Import Export Customs Compliance and Trade News

Trade and customs compliance and regulation news that affect import, export, transportation, logistics, and supply-chain industry and how you do business.
GTC Repost

World Cup Better Than Expected for Logistics

World Cup
Automotive Logistics | Vladislav Vorotnikov The FIFA World Cup 2018 has caused a temporary shortage of transport capacities in certain regions of Russia, with a local rise in tariffs and some delays at customs, according to Irina Novikova, the inland transport department director of Gefco. However, fears of Russia ceasing to import automotive components including spare parts from May 25 to July 25, due to severe security measures, have proved unfounded. Novikova said that restrictions...
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What Is LCL Shipping?

LCL FCL
By Rieva Lesonsky Importing products from China is a great way for a small business to diversify their product offerings, stay on top of trends and reduce costs. However, in order to maintain your profit margins, it’s important to understand and manage your shipping costs. Today’s shipping lesson: What is LCL shipping, and how can it benefit your business? LCL shipping vs. FCL shipping When goods are shipped by ocean freight, you have the choice...
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Remedy These 5 Bad Practices For Managing Global Freight

GLOBAL FREIGHT
By Phil Marlowe As supply chain professionals, we live in a world of unprecedented connectivity where partners collaborate seamlessly, in real time, to make faster, better decisions on production, inventory and shipping. And then there is global freight management. Here, clerks manually enter shipment data and that data gets shared – as emails, spreadsheets and shipping documents – among factories, freight forwarders and carriers. It’s an appallingly inefficient and manual process that can result in...
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Ten Supply-Chain Predictions for 2018

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By Global Trade A new report from the market research firm  IDC , “IDC FutureScape: Worldwide Supply Chain 2018 Predictions,”  posits that  digital transformation  (DX) is the key overriding theme in IDC’s worldwide supply chain top 10 predictions for 2018, including the impact for supply chain planning, supply chain execution/fulfillment, and procurement and supply chain security. While the predictions largely focus on the near term to midterm (2017–2020), the impact of many of these predictions...
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Your Transportation Management System Can Help Manage the Amazon Effect

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By 3Gtms Lots of supply chains are dealing with the  “Amazon effect,”  which has led consumers to demand lightning-fast (and free) delivery times, last-minute order changes, and 100 percent order accuracy. While initially seen as just a retail problem, these expectations have been extended to the B2B world as well. Managing the Amazon effect requires a host of solutions, but a  transportation management system (TMS)  is often overlooked. A TMS is critical for the execution...
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Patrick Burnson

Foreign Trade Zones: BIG Savings, LITTLE Hassle

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Logistics managers have long valued  Foreign Trade Zones (FTZ)  because they’re secure areas under  U.S. Customs and Border Protection (CBP)  supervi­sion generally considered outside CBP territory upon activation. Located in or near CBP ports of entry, they’re the United States’ version of what are known inter­nationally as free-trade zones. Currently, there are 276 authorized FTZ across the United States. These zones allow importers and exporters to reduce, eliminate or defer duty payments on manufactured or...
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