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Importer of Record IOR Services for Philippines
The difficulty in importing goods into the Philippines is the same as for any other Southeast Asian country. Many first-time vendors who have to import anything into the Philippines don’t know about the innumerable rules and regulations they have to take care of. In...
All You Need to Know About IOR Importer Of Record
Importer Of Record In the formative days of goods shipping, people would make deals with each other depending on their goodwill and franchise. However, shipping operations have changed a lot. Now, individuals no longer steer the ship both figuratively and literally....
Difference Between Importer of Record and Consignee
Understanding the complex and layered customs requirements can be challenging. If international shipping is part of your business, understanding the roles that various entities play in completing import-export transactions, particularly the role of the importer of...
Why Harmonized Tariff Schedule is Important?
The Harmonized Tariff Schedule (HTS) came into play on January 1, 1989, thanks to Congress, to streamline the way tariffs were handled. The World Customs Organization (WCO) took charge of putting it into action. Using the Harmonized Commodity Description and Coding...
What is Trade Compliance ?
Trade Compliance Definition Trade compliance is an umbrella term that encompasses the conditions for all manner of trade between multiple countries. These conditions include training, classification, lending, determination of trade risk, and all relevant taxes and...
What Are Export Control Solutions: Bans, Tariffs, and More?
The Export Control Solutions Moving into international exports can be a tough task for any small to medium-sized business. Most governments implement policies that impose strict restrictions on overseas goods, which can make trade prohibitively expensive or even...
Keys to Effective Collaboration with 3PL Providers
It’s no secret that rising transportation costs are one of the greatest supply chain risks faced by exporting firms. A 2016, Third-Party Logistics Study found that 70% of all shippers attribute successful collaboration with their 3PL providers as a main driver in...
Transport Management Systems: Domestic and Global Solutions
What are Transport Management Systems? Transport Management Systems (TMS) are software that links a company’s Order Management System (OMS) with its Distribution Center (DC). A TMS becomes a central hub of communication for the transport aspect of an organization’s...
How to Make Your Region a Logistics Hotspot
How can a region transform into a hotspot for logistics? Southern Arizona serves as an excellent example of such a scenario. As a result of its transformation over the last ten years, the region contributes $18.7 billion to the economy. The area has been revitalized,...
How IoT Can Boost Transportation Productivity?
Internet Of Things IOT and Transportation Methods of conducting business have evolved rapidly within the last two decades. Advancements in technology have revolutionized all the various aspects of conducting business. Production and subsequent transportation, the key...
The Secrets to a Successful Global Trade Management Program
What is Global Trade Management? Global Trade Management (GTM) optimizes the entire lifecycle of global trade, from order placement to logistics and final settlement. This is done to increase the efficiency of operations and subsequent cash flows. Companies that...
ERP vs SCM Best For Global Supply Chain Management
A comparison of ERP and SCM systems for Global Supply Chain Management. Ever since their inception, ERP systems have proven to be indispensable in the fields of accounting, corporate governance, human resources and finance
Understanding the Language of Incoterms
Understanding Incoterms or International Commercial Terms is crucial to understanding the mechanics of international trade. Incoterms are essentially: The terms of the transaction that an international buyer and seller, have mutually agreed upon. After an...
4 Methods for Securing Payment on International Exports
International Exports Operating in a global marketplace puts you in competition with multinationals and local firms. To attract international customers, ensure your offerings are high-quality, diverse, and available at competitive rates with a simple purchasing...
4 Core Risks in the Global Supply Chain
As technology and business advance, customers and suppliers are accessing foreign markets previously out of reach. Companies now face global competition and unexpected disruptions that didn't concern a decade ago. The supply chain, often overlooked, is highly...
4 steps to boost productivity and efficiency in warehouse operations
Warehouse management is one of the most critical functions in any inventory-heavy industry. From planning for labor and equipment, to scheduling incoming and outgoing shipments, to, arranging and tracking the goods received; managing the complex processes of a...