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!
- Why has the industry been so slow to use Processing Trade?
Actually, most multi-national companies have adopted Processing Trade for their manufacturing operations here. However, if a company is not comfortable with its own ability to meet the associated compliance requirements, it may reduce the bonded contents on Customs Handbook or change back to General Trade. - Are there particular verticals which are particularly apt to benefit from the program?
Most companies with manufacturing operations can benefit from the Processing Trade program. We have customers in the industry of auto, machinery, chemicals, healthcare, life science, electronics, etc. - We’ve heard a lot about the tools Amber Road provides, but Kae-Por, could you give us some general context as far as the market for CTM tools out there? Is this vendor side still at an immature stage right now?
Amber Road solution is the only comprehensive CTM tool available in China now. There are small companies that provide tools for individual functions or some companies have developed their in-house special purpose solutions, which they find in general is difficult to maintain with the constant regulation and regulatory content changes.
Click here to view the entire Q&A session.
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