Twitter Weekly Updates for 2010-05-28
- Trade Agreements Blog: Take the NAFTA Be… http://www.tradeagreements.info/trade-agreements/take-the-nafta-benchmarking-survey #trade #
- Trade Agreements: Take the NAFTA Benchmarking Survey – Please participate in a survey on how companies manage NAFTA… http://ow.ly/17scH9 #
- Trade Compliance Blog: NAFTA Benchmarking Survey http://bit.ly/9r3hVn #customs #trade #compliance #
- Trade Compliance: NAFTA Benchmarking Survey – Please participate in a survey on how companies manage NAFTA qualific… http://ow.ly/17tQT1 #
- RT @JeffAshcroft RT @SCBrain Global Shipping Weathers the Recession; slumping economy both blessing and curse http://bit.ly/b7y2fA ^LM #
- Trade Compliance Blog: NAFTA Benchmarking Survey http://bit.ly/9r3hVn #customs #trade #compliance #in ^LM #
- RT @SupplyChainSher: Improving your #supplychain can be tough in a bad economy. http://ow.ly/1PzcX RT @LogisticsMatter RT @jimtompkins: ^LM #
- RT @3PLNews: Zepol Releases “Intellectual Property for Importers and Exporters Handbook” http://is.gd/cnqoa ^LM #
- RT @DCVelocity: Thinking about relocating offshore operations to Mexico? You need to look at are the challenges. http://bit.ly/93E7go ^LM #
- In conjunction w/ @refsmith we're conducting a #NAFTA Best Practices survey http://bit.ly/bX3436 White paper to follow at #AAEI show #in ^LM #
- I just became a member of the Twub for #icpa at http://twubs.com/icpa #
- LOL RT @ImportLawGuru: Why do people who clearly know nothing about NAFTA insist on acting like they are experts? ^LM #
- In conjunction w/ @refsmith we're conducting a #NAFTA Best Practices survey http://bit.ly/bX3436 White paper to follow at #AAEI show #in ^LM #
- RT @CyndeeLaw: Graphic animators aren't covered by #NAFTA bc the profession is new? Canada has large group of animators who help hollywood #
- RT @CyndeeLaw: Graphic animators aren't covered by #NAFTA bc the profession is new; Canada has large group of animators who help hollywood #
- Presumably with real bricks? RT @JOC_Updates: Lego Expands Distribution Site 50 Percent http://goo.gl/fb/DB0kN ^LM #
- Trade Agreements Blog: Boeing Urges Progress T… http://bit.ly/bucLVV #
- Trade Agreements: Boeing Urges Progress Towards Trade Agreements http://ow.ly/17wxM2 #
- RT @WorldTradeLaw: Trade powers to push for Doha deal to boost economy | Reuters http://bit.ly/b2gYlF ^LM #
- Trade Agreements Blog: Reminder: NAFTA… http://www.tradeagreements.info/nafta/reminder-nafta-survey #tradeagreements #trade #freetrade #in #
- Trade Agreements Blog: Reminder: NAFTA… http://bit.ly/adyoXZ #tradeagreements #trade #freetrade #in #
- Download the free Export Compliance Management Benchmark for 23 pages of Global Trade Management best practices: http://ow.ly/1RaWE ^LM #
- Trade Agreements: Reminder: NAFTA Survey – Just a reminder: Please help us out by taking the NAFTA Survey! http://w... http://ow.ly/17x5tp #
- Trade Compliance Blog: GAO: Give FDA More Authority Over Imported Food http://bit.ly/ct71hU #customs #trade #compliance #
- Trade Compliance: GAO: Give FDA More Authority Over Imported Food http://ow.ly/17xhgW #
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Big Retailers, Wal-Mart and Tesco Go Above and Beyond For India
What are your corporate strategies during the recession and afterwards? According to ABC News, large retailers, such as Wal-Mart, Tesco and Carrefour, it is to merge into the Indian market…but for what price?
The poor infrastructure, vast regional differences and laws limiting foreign firms to cash-and-carry wholesale outlets and franchise tie-ups with local partners in the $450 billion retail market, it’s been a challenge all three large retailers have agreed to take. Since the recession has begun and Westerners are slow to pick-up their spending, these retailers believe it’s crucial to expand into the Indian marketplace.
“The supply chain is one of the big challenges,” Raj Jain, chief of Wal-Mart India. “We are willing to invest whatever it takes in the supply chain, the back-end. But that in itself won’t deliver all the efficiencies,” he said, arguing for fully opening up the sector.
Carrefour also struggles to maintain it’s supply chain.
