In light of today’s volatile global trade climate, visibility and agility are the two key factors of a supply chain. To remain competitive, global companies require thorough, end-to-end supply chain visibility and the combination of several solutions will no longer cut it. According to Jim Preuninger, CEO of Amber Road, agile companies implement best-in-class systems that integrate all points of the supply chain into one accessible solution, mitigating risk and expediting time-to-market.
The rapid growth of e-commerce retail has generated a significant freight demand market for trucking, in turn boosting freight rates. Gary Barraco, Director of Global Product Marketing at Amber Road, applies the findings of the recent Benchmark Report: e-Commerce Impacts Global Trade by pointing out that e-commerce sales are projected to comprise 13% of global trade by 2019. These projections will require a widespread “retooling” of retail supply chain models in order to maintain growing demand.
Amber Road's Senior Trade Specialist, Arne Mielken, contributes his expertise to a conversation of integrated supply chains. Mielken comments on how mergers and acquisitions have contributed to a shift in manufacturing supply chains and the likeliness of big changes in the future.
While the new administration works to sweep clean “burdensome” regulations, like the 2010 Dodd-Frank Act which protects war-torn parts of Africa from the mining of “conflict minerals,” we find that the burden of compliance remains. Anthony Hardenburgh, VP of Global Trade Content at Amber Road, reveals that this is not an opportunity for global companies to turn a blind eye to ethical violations but rather a motive for companies to increase vigilance over every aspect of their supply chain.
The 2017 Logistics Planner is here and Amber Road made the cut! As a premier supply chain and logistics guide of the market leaders, Amber Road is celebrated for its cloud-based GTM solution that plans, optimizes and executes all aspects of global trade.
It’s that time of year when Supply & Demand Chain Executive releases their Annual list of 2017 Pros to Know. Jim Preuninger, CEO of Amber Road, gains recognition for his accomplishments as a global trade management software provider and member of the supply chain community.
Between the United States’ controversial withdrawal from the TPP, President Trump’s discontent with NAFTA, and the proposed “border adjustment tax,” U.S. trade policy is entering unfamiliar territory. Luckily, GTM software providers like Amber Road provide solace to companies reliant on global trade through real-time access to import and export compliance rules, custom duties and taxes, and other trade barriers, explains Ty Bordner, vice president of solutions consulting.
Amber Road and AAEI’s survey of supply chain professionals shows 75% have an online sales channel and of those who don’t, most are planning to implement one in the future. However, establishing an e-Commerce presence is only half the battle, as 36% struggled to achieve strategic goals and objectives due to shipping/transportation challenges.
No one can predict the definite impact that trade policy shifts will have on compliance, but Anthony Hardenburgh, VP of Global Trade Content at Amber Road, takes a crack at it. By gathering the changes implemented at the start of 2017 (HS changes, TFA implementation, Trump’s inauguration, etc.) Hardenburgh provides a holistic view of trade landscape and recommends software solutions to help alleviate some of the uncertainty.
In a survey by Amber Road and AAEI, 24% of supply chain professionals are concerned about regulatory penalties, suggesting strong trade compliance protocols and abilities are critical to success in e-Commerce. Trade regulations are constantly changing and the task of ensuring trade compliance is becoming more difficult. Amber Road points to automation to help shippers avoid costly delays in a number of different ways.
With the rapid growth of global e-commerce, over 1/3 of supply chain professionals struggled to meet their goals due to shipping and transportation challenges. Gary Barraco, the director of global product marketing, at Amber Road points to a combination of technology, trade compliance knowledge and automation to overcome the challenging and unpredictable environment of global e-commerce.
Despite the 11% increase in online retail sales between 2015 and 2016, global vendors have a multitude of concerns - with cyber-security at the forefront. In a brief about e-commerce and global trade, Supply Chain Dive cites AAEI and Amber Road’s 2017 Benchmark Report: e-Commerce Impacts Global Trade.
In a discussion about breaks in the supply chain, the Wall Street Journal cites AAEI and Amber Road’s 2017 Benchmark Report with the statistic that 24% of companies with e-Commerce channels have suffered from regulatory penalties. The Wall Street Journal refers to Amber Road and AAEI’s study as the report to read if you want to stay abreast of e-Commerce trends.
AAEI and Amber Road's new benchmark report reveals cyber security and changing trade regulations as supply chain professionals’ top concerns in 2017. Gary Barraco, director of global product marketing at Amber Road, recommends a combination of technology, trade compliance knowledge, and automation to stay ahead of the e-commerce curve.
