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.

Sign up now on TradeWizards.com.

The 2012 U.S. HTS changes, which incorporate amendments to the Harmonized System adopted by the World Customs Organization, were initially expected to be effective on January 1, 2012. However, the proclamation that authorizes the changes has yet to be signed by the President, resulting in a delay.

Once the proclamation has been signed by the President, the 2012 HTS changes will become effective 30 days after the publication of the proclamation body in the Federal Register. It is expected that the effective date for the changes will be towards the end of January.

For more industry news, visit our Press Room

Proponents list a host of benefits from FTAs, including:

- Expanded access to markets for both goods and services

- Greater protection of intellectual property rights, and a

- Growth in jobs that would accompany the opening of new markets

Taking this into consideration, Management Dynamics offers a comprehensive Free Trade Agreement (FTA) management solution that provides solicitation and qualification in order to determine if a company’s product is eligible for preferential treatment. This can have a significant impact on the applicable duties for their products resulting in reduced total landed costs.

To learn more about the Free Trade Agreement Solution, read the full press release here.

The new set of best practices encourages exporters to maintain strong internal compliance strategies, conduct focused outreach, and continuously raise awareness of export control regulations and obligations.

The following is a summary of the best practices published by BIS:

 - Companies should pay attention to the Red Flag Indicators on the BIS website.

 - Companies should seek to utilize Trade Facilitators that administer sound export management and compliance practices.

 - Companies should “know” their foreign customers – by obtaining detailed information to measure the risk of diversion.

 - Companies should avoid routed transactions when exporting and facilitating the movement of dual-use items.

 - When the Destination Control Statement (DCS) is required, companies should provide the appropriate Export Control Classification Number (ECCN) and the final destination where the item(s) are intended to be used.

 - Companies should provide the ECCN or the EAR99 classification to freight forwards, and should report this information in AES.

 - Companies should use information technology to the maximum extent feasible to augment “know your customer” and other due-diligence measures.

For more detailed information, please read the full article.

During the one-hour webinar, key industry experts will discuss the market dynamics driving importers to consider this strategy, and Management Dynamics customer Leggett & Platt will share their success story. Other topics will include:

- The benefits of integrating logistics and compliance

- Challenges importers will have to overcome

- The key role technology play

- Actionable advice for importers exploring this idea

Register today!

Global trade transactions account for trillions upon trillions of dollars each year, and this number is expanding as we forge into the future. Additionally, it is becoming more complex to manage US and international regulations.

Yet, despite these factors, compliance departments remain woefully underfunded and understaffed. According to our export compliance research, 14.6% of compliance professionals believe that their company’s executive management is not aware of trade compliance.

How do you get executive level cooperation and sponsorship of your initiatives?

Join American Shipper and Management Dynamics for an upcoming educational webinar, “Bringing Compliance into the Boardroom.” This webinar, featuring a panel of global trade experts, will discuss how to get your voice heard when speaking to your c-level executives about enhancing your trade compliance operations.

In this trade compliance webinar, our expert panelists will discuss:

- Pain points of each member in the boardroom

- How these points relate to compliance issues

- Key messaging to use when speaking to each board member

- Tools to use in your presentation, such as quantifying compliance and its effect on the bottom line

- How automation can contribute to your efforts by adding value and saving money

Speakers:

	Virigina Thompson Director, Import/Export Operations & Global Trade Compliance Crate & Barrel
	Nathan Pieri SVP Marketing & Product Management Management Dynamics, Inc
	Beth Peterson President BPE

Register Today for “Bringing Compliance into the Boardroom!

 EAST RUTHERFORD, NJ, August 10, 2010 — Management Dynamics, a leading provider of Global Trade Management solutions, today announced the release of Trade Planner 3.0, a scenario-based planning tool that helps supply chain teams quickly and accurately evaluate alternative sourcing and distribution strategies to optimize total landed cost while assessing the impact of trade regulations.

 According to U.S. Customs and Border Protection, companies import nearly $2 trillion worth of products annually from over 150 countries, a number that is expected to triple by 2015. With the increasing pressure to cut costs, accommodate new trade regulations, and take advantage of new preferential trade agreements, businesses need planning tools to improve the design of their global supply chains.

“Companies today are moving beyond sourcing decisions based on the lowest product invoice and are evaluating multiple dimensions including transportation costs, duties and taxes, regulatory compliance, and other country risk factors,” said Janet Suleski, Research Director, Gartner.  “Scenario-based planning solutions provide key players across sourcing, logistics and compliance with the ability to make faster, more accurate sourcing and distribution decisions.”

 With Management Dynamics’ Trade Planner solution, users can quickly and easily compare the costs of sourcing and distributing one or multiple products from multiple locations to identify the optimal decision.  Trade Planner allows users to import product descriptions, classify products and store classifications by country in a product repository.  Trade Planner is fully integrated with Management Dynamics’ Global Trade Content and supports classification by the Harmonized Schedules and Export Control Numbers for over 122 countries, and identifies all applicable embargoes, prohibitions, license requirements, and other product specific barriers to importing and exporting. 

“Businesses are increasingly global in scope and need new planning tools to continually monitor total landed cost, model the cost reduction opportunities of shifting a supply base, evaluate new preferential trade agreements and assess the impact of new trade regulations,” said Nathan Pieri, SVP Marketing & Product Management, Management Dynamics, Inc.  “Today, some of the world’s largest companies in retail, food service, electronics, and apparel, are utilizing Trade Planner 3.0 across the enterprise to collaborate and make better sourcing and distribution strategies by considering both cost and associated risks.”

 Trade Planner 3.0 is an on-demand application that can be quickly and cost-effectively deployed – typically in a few days. 

For Additional information:
Make better-informed sourcing and distribution decisions. Maintain import and export compliance with on-demand access to the most comprehensive source of global trade content in the industry. Learn more at ManagementDynamics.com/TradePlanner.

About Management Dynamics, Inc.
Management Dynamics is a leading provider of global trade management solutions that improve the performance of global supply chains for importers, exporters, logistics service providers, and carriers. The company’s solutions synchronize the flow of information among trading partners, optimize supply chain execution decisions, and streamline import and export processes to ensure regulatory compliance and minimize cost and risk involved in cross-border transactions. Management Dynamics’ time-proven solutions are used by more than 14,000 global users at some of the world’s most successful 3PLs, carriers, manufacturers, retailers, and high technology companies. 

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.

“Higher tariffs have never proven to be a wise solution for American economic growth,” said Stephanie Lester, RILA vice president for international trade. “RILA supports economic engagement with China and addressing our trade gap with China. We firmly oppose legislation that threatens to cut off access to the U.S. market and drive up prices for consumers.”

RILA has warned that higher tariffs would negatively effect U.S. businesses and its consumers.

To read more about RILA’s reaction, click here.

Link to register: http://ow.ly/1wDDg