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
As industries evolve and global markets expand, ethical considerations have become central to supply chain compliance. Balancing Cost-Efficiency with Ethical Sourcing and Compliance Cost-efficiency remains a primary driver for supply chain strategies, but it must be balanced with ethical sourcing practices.
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.
Global Trade Compliance ( GTC ) solutions automate and streamline processes related to customs and regulatory compliance. These solutions also enable companies to make optimal decisions with respect to the impact of customs and compliance on business operations. HS codes are non-intuitive.
I’m kicking off some research and writing on global trade compliance. Wood believes there is a significant trend that is occurring with respect to the trade compliance department in companies. Five years ago, or so, trade compliance would often report up to the chief legal officer. Both are leaders in this market.
Slow-moving compliance reviews. Longer sales cycles. Larger buying committees. Every go-to-market team knows the frustrations that come from a drawn-out sales process. How can you speed it up? By building a modern GTM motion that uses data, automation, and proven best practices to unlock insights, engage customers, and win faster.
DPPs provide a streamlined, digital way to document a product’s lifecycle, making it easier to ensure compliance and improve transparency. Let’s explore how DPPs are impacting regulatory compliance, preparing for future rules, and encouraging industry collaboration.
For a company relying heavily on Contract Manufacturing Organizations (CMOs) and operating across a global, multi-partner network, these improvements translate directly into faster product launches, improved compliance, and greater responsiveness to market demand. However, technology was only part of the story.
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. At SAP their solution is developed by their governance risk and compliance team.
Trade Compliance also Applies to Shipments within a Nation’s Borders. I recently completed a study of the Global Trade Compliance software market. I managed to speak to two executives a multinational global conglomerate about their approach to trade compliance. Trade compliance is core to brand protection.
And yet Jerry Peck, the vice president of product strategy for global trade and transportation execution at QAD, made the point that when global companies think about digital supply chains, global trade compliance is often not part of their thinking. Global trade compliance really needs to be part of companies strategic sourcing programs.
For example, current costs for private space launches range from $2,600 to over $10,000 per kilogram, depending on the mission, which poses a barrier for smaller companies. This fragmented regulatory landscape complicates planning and increases compliance costs.
Service sectors like commercial cleaning, physical security, pest control, lawn care and landscaping operate at the intersection of labor, compliance and financial policymaking them especially sensitive to shifts in federal priorities. Similarly, service workers who receive tips will keep this income tax-free.
For example, the global logistics automation market is expected to grow from $50 billion in 2023 to $120 billion by 2030, according to Allied Market Research. Regulatory and Compliance Complexities With the growing emphasis on sustainability and fair competition, regulatory scrutiny of M&A transactions is on the rise.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
The integration of AI with blockchain technology brings a new level of security and transparency, as AI can analyze blockchain data for anomalies, ensuring compliance and preventing fraud.
For example, a mid-sized e-commerce company that partnered with a 3PL was able to reduce its shipping costs by 25% thanks to the provider’s bulk shipping agreements. For instance, a notable example is a retail chain that adopted a 3PL’s advanced tracking technology.
Patagonia serves as an excellent example of this approach, incorporating recycled materials into its products and offering repair services to minimize waste while maintaining a strong brand commitment to sustainability.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
FSMA applies to: Food transported in bulk, where the food touches the walls of the vehicle (Example: juices). Packaged foods not fully enclosed by a container (Example: fresh produce). Food that require temperature control for safety (Example: beef). Real time monitoring and alerts for non-compliance. Risk management.
Lets break it down with some examples that hit home: Supplier Diversification : Reflecting on the disruptions caused by the pandemic, companies heavily reliant on Chinese suppliers faced significant challenges. For example, U.S.-based Its not about locking in decade-long deals or crossing your fingers that suppliers stay stable.
By implementing blockchain, businesses can improve accountability, verify the origins of materials, and automate supplier compliance through smart contracts. For example, Maersk uses a digital twin a virtual replica of its terminals to simulate different scenarios and make data-driven decisions that improve efficiency and reduce risk.
For example, changing the way a department works with an ERP system will involve the process and people dimensions, whereas creating new reports will only be the system dimension. The systems that automate and integrate individual steps and data in the process. The people who do the work and how they are functionally organized.
GTC Software is not just about Compliance. MIC is an experienced provider of global trade compliance software solutions. In ARC’s recent study of this software market, MIC was the largest provider of Global Trade Compliance (GTC) software solutions to the automotive industry. Perhaps all the cars are Ford Mustangs, for example.
For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. This ensures quality and compliance with regulatory requirements.
As compliance costs rise, freight rates are expected to adjust accordingly. For example, the UK’s second-largest ports group has warned about ‘regulatory drag’ on new green infrastructure projects, highlighting the challenges in upgrading facilities to meet modern demands.