Since its enactment in 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (also known as the Conflict Minerals Law) has significantly diminished unethical sourcing practices, particularly in regard to 3TGs. Gary Barraco, Director of Product Marketing at Amber Road, discusses how the new administration’s plan to dispose of “burdensome” regulations threatens the progress made by the Conflicts Mineral Law and the Democratic Republic of Congo citizens which it protects.
In the face of recent geopolitical challenges, importers and exporters can expect a multitude of changes in the coming months. Gary Barraco of Amber Road discusses how the uncertainty around trade sanctions has necessitated the use of technology to alleviate global trade complexities. Keeping an Eye on Sanctions is featured in American Shipper’s Adam Smith Project, a weekly digital newsletter focused on the regulatory and technological landscape of global trade.
With the recent changes to our political climate, important trends have emerged within the realm of global trade management. First and foremost, GTM vendors like Amber Road have been ahead of the curve by proving that their solutions can help shippers navigate the complexities of the nation’s ever-changing trade agreements.
The trend of global trade management (GTM) adoption is picking up and expected to increase at an annual pace of 10%. As companies increasingly forgo the traditional, manual GTM methods, William McNeill, research director at Gartner, points to Amber Road as a top vendor of cloud-based solutions.
Gary Barraco, Director of Product Marketing at Amber Road author’s an executive perspective, in which he discusses how companies can alleviate risk and preserve the trust of valued customers through automated solutions, such as audit management, product traceability, social compliance and restricted party screening.
There is a lot to be worried about in 2017 for those companies reliant on global trade. You are encountering the anticipated shifts in worldwide trade policies stemming from a series of governmental changes such as the U.S. election, last year’s trade volumes and retail sales hitting bottom, transportation and logistics companies running aground, brick and mortar stores turning out the lights for good, and everyone being asked to do less with more.
Gary Barraco, Director of Global Product Marketing at Amber Road, discusses the positive and negative effects of the recent upsurge of online shopping. Referencing various consumer research studies, Barraco highlights consumers’ expectations for a seamless online experience and the need for retailers to produce powerful digital content.
There’s no question that trade regulations are changing at a rapid pace, however there is uncertainty as to which changes should take priority in your daily supply chain operations. In Inbound Logistics’ list of the 6 most important rules and regulations, Kristine Bols, director of global content with Amber Road, provides her expertise on changes in the Harmonized System.
Amber Road’s senior trade specialist Arne Mielken discusses the constant changes affecting the rules and regulations of trade in the European Union. Mielken identifies automation, modern technology and being prepared as major keys to combat the challenges of the ever-changing regulatory landscape.
From language barriers to import/export laws and regulations, GTM software has made sense of the complexities that arise at every point in your supply chain. While approaches vary, major GTM player Amber Road offers a simplified solution to address the challenges of global trade.
The new GTM software is much more comprehensive than in years past. Global sourcing from product and material design and development, supplier selection and cost analyses are becoming important.
Global supply chain and logistics professionals often lose sight of their impact on the corporate structure, but like George Bailey, they just need some perspective, recognition, and hard data, according to Stephanie Miles.
Companies that fail to make note of the 233 amendments and 500 changes made to the Harmonized System can miss out on preferential programs by misclassifying products, or even have the admissibility of those products into a country called into question, said J. Anthony Hardenburgh, Vice President of Global Trade Content at Amber Road.
Risk mitigation requires proactive strategies, so as you prepare for the new year and assess your budget for new technology, reflect back upon the risks and threats that impacted your supply chain in 2016.
As we move into 2017, global trade management executives need to brace against disrupters that have the potential to send your supply chain into a tailspin. To good news: research shows that a majority of manufacturers and retailers have automated their supply chains.
Experiencing supply chain disruptions these days is like watching the butterfly effect at Mach speed. One delicate wing flap in any part of the process and the whole supply chain erupts into chaos across the globe. Gary Barraco explains that while disruptions happen at all levels in a supply chain, best-in-class companies are more likely to have the inbound supply chain visibility to combat them. Compared to their competition, they excel at every level of engagement with suppliers, partners, and logistics providers including international suppliers and shipments.
The European Union has updated its EU Tariff, also known as the Combined Nomenclature, based off the World Customs Organization’s HS amendments. For the EU, and all trading companies both large and small, this will require extensive database updates and translations. It’s a big deal! Arne Mielken explains what importers and exporters should do now.
The VF Corporation, alike many manufacturers, were shaken by the Rana Plaza factory disaster that brought global attention to hazardous working environments and labor issues. This urged a re-evaluation of their corporate social responsibility (CRS) in which the VF Corporation added measures to address factory and working conditions within its supply chain.
