Issues and Challenges

The appeal of sourcing low cost goods from foreign markets and balancing supplier risk has bolstered imports around the world. Along with these advantages, however, come a host of challenges.

Importers must collaborate with extended trading partners (suppliers, brokers, carriers, freight forwarders, etc.) to ensure complete and accurate information accompanies inbound shipments and documents, and that other information is readily available to the parties that need it. Companies must also stay abreast of dynamic, country-specific import regulations to avoid regulatory violations and penalties. Poor planning and execution leads to delays and increased costs and customs.

The nature of global trade makes it nearly impossible for companies to manage imports manually and stay current with ever-changing import regulations.

How Amber Road Can Help

Amber Road's network of In-Country Content Providers (ICCP) and trade specialists monitor and screen government trade regulations worldwide. Actively monitoring various country import regulations can require many hours of manual interpretation of trade rules and regulations. With Global Knowledge^®, organizations can automate their import trade content process and gain up-to-date access to the most accurate import regulatory requirements for over 160 countries. By automating key tasks such as product classification, import regulatory controls, trade party screening and landed cost calculation, global organizations can reduce the costs of trade, improve import compliance and profitably develop new markets.