I just created this brief powerpoint to post onto my LinkedIn profile. Check it out for some good Global Trade Management and customs compliance facts! If you can’t view the presentation below, visit: Get to Know Management Dynamics
According to the World Trade Organization, China has overtaken Germany as the world’s largest exporter during the first half of 2009. China has been experiencing fast-paced growth the last several years but has previously not reached Germany’s levels. From January through June 2009, China’s total export volume amounted to $521.7 billion, slightly exceeding Germany’s exports, [...]
Bunzl Distribution announced recently that it has implemented a Global Trade Management platform from Management Dynamics to improves in-transit visibility and import compliance. With more than 90 warehouses throughout the U.S., Canada, Mexico and the Caribbean, Bunzl is a leading supplier of disposable paper and plastic packaging supplies to an array of businesses and industries. [...]
DHL has signed a joint settlement agreement with BIS and OFAC to the tune of a cool $9.44 million. BIS charged that DHL was aiding and abetting exports to sanctioned countries including Syria, Iran, and Sudan. OFAC charged that DHL violated OFAC regulations, mainly dealing with recordkeeping, for thousands of shipments to Iran and Sudan [...]
For anyone starting the process of automating your export compliance; or those of you wondering if there’s a ‘better way’ to manage your exports, watch this brief (and free) video: Introduction to Automating Export Compliance According to research by the AberdeenGroup, companies using an automated export compliance system are 1.5 times more likely to report [...]
If you don’t already, I highly recommend keeping an eye on the CBP News Releases page. About 90% of their news releases are about drug busts, but every once in a while there’s some good wacky Wednesday news. On July 29th, CBP Officers intercepted a shipment of counterfeit sunglasses, bearing logos resembling Coach, Chanel, and [...]