Ask any social compliance or corporate governance executive about forced or slave labor and the response is always the same: “It is unacceptable in my supply chain.” Yet the reality is most supply chains lack the transparency to identify and take action against suppliers who violate this policy. Gary Barraco explores why, with increased regulations and growing pressure from consumers and NGOs, industries still struggle to maintain compliance.
When does agility become a competitive advantage for a profitable, smooth sailing supply chain? Gary Barraco explains how organizations must quickly adjust tactics and operations within their supply chains in response to a number of disrupters.
Even Amazon has been fined several times for running afoul of regulations; the company admits it’s improperly equipped for crossborder transactions. According to Gary Barraco, timely access to global trade information, product classification, and landed costs are imperative.
The international flow of goods and information requires corporations to tightly integrate internal technology systems and key business partners to ensure the timely exchange of information. As Claude Correll, VP Global Engineering at Amber Road, notes, rapid access to real-time data from multiple sources is even more critical to supply chain organizations that rely heavily on trading partners around the globe to deliver innovative products, drive critical supply chain processes and ensure a positive customer experience.
High demurrage and detention costs are rampant as ports are becoming increasingly congested and disruptive events such as labor disputes are occurring more frequently. Worse still, these fees accrue on a daily basis, so there's little room for negotiating the final bill. Dave Albanese, director of solutions consulting at Amber Road, shares how companies can work to avoid and reduce these tricky fees.
Donald Trump and Hillary Clinton like to talk tough on trade, arguing both the Trans-Pacific Partnership (TPP) and the North American Free Trade Agreement (NAFTA) had negative effects on American competitiveness. But those involved in the production and transport of goods know lower barriers to trade at one end can lead to exponentially lower costs at the other end of the supply chain. As Gary Barraco points out, manufacturing centers have made way for massive distribution centers.
While the fundamental strategies of successful global sourcing remain constant, Gary Barraco notes that two factors have considerably changed in recent years (especially in the first half of 2016) - the speed of change in global economics and an evolving consumer shopping pattern.
Product recalls are more common than ever, and they can have serious repercussions for brands and manufacturers. Gary Barraco explains how extending product traceability can achieve great results, including higher social and environmental responsibility, enhanced product quality, and complete regulatory compliance.
When this top-tier athletic footwear manufacturer needed a quicker way to access supplier and purchase order information, they implemented Amber Road’s supplier collaboration solutions and saw a 10%-15% fill rate increase.
If you’re a retailer that is not already engaged in international e-commerce, you are late to the game – but there’s still time to plan your strategy. Gary Barraco offers several strategies for companies to strengthen their competitive advantage in cross-border operations.
Just like our own bodies, supply chains need checkups too! According to Gary Barraco, routine checkups on your supply chain could prevent issues like supplier social compliance issues, customs shipment delays, inaccurate landed cost calculations, regulatory lapses and a myriad of other problems.
Global business-to-consumer e-commerce is growing leaps and bounds. And the primary reasons for the booming growth include emerging markets where consumers often find it hard to access coveted products locally and are seeking the convenience of online shopping over brick-and mortar.
Sustainable packaging has evolved from a “nice to have” to a “need to have” in today’s e-commerce-driven consumer market. Once considered a competitive advantage, the sustainable package is becoming more and more of a requirement driven by retailers, government regulations and public perception.
With traceability playing a key role in addressing the rising importance of social compliance, it may be time to review your traceability strategies and confirm you're armed with comprehensive product information across your supply network, says Thomas Ng, Managing Director, Supply Chain Solutions.
Trek Bikes, a major bicycle and cycling product manufacturer and distributor, has selected its Amber Road’s Trade Automation solution to lower landed costs and manage global trade. Using Amber Road’s Global Product Master, Trek will gain access to accurate classification information through a centralized data repository to support supply chain decisions. The company will also reduce costs by automating the ISF filing process.
Charged with orchestrating behind the scenes movements like warehouse, labor, yard/dock, transportation and global trade management, supply chain execution (SCE) software continues to play a critical role in today’s overall supply chain processes. Folded under the umbrella of supply chain management (SCM), along with supply chain planning (SCP), SCE focuses on execution-oriented applications that carry out the plans created by those planning systems.
For many trade compliance professionals, the most complex challenge posed by FTAs is understanding and navigating the various “rules of origin,” which are highly complex and technical rules that describe how exported goods shipped to a country, or a region, may qualify for duty-free or reduced-duty benefits under the applicable trade agreement.
