In this era of globalization, many companies are looking to optimize their domestic and local networks into the international arena. However, many of these organizations are faced with the intricacies of distance, cultural and time-zone challenges, all of which makes up the complexities of international trade.

As companies grow and move into new global markets, their trade compliance risks expand alongside their growing customer base. Keeping up to date with import and export regulations and denied party screening can become manually intensive and inefficient. For those reasons, Axalta Coating Systems, a leading global coatings company, has started using Amber Road’s Export On-Demand solution.

Axalta develops, manufactures and sells a wide selection of performance and transportation coatings to more than 120,000 customers in 130 countries.  The company is enhancing its IT systems for ERP and other technology solutions to control costs and improve efficiency which included a search for a GTM solution deployed in a software-as-a-service (SaaS) module so they could implement very quickly and at minimal IT cost on a global basis.

“As our customer base continues to grow, we needed the ability to address compliance requirements globally and minimize risk without increasing headcount,” said Lisa Ross, director, global trade compliance at Axalta. “We found the solution in Amber Road’s platform. We look forward to reducing  risk and improving efficiencies as we expand.”

In October, Amber Road broadcasted a webinar on Significant Supply Chain Innovations featuring Stanford’s Dr. Hau Lee. Dr. Lee discussed the three S's of innovation (substitution, scale and structure), and explored how GE and Abercrombie & Fitch used this principle to innovate their supply chains.

Today’s Chief Supply Chain Officer (CSCO) is beset by pressures on all fronts, not the least of which is how to address new B2B and B2C direct to consumer flows. Aberdeen recently introduced a Prescriptive Model for Optimization that both defines and describes what leading companies are doing to reengineer inventory and fulfillment flows from source to end consumer. This framework requires a move from current state descriptive analytics to analytical optimization that applies prescriptive and predictive intelligence during both planning and execution phases.

Today’s managers know that they need to protect their supply chains from serious and costly disruptions, however only a few have taken action to prepare for unforeseen disasters. The most significant factors impacting supply chain risks are environmental, geopolitical, economic and technological. Each factor has a probability of causing disruptions within global supply chains. Whether it’s dealing with quality and safety challenges, supply shortages, legal issues, regulatory and environmental compliance, or natural disasters, companies can take a proactive approach to risk management to ensure their global supply chains are insulated.

Are you interested in furthering your GTM knowledge through educational and development training courses? Amber Road's Global Trade Academy has got you covered! Amber Road's Global Trade Academy is your premier source for comprehensive training and professional development in the areas of trade and customs compliance, import/export management, global logistics, risk assessment and international commerce. 

Today’s Chief Supply Chain Officer (CSCO) faces pressures on all fronts, not the least of which is how to address new B2B and B2C direct-to-consumer flows in a profitable manner. Aberdeen recently introduced a Prescriptive Model for Optimization that both defines and describes what leading companies are doing to reengineer inventory and fulfillment flows from source to end consumer. This framework requires a move from current state descriptive analytics to analytical optimization that applies prescriptive and predictive intelligence during both planning and execution phases.

With its Chief Procurement Officer driving the charge, global technology leader NCR Corporation wanted to reduce both the cost of goods sold and inventory levels in a strategic and thoughtful way. To get there, NCR would need accurate data that would allow it to analyze and optimize, reduce exceptions, and manage inventory positioning.

Export valuation can get complicated in the real world – it may include references to contract of carriage, contract of insurance, terms of sale and related valuation considerations. Following best practices in export agreements can reduce the risk of misunderstandings and ensure the exporter will be safeguarded for compliance while properly declaring export data to the government, as well as ease the buyer’s ability to clear customs in the receiving country.

Want to learn some of the key strategies to simplify export valuation? Suzanne Richer, Director of Amber Road’s Trade Advisory Services, will discuss these issues in her presentation at the ICPA Fall Conference in Grapevine, TX next week, “Valuation for Exports.” You can catch the program on Tuesday, October 27, at 10:15 AM, to cover in depth the best practices of export agreements and proper planning for the valuation of your shipments.

Last month, top global supply chain leaders in the pharmaceutical industry united to swap experiences and drive best-in-class performace at LogiPharma in Princeton, NJ. Two Amber Road thought leaders, Ty Bordner, Vice President, Soultions Consulting, and Corey Rhodes, Vice President Sales - Americas, lead discussions on suppliers, network design, operational readiness, and more.

With continued rise in the use of contract manufacturers, supply chain networks have become more complex than ever before. Corey Rhodes moderated the LogiPharma panel, “Pharma Supply Chains have Moved from Vertical to Network Environments – What Role Does Supplier Relationship Management Play in this Transition?” The panel examined several hot topics: