“Every organization at the border needs to follow certain success factors for seamless collaboration through an intelligence-led approach by using technology and analytics that can filter right data, as well as mobile real-time inspection processes that increase speed and value of information at the point of trade,” said Brian Moran, Global Managing Director, Public Services [...]
Managing the flow of goods, information, and money across borders is a highly complex, regulated, and dynamic process—and becoming more so every day! Therefore, companies can no longer rely on manual processes to manage their global trade operations, which is why the Global Trade Management (GTM) systems market is one of the fastest growing segments [...]
Locking down contracts and auditing are absolutely key, say security experts Over the years, organisations have outsourced a wide range of services, generally because third parties can manage them more efficiently and cost-effectively than they can themselves. As a result, security and regulatory requirements have increased substantially. For IT departments, securing information in the supply [...]
Almost two-thirds (63%) of respondents to a new survey from Deloitte identified risk in the extended value chain – comprising vendors and customers and where they have less control – as their greatest concern with regards to supply chain risk. The survey of 600 global executives from manufacturing and retail companies, also found that over [...]
A new ICC Commission on Customs and Trade Facilitation held its first meeting in Paris this week, establishing an agenda to expand the trade facilitation work undertaken by the former ICC Committee on Customs and Trade Regulations to include international multi-modal transport and logistics issues. Providing a global, cross-sector business forum, the consolidated commission seeks [...]
On a smarter planet, leading companies know the true costs of global business. Global sourcing can lower costs and boost profits. But procuring goods and services from around the world comes with its own set of risks. How do smarter organizations find success in a recovering global economy? By being flexible and adaptable with the [...]
Supply management organizations are moving from a low-cost-country strategy to a best sourcing plan that focuses on value, total cost of ownership and a changing world. Years ago, supply management professionals turned to low-cost countries to manufacture products, establish services operations and source materials in an effort to improve the bottom line for their companies. [...]
New Study from The Hackett Group: Manufacturers Abandoning Outsourcing To Drive Down Costs, Shifting Focus to Internal Operations, Supply Chains US manufacturers are targeting an aggressive 1.5 percent reduction in cost of goods sold (COGS) for 2013 in an effort to drive margin growth, according to a new study from The Hackett Group, Inc. With [...]
On Tuesday April 16, 2013, U.S. Customs and Border Protection will host a webinar twice on CBP’s National Customs Automation Program Test concerning “Manifesting and Entry of Residue found in Instruments of International Traffic (IITs).” The one-hour webinars are primarily geared towards those companies that may be eligible to participate on the test. This is [...]
Business as usual is no longer good enough to stay competitive. Today’s procurement organizations must deliver value immediately, offset risk and develop game changing strategies on their journey to procurement excellence. By buying smarter, today’s leading CPOs are delivering sustainable savings of up to 8% of revenue. Download the white paper Journey to Procurement Excellence [...]
Have you heard about CBP’s Residue Pilot and wondered what it means to your operations? Integration Point is hosting a one-hour, free webcast featuring three speakers from Customs and Border Protection to share information on this pilot program. The panelists will provide an overview of the key points of the U.S. Customs and Border Protection [...]
Supply chain managers monitor shipments around the globe, which brings added complexity of moving goods across international borders. Yet many companies today are still managing this process manually. Amber Road’s eBook, “Three Common Global Supply Chain Issues that Affect Your Bottom Line,” can help you highlight ways you may be losing money without an automated [...]
Freight claims are the proverbial elephant in the room that nobody wants to discuss or have happen to them. They are a cost to all parties involved due to the damaged product itself, and the time lost from all the steps that go into filing, following up and settling. Learning objectives: • Increase your settlement [...]
Senators Ron Wyden (D-Or.) and John Thune (R – S.D.) recently introduced the Low Value Shipment Regulatory Modernization Act of 2013, which would raise the de minimis value from $200 to $800. The de minimis is the threshold at which shipments coming into the United States are exempt from tariffs, taxes or customs procedures. “If [...]
The U.S. Department of Homeland Security has unveiled a proposal to establish a new Customs-Trade Partnership Against Terrorism system of records, known as the DHS/CBP-018 C-TPAT System of Records. This new system of records collects and manages information, including personally identifiable information, about prospective, ineligible, current or former trade partners in C-TPAT and other entities [...]
The National Strategy for Global Supply Chain Security, released in January 2012, established the U.S. Government’s policy to strengthen the global supply chain to protect the interests of the American people and enhance the Nation’s economic prosperity. The Administration, in coordination with private sector stakeholders and foreign government partners, made significant progress in implementing the [...]
In preparation for operating under sequestration, CBP has redirected resources toward only the most critical, core functions and has discontinued or postponed certain important but less critical activities in an effort to reduce budget expenditures. The mandated across-the-board spending cuts took effect on March 1, 2013. The cuts tied to the sequestration will be made [...]
Do you have what it takes to act on new possibilities in evolving your supply chain forward? It is a brave new world in supply chain management (SCM). Traditional definitions and processes are now viewed in a new light. For example, storage and delivery networks—historically (and often times erroneously) viewed as cost centers—are now viewed [...]
Supply-chain disruptions cut about 7 percent of a firm’s shareholder value, according to research by Accenture cited in a recent World Economic Forum (WEF) report on supply-chain resiliency. As a “result of information dissipation, communication and speculations,” shareholder value typically starts slipping about 10 days before the date the disruption is actually announced, according to [...]
Earlier this year, the National Industrial Transportation League (NITL) cited customs and international trade law firm Sandler/Travis’s reporting in its Daily Report that “CBP is expected to issue by the end of May a proposed rule that would make various changes to increase the accuracy and reliability of the advance information submitted under the importer [...]