There are few things worse in the apparel business than developing and manufacturing a great product that can't find its way to the retail floor because it's stuck in customs with a labeling issue. Here J Anthony Hardenburgh, vice president of global knowledge at Amber Road, unravels some of the rules and regulations of what needs to be said - and how.
Any U.S. export violation can mean fines, jail time, or worse. But international arms transactions require even more stringent screening to keep close guard on weapons of all types. Anthony Hardenburgh, vice president of global knowledge at Amber Road, discusses how an automated system bridges trade compliance, sourcing and product development, and connects all of the subsequent parties that are involved in the intricate supply chains of today.
Air and ocean cargo security remains a high priority for supply chain managers across the globe. While cargo theft has been a concern for years, organizations also contend with the risk of terrorist groups uncovering vulnerabilities in global supply chains to carry out illicit cross-border operations. Gary Barraco, director of product marketing, offers several ways shippers can secure their supply chain against these risks.
The world of global freight has produced radically different methods of optimization. Nathan Pieri, Chief Product Officer at Amber Road, shares five ‘get rights’ a company should consider when evaluating how to cut global freight costs.
Complying with the Customs rules and regulations governing imports may feel like you're caught in endless twists and turns. Suzanne Richer, director of trade advisory service for Amber Road, shares how a single repository of data can help to master the maze.
For those compliance officers watching Iran closely, and especially within companies considering doing business with Iran, what the Iran deal mean? Arne Mielkin discusses the interesting market potential and difficult environment facing companies looking to move into the Iran market.
Even with its dominance as the world’s biggest sourcing base and second largest consumer market, it has never been easy to conduct trade in China. But in June 2016, the China General Administration of Customs (GAC) started a pilot program in Shanghai which introduced nationwide customs clearance reform with the goal of national implementation by 2020. Kae-Por Chang, General Manager of China Trade Management at Amber Road, explains how to navigate these changes.
Going digital is more than just spending a higher percent of revenue on IT: where and how you spend your IT dollars is just as important, according to Nathan Pieri, chief product officer at Amber Road. If companies don’t start making the transition and driving digital to the core of their business, they be at a competitive disadvantage.
Procurement organizations have faced a number of new trade compliance regulations this year. But a new survey from Amber Road shows multinational companies are not investing in trade compliance training for their employees, despite the risks of noncompliance.
A new standardized customs system being rolled out across China will bring challenges and opportunities. Kae-Por Chang, managing director of Amber Road China, shares the ways that companies can prepare for this paradigm shift in China trade management.
With the current turmoil in global markets highlighted by the increasing polarization of the wealthy and poor, terrorism, Brexit and a possibly increasingly protectionist US, global trading is set to become more complex and challenging than ever. The ideal is for a company to run its global trading operations like a Swiss watch, but that is becoming more and more difficult as uncertainty increases. According to the Amber Road Global Trade Academy the world of global trade is extremely complex. Why else would an academy be necessary?
On Wednesday, President Obama signed the biggest chemical safety legislation since the Toxic Substances Control Act (TSCA) was enacted 40 years ago to regulate the manufacture, import and processing of chemicals. The question now is whether the passage of this bill really means the U.S. finally has a unified and comprehensive chemical safety program that works. Gary Barraco investigates.
Product traceability has become a critical aspect of supply chains and global trade, with definitions that run the gamut depending on the industry or phase in the product lifecycle. Thomas Ng, General Manager of Supply Chain Business, discusses the most important aspects of a product traceability program.
An Amber Road study found that only a third of French companies are certified Authorized Economic Operators (OEA), a key status within the new Customs Union. Many organizations are not prepared to handle increasing trade compliance regulations.
With process automation, global companies can redice their foreign trade risks while ensuring legal compliance. Arne Mielken, Senior Trade Specialist at Amber Road, details the steps companies can take to ensure the free cross-border movement of goods.
When a ship sinks or suffers damage on the high seas, cargo owners must share the cost of setting things right - even if they weren't at fault. Suzanne Richer, Director of Amber Road’s Global Trade Academy, shares several steps you can take to manage your costs and make sure your rights are protected.
In a sourcing environment where supplier diversification is paramount, it becomes more important for organizations to meet the stringent import and safety regulations across a range of countries. Leaders are taking advantage of government programs such as C-TPAT, AEO and J-AEO to ensure a secure supply chain and expedite shipment processing through border points. It isn't that easy to earn the coveted "golden ticket" from Customs, but Suzanne Richer’s advice can help you build out a supply chain network that meets the standards.
