Global trade and the associated supply chain are subject to ever-increasing international regulations and legislation. Global Trade Management reduces the risk of liability, fines and delays at international borders, and conducting a sourcing and distribution analysis presents possibilities for companies to minimize import duties, taxes and surcharges.
Amber Road and Supply Chain Movement have created a Global Trade Management Mindmap to outline the route to creating a comprehensive GTM program, including road signs indicating potential hazards along the way. The route includes the following stages:
- Plan - make GTM a strategic focus area
- Do - execute a GTM plan
- Check - remain constantly alert to international laws and requirements
- Act - conduct international trade more efficiently and cost effectively with fewer risks
Follow this roadmap to ensure successful GTM operations within your company!
