This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Global Trade Compliance Is Not Showing Signs of Slowing Down Any Time Soon The Global Trade Compliance market is experiencing steady growth and is expected to continue this trend over the next five years. I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here.
While past efforts focused on meeting compliance requirements, organizations are now working to proactively embed environmental, social, and governance (ESG) principles into their sourcing, production, and distribution activities. Without common definitions, ESG assessments can be inconsistent or incomplete.
The FLR adopts the International Labor Organizations definition of forced labor and mandates the European Commission to issue guidelines by June 2026 to aid compliance. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
Smart factories use IoT-enabled technologies like sensors and smart machines to generate data, often in real-time, to improve information about production processes and help decision-making. Together MOM and MES provide the intelligent systems to collect, deliver and analyze production data to empower industry strategy and smart factories.
Combine this with the fascination in industry for “big data” and you have a recipe for a specialised, cloud-based archiving language. In its first industry buzzword guide, European Automation has explained ten popular cloud computing terms that are often referred to in technical documents without definition.
If you’ve been tasked with getting your company’s import compliance under control, these five steps will get you quickly up-to-speed. Ask all brokers for your company’s import data from the last three months and figure out how they are managing your business. Look for any exceptions in the data.
Industry experts believe that supply chains must continue to utilize Big data to improve efficiency, transparency and immediacy. . In 2012, the New York Times published an article entitled “The Age of Big Data”. Experts in the field of supply chain and logistics, consider data to be an asset in optimizing operations.
The increased digitalization of our lives has meant that now more than ever, personal data is being shared and transacted, often without people’s consent. Repeated instances of data breaches has prompted governments and organizations to implement robust cybersecurity solutions.
The old-fashioned way of ensuring compliance — with armies of individuals spread across functions and locations, who might never speak with one another — is clearly broken. Now add to the burden of compliance the huge costs associated with supply-chain disruptions, and long-lasting damage to brands. Perhaps A.I. One place where A.I.
As recently as 2021, survey data reveals that 98% of manufacturers have, are, or are planning to implement an eCommerce strategy. Unifying data across silos: Often, critical business information resides in separate, siloed databases, complicating the task of unifying data for online sales.
Reporting requires businesses to collect and track data on their ESG performance and report this information in a transparent and consistent manner. This involves implementing processes and systems for collecting and reporting on data, and some businesses may need to ensure that the information is verified by a third party.
This builds stronger relationships and boosts service and compliance levels. This was definitely a customer-driven request, and it’s something that we’re really excited about,” said Trucker Tools CEO Kary Jablonski. New modes and powerful data are the tip of the iceberg when it comes to possibilities.
Definition and Role of Drayage in the Logistics Industry Drayage is the specialized process of transporting goods over a short distance, typically as part of a longer logistics chain. Fleet management software has also transformed how carriers manage their assets, providing comprehensive data on vehicle performance and maintenance needs.
This example generates a huge amount of data that can leverage in the supply chain. But, the same data can have a drastic impact on transportations planners and agencies around the globe. The Standard Definition & Components of Automation: Today: There is a standard definition of automation in the supply chain.
If the attribution is not definitive, false tariff classifications can lead to excessive duties payments. TIP: Create a database within your customs software for all common items, with master data and the customs tariff numbers to be used respectively. Compliance. It is far better to get the classification right the first time.
The US quality guru Joseph Moses Juran (born 1904 in Romania ) divides the supplier quality assurance process into nine steps: definition of the product’s quality requirements, evaluation of alternative suppliers. The definition of this metric is similar to the way it sounds. Percentage of products in compliance.
This article has everything you need to know about forklift data plates, including: What a data plate is. How to read a forklift data plate. What Is a Forklift Data Plate? Where Is the Forklift Data Plate? Why Is the Data Plate Important? Can You Operate a Forklift Without a Data Plate? Quick Summary.
Today we pick up our series on all things Electronic Data Interchange or EDI by busting the common myths around implementing an EDI Integration program. The truth is, many myths have circulated throughout the business world, and electronic data interchange is the focus of quite a few of these myths. Myth: It’s Complicated.
Introduction to Fleet Management Fleet Management Definition Businesses across all sectors depend on commercial vehicles to transport people and products daily from cross-country delivery services to your neighborhood gas and oil provider. The software centralizes data, provides real-time information, and automates tasks.
Definitely a role that will transition well to a home based environment. Trade compliance: The Trade compliance team can work effectively from home. However, a trade compliance professional also spends a considerable amount of time doing documentary audits and attending meetings with external agencies.
The action: prioritize carriers within the routing guide based on which are preferred for shipments, depending on origin/destination data. For instance, it may be necessary to reroute the shipment, move it to another load or mode, dispatch a new driver or perform other necessary activities to ensure compliance with the routing guide.
What is artificial intelligence The definition of artificial intelligence(AI) is one that has evolved with the passage of time. As far as its definition in academic circles is concerned, opinions differ. For the purpose of this article, we will consider this lay man’s definition when talking about AI. What is supply chain?