A survey of 322 executives at U.S.-based global companies by trade management firm Amber Road found 56% of the executives said their organizations aren’t investing in trade compliance training, even though 28% were fined or warned about their noncompliance. Of the 73% of respondents who said their companies have a trade compliance plan, 46% don’t require employee training on it and 28% require 11 hours or less of training.
Many Canadian companies don’t see trade with United States as being “international.” But cross-border commerce adds several layers of complexity. To expedite shipments, Suzanne Richer, Director of Amber Road’s Global Trade Academy, recommends that companies become familiar with pre-clearance programs and other regulations.
Integrated with Bunzl's order management system and connected with six carriers, Amber Road’s Supply Chain Visibility solutions allow Bunzl to significantly streamline its inbound supply chain.
Even though the rollout of the Automated Commercial Environment (ACE) has had a bevy of delays, quicker and easier data access will benefit government agencies and the trading industry. Suzanne Richer, Director of Amber Road’s Global Trade Academy, reviews the updates that shippers will need to know to take advantage of the ACE Single Window program.
Will the EU FTA and TPP trade agreements truly make Vietnam the replacement solution to the higher labor cost challenges in China? Gary Barraco, director of global product marketing for Amber Road, suggests that when it comes to sourcing in Vietnam, whoever gets on the floor first, wins – and that the time to act is now.
Sourcing professionals must be keyed into the constantly changing global regulatory requirements in order to ensure products are compliant in every region where they are sold. Gary Barraco, Director of Product Marketing at Ambr Road, explores how automation tools and solutions can help business’ successfully meet compliance requirements and avoid the associated sourcing risks.
There’s an enormous opportunity brewing in the world’s second-largest and second most populous continent that outweighs the risks of a region pocked by violence and instability. Gary Baracco, Director of Product Marketing at Amber Road, discusses the factors that will contribute to the huge consumer opportunities in Africa.
Shippers now understand the value of automating shipment automation. Nathan Pieri, Chief Product Officer at Amber Road, explains how one visibility system can cut across many forwarders, suppliers and customers.
Levi’s is using Amber Road’s supply chain visibility to build the brand, gain visibility into inventory, streamline trade compliance, and go direct to the consumer.
With the new EU Customs Code comes a new concept for German legal system: self-monitoring and self-assessment. Arne Mielken explores the advantages and disadvantages of this new Customs paradigm for the German economy.
While German exports to Russia have declined significantly since 2014, the economic sanctions against Russia and Ukraine make trade compliance to the reason doubly difficult. Kai Schwab, Sales Director of Germany for Amber Road, discusses the software solutions that can help companies navigate these sanctions in a cost-effective way.
Lured by the promise of bigger sales, better access to consumers, and even their ultimate survival, wholesale brands are increasingly looking to circumvent traditional retailers and reach their customers directly—with "direct-to-consumer selling" or DTC. Gary Barraco, Director of Product Marketing at Amber Road, details the steps that DTC retailers will need to take control of their supply chains and seize the opportunity to connect with customers.
Customs organizations around the world are modernizing systems to eliminate manual processes, improving visibility to trade flows, and helping companies comply with applicable laws and regulations. The WCO (World Customs Organization) labels this type of system as a “Single Window” where Customs effectively centralizes the collection of data and distributes it to all required agencies to realize a coordinated and more efficient border control. Nathan Pieri, Chief Product Officer discusses the eight best practices that need to be considered in order to effectively meet the new PGA requirements and minimize supply chain disruptions.
As the annual freight rate contract negotiation process is underway, it is key that shippers fully evaluate options across carriers utilizing knowledge of historical changes and past performance in their trade lanes. Andrew Wigdahl, senior product manager at Amber Road, lays out three imperatives for managing carrier freight rates.
Global supply chains are growing in complexity, yet remain vulnerable to myriad dangers damaging to both people and businesses. Gary Barraco explains how the supply chain must be protected against those disruptions: by establishing processes like counter-terrorism evaluations, identifying the most critical elements of the supply-chain system, and bolstering resilience so the supply chain can recover quickly from any disruptions.
In a perfect world, your SCM or other application would fit the needs of your business perfectly in a so called “out-of-the-box” fashion. But, because the goal of these applications is to help diverse companies manage their businesses across the world, the volume and complexity of the requirements is high. It really is not possible to design an enterprise application that solves all possible needs for all companies in a given market.
The technology Giant Siemens has adopted Amber Road’s China Trade Management solution, which centralizes and automates Customs procedures and the China Inspection and Quarantine (CIQ) for all import and export activities in China.