Top Challenges Faced by Companies: Customer Preferences: Example: An online fashion retailer faces the challenge of constantly changing customer preferences. Supply side shifts: Example: A global coffee manufacturer experiences disruptions due to a natural disaster affecting one of its key suppliers in Brazil due to dry weather.
Robinson are great examples of major 3PLs that have transformed the industry. Examples of the Biggest 3PL Companies Which third party logistics providers are out there that you may have already heard of? Think of a 3PL as your logistics department without actually having to build one from scratch.
Specifically, more retailers are now developing and deploying vendor compliance programs for their suppliers to manage the business on pre-determined conditions. Apparently, retail compliance programs will soon be used by even small retailers, so it’s crucial to understand the goal of supplier management and how it works.
For example, logistics companies are to employ Level 2 and 3 autonomous vehicles that assist drivers by adjusting speed and steering based on road conditions. For example, logistics companies operating older fleets are faced with upgrading their vehicles to meet the requirements of SAE J3016 standards for automation.
Queries regarding their defense strategies against data breaches, the encryption protocols employed for safeguarding data during transmission, for example, and adherence to privacy regulations like HIPAA, GDPR, or CCPA are non-negotiable. Fouad Khalil is the Senior Director, Enterprise Security, Risk and Compliance at Locus Robotics.
In June, for example, Roche was granted EUA for its cobas® SARS-CoV-2 Nucleic acid test for use on the cobas® Liat® System, which can identify an infection within 20 minutes. In 2021 it leased space at the Chicago-Rockford International Airport, for example, and has used this alternate to Chicago-O’Hare as its midwestern US hub.
For example, if milk wasn’t FDA-certified you wouldn’t have verification that the cows producing it are healthy. For example, Coffee, Food for Animal Consumption, and Cosmetics are all different category types. Exaggeration? Definitely not. Basically, you always need to tell the FDA if a new relevant product is joining the party.
Such technology, for example, can help organizations identify the fastest, cheapest, and most sustainable shipping routes. Using an ERP system manufacturers can make their supply chains more efficient for example tracing every product from raw material to finished product to ensure it’s sustainable while reducing waste.
During the war there was huge growth and turnover within the industrial base as production shifted from civilian products (locomotives, for example) to wartime production (tanks). But to me , this is the very definition of compliance. Background TWI stands for Training Within Industry, a program developed during WWII by the U.S.
What Celanese has accomplished is the single best example ARC is aware of employing agentic AI and copilots at scale. We spent hours and hours looking for data, whether it was for audits, compliance, or just basic troubleshooting. He did give one example, their ability to do effective preventative maintenance did increase by 15%.
Walmart’s On-Time In-Full initiative is a compliance measure designed to ensure that freight arrives at a Walmart store or distribution center when it was supposed to, in the quantities expected. If a company short ships TVs, they are fined more than if they short ship soup, for example.
This is another example of the ongoing digitization of supply chains. Proactive grocery supply chains are using emerging technologies such as world-class trackers and software to gain a deeper level of visibility into cold chain shipping and food logistics in general.
Blockchain in the supply chain can be used to create a distributed ledger to all parties, enhancing visibility and compliance. For example, consider the following benefits of blockchain in the supply chain : Traceability allows for the corruption-proof means of tracking goods, raw materials or shipments in real-time.
For example, the manufacturing of pharmaceuticals vs. processing liquid waste in the mining industry. In the pharmaceutical example, it is a batch process manufacturing where the products are made as specified groups. Compliance and traceability. Compliance. Types of process manufacturing. Supply chain.
A single, integrated system built for the specialized needs of the food and beverage industry enables manufacturers to effectively manage areas such as quality control , compliance, traceability, purchasing, inventory management , warehouse operations, sales and financials. For example, review the systems scalability.
That’s a massive problem for SMEs, for example, that last year might have been paying $4,000 to $5,000 (USD) to ship a 40-foot container from Asia to North America, and now face rates of $20,000 and above. Challenge #3: The Complexities of Compliance. Challenge #4: In-house Expertise Difficult to Acquire.
The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Table 1 describes a few examples of these types of risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.
Regulatory/Legal Compliance: Customs regulations, safety standards, and labour laws. Its worth remembering, for example, that secondary distribution tends to generate higher transportation costs than primary distribution. Market conditions: Data relating to market dynamics, demand shifts, and emerging markets.
Steve shared insights on the Centralized Examination Station (CES) operations, the challenges of managing CES, and the critical role they play in ensuring the safety and compliance of cargo entering and leaving the United States. For example, agriculture exams are highly seasonal. One notable example is our work with imported fruits.
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