“There are many, many layers, with commission agents, wholesale markets, distribution agents which increase time to market and costs,” said Yannick Douville, a Carrefour director.
Even the wealtiest of the world’s top retailer, India is a challenging market to step into because of things such as tiny farms and differential policies and taxes in every state.
ABC News gave a example of what the retailers are doing to ensure quality and accuracy in their supply chain and business plan. In the village of Haider Nagar in Punjab state, where Wal-Mart sources vegetables such as cauliflower and gourd, the retailer built toilets to prevent soil contamination, and teaches farmers about transplanting and nutrient management and the use of low-cost innovations to get a higher, better yield.
Recently, the government unveiled concessional duties and tax exemptions for refrigeration units and allowed external commercial borrowings for cold storage facilities.
But, is it enough to invest?
“Unless there is a big front-end no one’s going to invest billions of dollars in a cold chain or supply chain just to sell to some mom-and-pop stores,” said Technopak’s Singhal.
Twitter Weekly Updates for 2010-05-21
- In conjunction w/ @refsmith we're conducting a NAFTA Best Practices survey http://bit.ly/bX3436 White paper to follow at AAEI show. ^LM #
- We're also still conducting a survey on #Import Compliance: http://ow.ly/1N5YK Need feedback from #customs #compliance pros. Please RT! ^LM #
- Getting ready for our Direct #Import Webinar, next Tuesday 5/25 at 2pm EST. More info: http://ow.ly/1wE5q #supplychain @WrldTrade #
- Good advice for newbies RT @SaleHoo: Do you need a customs broker when importing? Read what #Alice has to say http://bit.ly/b6Fqjs *RM ^LM #
- In conjunction w/ @refsmith we're conducting a #NAFTA Best Practices survey http://bit.ly/bX3436 White paper to follow at #AAEI show. ^LM #
- RT @ChamberMag: Sound off on the stalled U.S. trade agenda on our Friday Forum http://bit.ly/9vBxH1. ^LM #
- great article RT @foodsafetynews #Importer Warned About Refused Shipments For Illegal Food Dyes http://bit.ly/9QaF7u #foodsafety #trade ^LM #
- RT @3PLNews: EU launches major new trade relationship with Latin America http://is.gd/chGw9 ^LM #
- RT @prnauto: #Ford Aims to Help Reduce the Carbon Footprint of Its Global #SupplyChain http://bit.ly/dj7oIx ^LM #
- RT @apparelfootwear: NCTO: CBP only has 6% of trained apparel/textile inspectors at the ports that receive apparel and textile imports ^LM #
- RT @chamberpost: Study: Opening Markets, Creating Jobs: Estimated U.S. Employment Effects of #Trade with FTA Partners http://bit.ly/brMxRc #
- #ff @IncMagazine @refsmith @Gtmnews @ACI_C5IntTrade @getglobaleyes @InsightSoftware @SupplyChainD @3PLNews @WrldTrade @logisticsMgmt #
- In conjunction w/ @refsmith we're conducting a #NAFTA Best Practices survey http://bit.ly/bX3436 White paper to follow at #AAEI show #in ^LM #
- RT @JOC_Updates: House Members Praise Customs Changes http://goo.gl/fb/Q1C9i ^LM #
Twitter Weekly Updates for 2010-05-14
- Still Conducting a survey on #Import Compliance: http://ow.ly/1JyEY Need feedback from #customs #compliance pros. Please RT! ^LM #
- New Management Dynamics, FTZ Corp. Partnership to Save Companies Millions. Read More: http://ow.ly/1KaFG #
- Trade Agreements Blog: Foreign Trade Zones: Management Dyn… http://bit.ly/anZUh3 #
- Trade Compliance: Foreign Trade Zones: Management Dynamics & FTZ Corporation Partner Up http://ow.ly/17lUbO #
- Trade Agreements: Foreign Trade Zones: Management Dynamics & FTZ Corporation Partner Up http://ow.ly/17lUbQ #
- RT @STRTRADE: Webinar: Telling On Yourself – The Benefits & Pitfalls of Self-Reporting Customs Errors May 18th http://lnkd.in/nexJQz ^LM #
- RT @ACI_C5IntTrade Effective #customs broker management, meeting AEO & simplifying process http://tinyurl.com/yzlharj #compliance #trade ^LM #
- Trade Agreements: International Compliance Professional Association Conference in Amsterdam http://ow.ly/17mGH0 #
- Trade Compliance: International Compliance Professional Association Conference in Amsterdam http://ow.ly/17mKUa #
New Management Dynamics, FTZ Corp. Partnership to Save Companies Millions
Management Dynamics and FTZ Corporation Announce Strategic Partnership
Alliance will Integrate and Expand the Use of Foreign Trade Zones in Global Trade Management
EAST RUTHERFORD, NJ, May 12, 2010 – Management Dynamics, a leading provider of Global Trade Management solutions, today announced a strategic partnership with FTZ Corporation, a leading provider of Foreign-Trade Zone consulting services and developer of the SmartZone Premier application. The partnership seeks to expand the use of foreign-trade zones integrated with core Global Trade Management (GTM) processes of import, export and trade agreement management.
