Multi-lingual support with language preference that can be assigned by user to improve supplier
adoption

-Flexible integration options including direct XML or EDI connectivity, spreadsheet uploads and web
forms for manual data entry

-Document generation engine creates all necessary supporting documentation prior to shipment that
can be distributed via email with pre-defined rules

-Integration with Management Dynamics’ Supply Chain Visibility, Trade Import and Trade Agreements solutions

"Top global supply chain operational initiatives today are focused on extending and synchronizing key execution processes with all trading parties," said Nathan Pieri, SVP Marketing and Product Management for Management Dynamics. "Our new Trade Portals product line targets process gains in supplier collaboration and origin management to deliver key benefits of reducing supply chain execution costs and better supporting new security requirements like Customs 10+2."

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Topics: global trade, Suppliers, Trade Portals, Management Dynamics, Import duties, Did You Know...

Management Dynamics Releases New Trade Portals Product Line to Better Integrate Suppliers and Logistics Providers in Global Trade Management Processes

Posted by Emily Thornton on Wed, Dec, 9 2009 @ 5:2 AM

New Modules for Supplier PO and Origin Management Improve Control Over Execution Processes and Allow Companies to More Easily Support Advanced Notification Requirements

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Topics: Supplier Portals, Inbound supply chain management

BIS Orders Temporary Denial of Export Privileges

Posted by Caroline Brown on Tue, Dec, 8 2009 @ 11:17 AM

The Bureau of Industry and Security has ordered the denial of export privileges for 180 days for the following entities: Corezing International, Kow Seng Lim, Zhenyong Zhou, Jie Luo, Insight Electronics Pte Ltd, and Action Global Co, Ltd. BIS claims they provided suppliers, exporters, and distributors with false information regarding the ultimate destination and end-user of US procured products.

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Topics: BIS, export privileges, Trade Watch

Happy Birthday, NAFTA!

Posted by Marketing Coordinator on Tue, Dec, 8 2009 @ 10:46 AM

On this day in 1993, the North American Free Trade Agreement signed into law by President Bill Clinton.

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Topics: free trade agreements, NAFTA, Trade Agreement Management

Doha Round Still Unresolved

Posted by Marketing Coordinator on Mon, Dec, 7 2009 @ 8:2 AM

On Wednesday, 153 nations met to discuss the Doha Round, but left with little to no progress, states the Wall Street Journal. The Doha Round plan was created with a mission of opening rich-country markets to import food from the developing world. After eight years, little development has been made. Furthermore, issues such as the drop in trade and the hot topic of protectionism has reduced the enthusiasm to create a plan that everyone agrees with.

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Topics: WTO, World Trade Organization, global trade, Doha Round, Protectionism, Global Trade Relations, Trade relations

Global Trade Management News

Posted by Marketing Coordinator on Fri, Dec, 4 2009 @ 9:52 AM

Check out these recent articles that feature interviews with Management Dynamics’ executives regarding various topics related to global trade management, trade compliance, and supply chain management:

FEATURED ARTICLES:
Journal of Commerce: Technology’s Survival Kit
September 1, 2009
Nathan Pieri discusses how the Global Trade Management providers have thrived during the recession magnifying the importance of controlling supply chain costs.

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Topics: GTM, Management Dynamics, Did You Know...

Look for us at the CBP Trade Symposium!

Posted by Emily Thornton on Fri, Dec, 4 2009 @ 9:46 AM

Management Dynamics' executives will be attending the CBP Trade Symposium next week in Washington, DC. If you are planning on attending, please find us and say hello!

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Global Trade Management News

Posted by Marketing Coordinator on Fri, Dec, 4 2009 @ 9:13 AM

Check out these recent articles that feature interviews with Management Dynamics’ executives regarding various topics related to global trade management, trade agreements, and supply chain management:

FEATURED ARTICLES:
Journal of Commerce: Technology’s Survival Kit
September 1, 2009
Nathan Pieri discusses how the Global Trade Management providers have thrived during the recession magnifying the importance of controlling supply chain costs.

Read More

Topics: global trade news, GTM news, global trade management news, trade agreement news, Global Trade Compliance, Trade Agreement Management

Global Trade Management News

Posted by Caroline on Fri, Dec, 4 2009 @ 9:3 AM

Check out these recent articles that feature interviews with Management Dynamics’ executives regarding various topics related to global trade management, trade compliance, and supply chain management:

FEATURED ARTICLES:
Journal of Commerce: Technology’s Survival Kit
September 1, 2009
Nathan Pieri discusses how the Global Trade Management providers have thrived during the recession magnifying the importance of controlling supply chain costs.

Read More

Topics: trade compliance news, global trade news, GTM news, global trade management news, customs compliance

NAFTA Trade Fell Each Month This Year

Posted by Marketing Coordinator on Fri, Dec, 4 2009 @ 9:1 AM

The Journal of Commerce reports the twelfth month of decline in trade for the NAFTA countries. U.S trade with Mexico and Canada dropped to $57.3 billion, 20 percent lower than in 2008.

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Topics: global trade, NAFTA, Cross Border, Global Trade Relations, Trade relations

Supply Chain Network Optimization

Posted by Emily Thornton on Fri, Dec, 4 2009 @ 8:37 AM

A new report published by IDC Manufacturing Insights talks about the importance of establishing a high quality supply chain network. In their summary of the report, Supply Chain Brain gives a good overview of why this is such a priority in supply chain management, referencing Kimberly Knickle of IDC:

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Topics: Supply chain network

Management Dynamics in the News

Posted by Emily Thornton on Thu, Dec, 3 2009 @ 4:14 AM

Check out these recent articles that feature interviews with Management Dynamics' executives regarding various topics related to global trade and supply chain management:

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Topics: Management Dynamics

A New Free Trade Agreement Between Peru and European Countries

Posted by Marketing Coordinator on Tue, Dec, 1 2009 @ 7:49 AM

The New York Times reports that Peru has recently signed a Free Trade Agreement with four European countries, Switzerland, Norway, Iceland and Liechtenstein.

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Topics: global trade, Peru/European trade agreement, Exporters, Global Trade Relations, Export, Trade relations, Free Trade Agreement

Who Are the Biggest Trade Complainers?

Posted by Marketing Coordinator on Tue, Dec, 1 2009 @ 6:15 AM

The Economist received published an article with statistics about which country files the most complaints to the World Trade Organization(WTO)...and who receives the most trade complaints. Here's what they found.

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Topics: WTO, World Trade Organization, global trade, European Union, EU, Exporters, Global Trade Relations, Trade relations, Did You Know...