Global Knowledge®

A new white paper released today by Amber Road found that mid-market companies are increasingly at risk for violating U.S. export regulations. This is especially concerning because U.S. export volumes are on the rise. According to a recent U.S. Bureau of Economic Analysis report, U.S. exports grew 7.7% from January 2011 to January 2012.

Amber Road surveyed 150 mid-market companies about their export compliance processes. They found that 23% do not screen for restricted parties prior to engaging with trading partners and customers, and only 41% have a comprehensive export compliance program in place. Not surprisingly, survey respondents pointed to a lack of executive sponsorship as a primary reason for their companies’ trade compliance deficiencies.

To learn more, read the full press release, or download a copy of the white paper.

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Join Amber Road and American Shipper on Wednesday, March 28^th at 2:00pm EDT, for a complimentary webinar: Export Reform Update – Focusing on the Four Singles.
 
The Obama administration’s initiative to reform export regulations is in progress and the effort is now centered on four key areas – known as the “four singles.”  This complimentary webinar will provide exporters with an update on the state of export reform and help them prepare for upcoming changes.  Key topics will include:

• A review of the “four singles”: Controlled items list, Licensing agency, Modern IT system, Enforcement agency
• What impacts these changes will have on exports
• What exporters should be doing now to prepare
• What role GTM technology will play

Webinar Panelists:

• Eric Hirschhorn, Under Secretary of the U.S. Commerce Department’s Bureau of Industry and Security
• Anthony Hardenburgh, VP of Global Trade Content, Amber Road
• Lindsay Meyer, Co-Managing Partner, Venable LLP
• Beth Peterson, President of BPE Global

Learn what your organization should be doing to focus on the “four singles.”  Register today!
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The US-South Korea Free Trade Agreement will go into full effect tomorrow, March 15, 2012.  With this FTA, roughly 80% of US exports of industrial products to South Korea will be duty free, while two-thirds of US exports of agricultural products will also become duty-free.

The International Trade Commission estimates that the reduction of South Korean tariff and non-tariff quotas on goods alone will add between $10 and $12 billion to the annual US GDP, and around $10 billion to annual merchandise exports to South Korea.  According to Ron Kirk, Ambassador of the U.S. Trade Representative, once the agreement goes into effect, it will open up South Korea’s $1 trillion economy and strengthen our economy’s partnership with a key Asia Pacific Ally.  To read more about the new free trade agreement, click here.

Is your company prepared to take advantage of this duty-saving opportunity?

The most common reason companies do not take advantage of FTAs is the administrative burden of identifying applicable FTAs and qualifying products. With over 100 FTAs in place around the world, manually administering trade agreements is understandably difficult. Global Trade Management solutions, however, can help you manage the solicitation and qualification process with your suppliers.

To find out how your company can automate this complex process and take advantage of the US-South Korea Free Trade Agreement, check out Amber Road’s Trade Agreement Management solution.

Join Amber Road on Wednesday, February 22^nd at 2:00pm EST, for a complimentary webinar showcasing TradeWizards.com, a new cloud-based portal that enables companies to classify products, calculate duties and taxes, and screen for restricted parties…for FREE!

During the “TradeWizards.com: Answers to Your Tough Trade Questions” webinar, industry experts will review the challenges companies are facing when it comes to importing and exporting, and show you how TradeWizards.com can help combat those challenges.

Speakers will include:
Scott Byrnes, Vice President of Marketing, Amber Road
Steve Keighley, Solutions Consultant, Amber Road

Join us to learn how TradeWizards.com can help you tackle your compliance challenges.  Register today!
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Amber Road, a leading provider of Global Trade Management solutions, announces the launch of its latest trade compliance product, TradeWizards.com, a free cloud based portal for global trade.  TradeWizards.com is a suite of nine different research tools that helps organizations quickly answer questions related to the cost and compliance risks associated with importing and exporting goods.

TradeWizards.com will enable users to instantly perform numerous global trade activities including: restricted party screening, product classification, and landed cost calculations..  What used to require hours of manual interpretation of trade rules is now an automated process achieved instantly via TradeWizards.com.

Find out how you can streamline the trade compliance process at your company. Watch the TradeWizards.com tutorial.

To read the full press release, please click here.

Join World Trade 100 and Amber Road (formerly Management Dynamics, Inc.) on Thursday December 15th at 2 PM EST for a complimentary webinar, Global Trade Compliance in the Oil & Gas Industry: A Case Study with Weatherford.

Global trade experts will explain the importance of automating trade compliance processes and the difficulties oil and gas companies face, as well as present recent developments in the industry. By attending this webinar, you will walk away with:

• A better understanding of the export compliance challenges oil and gas companies are facing
• Various strategic considerations to think about when implementing an automated trade compliance solution
• Best practices you can use to improve your company’s export compliance processes

Speakers will include:
Scott Byrnes, Vice President of Marketing, Amber Road (formerly Management Dynamics, Inc.)
Natalia Shehadeh, Director of Trade Compliance, Weatherford
Scott Johnston, Attorney, Specializing in U.S. Import/Export Law, Givens & Johnston, PLLC

Join us and find out how you can automate your trade compliance process!

New Name Marks Continued Growth and Evolution for Global Trade Management Leader

Management Dynamics, a leading provider of Global Trade Management solutions, today announced that it has changed its name to Amber Road.  The name change comes during a year of rapid expansion, marked by a 40% growth in employees, a 325% increase in European bookings, and the opening of a flagship office in Tysons Corner, Virginia.  This breakout year is anchored by a 33% compound annual growth rate (CAGR) in overall revenue for the past decade.

“Today, our SaaS-based solutions span fourteen software products that include global transportation management, import/export compliance, supplier management, supply chain visibility and a content knowledgebase covering trade regulations and tariffs for more than 120 countries, “  said Jim Preuninger, CEO.

To learn more, please read the full press release or visit www.AmberRoad.com.
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Part Three: Shipment Screening & Documentation

Join Customs & Trade Solutions, Inc. and Management Dynamics for a complimentary three-part Export Compliance Webinar Series, which will address the three key steps of any Export Compliance Program (ECP): Restricted Party Screening, Product Classification, and Shipment Screening and Documentation.

The third and final webinar in this series will be held on Friday, November 18^th at 2:00pm EST and will review Shipment Screening and Documentation, the final step in building an export compliance program.

During this webinar, we will discuss key best practices related to automating your export compliance process, including:

• The importance of transactional screening and why it is a necessary requirement in any compliance program
• How managing product compliance details can help validate the data used on export documentation and reduce delays at the border
• How to leverage the data from the export order to automatically determine and create key export documents, and file directly with AES

Speakers will include:
Suzanne Richer, President, Customs & Trade Solutions, Inc.
Sanjeev Williams, Product Manager, Management Dynamics

Join us to learn how you can take the next step in establishing an Export Compliance Program!
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The World Customs Organization (WCO) will soon make significant changes to the Harmonized System (HS).  This could have a major impact on your company’s global trade process and international supply chain.  Find out how you can tackle these issues by listening to Management Dynamics’ latest podcast, Compliance 101: Research Tools for Getting Started in Trade Compliance.

Presented by the Journal of Commerce, global trade compliance experts discuss the technology available to help companies of all sizes with managing classification and other critical compliance processes. Anthony Hardenburgh, VP Global Trade Content at Management Dynamics, and Ty Bordner, VP of Solutions Consulting at Management Dynamics, also provide details on the launch of a free trade tool that will soon be available to the trade community.

Click here to listen to the podcast.
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