The technology giant Siemens AG has selected specialist Amber Road’s global trade management solutions to optimize its trade in China.
International trade can entail significantly more risk than straightforward domestic business-to-business transactions. In collaboration with Amber Road, Supply Chain Movement has put together this Global EU Trade Map which provides an overview of current EU trade agreements and an insight into potential trade risks and how to mitigate them.
Shippers grab hold of GTM solutions to streamline imports/exports, ensure trade law compliance, and keep shipments moving across borders everywhere on the planet. Gary Barraco details how collaboration with suppliers is key, too.
An enterprise-wide global trade strategy increases supply chain cost and service performance for all trading partners and enables importers and exporters to comply with mandatory trade and security regulations. Companies that prioritize best-in-class global supply chain trade practices, maintain effective global transport / trade organizations, and employ enabling technologies are the best positioned to capture the economic and brand benefits available in growing and changing global markets.
Part of doing business successfully is making sure you know exactly who your business partners are. Most world governments publish lists of parties that their citizens or residents are prohibited or restricted from doing business with. The United States alone publishes about 50 different lists containing such information, and keeping track of those lists is vital to global trade, according to Ty Bordner, vice president solutions consulting for Amber Road.
A new logistics company wants to speed deliveries by easing shipping bottlenecks around the world by combining supply chain visibility with big data.
On May 1, 2016 the 2013 European Union (EU) Union Customs Code (UCC) Act will be in effect for importers and exporters trading in the EU. Suzanne Richer, Director of Amber Road’s Trade Advisory Practice discusses how important it is for companies to understand the new technology requirements and clearance processes.
Logistics Management examines the key drivers of GTM software growth, and why more shippers will need to put solutions like Amber Road’s Trade Automation to work in the near future.
Global supply chains are growing in complexity, yet remain vulnerable to a myriad of threats and hazards that damage businesses and threaten the global economy. Gary Baracco, Director of Global Product Marketing at Amber Road discuss how there needs to be a marked increase in proactive practices, starting with clear continuity plans in case of disruptions.
This article describes our Global Sourcing & Trade Management 2016 Benchmark Report with Supply Chain Digest and major opportunity that many companies have in better integrating their global sourcing and logistics processes.
For food manufacturers and food trading companies with activities in the Asia-Pacific American region, it is worthwhile to study the treaty text of the TPP.
This feature appeared in a dual language Swiss publication. Click here for the German version and here for the French version.
The United States Fashion Industry Association (USFIA) announced that Amber Road will extend its innovation partnership through the next two years. Amber Road has been a member of the association since 2013. This year, Amber Road will continue to provide subject matter expertise to the member community on utilizing innovative sourcing technologies to ensure compliance across the global supply chain, how to ensure supply chain security and manage risk, among other supply chain challenges.
The most important change in today’s global marketplace is the rapid increase in business-to-business e-commerce, which is expected to reach $6.7 trillion worldwide by 2020. As Amber Road CEO Jim Preuninger expresses, this opportunity represents a gold mine for companies that can capably meet the requirements of business buyers, a far more daunting task than selling to consumers.
As we transition into 2016, what capabilities are companies looking for in a global trade management solution? The Technology Evaluation Center (TEC) recently looked into the benefits that companies have been looking for - and what they found in Amber Road's solutions.
Change is a constant in international trade. Make sure your global trade management software includes these four capabilities, and you'll be ready to meet to the latest requirements. Anthony Hardenburgh, vice president of global trade content, explains that a GTM solution must take on a product management role, merging the competing demands of imports, exports, tariffs, and laws.
Companies are taking a more holistic look at their overall supply chain and one key area is duty management. Anthony Hardenburgh describes the reasons behind the growth in FTZs in the US and globally.
When introducing new products, why hasn't total landed cost played a more prominent role in the vetting process? Gary Baracco, director of global product marketing at Amber Road, and Dan Gilmore, president of Trade Facilitators, Inc., discuss the factors that make landed cost calculations so difficult, and how technology can make them more manageable.
In a global economy, where 47% of the revenues of the S&P 500 are derived from foreign sales, getting ahead of trouble provides a decided competitive edge. Increasingly, SCM practitioners gain that edge courtesy of the data collected by companies such as Amber Road. Nathan Pieri, Chief Product Officer at Amber Road, explains why moving goods seamlessly - using supply chain analytics and big data - is a global imperative for 2016.
