Many businesses struggle and miss opportunities because of inconsistent practices and procedures involved in managing their global footprint. But, 2016 could be a year of excellence, organization, and increased capabilities for your business- if you work to strengthen your trade compliance. According to a recent Aberdeen study on Global Trade Compliance Priorities, Best in Class…
The ability to import and export goods is how the marketplace originally became global. It is also the reason why many countries live far more comfortably, as well as far less isolated, than if there weren’t a global marketplace. It is the responsibility of a country’s legislature to regulate what comes into the country, as well…
[vc_row][vc_column][vc_column_text]If you are considering expanding your business model to include exporting products or services internationally, there are a multitude of major and minor issues to take into account. Not every company is ready to enter the field of international trade. Generally speaking, however, there are some commonalities among companies who prosper in the export field….
In the face of a rapidly expanding global marketplace, the business world is witnessing increased competition among nations for industry, jobs, and capital. Many American businesses are considering moving to a foreign facility so as to reduce costs; but is that the only option? While there are some benefits to outsourcing production such as low-wage labor, storage and shipping…
A long time ago in a galaxy far, far away… oh that familiar opening crawl that sends a certain chill through fans and makes your hair stand up on end with excitement when coupled with that strong anthem from John Williams. Well, it does for this fan anyway, but with the early numbers of pre-sales…
Many years ago, early in my career in customs and trade compliance software, I recall one of my very first implementations with a relatively small client in Mexico. I was implementing our Mexico trade compliance software, which managed all the importation and exportation documentation and inventory tracking for customs purposes. It was a routine implementation,…
“The difference between the almost right word and the right word is really a large matter: it’s the difference between the lightning bug and the lightning.” Mark Twain This is one of my favorite quotes from Mark Twain, especially because it relates to international trade. How? I’m glad you ask. In my experience as an…
Exporters are often asked by their customers to “drop-ship” products directly to an end-user in a third country. The expenses associated with reshipping, re-handling, and customs clearance in two customs regimes can be avoided along with the time associated with each of these activities. This is not a standard transaction as the seller does not…
For many companies, no matter when their Fiscal Year (FY) ends; the end of the calendar year represents an opportunity to reflect upon last year, complete year-end tasks and prepare for the year ahead. As such, unless your annual goals and objectives process takes place at a different time of year, January is typically the…
The U.S. Department of Commerce’s Export Administration Regulations (EAR)1 regulates both the export of physical commodities (think goods and equipment) as well as the transfer of software and intangible technical information associated with those products. The EAR imposes requirements for transferring export controlled “technology”2 outside of the U.S., as well to foreign nationals physically present…
This article was written by World Business Culture and first appeared on the “In This Section: Business Culture in Mexico.” Tip 1 – In Mexico, personal relationships are at the heart of most business dealings. Take the time to cultivate strong, long-term relationships. Tip 2 – Although the influence of foreign MNCs cannot be ignored, most indigenous Mexican companies…
1. Proactively Conduct Risk Assessments 2. Ensure Proper Classification of Goods, Software, and Technology 3. Fully Secure Access to Electronic Export Controlled Files 4. Leverage Creative Training Methods 5. Stay on Top of Constantly Evolving Regulations _______________________________________________ About the Author Dr. Jennifer Saak is a consultant based in Philadelphia whose practice focuses on export controls…
