Last month, American Shipper and Amber Road broadcast a great webinar, "From GTM to CTM: A Closer Look at China's Processing Trade Program and Cross-Border Supply Chain." Our speakers, Amber Road's Kae-Por Chang and Ty Bornder and Delphi's Thomas Luo, got a lot of questions at the end of the webinar, and they weren't able to answer them all during the webcast. Luckily, they've answered them here!

The Acteon Group, a leading global integrated subsea services provider, has chosen Amber Road to automate and standardize restricted party screening across all of its worldwide branded services.

Headquartered in Norwich, UK, the Acteon Group brings together a broad range of companies, mainly in the oil, gas and renewables industries. One of the biggest firms in the subsea services industry, Acteon has over 35 different company sites. It offers worldwide services with and has thousands of trading partners.

We had a blast cruising on the Potomac with our guests at BIS Update! Amber Road, Sandler, Travis, & Rosenburg, P.A., and Sandler & Travis Trade Advisory Associates would like to thank everyone for joining us and making it such a memorable event.

China’s trade regulations can be particularly daunting, which is why understanding China’s trade framework is crucial to support a compliant and efficient supply chain.

That's why you can't miss tomorrow's webinar with American Shipper, From GTM to CTM: A Closer Look at China’s Processing Trade Program and Cross-Border Supply Chain TOMORROW, August 14, at 10AM EDT.

This one-hour session will examine China’s trade landscape and discuss best practices for Chinese trade operations, including a case study from a major automotive technology manufacturer with operations across China on how they were able to reduce duties with automation.

As more and more emerging markets develop sophisticated trade regulation programs, trading internationally becomes more complex. In this video, Ty Bordner, Vice President of Solutions Consulting, speaks at the SCM Logistics and Manufacturing World Conference about the biggest challenges facing international companies today: keeping up with trade regulations, developing a flexible compliance strategy, and moving goods quickly and efficiently. Amber Road’s Global Trade Management solutions and Global Knowledge body of trade information can help companies face all these challenges head-on.

Trade related controls must be a part of any relationship between a company and its supply chain partners. Importers must collaborate with extended trading partners (suppliers, customs brokers, carriers, etc.) to ensure complete and accurate information accompanies inbound shipments and documents, and that other information is readily available to the parties that need it. Companies must also stay abreast of dynamic country-specific import regulations to avoid regulatory violations and penalties. Poor planning and execution leads to delays at Customs and increased costs.

China’s trade regulations can be particularly daunting, a major concern considering the sheer number of companies with operations in the world’s top exporting nation. Understanding China’s trade framework is crucial to support a compliant and efficient supply chain.

Companies are starting to turn to China Trade Management (CTM) software solutions to help them take advantage of China’s Processing Trade program, in particular – no surprise, since the program can help shippers reduce product cost by 25 percent or more.

Discover best practices in China trade operations during American Shipper's webinar, From GTM to CTM: A Closer Look at China’s Processing Trade Program and Cross-Border Supply Chain on Thursday, August 14, at 10AM EDT.

by Kae-Por Chang, Managing Director, Amber Road China

The total costs to conduct business and supply chain operations in China for multi-national companies are greatly influenced by a company’s capabilities to manage its General Trade, Processing Trade, and Bonded Zone operations in China.

Processing Trade, for example, affects companies that import materials and components into China and use those materials and components to manufacture finished goods for export to foreign markets. When properly administered, Processing Trade transactions are exempt from import duties and value-added-taxes on export. Utilizing the Processing Trade program can reduce product costs and increase working capital efficiency by 25 percent or more.

The shipping industry has finally started to go digital. Until recently, if you wanted to ship a container from San Francisco to Hong Kong, you had to place an order over the phone. with a person on the receiving side. However, those people taking the ordersmake an error 20% of the time, which costs the shipping industry about $684 million a year, according to Ocean Audit, Inc. 

To cut down on shipping entry errors, many companies have turned to digital platforms offered by software firms like Amber Road, or carriers like A.P. Moeller-Maersk A/S.

Congratulations are in order for Amber Road's Chief Financial Officer Thomas Conway, who won the New Jersey Technology Council's CFO Deal of the Year Award today!

Tom Conway celebrates above with Amber Road CTO Glenn Gorman,CEO Jim Preuninger, VP Sales Al Cooke, his wife Meagan Conway, and Greg Olear. The announcement was made at the NJTC CFO Awards Breakfast this morning.