ARC’s definition of TMS is freight centric. The company provides applications in areas such as transportation management, routing, mobile and telematics, customs and regulatory compliance, global trade content, and broker and forwarder enterprise systems serving over 20,000 customers in more than 160 countries.
ARC’s definition of TMS is freight centric. The company provides applications in areas such as transportation management, routing, mobile and telematics, customs and regulatory compliance, global trade content, and broker and forwarder enterprise systems serving over 20,000 customers in more than 160 countries.
This brings visibility to each step of the cycle, from design and sourcing to manufacturing and on through to compliance and shipment, all on one platform. The definition of end-to-end visibility has evolved over the past decade. It creates the proverbial ‘one version of the truth’ for you and your external partners.”.
Most compliance managers in supply chain functions would readily agree that they hold ethical practices in high regard and likewise hold a firm moral high ground when making decisions in the course of their work. Reviewing compliance practices: HS codes & FTA eligibility. Vendor selection: Fair and transparent selection process.
You do you and look at the data to determine what sending profile best fits your client base. Furthermore, if you’re sending emails to customers in Europe, the EU General Data Protection Regulation (GDPR) requires companies to keep data safe and give customers control over how it is used.
ARC’s definition of TMS is freight centric. The company provides applications in areas such as transportation management, routing, mobile and telematics, customs and regulatory compliance, global trade content, and broker and forwarder enterprise systems serving over 20,000 customers in more than 160 countries.
It’s important to remember that this is not just a compliance exercise, but a significant enhancement of operational capabilities, like shifting from standard definition to high-definition in terms of data quality and communication speed. Then, an evaluation of the alternative connectivity options is advised.
is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for healthcare facilities. Brian Rice, their chief information officer, stated in the annual report that “data is critical to everything we do as a company, and to our future growth.
However, technology provides a means for mass data capture of thousands of variables in real-time. KPIs and reports are also a measure of compliance and visibility in shipping processes. Ironically, these 10 elements are the definition of and instructions for gaining “Best in Class” shipper status.
TrakIt is an invaluable tool for our clients, giving them 24/7 access to their latest shipment data. That’s why we go beyond the basic definition of freight forwarding, encompassing Logistics at every level of your supply chain. We first developed our online tracking system, TrakIt , in the mid-1990s with this imperative in mind.
One such example is the concept of warehousing, which, despite having a shared fundamental definition of a place to store goods, takes on nuanced interpretations within different contexts. Digital warehousing involves the procurement, management, secure storage, and exploitation of individuals’ personal data.
E2open Announces Definitive Agreement to Acquire Zyme. As the compliance date for the Electronic Logging Devices (ELD) mandate approaches (December 18, 2017), there are two important questions to be answered: How will it impact capacity? Data and predictions have been all over the map. How will it impact productivity?
Increased use of ELDs will require transportation planners and supply chain entities work together to ensure compliance and bring information gathered together into one system. More Information poured into Big Data through the IoT will enhance traffic flows, patterns, translates into better maintenance of roads.
The module is based on a customised trained prediction model and is backed by data science and machine learning algorithms that incorporate bidding outcomes over time to increase accuracy. Freight Audit doesn’t require additional customer input as it uses existing platform data, such as rates and transport orders.
Take a moment to think about the definition of digital transformation in logistics. Part of that transformation means execution with real-time data and communicating any changes or needs in real-time. More excitingly, supply chains are only just beginning to implement the potential of real-time data.
To improve this connectivity, the use of radio frequency identification (RFID), automatic identification and data capture (AIDC) , and Internet of Things (IoT) come into play. By definition, competition encourages companies to try to do better than their competitors. Compliance. Competition. Consumer Demand. It would not exist.
Automated tracking and data capture of information, such as through stationary or wrist-mounted scanners and radio frequency identification ( RFID ) sensors, allows an organization to review and adjust warehouse processes. Alternatively, data migration from one system to the new system may be an option. Scalability. Annual Revenue.
As explained by Dan Goodwill via Canadian Shipper, the problem goes much further than that, including lacking compliance management, subpar, if any, use of transportation management systems (TMS, and failure to utilize granular shipment activity data. Fortunately, this solution exists within a modern TMS, the Cerasis Rater.
A data pool of thousands of FCL quotes created each month, makes for a generous sample. What’s more, without much real accountability so far, it seems likely that many of the weights may be estimates, rather than hard data. Reliable data flows may not be in place. ” READY FOR DIGITISED FREIGHT?
Outsourcing of Freight Data and Payment Management. Historically, the transportation management system of a given logistics provider has been the sole resource and method for data processing and managing the payment of all fees, duties, tariffs, and other charges for a shipment. Focus on Implementation of the FAST Act.
To find optimal, cost-effective options, you will need to gather and analyze real-time and historical data from your carriers, understand where and when carriers are late, understand which carriers perform best in what geographies, and watch how these behaviors affect your brand value. What are the critical trends emerging from the data?
EU Export controls are not new in the Customs compliance space, and were first entered into force in 1995 then redesigned in 2009. A few key definitions: Export: There must be a change in location of a product that involves move from within the EU to outside the EU. Nonetheless, the list in the Annex is regularly updated.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content