Is Trade Compliance the Lone Ranger? There are companies, surely not yours, where various departments are viewed as spokes around the hub of the trade compliance department. Each department operates as if trade compliance is accomplished “out there somewhere” rather than taking an active part in making sure the company meets its import and/or export…
Never is your supply chain as important as when you no longer have access to it. Even the smallest business realizes the impact of losing just one step of the chain. One weakness in a link can often mean a breakdown of the entire chain. These disruptions and delays can have a massive impact, potentially…
If you are involved in export and import business, you might have come across the term CTPAT and wondered what it was all about. Here are questions and answers on different things you need to know about CTPAT.[/vc_column_text][vc_column_text] What is CTPAT, and why is it essential to international trade? What is CTPAT? CTPAT is an…
1. Define your goals The business sector uses the term logistics to describe the efficient flow and storage of goods from where they originate to where they’re consumed. The supply chain includes transportation, shipping, receiving, storage and management of all these areas. Some of the key goals for all businesses are increased efficiency, more sales,…
Coinciding with the upswing in the world economy two years ago, global seaborne trade is doing well, note analysts for the Geneva-based United Nations Conference on Trade and Development (UNCTAD). They also observe that containerized shipping expanded by 4% in 2018—the fastest growth in five years. “Global maritime commerce gathered momentum two years ago and raised…
Dive Brief: Amazon is reportedly ramping up its ocean freight services “quietly and below the radar,” as it aims to gain more control of its supply chain, USA Today reported. Since the beginning of last year, Amazon organized the shipment of more than 5,300 containers from China to the U.S. Amazon did not respond to Supply…
