Forced labor and modern slavery pose daunting challenges within supply chains, threatening ethical sourcing and sustainability efforts. A recent survey conducted by Gartner sheds light on the difficulties that procurement executives face in effectively addressing these risks. In this blog post, we will delve into the findings from the survey and outline crucial steps for…
Are you a beginner at Importing Goods? Check out these 5 tips below: 1. Research the laws, trade barriers, and tariffs Basically, you want to make sure what you’re doing is legal before you try to import goods into the US and, potentially, run into trouble. The US might be known as a trade-friendly nation,…
Why Exporting your product is a good idea Expanding your bottom line and selling to customers abroad is likely part of your business strategy or on your roadmap. It is no wonder why, according to a study by the Institute for International Economics, U.S. companies that export not only grow faster, but are nearly 8.5…
The US is in a full-blown “trade war” with China. The possibility of tariffs on goods from Mexico, combined with other trade actions by the Trump administration, could send the entire US economy off the rails. The Federal Reserve is already looking at ways to prevent this disaster in the making. History teaches that global…
There are all kinds of annual awards: Razzies for bad films, Golden Mullets for the worst video game and the Turnip Prize for lousy art. That got me to thinking. Maybe another one’s in order, to celebrate the most embarrassing export control penalty of the year. Let’s call it the Dummies. My nomination will be hard…