As familiarity with PLM’s capabilities has grown, so has the complexity of the supply chain as companies source materials and production around the world. Gary Barraco, director of product marketing at Amber Road, has seen strong interest in product testing and social compliance—but product testing is becoming more important now with the U.S. Customs and Border Patrol’s (CBP) Automated Commercial Environment (ACE) becoming the Single Window in December.
Supply chains, and the tools for managing them, have evolved over at least the last 100 years. Following the great industrial age, the initial focus was to improve the relatively simple, but very labor-intensive processes. Today, supply chain engineering through technology and processes allows manufacturers to manage extraordinarily complex international networks.
Apparel and textile companies could greatly benefit from reduced costs, improved global market competitiveness, fewer bureaucratic regulations and speedier inventory turnaround if foreign-trade zones (FTZs) were a part of their sourcing strategies, but many of the zones remain underutilized. Matt Robeson, FTZ Product Manager at Amber Road, further discusses the benefits of FTZ programs and ways U.S. companies can utilize FTZs to boost their bottom line.
ABB, a leader in power and automation technologies, has chosen to utilize Amber Road's Trade Planner and Trade Wizards solution. This has enabled ABB planners to explore different supply chain scenarios that take into account total landed costs, export and import regulations, preferential trade agreements, and more. ABB is also able to back-up its restricted party screening efforts and to ensure documentation and legal requirements are met - reducing its commercial and legal risks.
The global aviation company has more than 20,000 partners and decided it needed to upgrade its restricted party screening process to reflect a much more complex regulatory environment.
How should global companies handle exports in a world that becomes more globalized and complex on a daily basis? This is a question that Amber Road would like to answer.
It’s 10 years after Hurricane Katrina, yet its calamitous legacy lives on. What lessons can companies take from major supply chain disruptions—manmade and natural alike—and apply to help mitigate current and future disasters?
As globalization drives the expansion of U.S. agriculture imports and exports, the interest in global trade management (GTM) software is likewise growing. Simply put, GTM software helps companies improve sourcing and procurement, vet foreign suppliers, manage global transportation and streamline the import/export process. Anthony Hardenburgh, vice president, global trade content at Amber Road, notes that food imports and exports are subject to a very complex regulatory environment.
The focus today of most companies for importing is cost reduction. However, strategically addressing imports can enable a company to proactively improve import operations, reduce bottlenecks, grow profits and further add to the bottom line. Anthony Hardenburgh, Vice President of Global Content at Amber Road, touches on seven key pieces necessary to create a strategic importing approach.
The coffee producer has signed a global contract with Amber Road for the implementation of a restricted party screening solution.
Are you on the same page, in real-time, with your trading partners? That’s the promise of today’s supply chain collaboration software. Gary Barraco, senior director of supply chain solutions with Amber Road in East Rutherford, N.J., says good supply chain collaboration is about building communication links and connections among the trading network’s various parties.
Many companies are unaware of how much money they could save by investing in their global trade operations and taking advantage of free trade zones, duty deferral, free trade agreements, and other preferential trade programs. Anthony Hardenburgh, Vice President of Global Content at Amber Road, describes how utilizing these programs can significantly reduce costs from customs duties, taxes and tariffs; improve global market competitiveness; and minimize bureaucratic regulations.
Long, complex global supply chains – stretching across geographies and involving many players – represent a unique and difficult risk management challenge. A strong cargo security program requires a holistic approach covering such areas as commercial risks, natural disasters and political upheavals.
There is a definite need for creating greater supply chain visibility, as global supply and demand networks introduce distance, cultural and time-zone challenges. Check out this article to learn what Stephanie Miles, Senior Vice President of Commercial Services at Amber Road, believes make supply chain visibly tools a good investment.
Apparel companies must be proactive in managing the complexities of testing and compliance or risk losing far more time and money on the back end in reacting to problems. Gary Barraco, Senior Director of Supply Chain Solutions provides insight into the complexities of testing and compliance for the apparel industry.
A growing reliance on automated systems makes global supply chains more vulnerable to potential criminal and terrorist cyber-attacks than ever before. Suzanne Richer, director of the trade advisory practice at Amber Road, says that air and ocean cargo shippers can also play a proactive role in the war against cybercrime and terrorism.
There is no cookie-cutter GTM solution and companies must take the time to perform a careful planning and analysis of their needs and vendor solutions to see the best results. Check out this article to learn what Ty Bordner, Vice President of Solutions Consulting at Amber Road, believes are the keys to selecting a GTM vendor.
A top-tier athletic footwear brand needed to gain quicker access to supplier information and share purchase order information with several hundred vendors and factories. Learn how the company saw tremendous cost savings, efficiency improvements, and an increase in fill rates after implementing Amber Road's Global Sourcing solution.
