Remove Examples Remove Global Remove Sourcing
article thumbnail

Global Trade Compliance (GTC): A Beginner’s Guide

Logistics Viewpoints

Global Trade Compliance ( GTC ) solutions automate and streamline processes related to customs and regulatory compliance. Key drivers for this market are the sheer complexity associated with complying with global trade regulations and a desire to source and export in a manner that lowers tariffs. HS codes are non-intuitive.

Global 229
article thumbnail

Report- Hewlett Packard Modifying Global Sourcing Strategy

Supply Chain Matters

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Global Trade Compliance Market is Crazy!

Logistics Viewpoints

The global trade compliance market is one crazy market. The market grew by double digits year over year, yet there is no standard user and consequently there is no common understanding of what the end-to-end global trade compliance process should be. The large fines above are examples of this class of penalties.

Global 178
article thumbnail

What is Responsible Sourcing?

ivalua

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. Responsible sourcing requires a shift in thinking and priorities. There is a growing trend among consumers for responsible sourcing or ethical sourcing.

article thumbnail

What’s going on with global supply chains: A primer for the casual consumer

Freightos

But back to those containers… The cost of global shipping rises. Enter, a global container shortage. Logistics is global. For example, with the current steel shortage , factories aren’t able to produce as many cans as usual. The e-commerce impact (no free shipping for global freight). Credit: Lufthansa ).

Global 411
article thumbnail

Creating a Global Trade Compliance Program

QAD

Global enterprises still rely on spreadsheets and manual processes to manage their global trade and supply chain operations. Globalization, international business and the trend towards world markets introduces complexity for business. Let’s look at how companies can meet the demands of global trade compliance and avoid missteps.

Global 98
article thumbnail

Virtual Twins, Global Operations and Sustainability

DELMIA Quintiq

My last year there was as Global Chief Information Officer—I was responsible for enabling the operations of the 50,000-student organization via digital technology. As an example, here is one use case that links these two worlds : Use Case: Optimization of material flows and waste valorization. Source : Designing Disruption.