Foreign-Trade Zones have been in use for nearly seventy six years with the passage of the Foreign-Trade Zones Act of 1934 to expedite and encourage foreign commerce. Foreign-Trade Zones are now a key component of U.S. trade policy and offer companies several opportunities to reduce costs with:
- Exemption of duty payment upon re-export of goods
- Relief from inverted tariffs where raw materials with high duty rates can be transformed to an end product with a low duty rate
- Use of consolidated weekly entries to reduce merchandise processing fees (MPFs)
- Deferral of duty on any inventory stored within an FTZ
For many companies these benefits can justify the investment in a Foreign-Trade Zone in the first year of operation.
“Foreign-trade zones are becoming an integral part of a company’s GTM strategy and their use is expanding given the strong value proposition and fast pay back,” said Craig Pool, President, FTZ Corporation. “Our customers are looking to integrate foreign-trade zones across their GTM processes and we look forward to working with Management Dynamics to deliver this solution.”
FTZ Corporation has extensive experience, having implemented over two hundred and fifty Foreign-Trade Zone projects. The company is also active in Washington D.C. with involvement in recent industry advancements including the passage of Weekly Entry legislation and opening up the benefits of Foreign-Trade Zones to new industries. FTZ Corporation offers a complete set of implementation services including the application to the FTZ Board and activation of the zone with Customs and Border Protection. Combined with the implementation of SmartZone Premier software, FTZ Corporation can cut the time to first benefit with a “turnkey” implementation.
“Implementing a foreign-trade zone program can generate millions in recurring savings and is a key initiative for companies as the global economy is rebuilding,” said Jim Preuninger, CEO, Management Dynamics. “FTZ Corporation has a tremendous track record of success in this industry and we look forward to working together to expand the GTM market.”
About FTZ Corporation
The Foreign-Trade Zone Corporation is the only nationally recognized consulting firm with a practice focused on Foreign Trade-Zone consulting. The firm provides a wide range of consulting work from Foreign-Trade Zones Board applications to activations with Customs and Border Protection, and administers nine foreign-trade zone projects. Its management of these projects is in keeping with the Foreign-Trade Zone Corporation’s philosophy that there is no substitute for hands-on-experience.
Twitter Weekly Updates for 2010-05-07
- RT @WTCDelaware: @kylevwilson National Export Initiative Update: International Trade Compliance http://bit.ly/bqRnvm ^LM #
- RT @NationalCorn: Corn Growers Need Free Trade Agreements http://bit.ly/cOU63s ^LM #
- RT @SupplyChainMgt: Manufacturing in U.S. Expands at Fastest Pace Since 2004 on Global Demand http://ow.ly/17fJE4 ^LM #
- RT @ExportGov: #ExportBasics Did you know that we have services to help you export? Learn more about them http://go.usa.gov/iy0 ^LM #
- Follow our company news on LinkedIn at http://ow.ly/1HPWB #
- Trade Compliance Blog: Survey: How Do You Manage Import Compliance? http://bit.ly/dpfJyw #customs #trade #compliance #
- Did you know we run 8 different blogs covering all topics in Global Trade Management? Check them all out at http://ow.ly/1HPYb ^LM #
- RT @Greenconomist: Wal-Mart and Patagonia: Changing the Global Supply Chain. Maybe… http://bit.ly/a7sVaQ ^LM #
- Conducting a survey on #Import Compliance: http://ow.ly/1IetM Need feedback from #customs #compliance pros. Please RT! ^LM #
- RT @JDASoftware Struggling with out-of-control freight costs? Best Practices to Reduce International Freight Costs http://jda.com/MD_Inc ^LM #
- RT @complianceweek Double-secret discount to Compliance Week 2010 for Twitter followers now available: Email mkelly@complianceweek.com ^LM #
- RT @cscmp: Help CSCMP spread the word about Annual Global Conference
http://bit.ly/bDjNvX ^LM #