According to Steve Banker, Service Director for Supply Chain Management at ARC, “As trade recovers, the GTM market will recover as well, although we don’t expect strong growth until 2011.  Our five-year forecast through 2014, however, reflects very robust growth.”

Despite the decrease in trade, the need to increase efficiency, prevent fines, and reduce delays, is more important than ever when companies are facing hard times. Global Trade Management automates these processes and can help companies import and export more efficiently – saving organizations money even though sales may be down.

The Global Trade Management Outlook report by ARC also describes the increased need to up-to-date global trade content. Many types of critical data change on a near-daily basis. Companies may be unknowingly using outdated data, and paying more than necessary when sending their goods across border, risking fines for violating new trade laws, or doing business with a denied person that was recently added to a restricted party list.

ARCs key trade content areas include:

• Global Product Classification
• Tax Classification
• Regulatory Controls
• Restricted Party Screening (RPS) Lists
• Documentation

One way to easily begin keeping track of changes to this trade content is by subscribing to the GTM Newsletter, which contains a summary of updates from all of the above topics within Management Dynamics’ Global Trade Content database.

ARC Advisory Group summarizes by noting:

In short, managing the flow of goods, information, and money across borders is a highly complex, regulated, and dynamic process — and becoming more so every day.  Companies can no longer rely on manual processes to manage their global trade operations. This is why the global trade management systems market will be one of the fastest growing segments of the enterprise software industry.

Read the complete article on SupplyChainBrain.com: “Global Trade Management Market Does Surprisingly Well Despite Decline in Global Trade.”

Global Trade Management Software & Trade Compliance

Learn more about Global Trade Management software in our newest white paper, “Building an Export Compliance Program.” This white paper discusses six critical components that are involved in the implementation of an export management program, and shows how automation can assist such exporters in supporting their overall objective: minimizing risk and streamlining the supply chain while keeping operational costs at bay.

Receive this complimentary white paper today!

What is Global Trade Management?

Global Trade Management is what we call the systems and processes to manage the transfer of goods across international borders. Companies who import and/or export many items need a way to ensure they are complying with local and international laws and regulations, and desire advanced visibility and performance metrics into their shipments. Global Trade Management solutions help businesses achieve these goals by electronically unifying, automating, and streamlining the process.

More information on the webinar, from American Shipper:

“This summer, AMR Research and American Shipper surveyed, retailers, manufacturers and third party logistics providers on their global trade management systems (GTM).

Our expert webinar panelists will discuss:

• Are users satisfied with their Global Trade Management?
• Will GTM spending change in 2010?
• What are the drivers and inhibitors of GTM adoption?
• Is there a role for GTM as a supply chain risk manager?
• Are users getting close to a true understanding of total landed costs?”

Register Online for the Webinar: Mitigating Risk through Global Trade Management.

More about Global Trade Management from Google.