Successful global supply chains require timely access to complete and accurate global trade content. Content isn't just data, though - content combines logic with data, automating rules with data to keep companies in compliance.
For example, calculating the landed cost of a good requires not only knowledge of the harmonized tariff schedule (HTS), the duties and fees – among other pieces of information-- associated with the item, but also the applying algorithms (the logic) to the information to calculate that cost. Similarly, simply knowing an Export Classification Number won’t tell you whether you need a license to ship an item.
Logic that automates the destination/origin pairing, the reasons for control, and the exceptions, amongst other information, is required to make the appropriate compliance decision for government mandates.
But how do you get content? What happens if you use it? How do you stay on top of important updates?
Anthony Hardenburgh, Amber Road Vice President of Global Trade Content, explains in this Supply Chain Digest feature what "global content" really means and why it is so vital for companies that want to stay compliant, efficient and profitable.
