Global trade management can be complex…and so can the terminology! We created a series of short videos to help you understand the basics. Last week we introduced the first video in the series, which focused on restricted party screening. This week we will focus on landed cost.

In the second video of the series, we explain what a landed cost is and what components are involved in this complex calculation. Take a minute to learn more about landed costs – watch this short video:

Amber Road, a leading provider of Global Trade Management solutions, announces the launch of its latest trade compliance product, TradeWizards.com. TradeWizards.com is a suite of nine different research tools that helps companies import and export goods more quickly and affordably, while staying compliant with country specific trade regulations.

Tomorrow, July 12 at 2pm EDT, Praxair and Management Dynamics will host a complimentary webinar, Trade Wizards: Your Solution to the WCO HS Changes (and More!)

Join Praxair and Management Dynamics for a complimentary one hour webinar, Trade Wizards: Your Solution to the WCO HS Changes (and More!), on Tuesday, July 12 at 2pm EDT. Global trade compliance experts will discuss the WCO 2012 HS changes, show you how to prepare, and demonstrate how Trade Wizards, a web-based research tool-set, can help answer your complex trade questions instantly.

There is a lack of awareness in some small to mid-sized companies (SME) with the amount of tax planning for import duties. Because of this, there are a lot of missed opportunites to reduce company costs. According to Import Duties: Bend Me, Shape Me, Any Way You Want Me in CFO magazine, there are many key strategies to use import duties to your advantage.

Give us a few minutes. We'll show you how to automate your import supply chain operations. View our brief video and learn about automating your import supply chain in a flash!

According to American Shipper magazine, both the U.S. and Indian government have announced an incentive to encourage small to mid-sized companies to trade bilaterally between the two countries.

After posting yesterday on some of the issues the new 10+2 rule is creating for importers, I found this article in American Shipper that discusses some of the challenges specific to smaller importers: Reaching the Little Guy. Some major challenges are that many small businesses do not have representatives in foreign countries to track down the necessary information, they are hindered by working in different time zones, or they do now even know who the primary manufacturers are that are used by the buyers with whom they place their orders. I haven't seen this issue discussed a whole lot in the extensive press coverage on 10+2, but seeing as how small and medium-sized enterprises do make up a significant percentage of importers, it's definitely worth taking a look at.

There is a lack of awareness in some small to mid-sized companies (SME) with the amount of tax planning for import duties. Because of this, there are a lot of missed opportunites to reduce company costs. According to Import Duties: Bend Me, Shape Me, Any Way You Want Me in CFO magazine this month, it discusses some key points for SMEs to reduce costs as an importer.