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All You Need to Know About IOR Global Services

All You Need to Know About IOR Global Services

All You Need to Know About IOR Global Services (Importer of Record IOR Global Services) All You Need to Know About Importer of Record IOR Global Services, In the formative days of goods shipping, people would make deals with each depending on their own goodwill and...

Difference Between Importer of Record and Consignee

Difference Between Importer of Record and Consignee

It is definitely not easy to fully understand the complex and layered customs requirements and provisions. However, if you are shipping something in or out of the country, then you must be aware of some of the shipping types and the roles in which different entities...

What is the Harmonized Tariff Schedule and Why is It so Important

What is the Harmonized Tariff Schedule and Why is It so Important

The Harmonized Tariff Schedule (HTS) was developed by the Congress on January 1, 1989 for the purpose of replacing previous tariffs. The World Customs Organization (‘WCO’) was responsible for its subsequent implementation. The WCO uses the Harmonized Commodity...

Piecing Together the Trade Compliance Puzzle

Piecing Together the Trade Compliance Puzzle

Introduction to Trade Compliance 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...

Bans, Tariffs and other Export Control Solutions

Bans, Tariffs and other Export Control Solutions

Bans, Tariffs and other Export Control Solutions: Examining the Barriers of International Trade Moving into international exports can be a tough task for any small to medium size business. Most governments have policies in place that place strict restrictions on...

Keys to Effective Collaboration with 3PL Providers

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...

How to Make Your Region a Logistics Hotspot

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,...

The Secrets to a Successful Global Trade Management Program

The Secrets to a Successful Global Trade Management Program

What is Global Trade Management? Global Trade Management (‘GTM’) refers to the practice of optimizing the complete lifecycle of a global trade chain that encompasses the placement of the order, its logistics and its final settlement process. This is done to increase...

ERP vs SCM Best For Global Supply Chain Management

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 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

4 Methods for Securing Payment on International Exports

Operating in a global marketplace puts you in competition with multi-nationals and local firms. For international customers to have a real incentive to choose your business, they must be assured of the quality and variety of your offerings while being able to obtain...

4 Core Risks in the Global Supply Chain

4 Core Risks in the Global Supply Chain

As technology and business advance, growing ever closer together, customers and suppliers are gaining an unprecedented access to foreign markets they were never able to reach before. Companies are finding themselves competing, and managing activities on an...

4 Steps to Create a more Productive and Efficient Warehouse Operation

4 Steps to Create a more Productive and Efficient Warehouse Operation

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...

As E-Commerce Grows, Retailers Find Fulfillment Costs Rising

As E-Commerce Grows, Retailers Find Fulfillment Costs Rising

It’s no secret that online retail is growing rapidly, this year alone e-commerce businesses are expected to increase revenues by up to 12% achieving record high figures of $436 billion by year end. As more and more customers move online, everyone from bricks and...