Air and ocean cargo shippers can also play a proactive role in the war against cybercrime and terrorism, says Suzanne Richer, Director, Trade Advisory Practice, Amber Road. At the same time, she says, logistics managers can protect themselves and their supply chains.
In this video interview, Jim Preuninger, Chief Executive Officer of Amber Road, outlines the challenges that companies face when they seek to integrate product design with sourcing. Their success or failure promise to have a significant impact on the supply chain, he says.
The United States Fashion Industry Association (USFIA) selects Amber Road (NYSE: AMBR) as its Innovation Partner for 2015, the first partner of this kind. Amber Road has been a member of the association since 2013 and will serve as a key subject matter expert on utilizing innovative sourcing technologies to ensure compliance across the global supply chain.
Supply-chain security can be segmented into two buckets: government compliance and internal risk assessment. Software can help with both. Ty Bordner, Vice President of Solutions Consulting at Amber Road, explains how software can assist with screening partners and suppliers in compliance with programs like C-TPAT.
Many would be surprised to learn the extent to which slavery is still present in global supply chains. In this video interview, Gary Barraco, Senior Director of Supply Chain Solutions with Amber Road, discusses the problem, and offers guidance on how companies can eliminate all forms of forced labor from their global operations.
Did you know 90% of firms do not quantify risk when outsourcing production? There are 4 types of risks that brands must be aware of to successfully manage their supply chain; Security risk, environmental risk, legal risk, and social risk. Check out this infographic to get all the facts on managing risk in your supply chain.
Fueled by NAFTA, trade between the U.S., Canada, and Mexico is booming. But not knowing the nuances and fine print can be costly for U.S.-based business wishing to take advantage of burgeoning, neighboring markets. Suzanne Richer, director of Amber Road's trade advisory practice, describes how to best play the NAFTA transportation game.
The foundation of an effective export compliance program begins early in the supply chain, long before the product is boxed and ready for pick up. Suzanne Richer, Director, Trade Advisory Service at Amber Road touches on the key attributes of an export compliance and audit process.
The longer the supply chain - with more levels of suppliers, disparate geographies and other middle men - the more complex and challenging compliance becomes. Gary Baracco, vice president of sales - supply chain solutions at Amber Road, describes how enabling a holistic, integrated approach to managing global supplier risks can protect brand integrity, improve customer service levels and reduce global supply chain costs.
An increasing amount of organizations have developed e-learning platforms to fill knowledge gaps and support companies in developing in-house talent. Amber Road now provides training in the areas of customs and trade compliance with its acquisition and launch of the Global Trade Academy, which offers over 60 courses.
Organizations need in-house professionals to understand trade regulations and implement global supply chain strategies. That's why Amber Road launched the Global Trade Academy to enhance supply-chain management and logistics professionals' skill sets.
Companies must develop a strategic approach to trade management to manage the complex and unpredictable regulations trade regulations in China. Scott Byrnes, vice president of marketing at Amber Road, discusses survey results that provide sound advice regarding growth, risks and regulatory issues.
Amber Road has completed the acquisition of ecVision, a Hong Kong-based company specializing in global sourcing software, for $24M. ecVision is used by enterprises as far-reaching as Li & Fung, one of the biggest international brand companies in the world, and by luxury and specialty brands such as Calvin Klein, Timberland, The north Face and Tommy Hilfiger.
Companies face three main sourcing supply chain risks: regulatory, brand erosion, and social compliance. Any one of these issues could lead to lost profits, product recalls, and customer erosion. At the same time, the longer the supply chain - with more levels of suppliers, disparate geographies, and other middle men, the more complex and challenging compliance becomes.
Gary Baracco, senior director of sales, supply chain solutions, at Amber Road, describes several ways these issues can affect a company's supply chain and how some best practices can mitigate them.
A few years ago, rising energy prices were the main concern of the oil and gas market. Today, the price of oil has dropped to its lowest levels in years. New markets, extraction breakthroughs, and shifting geopolitical relationships are also affecting financial returns. The resulting market volatility is forcing the energy sector to rein in costs by maximizing their supply chain efficiencies. Ty Border, vice president of solutions consulting at Amber Road, shares a few ways companies are optimizing their supply chains and creating more predictable financial returns.
To successfully oversee compliance for its imports and exports, Cameron International implemented Amber Road's Trade Automation solution, which handles the global firm's export restricted-party list screening and helps to classify imported goods and share data with its brokers. Says Cameron's director of logistics export and import strategy: "You can't manage what you can't measure."